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Miami International Holdings, Inc. 10-Q Filings

MIAX NYSE

Every 10-Q that Miami International Holdings, Inc. (MIAX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow MIAX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MIAX filings page.

Rhea-AI Summary

Miami International Holdings, operator of options, equities, futures and international exchanges, reported strong growth for the three months ended June 30, 2026. Total revenues were 387,629 (dollars in thousands), up from 327,784, with revenues less cost of revenues rising to 141,113 from 104,662. Operating income was 27,797, roughly flat year over year, but net income increased to 44,208 and diluted EPS to 0.40.

For the first half of 2026, net income jumped to 214,432 (thousands) and diluted EPS to 1.95, compared with 2,107 and 0.03 a year earlier. Drivers included higher segment revenues, a 50,570 gain on the sale of 90% of MIAXdx to a Robinhood–SIG joint venture and an 85,603 income tax benefit, partly offset by a 30,000 litigation settlement with Nasdaq.

Cash, cash equivalents, segregated cash and restricted cash reached 804,289 at June 30, 2026, while total stockholders’ equity rose to 1,150,301. Debt consisted mainly of a 1,514 notes payable balance. Net cash provided by operating activities was 183,642 for the half year, and total cash and related balances increased by 246,705.

Rhea-AI Summary

Miami International Holdings, Inc. reported higher activity and a sharp profit swing for the three months ended March 31, 2026. Total revenue rose to $369.7 million from $327.1 million a year earlier, driven mainly by higher transaction and clearing fees plus stronger access and market data revenue.

Operating income increased to $46.0 million from $22.3 million as revenues outpaced growth in compensation, technology, and other expenses. The company booked a $50.5 million gain on the sale of 90% of MIAXdx and a $70.2 million income tax benefit, turning last year’s net loss into net income of $170.2 million.

Cash and cash equivalents reached $550.8 million, with total cash, segregated cash, and restricted cash of $670.7 million. Total assets were $1.44 billion and stockholders’ equity rose to $1.07 billion, while debt remained minimal at about $1.5 million in notes payable.

Rhea-AI Summary

Miami International Holdings (MIAX) reported Q3 2025 results highlighted by strong revenue growth and a one‑time financing charge tied to its IPO. Total revenue reached $339.8 million for the quarter (up from $276.7 million), driven by higher transaction and clearing fees ($292.8 million), access fees, and market data. Revenues less cost of revenues were $109.5 million versus $69.6 million a year ago. Operating results were near break‑even in the quarter, but non‑operating items included a $107.7 million loss on debt extinguishment, leading to a net loss of $102.1 million.

The company closed its IPO on August 15, 2025, issuing 17,250,000 shares at $23.00 and used proceeds to fully repay borrowings under its 2029 senior secured term loan. Year‑to‑date, operating income was $49.3 million on $994.6 million of revenue. The balance sheet strengthened with cash and cash equivalents of $401.5 million, stockholders’ equity of $831.9 million, and total assets of $1.23 billion as of September 30, 2025. MIAX also launched MIAX Sapphire and completed the acquisition of TISEG on June 5, 2025, expanding its exchange footprint.