MIAX (MIAMI INTERNATIONAL HOLDINGS, INC.) Stock Financials & Earnings | Market Cap Arena

MIAXMIAMI INTERNATIONAL HOLDINGS, INC.

Mkt Cap$4B

Financial Services·Financial - Capital Markets·🇺🇸 United States·NYSE

Revenue (TTM)$1.4B

Net Income (TTM)-$70M

EPS (TTM)-$1.00

Free Cash Flow (TTM)$142M

Gross Margin30.4%

Op. Margin5.6%

Net Margin-5.1%

FCF Margin10.4%

P/S Ratio (TTM)2.8x

P/E Ratio (TTM)—

YoY Rev Growth+19.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 23	$257M	$51M	-$7M
Q1 24	$273M	$61M	-$2M
Q2 24	$267M	$63M	-$7M
Q3 24	$277M	$70M	-$1M
Q4 24	$324M	$82M	$7M
Q1 25	$327M	$92M	$22M
Q2 25	$328M	$105M	$27M
Q3 25	$340M	$109M	-$305K
Q4 25	$369M	$108M	$27M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	3.5x	44.9x
Q4 24	3.3x	37.0x
Q1 25	3.2x	44.1x
Q2 25	3.0x	2106.8x
Q3 25	2.9x	—
Q4 25	2.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 23	-$2M	-$3M
Q1 24	$39M	$26M
Q2 24	$89M	$82M
Q3 24	-$56M	-$66M
Q4 24	$39M	$30M
Q1 25	$11M	$3M
Q2 25	$55M	$46M
Q3 25	$55M	$50M
Q4 25	$47M	$43M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 23	$1M
Q1 24	$13M
Q2 24	$7M
Q3 24	$10M
Q4 24	$9M
Q1 25	$8M
Q2 25	$9M
Q3 25	$5M
Q4 25	$4M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 24	+26.0%	+19.7%
Q1 25	+19.8%	+11.0%
Q2 25	+22.9%	+9.6%
Q3 25	+22.8%	+22.4%
Q4 25	+14.1%	+8.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$11M	4.2%
Q3 24	$12M	4.3%
Q4 24	$10M	3.1%
Q1 25	$9M	2.9%
Q2 25	$0	0.0%
Q3 25	$29M	8.6%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 24	$49M	$794K
Q2 24	$57M	$741K
Q3 24	$57M	$663K
Q4 24	$60M	$865K
Q1 25	$54M	$763K
Q2 25	$59M	$555K
Q3 25	$92M	$759K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$59M	$0	$59M
Q2 24	$63M	$0	$63M
Q3 24	$125M	$0	$125M
Q4 24	$150M	$0	$150M
Q1 25	$130M	$0	$130M
Q2 25	$195M	$0	$195M
Q3 25	$401M	$0	$401M
Q4 25	$510M	$0	$510M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 23	79M	—
Q1 24	79M	+0.0%
Q2 24	79M	+0.0%
Q3 24	79M	+0.0%
Q4 24	79M	-0.8%
Q1 25	78M	-0.8%
Q2 25	79M	+1.7%
Q3 25	70M	-11.7%
Q4 25	70M	-0.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	—	—
FY 25	$3M	439

MIAX (MIAMI INTERNATIONAL HOLDINGS, INC.) Stock Financials & Earnings | Market Cap Arena