For the quarter ending 2025-09-30, MIAX had $247,953K increase in cash & cash equivalents over the period. $102,172K in free cash flow.
| Cash Flow | 2025-09-30 |
|---|---|
| Net income / (loss) | -99,973 |
| Amortization of debt discount and issue cost | 2,973 |
| Settlement of interest payable in common stock | 0 |
| Depreciation and amortization | 21,337 |
| Share based compensation expense | 48,007 |
| Provision for accounts receivable credit losses | 103 |
| Provision for deferred income taxes | 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 |
| Change in fair value of puttable warrants issued with debt | 1,172 |
| Unrealized (gain) loss on equity securities owned | 10,320 |
| Realized loss on sale of intangible assets | -2,054 |
| Proceeds from sale of pyth tokens | 16,239 |
| Unrealized (gain) loss on derivative assets | -39,039 |
| Loss on debt extinguishment | -107,656 |
| Non-cash warrant modification | 1,516 |
| Other | 821 |
| Accounts receivable | 6,327 |
| Clearing house performance bonds and guarantee funds | 1,540 |
| Participant margin deposits | 83 |
| Receivables from broker-dealers, futures commission merchants, and clearing organizations | -23,862 |
| Other current assets | -354 |
| Other assets | -13,595 |
| Accounts payable and other liabilities | -19,017 |
| Accrued compensation payable | -2,438 |
| Other liabilities | -1,593 |
| Deferred transaction revenue | 806 |
| Payables to customers | -18,784 |
| Payables to clearing organizations | -2,001 |
| Net cash provided by operating activities | 120,845 |
| Capital expenditures | 18,673 |
| Capitalization of internally developed software | 9,363 |
| Purchase of investments | 0 |
| Cash paid for acquisitions, net of cash acquired | 56,458 |
| Net cash used in investing activities | -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 |
| Repayments of capital lease obligations | 103 |
| Repurchases of common stock from employee stock incentive plans | 21,833 |
| Proceeds from issuance of warrants with common stock and debt | 0 |
| Proceeds from issuance of common stock and convertible preferred stock | 8,192 |
| Net cash provided by financing activities | 211,686 |
| Effect of exchange rate changes on cash and cash equivalents | -84 |
| Increase in cash, cash equivalents, segregated cash, and restricted cash | 247,953 |
| Cash and cash equivalents at beginning of period | 276,398 |
| Cash and cash equivalents at end of period | 524,351 |
MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX)
MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX)