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Miami International Holdings Inc (MIAX) Q4 2025 Earnings Call Highlights: Record Revenue Growth ... [Yahoo! Finance]

Miami International Holdings, Inc. (MIAX) 
Company Research Source: Yahoo! Finance
This article first appeared on GuruFocus Release Date: February 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript Positive Points Miami International Holdings Inc ( NYSE:MIAX ) reported a 52% year-over-year increase in total net revenue for Q4 2025, reaching $125 million. Adjusted EBITDA more than doubled year-over-year to $62 million, with an improved margin of 50%. The company's market share in multi-listed options grew to a record 18.2% in Q4, up from 15.9% in the prior year. MIAX completed a successful secondary public offering, enhancing liquidity and marking a milestone in its evolution as a public company. The strategic sale of 90% of MX Derivatives Exchange to Robinhood Markets and Susquehanna International Group provides expedited access to growing prediction markets. Negative Points The launch of Bloomberg Index futures products was delayed from February to the second quarter of 2026 to ensure re Show less Read more
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