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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›MRDN

MRDN

Meridian Holdings Inc./NV

Next earnings Aug 4, 2026 · consensus $0.14 EPS, $53.5M rev

Last earnings +3.7% on 2026-04-28

Sell
$13.29
▲ +8.67%
$13.29▼ -35.61%
over 1Y
L $6.07EODHDH $22.08
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+8.7%
1W+0.6%
1M+26.9%
3M+82.8%
YTD+47.6%
1Y-35.6%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Sell
Quality
C-
Valuation
Fair value
Filings
Flagged
Sell
Conviction
Horizon
Medium (3–12mo)
Street · 8 analysts
Buy

Revenue grew 21.0% YoY; but unprofitable (net margin -50.3%).

Revenue (FY2025) $183M · FY2025

Meridian Holdings Inc./NV shows $183M in FY2025 revenue (+21.0% YoY), a -50.3% net margin, and -197.6% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$5.22M$36.0M$93.0M$151M$183M
Gross profit$3.22M$9.16M$68.2M$88.6M$103M
Operating income$399K$192K$13.8M$2.74M-$96.2M
Net income$398K$44.0K$13.7M-$1.41M-$92.0M
Diluted EPS$0.01-$0.01$0.16-$0.16-$7.76
Net margin7.6%0.1%14.7%-0.9%-50.3%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$167M
EV / EBITDA—
EV / Sales0.9
EV / FCF8.7
P / FCF8.8
PEG (trailing)—
Earnings yield-54.8%
FCF yield11.4%

Quality & risk

ROIC (est.)-119.2%
Free cash flow$19.2M
Total debt$17.2M
Net cash$906K
Altman Z-Score-0.33 distress
Piotroski F-Score5/9

Capital returns

Buyback yield1.8%
Dividend yield (est.)0.1%
Shareholder yield1.9%
Shares Δ YoY-90.4%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Red flag in recent filings — restated periodic report (2026-04-30). Worth a closer look.
  1. 10-K/A Restated periodic report2026-04-30
  2. 8-K Earnings results2026-04-28
  3. 10-Q Quarterly report2026-04-28
  4. 8-K Earnings results2026-03-31
  5. 10-K Annual report2026-03-31
  6. 8-K Other event2026-03-18
  7. 8-K Material event2026-03-03
  8. 8-K Reg FD disclosure2026-02-26
  9. 8-K Officer / director change2026-02-24

Recent filings

all on EDGAR ↗
4Period ending 2026-06-152026-06-24open ↗144Filing2026-06-23open ↗144Filing2026-06-23open ↗144Filing2026-06-22open ↗SCHEDULE 13D/AFiling2026-06-18open ↗144Filing2026-06-18open ↗144Filing2026-06-16open ↗144Filing2026-06-15open ↗4Period ending 2026-06-102026-06-12open ↗144Filing2026-06-12open ↗144Filing2026-06-11open ↗144Filing2026-06-11open ↗

Quality score

C-
ValueGrowthProfitHealthMom.
ValueA+
GrowthC-
ProfitabilityF
Financial healthC+
Momentum—
  • ✓Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
Revenue
$183M
+21.0% YoY
Net margin
-50.3%
ROE
-197.6%
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$183M+21.0%
Net income-$92.0M-6424.3%
Gross profit$103M+16.8%
Operating income-$96.2M-3605.1%
Diluted EPS-$7.76-4750.0%
Cash & equivalents$18.1M-40.0%
Total assets$118M-44.8%
Total liabilities$69.7M-33.4%
Stockholders' equity$46.5M-55.7%
Gross: 56.6%Op.: -52.6%L/E: 1.50x

Frequently asked

Is Meridian Holdings Inc./NV (MRDN) a buy?
MRDN currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Revenue grew 21.0% YoY; but unprofitable (net margin -50.3%).
What is Meridian Holdings Inc./NV's quality score?
MRDN scores 54.2156862745098/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001437925, latest 10-Q filed 2026-04-28) · EODHD · as of 6/26/2026, 8:00:01 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC

Last 90 days: 0 open-market buys · 15 sales

2026-06-23-05:00
Goodman Anthony Brian
Insider
Sell5.50K @ $13.73$75.5K
2026-06-22-05:00
Goodman Anthony Brian
Insider
Sell3.65K @ $13.76$50.2K
2026-06-18-05:00
Goodman Anthony Brian
Insider
Sell5.00K @ $13.70$68.5K
2026-06-16-05:00
Goodman Anthony Brian
Insider
Sell5.00K @ $14.05$70.3K
2026-06-15-05:00
Goodman Anthony Brian
Insider
Sell5.00K @ $14.33$71.7K
2026-06-12-05:00
Goodman Anthony Brian
10% owner
Sell10.0K @ $12.68$127K
2026-06-11-05:00
Goodman Anthony Brian
10% owner
Sell9.00K @ $13.02$117K
2026-06-10-05:00
Goodman Anthony Brian
10% owner
Sell7.00K @ $13.04$91.3K
2026-05-22-05:00
Goodman Anthony Brian
10% owner
Sell5.00K @ $10.33$51.6K
2026-05-22-05:00
Goodman Anthony Brian
10% owner
Sell5.00K @ $10.40$52.0K
2026-05-22-05:00
Goodman Anthony Brian
10% owner
Sell2.20K @ $10.38$22.8K
2026-05-04-05:00
Goodman Anthony Brian
10% owner
Sell10.0K @ $12.75$128K

Earnings history

beat/miss · move
2026-04-28Beat +1076.5% est▲ +3.74%8-K ↗
2026-03-31Beat +1076.5% est▼ -3.22%8-K ↗
2025-10-30Beat +139.2% est▲ +2.00%8-K ↗
2025-08-06Miss -488.2% est▼ -3.23%8-K ↗
2025-05-08—▼ -3.24%8-K ↗
2025-03-24—▲ +3.54%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Meridian Holdings Subsidiary Expanse Studios Signs Content Distribution Agreement with Flutter Subsidiary MaxBet for Serbian MarketBullish
globenewswire.com· 2026-06-02
Meridian Holdings Announces Dejan “Pet” Petković, Brazilian Football Legend, as Global Brand AmbassadorBullish
globenewswire.com· 2026-05-26
Expanse Studios Secures Colombia Market CertificationBullish
globenewswire.com· 2026-05-25
REPLAY: Fireside Chat with Meridian Holdings Interim CEO, CFO & Meridianbet CEOBullish
finance.yahoo.com· 2026-05-12
Fireside Chat with Meridian Holdings Interim CEO, CFO & Meridianbet CEO, May 12 at 12PM ETBullish
finance.yahoo.com· 2026-05-06
3 Stocks Estimated To Be Trading Below Intrinsic Value By Up To 35.4%Bullish
finance.yahoo.com· 2026-04-29

Vs tracked universe

compare →

1043 tracked peers · median

EDGAR Score54 vs 67
Revenue growth21.0% vs 7.1%
Net margin-50.3% vs 10.5%
Return on equity-197.6% vs 12.3%
P/E— vs 25.5

News sentiment

EODHD · 6d
Bullish
+0.16
vs typical · 7 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.