Miami International Holdings, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:32:53Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Free Cash Flow | 144.88M | 84.56M | -65.53M |
| EBITDA | 121.35M | 20.55M | 18.16M |
| Working Capital | 517.95M | 167.59M | — |
| Net Debt | -408.32M | -91.09M | — |
| Gross Margin | 31.56% | 24.18% | 22.33% |
| Operating Margin | 6.74% | -0.25% | -0.28% |
| Net Margin | -5.13% | 8.96% | -2.01% |
| Return on Equity (ROE) | -7.95% | 27.78% | -12.75% |
| Return on Assets (ROA) | -5.56% | 10.49% | — |
| Current Ratio | 2.54× | 1.41× | — |
| Debt-to-Equity | 0.03× | 0.16× | — |
| Effective Tax Rate | -2.11% | 2.95% | 3.16% |
| Cash Conversion Ratio | -2.40× | 1.09× | 2.35× |
| Accruals Ratio | -0.19× | -0.01× | — |
| SBC % of Revenue | 4.22% | 3.83% | 2.88% |
| CapEx Coverage | 7.31× | 4.15× | -3.01× |
| Free Cash Flow Per Share | $2.07 | $1.13 | $-1.16 |
Valuation Metrics
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| P/FCF | 21.39× | — | — |
| FCF Yield | 4.67% | — | — |
| EV / EBITDA | 27.92× | — | — |
| P/S | 2.78× | — | — |
| P/B | 4.31× | — | — |
Income Statement
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.36B | 1.14B | 1.04B |
| Cost of Revenue | 933.54M | 864.43M | 808.54M |
| Gross Profit | 430.53M | 275.64M | 232.47M |
| Operating Expenses | 338.56M | 278.47M | 235.34M |
| Operating Income (Loss) | 91.97M | -2.83M | -2.87M |
| Income Tax Expense (Benefit) | 1.45M | 3.10M | -697.00K |
| Net Income (Loss) Attributable to Parent | -70.03M | 102.12M | -20.89M |
| Earnings Per Share, Basic | $-1.00 | $1.68 | $-0.37 |
| Weighted Average Number of Shares Outstanding, Basic | 69.84M | 60.70M | 56.46M |
| Earnings Per Share, Diluted | $-1.00 | $1.39 | $-0.37 |
| Weighted Average Number of Shares Outstanding, Diluted | 69.84M | 74.63M | 56.46M |
Balance Sheet
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 433.65M | 150.34M | 59.29M |
| Assets, Current | 855.21M | 572.82M | — |
| Assets | 1.26B | 973.65M | — |
| Long-term Debt | 1.51M | 37.03M | — |
| Liabilities, Current | 337.26M | 405.22M | — |
| Long-term Debt, Excluding Current Maturities | 0 | 32.27M | — |
| Liabilities | 378.41M | 606.03M | — |
| Stockholders' Equity Attributable to Parent | 881.02M | — | — |
| Common Stock, Shares, Outstanding | 85.54M | 63.18M | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 167.83M | 111.44M | -49.20M |
| Payments to Acquire Property, Plant, and Equipment | 22.79M | 26.74M | 16.20M |
| Net Cash Provided by (Used in) Investing Activities | -101.33M | -40.59M | -64.14M |
| Payments for Repurchase of Common Stock | 21.83M | 12.42M | 3.31M |
| Net Cash Provided by (Used in) Financing Activities | 214.77M | 29.41M | -16.62M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q3 2025 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 49.16M | 42.81M | 102.07M | 6.47M | 32.91M | 51.65M |
| EBITDA | 54.06M | 50.73M | 7.92M | 28.46M | 13.42M | 4.89M |
| Working Capital | 620.47M | 517.95M | 442.73M | — | 167.59M | — |
| Net Debt | -527.07M | -408.32M | -369.69M | — | -91.09M | — |
| Gross Margin | 34.78% | 33.70% | 32.22% | 28.09% | 25.23% | 25.14% |
| Operating Margin | 12.43% | 11.56% | -0.09% | 6.82% | 2.21% | -0.42% |
| Net Margin | 46.05% | 8.11% | -30.04% | -6.55% | 0.89% | -1.16% |
| Return on Equity (ROE) | 15.98% | 3.40% | -12.27% | -5.64% | 0.79% | -0.91% |
| Return on Assets (ROA) | 11.79% | 2.38% | -8.33% | — | 0.30% | — |
| Current Ratio | 2.77× | 2.54× | 2.27× | — | 1.41× | — |
| Debt-to-Equity | 0.02× | 0.03× | 0.04× | — | 0.16× | — |
| Effective Tax Rate | -70.14% | 2.99% | 0.79% | -0.99% | 11.45% | -94.71% |
| Cash Conversion Ratio | 0.36× | 1.57× | -1.18× | -0.52× | 13.50× | -22.60× |
| Accruals Ratio | 0.08× | -0.01× | -0.18× | — | -0.04× | — |
| SBC % of Revenue | 2.35% | 2.59% | 14.13% | 2.90% | 3.10% | 12.14% |
| CapEx Coverage | 5.20× | 11.25× | 6.44× | 2.37× | 6.37× | 3.49× |
| Free Cash Flow Per Share | $0.45 | $0.61 | $1.46 | $0.10 | $0.44 | $0.82 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q3 2025 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 144.15× | — | — | — | — | — |
| EV / EBITDA | 22.24× | 33.70× | 53.17× | — | — | — |
| P/S | 2.61× | 2.79× | 2.59× | — | — | — |
| P/B | 3.44× | 4.31× | 3.94× | — | — | — |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q3 2025 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 369.69M | 369.43M | 339.78M | 327.08M | 323.90M | 276.66M |
| Cost of Revenue | 241.10M | 244.93M | 230.29M | 235.19M | 242.19M | 207.10M |
| Gross Profit | 128.59M | 124.50M | 109.48M | 91.88M | 81.70M | 69.56M |
| Operating Expenses | 82.63M | 81.81M | 109.79M | 69.59M | 74.55M | 70.72M |
| Operating Income (Loss) | 45.97M | 42.69M | -305.00K | 22.29M | 7.16M | -1.16M |
| Income Tax Expense (Benefit) | -70.18M | 922.00K | -810.00K | 210.00K | 374.00K | 1.56M |
| Net Income (Loss) Attributable to Parent | 170.22M | 29.94M | -102.08M | -21.42M | 2.89M | -3.20M |
| Earnings Per Share, Basic | $1.85 | $0.51 | $-1.46 | $-0.34 | $0.04 | $-0.05 |
| Weighted Average Number of Shares Outstanding, Basic | 91.79M | 69.84M | 70.13M | 63.55M | 60.70M | 63.25M |
| Earnings Per Share, Diluted | $1.56 | $0.51 | $-1.46 | $-0.34 | $0.04 | $-0.05 |
| Weighted Average Number of Shares Outstanding, Diluted | 109.15M | 69.84M | 70.13M | 63.55M | 74.63M | 63.25M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q3 2025 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 550.79M | 433.65M | 401.48M | 129.76M | 150.34M | 125.09M |
| Assets, Current | 971.37M | 855.21M | 792.02M | — | 572.82M | — |
| Assets | 1.44B | 1.26B | 1.23B | — | 973.65M | — |
| Long-term Debt | 1.51M | 1.51M | 6.46M | — | 37.03M | — |
| Liabilities, Current | 350.90M | 337.26M | 349.29M | — | 405.22M | — |
| Long-term Debt, Excluding Current Maturities | 0 | 0 | 1.51M | — | 32.27M | — |
| Liabilities | 378.62M | 378.41M | 393.36M | — | 606.03M | — |
| Stockholders' Equity Attributable to Parent | 1.07B | 881.02M | — | — | — | — |
| Common Stock, Shares, Outstanding | 94.21M | 85.54M | 81.41M | — | 63.18M | — |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q3 2025 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 60.87M | 46.99M | 120.84M | 11.19M | 39.04M | 72.40M |
| Payments to Acquire Property, Plant, and Equipment | 11.68M | 4.12M | 18.67M | 4.69M | 6.12M | 20.62M |
| Net Cash Provided by (Used in) Investing Activities | 45.56M | -16.83M | -84.49M | -8.14M | -9.06M | -31.52M |
| Payments for Repurchase of Common Stock | 13.29M | 0 | 21.83M | 1.94M | 318.00K | 12.11M |
| Net Cash Provided by (Used in) Financing Activities | 7.11M | 3.08M | 211.69M | -1.91M | -633.00K | 30.04M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MIAX CIK 0001438472),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.