Meridian Holdings Inc. (MRDN)

NASDAQ: MRDN · Real-Time Price · USD

13.26

+1.18 (9.77%)

At close: Jul 24, 2026, 4:00 PM EDT

13.00

-0.26 (-1.96%)

After-hours: Jul 24, 2026, 7:34 PM EDT

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 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022
Revenue	190.24	182.86	151.12	92.99	44.17	36.03
Revenue Growth	12.58%	21.01%	62.50%	110.52%	22.59%	589.92%
Gross Profit	107.4	103.46	88.57	68.24	9.87	9.16
Operating Income	-92.91	-96.17	2.74	13.76	-0.53	0.19
Net Income	-87.41	-89.9	-1.48	13.7	-1.17	-0.25
Earnings Per Share	-7.27	-7.76	-0.16	1.92	-0.36	-0.12
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	FY 2024
Period Ending	Dec '24 Dec 31, 2024
Meridianbet Group	106.23
Gmag	12.48
Rkings & Cfac	32.4
Total	151.12

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022
Cash & Investments	16.23	18.08	30.13	20.41	17.15	15
Total Debt	18.89	23.39	39.23	4.1	0.06	0.15
Net Cash (Debt)	-2.65	-5.31	-9.1	16.31	17.09	14.85
Net Cash Growth	-	-	-	-4.58%	15.13%	-10.44%
Net Cash Per Share	-0.22	-0.46	-0.96	2.34	5.79	6.35

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022
Operating Cash Flow	22.77	25.36	23.92	23.69	2.21	2.77
Capital Expenditures	-5.04	-6.18	-7.16	-5.74	-0.01	-0.26
Free Cash Flow	17.73	19.17	16.75	17.95	2.19	2.51
Free Cash Flow Growth	-22.45%	14.46%	-6.65%	717.96%	-12.76%	33.90%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022
Gross Margin	56.46%	56.58%	58.61%	73.38%	22.34%	25.43%
Operating Margin	-48.84%	-52.59%	1.82%	14.80%	-1.19%	0.53%
Pretax Margin	-49.27%	-53.15%	0.80%	16.63%	-1.11%	1.29%
Profit Margin	-47.07%	-50.30%	-0.93%	14.94%	-2.65%	0.12%
FCF Margin	9.32%	10.49%	11.09%	19.30%	4.97%	6.98%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Jul '26 Jul 25, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022
PE Ratio	-	-	-	15.06	-	-
Forward PE	19.60	60.06	-	-	-	-
P/FCF Ratio	9.48	6.34	15.28	11.21	41.87	28.02
PS Ratio	0.88	0.66	1.69	2.16	2.08	1.96