Saturday 17 October 2026 Export MRDN’s income statement to Excel — free account

Meridian Holdings, Inc.

In the quarter to June 2026, revenue grew 16.1%, EPS grew 147.2%, free cash flow grew 260.3% and total debt fell 54.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

11.09 0.27 −2.38%

Follow MRDN

Alert me

Market cap: $144.1M
P/E: 0.0×
Fwd P/E: 18.3×
Dividend yield: —
F-score: 4/9
Altman Z: −0.82
Beneish M: −7.41
Dividend safety: 45/100

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.05

Total sells 1.86

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	3	—	—	—	—	—	—	—	—	—	—	—
Sell	1	2	—	—	4	3	2	2	—	—	—	—

Insider Ownership 78.05%

Capital & Financial Ratios $m

Market Cap 144.07

Revenue 197.19

Net Income (83.86)

Free Cash Flow 20.90

Net Debt (7.10)

Current Ratio 0.59

Debt/Equity 0.20

P/E ratio 0.00

Fwd P/E 18.30

P/S ratio 0.71

P/B ratio 2.74

Past 5Y EPS Growth —

This Y EPS Growth 109.41%

Next Y EPS Growth 57.53%

Next Y revenue growth 12.05%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 6.13%

10-year low 10-year high

P/B against its own 10 years 24.17%

10-year low 10-year high

EV/Sales against its own 10 years 5.46%

10-year low 10-year high

EV/FCF against its own 10 years 3.34%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	17	30	18	17
Receivables	4	7	9	9
Inventory	2	4	6	5
Other	2	3	2	3
	23	45	35	35

	2023	2024	2025	Q'26
Payables	3	13	21	24
ST’ Debt	—	17	11	10
Other	1	26	19	18
	4	64	60	60

Compound Annual Growth %

	10y	5y	3y
Sales	69.84%	81.31%	60.57%
Cash Flow	55.71%	81.96%	125.67%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	20.63%	15.83%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	50	50	—	—	—
’25	43	43	47	50	183
’24	25	39	41	59	151
’23	—	—	—	61	93
’23	—	23	22	—	44
’22	—	—	—	—	36
’21	—	—	—	—	9

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	5	8	—	—	—
’25	8	2	7	8	25
’24	4	3	5	17	24
’23	—	—	—	23	24
’23	—	10	15	—	2
’22	—	—	—	—	3
’21	—	—	—	—	1

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	4	6	—	—	—
’25	4	(4)	4	7	12
’24	2	(2)	(3)	8	2
’23	—	—	—	10	11
’23	—	4	7	—	2
’22	—	—	—	—	2
’21	—	—	—	—	1

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.18	0.17	—	—	—
’25	(0.02)	(0.36)	0.00	(7.09)	(7.76)
’24	0.57	0.00	(0.36)	(0.24)	(0.12)
’23	—	—	—	1.94	2.00
’23	—	0.53	0.51	—	(0.40)
’22	—	—	—	—	0.02
’21	—	—	—	—	0.24

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	270.00	1.80	1.80	1.80	1.80	48.00	22.68	23.40	22.68	8.44	Analyst estimates 2026–2028 Powerpack
	High	6,075,000.00	270.00	5.40	12.60	93.00	168.60	128.64	53.57	75.24	31.20
People
People	Employees	—	—	—	—	2	17	30	31	1,200	1,200
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.00	0.55	1.20	0.00	0.13	0.15
Income, $m
Income, $m	Revenue	0	0	1	3	4	9	36	93	151	183
	Gross margin, %	0.00	58.33	92.14	99.24	96.75	35.17	25.43	73.38	58.61	56.58
	EBT	(10)	2	(1)	2	2	1	0	15	1	(97)
	EBT margin, %	(50,031.00)	1,500.92	(143.96)	61.41	54.97	6.94	1.29	16.63	0.80	(53.15)
	Net income	(10)	2	(1)	2	2	1	0	14	(1)	(92)
	Depreciation	5	0	0	0	0	0	0	5	11	15
Per share, $
Per share, $	Revenue	13.33	0.36	0.12	1.84	0.19	4.69	15.43	13.37	15.98	15.78
	Earnings	(6,761.24)	6.00	(0.17)	1.13	0.07	0.33	0.02	2.00	(0.12)	(7.76)
	Cash flow	0.87	(0.05)	0.04	0.93	0.05	0.64	1.19	3.41	2.53	2.19
	Capex	0.00	0.00	0.00	0.00	0.00	(0.06)	(0.16)	(1.88)	(2.32)	(1.18)
	Free cash flow	0.87	(0.05)	0.04	0.93	0.05	0.58	1.02	1.52	0.20	1.01
	Book value	(2,654.27)	(4.62)	(0.17)	0.66	0.13	9.51	12.76	8.63	11.52	4.17
	Shares, m	0	0	8	2	19	2	2	7	9	12
Valuation, ×
Valuation, ×	P/E	0.00	0.55	0.00	2,571.43	312.31	257.12	42.34	140.80	0.00	0.00
	P/S	0.00	334.71	393.59	5.92	27.88	233.39	23.35	2.13	1.37	0.61
	P/B	0.00	0.00	0.00	16.52	19.76	115.08	28.23	3.35	2.06	2.30
	EV/Sales	0.00	334.40	393.04	5.68	26.72	231.61	22.93	1.91	1.38	0.60
	EV/FCF	(100.37)	(1,114.67)	1,708.69	19.33	61.61	1,700.68	345.33	10.05	41.57	9.43
Cash, $m
Cash, $m	Operating cash flow	0	0	0	1	1	1	3	24	24	25
	Capex	—	—	—	—	—	0	0	(13)	(22)	(14)
	Free cash flow	0	0	0	1	1	1	2	11	2	12
Balance, $m
Balance, $m	Working capital	(4)	(2)	(1)	1	2	19	17	9	(18)	(24)
	Total debt	2	1	1	1	0	0	0	—	32	17
	Net debt	2	1	0	(1)	(2)	(17)	(15)	(20)	2	(1)
	Shareholders’ equity	(4)	(2)	(1)	1	2	19	30	60	109	48
Returns, %
Returns, %	ROA	(81,351.22)	2,053.71	(160.80)	92.54	52.16	3.78	(0.94)	23.74	(1.01)	(54.19)
	ROIC	0.00	0.00	0.00	337.31	0.00	19.96	0.80	21.73	1.55	(126.72)
	ROE	251.32	(117.25)	98.29	(1,149.29)	78.18	4.03	(1.03)	30.09	(1.75)	(114.31)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BRSL Brightstar Lottery	$1.8B	7.3×	16.1×	−7.45% (below 0%: shrinking)	n/m	−719.07% (below 0%: shrinking)	46.92%	19.69%	Compare
ACEL Accel Entertainment, Inc.	$898.0M	15.8×	16.9×	+9.59% (above 0%: growing)	+66.67% (above 0%: growing)	+266.72% (above 0%: growing)	31.30%	8.71%	Compare
CDRO Codere Online Luxembourg, S.A.	$437.9M	— (loss-making)	—	+232.74% (above 0%: growing)	+94.12% (above 0%: growing)	+7,111.62% (above 0%: growing)	47.71%	0.00%	Compare
MRDN Meridian Holdings, Inc.	$144.1M	— (loss-making)	18.3×	+16.07% (above 0%: growing)	n/m	+260.25% (above 0%: growing)	53.50%	4.86%
INSE Inspired Entertainment, Inc.	$89.4M	— (loss-making)	17.5×	−24.28% (below 0%: shrinking)	n/m	−193.33% (below 0%: shrinking)	79.93%	16.28%	Compare
ROLR HIGH ROLLER TEC	$53.5M	15.0×	—	−51.58% (below 0%: shrinking)	n/m	−316.65% (below 0%: shrinking)	57.64%	(87.97%)	Compare
GRSD Grandstand Limited	$47.7M	— (loss-making)	17.2×	−4.62% (below 0%: shrinking)	n/m	−95.77% (below 0%: shrinking)	84.29%	(3.10%)	Compare
BRAG Bragg Gaming Group Inc.	$37.9M	— (loss-making)	— (loss-making)	−10.09% (below 0%: shrinking)	n/m	+160.34% (above 0%: growing)	51.72%	(8.48%)	Compare
SEGG Sports Entertainment Gaming Global Corporation	$5.1M	— (loss-making)	— (loss-making)	+436.64% (above 0%: growing)	n/m	−992.76% (below 0%: shrinking)	27.60%	(430.70%)	Compare
Median of peers	$71.4M	15.0×	17.0×	−6.03%	—	−144.55%	49.72%	(1.55%)

All 16 Gambling stocks →

Meridian Holdings, Inc. (MRDN) key facts

Meridian Holdings, Inc. (MRDN) is a Gambling company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, MRDN traded at $11.09, a market capitalization of $144.1 million.
Return on equity was −114.3% and debt-to-equity 0.20.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −0.82 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.