Meridian Holdings Inc. (MRDN)

NASDAQ: MRDN · Real-Time Price · USD

9.17

-0.89 (-8.85%)

At close: Nov 5, 2026, 4:00 PM EST

9.31

+0.14 (1.53%)

After-hours: Nov 5, 2026, 4:10 PM EST

Meridian Holdings Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	197.19	182.86	151.12	92.99	74.93	60.37
Revenue Growth	14.10%	21.01%	62.50%	24.11%	24.12%	-
Gross Profit	109.88	103.46	88.57	68.24	55.52	45.75
Operating Income	3.66	-4.35	2.74	13.76	15.97	14.3
Net Income	-81.66	-89.9	-1.48	13.7	15.78	12.87
Earnings Per Share	-6.64	-7.76	-0.16	1.92	-	-
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Gmag	14.51
Meridianbet Group	124.56
Rkings & Cfac	43.8
Total	182.86

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	17.67	18.43	30.46	20.42	13.12	9.57
Total Debt	16.36	23.39	39.35	4.15	4.64	5.07
Net Cash (Debt)	1.3	-4.96	-8.89	16.26	8.48	4.5
Net Cash Growth	-	-	-	91.82%	88.41%	-
Net Cash Per Share	0.11	-0.43	-0.94	2.34	-	-

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	28.2	25.36	23.92	23.69	23.14	21.16
Capital Expenditures	-3.63	-6.18	-7.16	-5.74	-6.81	-7.88
Free Cash Flow	24.56	19.17	16.75	17.95	16.34	13.28
Free Cash Flow Growth	10.32%	14.46%	-6.65%	9.85%	22.98%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	55.72%	56.58%	58.61%	73.39%	74.09%	75.79%
Operating Margin	1.85%	-2.38%	1.82%	14.80%	21.32%	23.69%
Pretax Margin	-44.58%	-53.15%	0.80%	16.63%	22.81%	23.46%
Profit Margin	-41.41%	-49.16%	-0.98%	14.74%	21.07%	21.32%
FCF Margin	12.46%	10.48%	11.09%	19.30%	21.80%	22.00%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	10.96	60.06	-	-	-	-
P/FCF Ratio	4.72	5.90	15.28	-	-	-
PS Ratio	0.59	0.62	1.69	-	-	-