Flagship explainer
How Miami International Holdings, Inc. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $1.4B | 100% |
| |
| Cost of revenue | $934M | 68% |
|
| $431M | 32% |
| |
| $92M | 7% |
| |
| Income before tax | −$68.6M | −5% |
|
| Income tax | $1.4M | 0% |
|
| −$70M | −5% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001438472-26-000023