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NASDAQ · Technology

Meridian Holdings Inc. (MRDN)

Meridian Holdings Inc. brought in $190.2M of revenue over the twelve months to March 31, 2026, up 12.6% from a year earlier. It posted a net loss of $89.6M. Operating cash flow minus capital spending left $19.2M of free cash flow in fiscal 2025. At March 31, 2026 it held $16.2M in cash against $12.9M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 29, 2026.

Price
$13.36
+0.94% on the day · September 25, 2026
52-week range $5.80 to $16.09
Market cap
$169.3M
Revenue (last 12 months)
$190.2M
+12.6% year on year
Net margin
-47.1%

What Meridian Holdings Inc. does

Meridian Holdings Inc. is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker MRDN.

Revenue and profit by year

Revenue
FY19: $452.8K $452.8K FY19FY21: $5.2M $5.2M FY21FY21: $11.3M $11.3M FY21FY22: $36M $36M FY22FY23: $44.2M $44.2M FY23FY24: $93M $93M FY24FY24: $151.1M $151.1M FY24FY25: $182.9M $182.9M FY25
Net income
FY19: $1.8M $1.8M FY19FY21: $398.1K $398.1K FY21FY22: $44K $44K FY22FY23: -$1.2M -$1.2M FY23FY24: $13.7M $13.7M FY24FY24: -$1.4M -$1.4M FY24FY25: -$92M -$92M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$182.9M-$96.2M-$92M-$7.76$19.2M
2024$151.1M$2.7M-$1.4M-$0.16$16.8M
2024$93M$13.8M$13.7M$2.56$17.9M
2023$44.2M-$526.2K-$1.2M-$0.48$2.2M
2022$36M$192.5K$44K-$0.16$2.7M
2021$11.3Mn/an/an/an/a

Latest SEC filings

What Meridian Holdings Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 18, 2026
  2. August 14, 2026
  3. July 29, 2026
  4. July 29, 2026
  5. July 29, 2026
    Quarterly report 10-Q · period to June 30, 2026
  6. June 18, 2026
  7. April 30, 2026
    Annual report (amended) 10-K/A · period to December 31, 2025
  8. April 28, 2026
  9. April 28, 2026
    Quarterly report 10-Q · period to March 31, 2026
  10. March 31, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on August 19, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about MRDN

What does Meridian Holdings Inc. do?

Meridian Holdings Inc. is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker MRDN.

Is Meridian Holdings Inc. profitable?

No. Over the twelve months to March 31, 2026 it reported a net loss of $89.6M on revenue of $190.2M.

How much revenue does Meridian Holdings Inc. make?

Over the twelve months to March 31, 2026 Meridian Holdings Inc. reported revenue of $190.2M. That is 12.6% more than a year earlier.

When did Meridian Holdings Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on July 29, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the activist stake changed from September 18, 2026.

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Where the numbers come from

Financial figures are the values Meridian Holdings Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.