Meridian Holdings Inc.: stock overview

MRDNNASDAQTechnology · Services-Prepackaged Software

Price

$5.64

November 13, 2026Market cap $71M

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What Ploutos Investor adds for Meridian

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See the plans
  • The full history: 10 fiscal years, from FY2014
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The interest the company pays is far more than the debt we can read would cost, so part of its borrowing is missing from the figures. We leave out the debt, net cash, enterprise value and the multiples built on them.

In short

Meridian had revenue of $196M over the last 12 months and a net loss of $98M. Revenue grew by 100.6% a year on average over the last 4 years. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$71M
12.67M shares
P/E
–
Revenue, 12 months
$196M
+100.6% a year over 4 years
Net margin
-49.9%
2025: -50.3%, above 6% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+40.2% a year over 2 years

  • 202510-K
    Revenue$183M
  • 202410-K
    Revenue$151M
  • 2023
    Revenue$93M

Fiscal years in figures

MRDN's revenue, profit, cash flow and dividend with each year-end price, from FY2014 to FY2022, 7 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $201M
$71M
Enterprise value 
–
P/E 
–
EV / EBIT 
–
EV / Revenue 
–
P/B 3-year median: 2.6
2.0
FCF yield 3-year median: 8.9%
31.7%
Earnings yield 3-year median: -0.7%
–

Profitability

Gross margin 
55.3%
Operating margin 
-52.4%
Net margin 3-year median: -0.9%
-49.9%
ROIC 
-108.8%
ROIC, 5-year average 
-24.7%
ROE 
-160.0%

Growth

Revenue, yearly change 
+21.0%
EPS, yearly change 
–
FCF, yearly change 
+14.5%
Revenue, average a year 
+100.6%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$16M
Total debt 
–
Net cash 
–
Net debt / EBITDA 
–
Interest cover 
-51.0x
Current ratio 
0.78

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
4.20%
Total returned 
4.20%
Shares, yearly change 
+15.1%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 73).

Gross margin

56.6%

Above 45% of the 293 companies in its industry, and 75% of all.

Operating margin

-52.6%

Above 6% of the 462 companies in its industry, and 7% of all.

Net margin

-50.3%

Above 6% of the 473 companies in its industry, and 7% of all.

ROE

-197.6%

Above 2% of the 398 companies in its industry, and 1% of all.

ROA

-77.9%

Above 1% of the 462 companies in its industry, and 1% of all.

Revenue growth

21.0%

Above 80% of the 461 companies in its industry, and 82% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Meridian Holdings Inc./NV
CIK
1437925
Exchange
NASDAQ
Industry (SIC)
7372 · Services-Prepackaged Software
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
12.67M

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The full analysis

What do Meridian's filings show?

These are Meridian's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about MRDN

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What is MRDN's market cap?

Meridian Holdings Inc.'s market cap is $71M, at a price of $5.64 on November 13, 2026 and 12.67M shares.

How much revenue does MRDN have?

Meridian had revenue of $196M over the last 12 months. Over the last 4 years it changed by +100.6% a year on average.

Does MRDN pay a dividend?

No. Meridian paid no regular dividend over the last 12 months.

Where do the figures come from?

From Meridian Holdings Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.