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| 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 |