Miami International Holdings (MIAX) Research & Development (2024 - 2026)
Miami International Holdings' (MIAX) quarterly Research & Development came in at $9.5 million in Q1 2026, up 25.64% YoY from $7.5 million in Q1 2025, and down 2.01% on a QoQ basis from $9.7 million in Q4 2025.
Miami International Holdings (MIAX) Research & Development (2024 - 2026) Analysis & Trends
Miami International Holdings (MIAX) has 3 years of Research & Development data on file, last reported at $9.5 million in Q1 2026.
- Quarterly Research & Development rose 25.64% year-over-year to $9.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $36.0 million (changed N/A YoY) and the FY2025 annual result came in at $35.4 million, up 21.26% from the prior year.
- Research & Development slipped to $9.5 million in Q1 2026, from $9.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $9.7 million in Q4 2025 to a low of $7.2 million in Q3 2024.
- A 3-year average of $8.5 million and a median of $8.5 million in 2024 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 28.14% in 2025, down 25.28% in 2025.
- Tracing MIAX's Research & Development over 3 years: stood at $7.7 million in 2024, then advanced by 25.28% to $9.7 million in 2025, then dropped by 2.01% to $9.5 million in 2026.
- The last three Research & Development figures came in at $9.5 million (Q1 2026), $9.7 million (Q4 2025), and $9.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 1.20 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 635.00 Mn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -65.09 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 256.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | - |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 26.20 Mn |
| 10 | Miami International Holdings | 4.29 Bn | 3.74 Bn | 128.59 Mn | 9.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.48 Mn |
| Dec 31, 2025 | 9.68 Mn |
| Sep 30, 2025 | 9.29 Mn |
| Mar 31, 2025 | 7.55 Mn |
| Dec 31, 2024 | 7.73 Mn |
| Sep 30, 2024 | 7.25 Mn |