Miami International Holdings, Inc. income statement

In fiscal 2025, Miami International Holdings, Inc. reported revenue of $1.36bn, up 19.6% on the year before, operating income of $92.0m (a 6.7% margin) and net income of −$70.0m, or −$1.00 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Miami International Holdings, Inc.: income statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	1,041	1,140	1,364	1,503
Cost of revenue	809	864	934	978
Gross profit	232	276	431	525
Operating income	−3	−3	92	164
Interest expense	19	14	13	0
Provision for credit losses	7	3	0	6
Income before tax	−22	105	−69	224
Income tax	−1	3	1	−73
Net income	−21	102	−70	297
Diluted EPS	−$0.37	$1.39	−$1.00	$2.98
Diluted shares (average)	56m	75m	70m	99m
EBITDA	18	21	121	198

US$ millions unless shown otherwise. Fiscal quarters.

Miami International Holdings, Inc.: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	324	327	328	340	369	370	388	376
Cost of revenue	242	235	223	230	245	241	247	245
Gross profit	82	92	105	109	125	129	141	131
Operating income	7	22	27	−0	43	46	28	47
Interest expense	4	4	5	3	0	0	0	0
Provision for credit losses	0	—	—	—	0	0	0	6
Income before tax	3	−21	25	−103	31	100	29	64
Income tax	0	0	1	−1	1	−70	−15	12
Net income	3	−21	24	−102	30	170	44	52
Diluted EPS	$0.04	−$0.34	$0.30	−$1.46	$0.51	$1.56	$0.40	$0.47
EBITDA	13	28	34	8	51	54	37	57

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Miami International Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Miami International Holdings, Inc.