Miami International Holdings (MIAX) Research & Development (2024 - 2026)

Miami International Holdings (MIAX) reported Research & Development of $9.5 million for Q1 2026, up 25.64% on a YoY basis from $7.5 million in Q1 2025, and down 2.01% quarter-over-quarter from $9.7 million in Q4 2025.

Miami International Holdings (MIAX) Research & Development (2024 - 2026) Analysis & Trends

Miami International Holdings has reported Research & Development for 3 years, with the latest figure at $9.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 25.64% year-over-year to $9.5 million; the trailing twelve-month figure through Mar 2026 stood at $36.0 million (changed N/A YoY), and the FY2025 full-year result was $35.4 million, up 21.26% from the prior year.
  • Research & Development for Q1 2026 stood at $9.5 million, down from $9.7 million in the prior quarter.
  • The five-year high for Research & Development was $9.7 million in Q4 2025, with the low at $7.2 million in Q3 2024.
  • Historically, Research & Development has averaged $8.5 million across 3 years, with a median of $8.5 million in 2024.
  • The largest YoY upside for Research & Development was 28.14% in 2025 against a maximum downside of 25.28% in 2025.
  • Miami International Holdings' Research & Development 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 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - 1.15 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 583.00 Mn
4 Schwab Charles 160.31 Bn 115.33 Bn - -
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 241.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 23.47 Mn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 39.55 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -
10 Miami International Holdings 3.44 Bn 2.88 Bn 128.59 Mn 9.48 Mn

Historic Data

Download Data
DateValue
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