For the quarter ending 2026-03-31, MIAX had -$134,839K decrease in cash & cash equivalents over the period. -$52,977K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-09-30 |
|---|---|---|
| Net income / (loss) | - | -99,973 |
| Net income (loss) | 170,224 | - |
| Amortization of debt discount and issue cost | -2,970 | 2,973 |
| Settlement of interest payable in common stock | 61 | 0 |
| Depreciation and amortization | -13,249 | 21,337 |
| Share based compensation expense | -39,334 | 48,007 |
| Provision for accounts receivable credit losses | -225 | 103 |
| Provision for deferred income taxes | -71,091 | 83 |
| Provision for notes receivable credit losses | - | 0 |
| Impairment of long-lived assets | - | 2,717 |
| Settlement of induced conversion expense in common stock | - | 0 |
| Change in fair value of puttable common stock | -2,229 | 2,229 |
| Change in fair value of puttable warrants issued with debt | -1,172 | 1,172 |
| Unrealized gain on equity securities owned | -8,950 | 10,320 |
| Realized loss on sale of intangible assets | - | -2,054 |
| Proceeds from sale of pyth tokens | - | 16,239 |
| Unrealized loss on derivative assets | 36,498 | -39,039 |
| Loss on debt extinguishment | - | -107,656 |
| Non-cash warrant modification | - | 1,516 |
| Other | - | 821 |
| Gain on sale of business | 50,547 | - |
| Accounts receivable | 2,323 | 6,327 |
| Clearing house performance bonds and guarantee funds | -10,161 | 1,540 |
| Participant margin deposits | -83 | 83 |
| Receivables from broker-dealers, futures commission merchants, and clearing organizations | 39,632 | -23,862 |
| Other current assets | -312 | -354 |
| Other assets | 8,902 | -13,595 |
| Accounts payable and other liabilities | 33,241 | -19,017 |
| Accrued compensation payable | -18,483 | -2,438 |
| Other liabilities | -357 | -1,593 |
| Deferred transaction revenue | 140 | 806 |
| Payables to customers | 27,199 | -18,784 |
| Payables to clearing organizations | 6,058 | -2,001 |
| Net cash provided by operating activities | -59,971 | 120,845 |
| Capital expenditures | -6,994 | 18,673 |
| Capitalization of internally developed software | -6,768 | 9,363 |
| Purchase of investments | - | 0 |
| Proceeds from sale of business, net of cash and cash equivalents sold | -116,296 | 56,458 |
| Net cash provided by (used in) investing activities | 130,058 | -84,494 |
| Proceeds from issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions and offering costs | - | 368,977 |
| Payment of ipo costs | - | 2,346 |
| Proceeds from debt issuance, net of debt discount | - | 36,881 |
| Puttable warrants with debt | - | 0 |
| Payment of other debt issuance costs | - | 1,975 |
| Repayments of debt | - | 140,000 |
| Prepayment premium and other expenses paid related to debt repayment | - | 36,107 |
| Repayment of capital lease obligations | -67 | 103 |
| Repurchases of common stock from employee stock incentive plans | -8,548 | 21,833 |
| Proceeds from issuance of warrants with common stock and debt | - | 0 |
| Proceeds from issuance of common stock and convertible preferred stock | 12,238 | 8,192 |
| Net cash provided by (used in) financing activities | -204,577 | 211,686 |
| Effect of exchange rate changes on cash and cash equivalents | -349 | -84 |
| Increase in cash, cash equivalents, segregated cash, and restricted cash | -134,839 | 247,953 |
| Cash, cash equivalents, segregated cash and restricted cash at beginning of period | 524,351 | 276,398 |
| Cash, cash equivalents, segregated cash, and restricted cash at end of period | 670,698 | 524,351 |
MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX)
MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX)