Meridian Holdings Inc. (MRDN)

Meridian Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Oct 31, 2023	Oct 31, 2022
Revenue	182.86	151.12	92.99	44.17	36.03
Revenue Growth (YoY)	21.01%	62.50%	110.52%	22.59%	-
Cost of Revenue	79.41	62.54	24.75	34.31	26.87
Gross Profit	103.46	88.57	68.24	9.87	9.16
Selling, General & Admin	199.63	85.83	54.48	10.4	8.97
Total Operating Expenses	199.63	85.83	54.48	10.4	8.97
Operating Income	-96.17	2.74	13.76	-0.53	0.19
Interest Income	0.24	0.22	0.1	0.06	0.01
Interest Expense	-4.58	-3.52	-0.04	-0.01	-
Other Non-Operating Income (Expense)	3.32	1.77	1.64	-0.01	0.26
Total Non-Operating Income (Expense)	-1.02	-1.54	1.71	0.04	0.27
Pretax Income	-97.19	1.21	15.47	-0.49	0.46
Provision for Income Taxes	-5.21	2.62	1.57	0.68	0.42
Net Income	-89.9	-1.48	13.7	-1.17	-0.25
Minority Interest in Earnings	2.08	-0.07	-0.19	-	-0.29
Net Income to Common	-89.9	-1.48	13.7	-1.17	-0.25
Shares Outstanding (Basic)	12	9	7	3	2
Shares Outstanding (Diluted)	12	9	7	3	2
Shares Change (YoY)	22.52%	35.98%	135.67%	26.31%	-
EPS (Basic)	-7.76	-0.16	1.92	-0.36	-0.12
EPS (Diluted)	-7.76	-0.16	1.92	-0.36	-0.12
Shares Outstanding	12.64	10.77	6.96	3.01	2.35
Free Cash Flow	19.17	16.75	17.95	2.19	2.51
Free Cash Flow Growth	14.46%	-6.65%	717.96%	-12.76%	-6.79%
Free Cash Flow Per Share	1.65	1.77	2.58	0.74	1.08
Gross Margin	56.58%	58.61%	73.38%	22.34%	25.43%
Operating Margin	-52.59%	1.82%	14.80%	-1.19%	0.53%
Profit Margin	-50.30%	-0.93%	14.94%	-2.65%	0.12%
FCF Margin	10.49%	11.09%	19.30%	4.97%	6.98%
EBITDA	-81.02	13.53	19.18	-0.04	0.6
EBITDA Margin	-44.31%	8.96%	20.62%	-0.10%	1.66%
EBIT	-96.17	2.74	13.76	-0.53	0.19
EBIT Margin	-52.59%	1.82%	14.80%	-1.19%	0.53%
Effective Tax Rate	5.36%	216.66%	10.16%	-139.61%	90.49%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.