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MRDN Financials Meridian Holdings Inc./NV

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 143.2% per year over the past 5 years.
  • Operating margin has contracted, at -52.6% in the latest year.
  • Free cash flow has grown 91.4% per year over the past 5 years.

Financial health

  • The company holds more cash ($18M) than total debt ($17M).
  • Operating income covered interest expense -21.0× in the latest year, down from 34× 5 years ago.

Shareholder returns

  • Dividends have been paid for 3 consecutive years, consuming 0.8% of free cash flow.
  • The dividend has declined 71.6% per year over the past 5 years.
Revenue & net income
-$92M $45M $183M $0 2014 2015 2016 2018 2021 2022 2023 2025
RevenueNet income
Margins (gross / operating / net)
-50031% -24265% 1501% 0% 2014 2015 2016 2018 2021 2022 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$3M $8M $19M $0 2014 2015 2016 2018 2021 2022 2023 2025
Free cash flow
Cash vs total debt
$0 $16M $31M 2014 2015 2016 2018 2021 2022 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$37M -$5M $28M $0 2014 2015 2016 2018 2021 2022 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $183M -$92M 56.6% -52.6% $19M $17M $18M
2024 $151M -$1M 58.6% 1.8% $17M $31M $30M
2023 $93M $14M 73.4% 14.8% $18M $0 $20M
2023 $44M -$1M 22.3% -1.2% $2M — $17M
2022 $36M $44028 25.4% 0.5% $3M — $15M
2021 $11M — 37.9% 0.0% — — $17M
2021 $5M $398080 61.7% 7.6% — — $12M
2019 $452771 $2M 631.7% 400.3% — — $2M
2018 $0 -$1M — — — — —
2017 $120000 $2M 58.3% -208.7% — — —
2016 $20000 -$10M 100.0% -25981.8% — — —
2015 — -$3M — — — — —
2015 — -$18M — — — — —
2015 — -$17M — — -$3M — —
2014 — -$16M — — -$2M — —

Valuation over time

How the market has priced MRDN against its own fundamentals since 2026-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 0.4 0.9 Mar '26 Apr '26 May '26 Jun '26
P/S
Dividend yield (%)
0.0 0.1 0.2 Mar '26 Apr '26 May '26 Jun '26
Dividend yield %

Frequently asked questions

Is MRDN growing its revenue and profit?

Over the past 5 years, Meridian Holdings Inc./NV's revenue has grown 143.2% per year. These are computed facts, not advice.

How much debt does MRDN have?

As of FY2025, Meridian Holdings Inc./NV reported $17M of total debt against $18M of cash; operating income covered interest expense -21.0×.

What is MRDN's profit margin?

In FY2025, gross margin was 56.6%, operating margin -52.6%, and net margin -50.3%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.