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Miami International Holdings, Inc.

MIAXFinancial ServicesNASDAQ

Capital Markets · Last scanned Jun 4, 2026

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Financials · Annual
Revenue
$1.36B
+19.6% YoY
Net Income
-$70.0M
-168.6% YoY
EBITDA
-$26.3M
-118.5% YoY
Free Cash Flow
$139.3M

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About Miami International Holdings, Inc.

Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities. At a $3.83B market cap, Miami International Holdings, Inc. ranks as a mid-cap company within financial services. Its markets include options through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S.

Key stats
Market Cap$3.83B
P/E (TTM)31.26
Fwd P/E22.13
EPS$1.29
52W Change+38.3%
ROE16.8%
Analysis

Miami International Holdings, Inc. holds $595.9M in cash against $22.7M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Annual free cash flow of $139.3M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 16.8%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 7.0% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $751.5M (2021) to $1.36B (2025), reflecting a 82% increase over the period.

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Miami International Holdings, Inc. and its sector.

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MIAX — Miami International Holdings, Inc. Technical Analysis | Scanance