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Home CompaniesMiami International Holdings, Inc.

Miami International Holdings, Inc.

Financial Services Capital Markets
PortfolioPortfolio WatchlistWatchlist
Company price
34.48 USD -0.01 ( 0.03%)
Last update at 2026-11-06T21:00:00Z
VOLUME
884738
Market Cap
3920.61M
P/E
27.44

Momentum Score

…

Miami International Holdings, Inc., through its subsidiaries, builds and operates various financial marketplaces in the United States. It operates through Options, Equities, and International segments. The company's 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. It 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, the company 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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
33.76
Low
34.79
High
52 Week Price Range
35.43
Low
57.14
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Miami International Holdings operates electronic exchanges and market services focused on U.S. options and equities while selling market data and connectivity to broker-dealers and trading firms. Long-term growth drivers include expanding derivatives trading volumes, increasing market-data and connectivity revenues, and technology-led scale that could support margin improvement. The company may be attractive for investors seeking exposure to fee-based, transaction-driven revenue and a growing role in U.S. exchange infrastructure.

Key risks include intense competition from larger exchange operators, sensitivity of revenues to trading volumes and market volatility, regulatory or market-structure changes, and operational or technology failures that could disrupt trading or data services.

Risk Score
Low

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
34.49
Dividend Yield
-
Revenue TTM
1466.53M
Revenue Per Share
17.36
Gross Profit TTM
503.69M
Debt / Equity
0.00
ROE
18.14%
Net Debt
-508.22M
ROCE
-4.43%
Diluted EPS TTM
1.44

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -68.58M 105.08M -22.07M 50.11M -90.58M
Minority interest 0.00M 0.14M 0.48M 0.23M 0.15M
Net income -70.03M 102.12M -20.89M 57.55M -93.41M
Selling general administrative 268.16M 222.87M 183.51M 142.59M 112.92M
Selling and marketing expenses 2.76M 3.06M 5.55M 8.41M 9.34M
Gross profit 371.77M 275.64M 232.47M 195.63M 181.34M
Reconciled depreciation 29.38M 23.37M 21.03M 20.28M 21.06M
Ebit -55.69M 119.03M -3.19M 72.02M -71.28M
Ebitda -26.31M 142.40M 17.84M 92.31M -50.22M
Depreciation and amortization 29.38M 23.37M 21.03M 20.28M 21.06M
Operating income 36.55M -2.83M -2.87M 5.34M 23.72M
Other operating expenses 1327.52M 1142.90M 1043.87M 792.58M 727.82M
Interest expense 12.89M 13.95M 18.88M 21.92M 19.30M
Tax provision 1.45M 3.10M -0.70M -7.22M 2.98M
Interest income 9.41M 3.30M 2.66M 0.60M 0.00M
Net interest income -3.47M -10.65M -16.21M -21.32M -19.30M
Income tax expense 1.45M 3.10M -0.70M -7.22M 2.98M
Total revenue 1364.07M 1140.07M 1041.01M 797.92M 751.54M
Total operating expenses 335.22M 278.47M 235.34M 190.29M 157.62M
Cost of revenue 992.30M 864.43M 808.54M 602.28M 570.20M
Total other income expense net -105.13M 107.91M -19.20M 44.76M -114.30M
Net income from continuing ops -70.03M 101.99M -21.37M 57.33M -93.56M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1259.42M 973.65M 719.84M 755.37M 535.27M
Intangible assets 269.32M 153.77M 147.34M 126.05M 110.80M
Other current assets 39.23M 190.97M 146.58M 194.76M 94.38M
Total liab 378.41M 606.03M 556.06M 755.48M 648.82M
Total stockholder equity 881.02M 367.62M 164.64M 0.27M -113.39M
Other current liab 3.00M 225.32M 186.14M 237.04M 152.96M
Common stock 0.09M 0.06M 0.06M 0.10M 0.09M
Capital stock 0.09M 0.06M 0.06M 0.10M 0.09M
Retained earnings -632.34M -562.31M -668.50M -647.61M -705.16M
Good will 62.21M 46.82M 46.82M 44.30M 34.42M
Cash 509.73M 150.34M 59.29M 126.45M 160.90M
Total current liabilities 1.51M 405.22M 448.94M 393.31M 185.78M
Current deferred revenue - 2.71M 2.89M 1.16M 7.24M
Net debt -508.22M -106.53M 63.74M 25.46M 5.77M
Short term debt 1.51M 11.54M 116.85M 36.41M 17.51M
Short long term debt 1.51M 4.77M 112.24M 32.00M 15.00M
Short long term debt total 1.51M 43.81M 123.04M 151.91M 166.67M
Other stockholder equity 1513.91M 929.86M 833.08M 647.78M 591.68M
Total current assets 741.37M 572.82M 386.18M 478.73M 313.69M
Long term investments 19.18M 31.02M 35.59M 16.63M 11.59M
Net receivables 231.64M 231.50M 180.31M 157.52M 58.41M
Long term debt - 32.27M 6.18M 115.50M 149.08M
Accounts payable 152.97M 165.45M 141.72M 114.34M 5.64M
Accumulated other comprehensive income -0.64M - 0.00M - -
Non currrent assets other 171.57M 116.55M 59.33M 44.42M 25.20M
Non current assets total 518.05M 400.83M 333.66M 276.64M 221.58M
Capital lease obligations 6.69M 6.77M 4.61M 4.41M 2.51M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -10.00M -40.59M -64.14M -53.93M 0.32M
Total cashflows from investing activities -101.33M -40.59M -64.14M -53.93M 0.32M
Net borrowings -103.28M -21.99M -30.65M -17.54M 70.62M
Total cash from financing activities 214.77M 29.41M -16.62M -9.35M 92.11M
Net income -70.03M 101.99M -21.37M 57.33M -93.56M
Change in cash 262.19M 100.26M -129.96M 58.35M 116.66M
Begin period cash flow 275.16M 176.14M 306.09M 247.74M 131.09M
End period cash flow 537.35M 276.40M 176.14M 306.09M 247.74M
Total cash from operating activities 167.83M 111.44M -49.20M 121.63M 24.23M
Issuance of capital stock 381.32M 10.04M 16.44M 9.57M 21.84M
Depreciation 3.02M 23.37M 21.03M 20.28M 21.06M
Other cashflows from investing activities -12.08M - - - -
Change to account receivables 9.12M -53.07M -28.79M 2.80M -13.19M
Sale purchase of stock -21.83M - - - -
Other cashflows from financing activities - 41.36M -2.41M -1.38M -0.35M
Capital expenditures 22.79M 39.01M 25.89M 20.03M 18.06M
Change in working capital -30.09M -8.34M -96.36M 79.18M -23.79M
Stock based compensation 57.57M 43.63M 30.03M 22.32M 18.11M
Other non cash items 206.89M -52.40M 18.34M -50.29M 102.00M
Free cash flow 145.04M 72.43M -75.09M 101.60M 6.17M

Peer Comparison*

Sector: Financial Services Industry: Capital Markets

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MIAX
Miami International Holdings, Inc.		 -0.01
0.03%		 34.48 27.44 - 2.67 3.60 2.38 37.32
GS
Goldman Sachs Group Inc		 -3.13
0.36%		 865.82 17.21 16.00 4.47 2.26 11.15 -
SCHW
Charles Schwab Corp		 -1.09
1.18%		 91.49 19.53 13.89 7.16 4.22 8.80 -
MS
Morgan Stanley		 -1.00
0.55%		 181.44 16.50 13.76 2.80 1.65 - -
IBKR
Interactive Brokers Group Inc		 -
-%		 75.82 35.95 27.93 22.14 6.96 3.01 3.37

Profile*

Miami International Holdings, Inc.

Miami International Holdings, Inc., through its subsidiaries, builds and operates various financial marketplaces in the United States. It operates through Options, Equities, and International segments. The company's 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. It 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, the company 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.

7 Roszel Road, Princeton, NJ, United States, 08540

609 897 7300

https://www.miaxglobal.com

439

Name Title Year Born
Mr. Thomas P. Gallagher Esq. Chairman & CEO 1960
Mr. Lance Emmons Executive VP & CFO 1972
Mr. Douglas M. Schafer Jr. Executive VP & Chief Information Officer 1962
Ms. Barbara J. Comly Esq. Executive VP, General Counsel & Corporate Secretary 1960
Mr. Shelly Brown Executive VP & Chief Strategy Officer 1961
Mr. Matthew Rotella Senior VP & CTO NA
Mr. Edward Deitzel Executive VP, Chief Regulatory Officer & Chief Compliance Officer 1968
Mr. Jack Mondel Executive VP & Corporate Development Officer NA
Mr. Mark Wetjen Executive VP of Futures & Innovative Products and Executive Regulatory Liaison Officer NA
Mr. Harish Jayabalan Executive VP, Chief Information Security Officer & Chief Risk Officer 1977

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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