What is Miami International Holdings, Inc.'s earnings per share (EPS)?

Miami International Holdings, Inc. (MIAX) reported diluted earnings per share of -$1.00 for fiscal year 2025. This represents a -171.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Miami International Holdings, Inc. (MIAX) Financials

MIAX

Trailing 12 months to June 30, 2026

Revenue $1.5B YoY not available

Net Income $142.3M YoY not available

EPS (Diluted) $1.01 YoY not available

Free Cash Flow $251.5M YoY not available

Market Cap $2.9B as of Oct 15, 2026

Price / Sales 2.0x on $1.5B revenue, trailing 12 months to June 30, 2026

Price / Earnings 20.7x on $142.3M net income, trailing 12 months to June 30, 2026

Price / Book 2.6x on $1.2B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MIAX SEC filings page.

Miami International Holdings, Inc. (MIAX) reported $1.5B in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MIAX FY2025 2026-10-03

Revenue growth is now translating into operating profit and cash generation, but reported net income still masks a major earnings-quality mismatch.

FY2025's operating profit reached $92M while the company reported a net loss of $70M, showing that below-operating-line items materially changed the shareholder result. Yet operating cash flow was $168M and free cash flow was $145M, so the reported loss did not describe the year's cash economics.

Gross margin expanded from 24.2% in FY2024 to 31.6% in FY2025, while operating margin moved from -0.3% to 6.7%. The margin step-up indicates improving conversion of revenue into operating earnings, not merely a larger top line.

Long-term debt fell from $32.3M to $0, making the balance sheet less dependent on borrowing. Financing cash flow was $215M while shares outstanding reached 91.7M, so the stronger capital position coincided with substantial equity financing rather than operating cash alone.

Financial Health Signals

Financial Health Score 32/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Miami International Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Miami International Holdings, Inc. earned a return on assets of -5.6% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 10.5% the prior year. Earnings ranks banks on that return over three years, and Miami International Holdings, Inc. scores 25/100 among other banks.

Growth

Miami International Holdings, Inc. reported revenue of $1.4B in fiscal year 2025, against $1.1B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Miami International Holdings, Inc. scores 72/100 among other banks.

Capital

Miami International Holdings, Inc. funded 70.0% of its assets with shareholders' equity at the end of fiscal year 2025, holding $881.0M of equity against $1.3B of assets. Capital ranks banks on that cushion, and Miami International Holdings, Inc. scores 96/100 among other banks.

Efficiency

Not available for Miami International Holdings, Inc., and counted as zero in the overall score.

Credit Quality

Not available for Miami International Holdings, Inc., and counted as zero in the overall score.

Stability

Miami International Holdings, Inc. reported a net loss of $70.0M in fiscal year 2025, against $102.1M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Miami International Holdings, Inc. scores 1/100 among other banks.

Piotroski F-Score Neutral

5/9

Miami International Holdings, Inc. passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

Miami International Holdings, Inc. reported a net loss of $70.0M while generating $167.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage Safe

7.16x

Miami International Holdings, Inc. earns $7.16 in operating income for every $1 of interest expense ($92.0M vs $12.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$387.6M

YoY+18.3%

QoQ+4.9%

Miami International Holdings, Inc. generated $387.6M in revenue in Q2 2026. This represents an increase of 18.3% from the same quarter a year earlier. Against the prior quarter it is up 4.9%.

EBITDA

$36.6M

YoY+6.9%

QoQ-32.3%

Miami International Holdings, Inc.'s EBITDA was $36.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.9% from the same quarter a year earlier. Against the prior quarter it is down 32.3%.

Net Income

$44.2M

YoY+87.9%

QoQ-74.0%

Miami International Holdings, Inc. reported $44.2M in net income in Q2 2026. This represents an increase of 87.9% from the same quarter a year earlier. Against the prior quarter it is down 74.0%.

EPS (Diluted)

$0.40

YoY+33.3%

QoQ-74.4%

Miami International Holdings, Inc. earned $0.40 per diluted share (EPS) in Q2 2026. This represents an increase of 33.3% from the same quarter a year earlier. Against the prior quarter it is down 74.4%.

Cash & Balance Sheet

Free Cash Flow

$106.5M

YoY+149.2%

QoQ+116.4%

Miami International Holdings, Inc. generated $106.5M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 149.2% from the same quarter a year earlier. Against the prior quarter it is up 116.4%.

Cash & Debt

$660.5M

YoY+238.1%

QoQ+19.9%

Miami International Holdings, Inc. held $660.5M in cash against $0 in long-term debt as of Q2 2026.

Shares Outstanding

99M

QoQ+4.6%

Miami International Holdings, Inc. had 99M shares outstanding in Q2 2026. Against the prior quarter it is up 4.6%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

36.4%

YoY+4.5pp

QoQ+1.6pp

Miami International Holdings, Inc.'s gross margin was 36.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 4.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Operating Margin

7.2%

YoY-1.2pp

QoQ-5.3pp

Miami International Holdings, Inc.'s operating margin was 7.2% in Q2 2026, reflecting core business profitability. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.3 percentage points.

Net Margin

11.4%

YoY+4.2pp

QoQ-34.7pp

Miami International Holdings, Inc.'s net profit margin was 11.4% in Q2 2026, showing the share of revenue converted to profit. This is up 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 34.7 percentage points.

Return on Equity

3.8%

YoY-1.8pp

QoQ-12.1pp

Miami International Holdings, Inc.'s ROE was 3.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 12.1 percentage points.

Capital Allocation

Share Buybacks

$3.8M

QoQ-71.8%

Miami International Holdings, Inc. spent $3.8M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 71.8%.

Capital Expenditures

$16.3M

YoY+33.3%

QoQ+39.7%

Miami International Holdings, Inc. invested $16.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 33.3% from the same quarter a year earlier. Against the prior quarter it is up 39.7%.

R&D Spending

Not reported for Q2 2026.

MIAX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MIAX quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K
Revenue	$1.5B	$1.4B+19.6%	$1.1B+9.5%	$1.0B
Cost of Revenue	$962.8M	$933.5M+8.0%	$864.4M+6.9%	$808.5M
Gross Profit	$503.7M	$430.5M+56.2%	$275.6M+18.6%	$232.5M
Operating Income	$116.1M	$92.0M+3355.5%	-$2.8M+1.4%	-$2.9M
EBITDA	N/A	$121.3M+490.6%	$20.5M+13.1%	$18.2M
Interest Expense	$3.6M	$12.9M-7.3%	$13.9M-26.1%	$18.8M
Income Tax	-$85.5M	$1.4M-53.2%	$3.1M+544.0%	-$697K
Net Income	$142.3M	-$70.0M-168.6%	$102.1M+588.9%	-$20.9M
EPS (Basic)	N/A	-$1.00-159.5%	$1.68+554.1%	-$0.37
EPS (Diluted)	$1.01	-$1.00-171.9%	$1.39+475.7%	-$0.37
Diluted Shares (Avg)	N/A	70M-6.4%	75M+32.2%	56M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$387.6M+18.3%	$369.7M+13.0%	$369.4M	$339.8M+22.8%	$327.8M	$327.1M	N/A	$276.7M
Cost of Revenue	$246.5M+10.5%	$241.1M+2.5%	$244.9M	$230.3M+11.2%	$223.1M	$235.2M	N/A	$207.1M
Gross Profit	$141.1M+34.8%	$128.6M+40.0%	$124.5M	$109.5M+57.4%	$104.7M	$91.9M	N/A	$69.6M
Operating Income	$27.8M+1.9%	$46.0M+106.2%	$42.7M	-$305K+73.7%	$27.3M	$22.3M	N/A	-$1.2M
EBITDA	$36.6M+6.9%	$54.1M+89.9%	$50.7M	$7.9M+62.2%	$34.2M	$28.5M	N/A	$4.9M
Interest Expense	$32K-99.3%	$33K-99.3%	$189K	$3.4M+57.1%	$4.9M	$4.4M	N/A	$2.1M
Income Tax	-$15.4M-1467.6%	-$70.2M-33517.6%	$922K	-$810K-152.0%	$1.1M	$210K	N/A	$1.6M
Net Income	$44.2M+87.9%	$170.2M+894.7%	$29.9M	-$102.1M-3086.0%	$23.5M-78.1%	-$21.4M-330.7%	N/A	-$3.2M
EPS (Basic)	$0.46+27.8%	$1.85+644.1%	$0.51+1175.0%	-$1.46-2820.0%	$0.36	-$0.34	$0.04	-$0.05
EPS (Diluted)	$0.40+33.3%	$1.56	$0.51+1175.0%	-$1.46-2820.0%	$0.30	-$0.34	$0.04	-$0.05
Diluted Shares (Avg)	111M+41.1%	109M	N/A	70M+10.9%	78M	64M	N/A	63M

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.

MIAX Balance Sheet

MIAX quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K
Total Assets	$1.3B+29.4%	$973.7M	N/A
Current Assets	$855.2M+49.3%	$572.8M	N/A
Cash & Equivalents	$433.6M+188.4%	$150.3M+153.6%	$59.3M
Short-Term Investments	$0	$0	$0
Accounts Receivable	$98.1M+6.2%	$92.4M	N/A
Long-Term Investments	$19.2M-38.2%	$31.0M	$0
Goodwill	$62.2M+32.9%	$46.8M0.0%	$46.8M
Total Liabilities	$378.4M-37.6%	$606.0M	N/A
Current Liabilities	$337.3M-16.8%	$405.2M	N/A
Non-Current Liabilities	$41.1M-79.5%	$200.8M	N/A
Long-Term Debt	$0-100.0%	$32.3M	N/A
Total Equity	$881.0M+139.7%	$367.6M+124.5%	$163.8M
Retained Earnings	-$632.3M-12.5%	-$562.3M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.6B	$1.4B	$1.3B+29.4%	$1.2B	N/A	N/A	$973.7M	N/A
Current Assets	$1.1B	$971.4M	$855.2M+49.3%	$792.0M	N/A	N/A	$572.8M	N/A
Cash & Equivalents	$660.5M+238.1%	$550.8M+324.5%	$433.6M+188.4%	$401.5M+221.0%	$195.3M	$129.8M	$150.3M	$125.1M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$119.9M	$106.8M	$98.1M+6.2%	$99.9M	N/A	N/A	$92.4M	N/A
Long-Term Investments	$28.9M	$29.2M	$19.2M-38.2%	$14.2M	$0	$0	$31.0M	$0
Goodwill	$61.9M	$61.9M	$62.2M+32.9%	$64.7M	N/A	N/A	$46.8M	N/A
Total Liabilities	$450.1M	$378.6M	$378.4M-37.6%	$393.4M	N/A	N/A	$606.0M	N/A
Current Liabilities	$423.2M	$350.9M	$337.3M-16.8%	$349.3M	N/A	N/A	$405.2M	N/A
Non-Current Liabilities	$26.9M	$27.7M	$41.1M-79.5%	$44.1M	N/A	N/A	$200.8M	N/A
Long-Term Debt	$0	$0	$0-100.0%	$1.5M	N/A	N/A	$32.3M	N/A
Total Equity	$1.2B+175.0%	$1.1B+180.6%	$881.0M+139.7%	$831.9M+136.7%	$418.3M+19.0%	$379.8M+110.6%	$367.6M	$351.4M
Retained Earnings	-$417.9M	-$462.1M	-$632.3M-12.5%	-$662.3M	N/A	N/A	-$562.3M	N/A

Not reported in any period shown, so not listed: Inventory.

MIAX Cash Flow Statement

MIAX quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K
Operating Cash Flow	$285.3M	$167.8M+50.6%	$111.4M+326.5%	-$49.2M
Depreciation & Amortization	N/A	$29.4M+25.7%	$23.4M+11.1%	$21.0M
Stock-Based Compensation	N/A	$57.6M+31.9%	$43.6M+45.3%	$30.0M
Capital Expenditures	$33.9M	$22.8M-14.8%	$26.7M+65.0%	$16.2M
Free Cash Flow	$251.5M	$145.0M+71.2%	$84.7M+229.5%	-$65.4M
Investing Cash Flow	$2.0M	-$101.3M-149.7%	-$40.6M+36.7%	-$64.1M
Financing Cash Flow	$217.7M	$214.8M+630.4%	$29.4M+276.9%	-$16.6M
Share Buybacks	$36.9M	$21.8M+75.7%	$12.4M+275.0%	$3.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$122.8M+123.4%	$60.9M+444.0%	$47.0M+20.4%	$54.7M	$55.0M	$11.2M	$39.0M	N/A
Depreciation & Amortization	$8.8M+26.5%	$8.1M+31.1%	$8.0M+28.4%	$8.2M+36.1%	$6.9M	$6.2M	$6.3M	$6.0M
Stock-Based Compensation	N/A	$8.7M-8.6%	N/A	N/A	N/A	$9.5M	N/A	N/A
Capital Expenditures	$16.3M+33.3%	$11.7M+149.2%	$4.1M-32.7%	$1.7M	$12.2M	$4.7M	$6.1M	N/A
Free Cash Flow	$106.5M+149.2%	$49.2M+656.4%	$42.9M+30.2%	$53.0M	$42.7M	$6.5M	$32.9M	N/A
Investing Cash Flow	-$22.2M+69.1%	$45.6M+659.5%	-$16.8M-85.7%	-$4.5M	-$71.8M	-$8.1M	-$9.1M	N/A
Financing Cash Flow	$33.0M-15.6%	$7.1M+472.0%	$3.1M+586.9%	$174.5M	$39.1M	-$1.9M	-$633K	N/A
Share Buybacks	$3.8M	$13.3M+583.4%	$0-100.0%	$19.9M	$0	$1.9M	$318K	N/A

Not reported in any period shown, so not listed: Dividends Paid.

MIAX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MIAX quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K
Gross Margin	31.6%+7.4pp	24.2%+1.8pp	22.3%
Operating Margin	6.7%+7.0pp	-0.3%0.0pp	-0.3%
Net Margin	-5.1%-14.1pp	9.0%+11.0pp	-2.0%
Return on Equity	-8.0%-35.7pp	27.8%+40.5pp	-12.8%
Return on Assets	-5.6%-16.0pp	10.5%	N/A
Current Ratio	2.54+1.1x	1.41	N/A
Debt-to-Equity	0.00-0.1x	0.09	N/A
Asset Turnover	1.08-0.1x	1.17	N/A
FCF Margin	10.6%+3.2pp	7.4%+13.7pp	-6.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	36.4%+4.5pp	34.8%+6.7pp	33.7%	32.2%+7.1pp	31.9%	28.1%	N/A	25.1%
Operating Margin	7.2%-1.2pp	12.4%+5.6pp	11.6%	-0.1%+0.3pp	8.3%	6.8%	N/A	-0.4%
Net Margin	11.4%+4.2pp	46.1%+52.6pp	8.1%	-30.0%-28.9pp	7.2%	-6.6%	N/A	-1.2%
Return on Equity	3.8%-1.8pp	16.0%+21.6pp	3.4%	-12.3%-11.4pp	5.6%-24.9pp	-5.6%-2.9pp	N/A	-0.9%
Return on Assets	2.8%	11.8%	2.4%	-8.3%	N/A	N/A	N/A	N/A
Current Ratio	2.61	2.77	2.54+1.1x	2.27	N/A	N/A	1.41	N/A
Debt-to-Equity	0.00	0.00	0.00-0.1x	0.00	N/A	N/A	0.09	N/A
Asset Turnover	0.24	0.26	0.29	0.28	N/A	N/A	N/A	N/A
FCF Margin	27.5%+14.4pp	13.3%+11.3pp	11.6%	15.6%	13.0%	2.0%	N/A	N/A

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Miami International Holdings, Inc. MIAX	FY2025	$1.4B	-$70.0M	-5.1%	$2.9B	32/100
Hut 8 Corp. HUT	FY2025	$235.1M	-$248.0M	N/A	$9.2B	48/100
CLEANSPARK INC CLSK	FY2026	N/A	N/A	N/A	$2.4B	—
eToro Group Ltd. ETOR	FY2025	$13.8B	$215.7M	1.6%	$1.9B	54/100
Marex Group Limited MRX	FY2025	$2.0B	$307.7M	15.2%	$5.0B	29/100
Cipher Digital Inc. CIFR	FY2025	$223.9M	-$822.2M	N/A	$4.1B	40/100

Where Miami International Holdings, Inc. Ranks

Frequently Asked Questions

What is Miami International Holdings, Inc.'s annual revenue?

Miami International Holdings, Inc. (MIAX) reported $1.4B in total revenue for fiscal year 2025. This represents a 19.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Miami International Holdings, Inc.'s revenue growing?

Miami International Holdings, Inc. (MIAX) revenue grew by 19.6% year-over-year, from $1.1B to $1.4B in fiscal year 2025.

Is Miami International Holdings, Inc. profitable?

No, Miami International Holdings, Inc. (MIAX) reported a net income of -$70.0M in fiscal year 2025, with a net profit margin of -5.1%.

What is Miami International Holdings, Inc.'s EBITDA?

Miami International Holdings, Inc. (MIAX) had EBITDA of $121.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Miami International Holdings, Inc. have?

As of fiscal year 2025, Miami International Holdings, Inc. (MIAX) had $433.6M in cash and equivalents against $0 in long-term debt.

What is Miami International Holdings, Inc.'s gross margin?

Miami International Holdings, Inc. (MIAX) had a gross margin of 31.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Miami International Holdings, Inc.'s operating margin?

Miami International Holdings, Inc. (MIAX) had an operating margin of 6.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Miami International Holdings, Inc.'s net profit margin?

Miami International Holdings, Inc. (MIAX) had a net profit margin of -5.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Miami International Holdings, Inc.'s return on equity (ROE)?

Miami International Holdings, Inc. (MIAX) has a return on equity of -8.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Miami International Holdings, Inc.'s free cash flow?

Miami International Holdings, Inc. (MIAX) generated $145.0M in free cash flow during fiscal year 2025. This represents a 71.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Miami International Holdings, Inc.'s operating cash flow?

Miami International Holdings, Inc. (MIAX) generated $167.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Miami International Holdings, Inc.'s total assets?

Miami International Holdings, Inc. (MIAX) had $1.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Miami International Holdings, Inc.'s capital expenditures?

Miami International Holdings, Inc. (MIAX) invested $22.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Miami International Holdings, Inc. buy back shares?

Yes, Miami International Holdings, Inc. (MIAX) spent $21.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Miami International Holdings, Inc. have outstanding?

Miami International Holdings, Inc. (MIAX) had 92M shares outstanding as of fiscal year 2025.

What is Miami International Holdings, Inc.'s current ratio?

Miami International Holdings, Inc. (MIAX) had a current ratio of 2.54 as of fiscal year 2025, which is generally considered healthy.

What is Miami International Holdings, Inc.'s debt-to-equity ratio?

Miami International Holdings, Inc. (MIAX) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Miami International Holdings, Inc.'s return on assets (ROA)?

Miami International Holdings, Inc. (MIAX) had a return on assets of -5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Miami International Holdings, Inc.'s P/E ratio?

Miami International Holdings, Inc. (MIAX) trades at 20.7x earnings, its market capitalization divided by net income of $142.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.9B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Miami International Holdings, Inc.'s price-to-sales ratio?

Miami International Holdings, Inc. (MIAX) trades at 2.0x sales, its market capitalization divided by revenue of $1.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.9B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Miami International Holdings, Inc.'s Piotroski F-Score?

Miami International Holdings, Inc. (MIAX) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Miami International Holdings, Inc.'s earnings high quality?

Miami International Holdings, Inc. (MIAX) reported a net loss of $70.0M while generating $167.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Miami International Holdings, Inc. cover its interest payments?

Miami International Holdings, Inc. (MIAX) has an interest coverage ratio of 7.16x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Miami International Holdings, Inc.?

Miami International Holdings, Inc. (MIAX) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.