Quarterly ResultMay 8, 2026, 08:31 AM
MIAX Q1 Net Income $170.2M, EPS $1.85; Sells 90% of MIAXdx
AI Summary
MIAMI INTERNATIONAL HOLDINGS, INC. reported a significant increase in net income for Q1 2026, reaching $170.2 million, a substantial improvement from a $21.4 million loss in Q1 2025. This turnaround was largely driven by a $50.5 million gain from the sale of 90% of its LedgerX LLC (MIAXdx) subsidiary. Total revenues also grew to $369.7 million, up from $327.1 million year-over-year, with strong growth in operating income and cash flow from operations.
Key Highlights
- Net income attributable to MIH was $170.2 million, up from a $21.4 million loss in Q1 2025.
- Basic EPS was $1.85, compared to $(0.34) in the prior year period.
- Total revenues increased to $369.7 million, a 13.0% rise from $327.1 million in Q1 2025.
- Recognized a $50.5 million gain from the sale of 90% of MIAXdx (formerly LedgerX LLC).
- Operating income more than doubled to $46.0 million from $22.3 million in Q1 2025.
- Net cash provided by operating activities grew to $60.9 million from $11.2 million.
- Options segment revenue was $305.5 million in Q1 2026, up from $234.5 million in Q1 2025.
- Total assets increased to $1.44 billion as of March 31, 2026, from $1.26 billion at year-end 2025.