Miami International Holdings (MIAX) Cost of Revenue (2024 - 2026)

Miami International Holdings (MIAX) has 3 years of Cost of Revenue data on file, last reported at $1.3 million in Q1 2026.

• Quarterly Cost of Revenue fell 99.45% year-over-year to $1.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$216.7 million (changed N/A YoY) and the FY2025 annual result came in at $5.2 million, down 99.4% from the prior year.
• Cost of Revenue rose to $1.3 million in Q1 2026, from -$683.5 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $242.2 million in Q4 2024 to a low of -$683.5 million in Q4 2025.
• A 3-year average of $38.8 million and a median of $218.7 million in 2024 frame the typical range for Cost of Revenue.
• The widest YoY moves for Cost of Revenue: up 11.2% in 2025, down 382.2% in 2025.
• Tracing MIAX's Cost of Revenue over 3 years: stood at $242.2 million in 2024, then sank by 382.2% to -$683.5 million in 2025, then surged by 100.19% to $1.3 million in 2026.
• The last three Cost of Revenue figures came in at $1.3 million (Q1 2026), -$683.5 million (Q4 2025), and $230.3 million (Q3 2025), per Business Quant data.