Pricing Log in Create free account
Saturday 17 October 2026 Export MRDN’s income statement to Excel — free account

Meridian Holdings, Inc.

MRDN Consumer Cyclical Gambling

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%
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 (below 1: weak)
Debt/Equity 0.20 (at or below 0.5: strong)
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% (at or above 15%: strong)
Next Y EPS Growth 57.53% (at or above 15%: strong)
Next Y revenue growth 12.05% (at or above 10%: strong)
Next 5Y EPS Growth —

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 7.0×; over the ten years it ranged from 0.4× in 2026 to 1,049× in 2019.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Meridian Holdings, Inc. vs peers in Gambling (Q) = latest quarter vs a year earlier

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.

Meridian Holdings, Inc. (MRDN) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/MRDN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com