Educational research on US and Indian equities, ETFs, mutual funds and crypto, with screeners and a free investing academy.
All data is for educational purposes only and should not be considered investment advice.
Equiscale is operated by Syntellia LLC, a Delaware limited liability company.
© 2026 Syntellia LLC. All rights reserved.
Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities. Its markets include options through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S. equities through MIAX Pearl Equities; U.S. futures and options on futures through MIAX Futures; and international listings through BSX and TISE. The company also trades Hard Red Spring Wheat futures and options on MIAX Futures; provides clearing services for U.S. futures and options on futures through MIAX Futures Clearing; and owns Dorman Trading, a full-service futures commission merchant provides execution and clearing services for introducing brokers, retail customers, institutional clients, and professional traders. In addition, it offers financial markets and securities services to public and private companies. Miami International Holdings, Inc. was incorporated in 2007 and is headquartered in Princeton, New Jersey.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.4B | $-26M | $-70M | $133M | -7.9% | 19.6% | -168.6% |
| 2024 | $1.1B | $142M | $102M | $72M | 27.8% | 9.5% | -588.9% |
| 2023 | $1.0B | $18M | $-21M | $-75M | -12.7% | 30.5% | -136.3% |
| 2022 | $798M | $92M | $58M | $102M | 21315.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 1,364.07 |
| Operating Revenue | 1,337.08 |
| Cost Of Revenue | 933.54 |
| Gross Profit | 430.53 |
| Operating Expense | 335.66 |
| Selling General And Administration | 270.92 |
| Total Expenses | 1,269.20 |
| Operating Income | 94.87 |
| Total Operating Income As Reported | 91.97 |
| EBITDA | -26.31 |
| Normalized EBITDA | 144.61 |
| EBIT | -55.69 |
| Interest Income | 9.41 |
| Interest Expense | 12.89 |
| Net Interest Income | -3.47 |
| Other Non Operating Income Expenses | 10.95 |
| Other Income Expense | -159.98 |
| Interest Income Non Operating | 9.41 |
| Interest Expense Non Operating | 12.89 |
| Net Non Operating Interest Income Expense | -3.47 |
| Pretax Income | -68.58 |
| Tax Provision | 1.45 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -35.89 |
| Net Income Continuous Operations | -70.03 |
| Net Income From Continuing And Discontinued Operation | -70.03 |
| Net Income From Continuing Operation Net Minority Interest | -70.03 |
| Net Income | -70.03 |
| Net Income Common Stockholders | -70.03 |
| Net Income Including Noncontrolling Interests | -70.03 |
| Normalized Income | 65 |
| Diluted NI Availto Com Stockholders | -70.03 |
| Basic Average Shares | 69.84 |
| Diluted Average Shares | 69.84 |
| Reconciled Depreciation | 29.38 |
| Reconciled Cost Of Revenue | 933.54 |
| Total Unusual Items | -170.93 |
| Total Unusual Items Excluding Goodwill | -170.93 |
| Minority Interests | 0 |
| Special Income Charges | -112.61 |
| Other Special Charges | 107.66 |
| Write Off | 0 |
| Restructuring And Mergern Acquisition | 2.90 |
| Gain On Sale Of Security | -58.32 |
| Depreciation Amortization Depletion Income Statement | 29.38 |
| Depreciation And Amortization In Income Statement | 29.38 |
| General And Administrative Expense | 268.16 |
| Other Gand A | 67.86 |
| Salaries And Wages | 188.31 |
| Gain On Sale Of Ppe | -2.05 |
| Rent Expense Supplemental | 11.98 |
| Other Operating Expenses | 35.37 |
| Selling And Marketing Expense | 2.76 |
| Rent And Landing Fees | 11.98 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Miami International Holdings, Inc.this co. | MIAX | $3.8B | - | 4.27 | -7.9% | - |
| CNO Financial Group, Inc. | CNO | $4.4B | 19.18 | 1.67 | 8.7% | - |
| Eastern Bankshares, Inc. | EBC | $4.3B | 48.96 | 1.00 | 2.0% | - |
| PennyMac Financial Services, Inc. | PFSI | $4.2B | 8.45 | 0.98 | 11.6% | 43.48 |
| Lemonade, Inc. | LMND |
| 2021 | - | - | - | - | - | - | - |
| $4.0B |
| - |
| 7.42 |
| -31.0% |
| - |
| Marex Group plc | MRX | $3.9B | 12.76 | 3.10 | 24.3% | 9.33 |
| F&G Annuities & Life, Inc. | FG | $3.6B | 13.58 | 0.75 | 5.5% | - |
| WesBanco, Inc. | WSBC | $3.3B | 14.92 | 0.87 | 5.9% | - |
| Mechanics Bancorp | MCHB | $3.3B | - | - | - | - |
| Peer Median | - | 14.25 | 1.00 | 5.9% | 26.41 | |