Miami International Holdings, Inc. (MIAX)

MIAX Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	1,194	1,140	1,041	797.92
Revenue Growth (YoY)	-	9.52%	30.46%	-
Cost of Revenue	-	864.43	808.54	602.28
Gross Profit	306.63	275.64	232.47	195.64
Selling, General & Admin	-	23.64	26.11	25.54
Other Operating Expenses	0	254.83	209.23	164.75
Operating Expenses	-	278.47	235.34	190.29
Operating Income	20.84	-2.83	-2.87	5.34
Interest Expense / Income	10.21	10.65	16.21	21.32
Other Expense / Income	-77.99	-118.56	2.99	-66.08
Pretax Income	88.73	105.22	-21.59	50.33
Income Tax	3.08	3.1	-0.7	-7.22
Net Income	85.54	101.99	-21.37	57.33
Net Income Common	85.65	102.12	-20.89	57.55
Free Cash Flow	49.16	72.43	-75.09	101.6
Gross Margin	25.68%	24.18%	22.33%	24.52%
Operating Margin	1.75%	-0.25%	-0.27%	0.67%
Profit Margin	7.17%	8.96%	-2.01%	7.21%
Free Cash Flow Margin	4.12%	6.35%	-7.21%	12.73%
Effective Tax Rate	3.47%	2.94%	-	-14.34%
EBITDA	125.98	141.94	17.05	93.67
EBITDA Margin	10.55%	12.45%	1.64%	11.74%
Depreciation & Amortization	27.15	26.21	22.91	22.25
EBIT	98.83	115.73	-5.86	71.42
EBIT Margin	8.28%	10.15%	-0.56%	8.95%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).