Business
Miami International Holdings Reports Fourth Quarter and Full Year 2025 Financial Results
Miami International Holdings, Inc. (MIAX) (NYSE: MIAX), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced results for the fourth quarter and full year 2025.
About this update from Miami International Holdings, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Q4 Net revenue of $124.5 million (+52% YoY), GAAP diluted EPS of $0.27","length":70,"tagName":"p"}]},{"val":[{"type":"text","content":"Q4 Adjusted EBITDA of $62.2 million (+112% YoY), Adjusted diluted EPS of $0.52","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"FY 2025 Net revenue of $430.5 million (+56% YoY), GAAP diluted EPS of ($1.00)","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"FY 2025 Adjusted EBITDA of $199.1 million (+143% YoY), Adjusted diluted EPS of $1.82","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Establishes 2026 adjusted operating expense guidance","length":52,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":361,"olType":false},{"type":"text","content":"PRINCETON, N.J. and MIAMI, Feb. 25, 2026 /PRNewswire/ -- Miami International Holdings, Inc. (MIAX) (NYSE: MIAX), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced results for the fourth quarter and full year 2025.","length":291,"tagName":"p"},{"type":"image","alt":"MIAX Logo (PRNewsfoto/MIAX)","displaySize":"","headline":null,"caption":"MIAX Logo (PRNewsfoto/MIAX)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":156,"url":"https://media.zenfs.com/en/prnewswire.com/85aebe7ce2ae81213782e0cc2fd8e997"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jNR2E0YavwDYOSBHxUdB_Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/85aebe7ce2ae81213782e0cc2fd8e997","width":400,"height":156}},"href":"https://mma.prnewswire.com/media/2635716/MIAX_new_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We ended a milestone year with another exceptional quarter of progress," said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX. "Beyond our strong financial results and record volumes, 2025 was marked by a number of transformative strategic achievements including our successful IPO and secondary offering, the announcement of our strategic sale of 90% of MIAXdx, the launch of the MIAX Sapphire options trading floor in Miami, the launch of the MIAX Futures Onyx trading platform, and the completion of our acquisition of TISE."","length":567,"tagName":"p"},{"type":"text","co...