Stocks Technology MRDN
NASDAQ · TechnologyMeridian 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.
Key facts about Meridian Holdings Inc.
- Net worth
- Meridian Holdings Inc. has a market value (market cap) of $103.9M at the latest share price, and shareholders' equity of $48.7M on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $182.9M (+21.0% year on year), with a net loss of $92M. Over the 12 months to March 31, 2026: revenue $190.2M, net loss $89.6M.
- Cash flow
- In fiscal 2025 operations brought in $25.4M of cash; after $6.2M of capital spending, free cash flow was $19.2M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 29, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Meridian Holdings Inc.'s next report was expected around October 29, 2026 and is not on file with the SEC yet.
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
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $182.9M | -$92M | -$7.76 | $19.2M |
| 2024 | $151.1M | -$1.4M | -$0.16 | $16.8M |
| 2024 | $93M | $13.7M | $2.56 | $17.9M |
| 2023 | $44.2M | -$1.2M | -$0.48 | $2.2M |
| 2022 | $36M | $44K | -$0.16 | $2.7M |
| 2021 | $11.3M | n/a | n/a | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MRDN ranks in Technology
Dividends
It paid out $144.8K in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $144.8K | n/a |
| 2024 | n/a | $769.5K | n/a |
| 2024 | n/a | $1.8M | 13% |
Latest SEC filings
What Meridian Holdings Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 2, 2026
- October 2, 2026Additional proxy material DEFA14A
- October 2, 2026Proxy statement DEF 14A
- October 2, 2026Executive or director change8-KMeridian Holdings restructured its acquisition payment terms to defer debt and eliminate interest, while appointing a new accounting officer and reducing executive compensation.
- September 29, 2026Other event 8-K
- September 18, 2026Activist stake changed SCHEDULE 13D/A
- August 14, 2026Activist stake changed SCHEDULE 13D/A
- July 29, 2026
- July 29, 2026
- July 29, 2026Quarterly report 10-Q · period to June 30, 2026
What is MRDN worth? A DCF from its reported cash flow
Insider trades
What the people running Meridian Holdings Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| June 23, 2026 | Goodman Anthony BrianFormer Director and CEO | Sold | 5,500 | $75.5K |
| June 22, 2026 | Goodman Anthony BrianFormer Director and CEO | Sold | 3,650 | $50.2K |
| June 18, 2026 | Goodman Anthony BrianFormer Director and CEO | Sold | 5,000 | $68.5K |
| June 16, 2026 | Goodman Anthony BrianFormer Director and CEO | Sold | 5,000 | $70.3K |
| June 15, 2026 | Goodman Anthony BrianFormer Director and CEO | Sold | 5,000 | $71.7K |
| June 12, 2026 | Goodman Anthony Brian10% owner | Sold | 10,000 | $126.8K |
| June 11, 2026 | Goodman Anthony Brian10% owner | Sold | 9,000 | $117.2K |
| June 10, 2026 | Goodman Anthony Brian10% owner | Sold | 7,000 | $91.3K |
Who owns MRDN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Aleksandar Milovanovic13D, may seek influence with 2 related filers | 61.1% | June 2, 2025 |
| Anthony Brian Goodman13D, may seek influence with 1 related filers | 5.51% | September 18, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 39 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Topline Capital Management, LLC | 186,440 | +46,174 |
| Diametric Capital, LP | 123,207 | new |
| Aqr Capital Management LLC | 47,926 | new |
| Vanguard Capital Management LLC | 43,755 | +17,452 |
| Geode Capital Management, LLC | 42,075 | -28,691 |
| Great Lakes Advisors, LLC | 31,085 | new |
| Goldman Sachs Group Inc | 29,336 | new |
| BlackRock, Inc. | 27,170 | -68,073 |
| Morgan Stanley | 22,480 | +18,079 |
| Vanguard Fiduciary Trust Co | 17,367 | +2,032 |
| UBS Group AG | 16,894 | +2,427 |
| Jane Street Group, LLC | 16,562 | new |
| Jpmorgan Chase & Co | 11,181 | +10,432 |
| Arrowstreet Capital, Limited Partnership | 10,290 | new |
| Bnp Paribas Financial Markets | 8,660 | +8,276 |
| Fmr LLC | 6,227 | +347 |
| Continuum Advisory, LLC | 5,000 | new |
| Persistent Asset Partners Ltd | 4,201 | new |
| Russell Investments Group, Ltd. | 2,666 | -118 |
| Tower Research Capital LLC (TRC) | 1,969 | +542 |
Insiders
5 insiders reported holding 94,395,407 shares in total, about $774M at the last price.
| Holder | Shares |
|---|---|
| Milovanovic Aleksandar10% owner | 93,328,294 |
| Goodman Anthony Brian10% owner | 429,313 |
| Bozovic SnezanaDirector | 382,803 |
| Feng WeitingFormer Chief Operating Officer | 237,810 |
| Christensen RichardCFO | 17,187 |
Questions about MRDN
What does Meridian Holdings Inc. do?
Meridian Holdings Inc. is a company in the Technology sector, listed on NASDAQ as MRDN. Its shares trade on NASDAQ under the ticker MRDN.
What is Meridian Holdings Inc.'s net worth?
Meridian Holdings Inc. has a market value (market cap) of $103.9M at the latest share price, and shareholders' equity of $48.7M on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
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 new insider holdings from October 5, 2026.
When is Meridian Holdings Inc.'s next earnings report?
Meridian Holdings Inc.'s next report was expected around October 29, 2026 and is not on file with the SEC yet.
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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.