MIAXMIAMI INTERNATIONAL HOLDINGS, INC.
Security Brokers, Dealers & Flotation Companies
- Revenue
- $1.4B
- 20% YoY
- Operating margin
- 6.7%
- 2821% YoY
- EBITDA
- $121M
- 491% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -5.4×
- −$659M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowClear13% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear4% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.4B | 20% |
| Operating income | −$3M | −$3M | $92M | 3356% |
| Net income | −$21M | $102M | −$70M | 169% |
| Operating cash flow | −$49M | $111M | $168M | 51% |
| Capex | $16M | $27M | $23M | 15% |
| Stock-based comp | $30M | $44M | $58M | 32% |
| Buybacks | $3M | $12M | $22M | 76% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $9M · 10
- Net
- −$9M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $21M | $35M | 144 | 97 |