Meridian Holdings Inc./NV
MRDN Nasdaq· Services-Prepackaged Software
Last close · Oct 23, 2026
$10.35
KIRA · Stoqly’s AI analyst, in plain words
- Meridian Holdings Inc./NV had $183M of revenue in fiscal 2025, up 21.0% on the year before.
- Its operating margin was −52.6%, down 54.4 pts: of every 100 in sales, about −53 is left after running the business.
- Meridian Holdings Inc./NV lost $92.0M in fiscal 2025.
- Free cash flow was $19.2M in fiscal 2025, 10.5% of revenue.
- Meridian Holdings Inc./NV returned $3.1M to shareholders in fiscal 2025, 16% of free cash flow. The diluted share count rose 22.5%.
- Meridian Holdings Inc./NV has $0.9M more cash than debt.
Market cap
$132M
P/E
—
Revenue
$183M
Net income
−$92.0M
Free cash flow
$19.2M
Operating margin
−52.6%
Meridian Holdings Inc./NV in 30 seconds · fiscal 2025
Are sales growing?
+21.0%
Yes. Sales grew 21.0% last year.
Does it make a profit?
−50.3%
No. It lost money last year.
Does profit turn into cash?
10.5%
Yes. 10.5% of sales ends up as free cash.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Meridian Holdings Inc./NV does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Legal name
- Meridian Holdings Inc./NV
- CIK
- 0001437925
Meridian Holdings Inc./NV · MRDN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | — | $36.0M | $44.2M | $151M | $183M |
| Revenue growth | — | — | 22.6% | 242.1% | 21.0% |
| Net interest income | — | $0.0M | — | — | — |
| Gross margin | — | 25.4% | 22.3% | 58.6% | 56.6% |
| Operating margin | — | 0.5% | −1.2% | 1.8% | −52.6% |
| Net income | — | $0.0M | −$1.2M | −$1.4M | −$92.0M |
| Net margin | — | 0.1% | −2.7% | −0.9% | −50.3% |
| Diluted EPS | — | −$0.01 | −$0.03 | −$0.16 | −$7.76 |
| Cash | |||||
| Cash from operations | — | $2.8M | $2.2M | $23.9M | $25.4M |
| Capital expenditure | — | $0.0M | $0.0M | $7.2M | $6.2M |
| Free cash flow | — | $2.7M | $2.2M | $16.8M | $19.2M |
| FCF margin | — | 7.6% | 5.0% | 11.1% | 10.5% |
| Dividends paid | — | — | — | $0.8M | $0.1M |
| Share buybacks | — | $0.0M | $0.0M | — | $3.0M |
| Share count change | — | — | 26.3% | −73.3% | 22.5% |
| Debt and strength | |||||
| Cash and short-term investments | $16.8M | $14.9M | $20.4M | $30.1M | $18.1M |
| Debt incl. finance leases | — | — | $0.0M | $31.2M | $17.2M |
| Shareholders' equity | $18.9M | $29.8M | $59.0M | $105M | $46.5M |
| Net debt / EBITDA | — | — | — | 0.3x | — |
| Current ratio | 14.9x | 7.1x | 1.5x | 0.7x | 0.6x |
| Interest coverage | — | — | −42.4x | 0.8x | −21.0x |
| Returns and quality | |||||
| Return on capital | — | — | −1.1% | 1.7% | −166.5% |
| Return on equity | — | 0.2% | −2.6% | −1.7% | −121.3% |
| Return on tangible equity | — | −1.5% | −2.7% | — | −773.0% |
| Piotroski F-score | — | — | 2 | 6 | 4 |
| Altman Z'' | — | 12.2 | 6.3 | 1.4 | −7.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.7M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Meridian Holdings Inc./NV · MRDN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $10.35 a share, the company is worth $132M.
Source: SEC EDGAR XBRL filings (CIK 0001437925). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.