MIAMI INTERNATIONAL HOLDINGS, INC. — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Miami International Holdings reported Q2 2026 net revenue of $141.1M (+35% YoY), with adjusted EBITDA of $76.8M (+57% YoY) and adjusted EBITDA margin expanding 700 bps to 54%. Options segment drove growth with $124.4M revenue (+34% YoY) on 25.3% higher average daily volume (11.0M contracts). Company updated FY 2026 guidance: adjusted operating expenses $260–$270M (down from $265–$275M), share-based comp $29–$32M (up from $27–$30M). Cash position strong at $660.5M with only $1.5M debt.
Why this rating
Record revenue/EBITDA expansion is meaningful but ~10% of $1.4B asset base; strong cash, low debt offset by equities/futures losses, unfavorable litigation settlement ($30M).
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