Meridian Holdings Inc./NV financials
Source: EDGAR filings · Built 2026-06-02T03:35:11Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 16.42M | 14.28M | 15.59M | 2.19M | 2.73M | — |
| EBITDA | -81.02M | 3.19M | 15.66M | -86.31K | 577.08K | 750.85K |
| Working Capital | -24.13M | -18.48M | 9.36M | 18.37M | 16.57M | 18.69M |
| Net Debt | 5.31M | 8.60M | -16.31M | -17.04M | -14.79M | -16.52M |
| Gross Margin | 56.58% | 58.61% | 73.38% | 22.34% | 25.43% | 29.09% |
| Operating Margin | -52.59% | 1.82% | 14.80% | -1.19% | 0.53% | 6.65% |
| Net Margin | -50.30% | -0.93% | 14.73% | -2.65% | 0.12% | 5.74% |
| Return on Equity (ROE) | -197.62% | -1.34% | 23.21% | -3.77% | 0.15% | 3.42% |
| Return on Assets (ROA) | -77.90% | -0.66% | 17.16% | -3.30% | 0.14% | 3.17% |
| Current Ratio | 0.59× | 0.71× | 1.53× | 5.10× | 7.10× | 14.86× |
| Debt-to-Equity | 0.50× | 0.37× | 0.07× | 0.00× | 0.01× | 0.01× |
| Effective Tax Rate | 5.36% | 216.66% | 10.16% | -139.61% | 90.49% | 0.00% |
| Cash Conversion Ratio | -0.28× | -16.96× | 1.73× | -1.88× | 62.95× | 1.96× |
| Accruals Ratio | -0.99× | -0.12× | -0.13× | -0.10× | -0.08× | -0.03× |
| SBC % of Revenue | 2.24% | 3.12% | — | 4.94% | 7.38% | 8.03% |
| CapEx Coverage | 2.84× | 2.48× | 2.92× | 177.00× | 75.40× | — |
| Free Cash Flow Per Share | $1.42 | $1.51 | $0.19 | $0.06 | $0.10 | — |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | 15.06× | — | — | 375.00× |
| P/FCF | 6.78× | 15.74× | 12.90× | 41.03× | 25.64× | — |
| FCF Yield | 14.74% | 6.35% | 7.75% | 2.44% | 3.90% | — |
| EV / EBITDA | — | 9.39× | 11.81× | — | 96.45× | 250.01× |
| P/S | 0.06× | 0.14× | 2.16× | 2.08× | 1.96× | 18.10× |
| P/B | 0.22× | 0.20× | 3.41× | 2.95× | 2.36× | 10.79× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Revenues | 182.86M | 151.12M | 92.99M | 44.17M | 36.03M | 11.29M |
| Cost of Goods and Services Sold | 79.41M | 62.54M | 24.75M | 34.31M | 26.87M | 7.01M |
| Gross Profit | 103.46M | 88.57M | 68.24M | 9.87M | 9.16M | 3.28M |
| Research and Development Expense | 7.10M | 6.07M | — | — | 23.09K | 149.74K |
| Selling, General and Administrative Expense | 199.63M | 85.83M | 54.48M | — | — | — |
| Operating Expenses | 24.03M | — | — | 10.40M | 8.97M | 2.53M |
| Operating Income (Loss) | -96.17M | 2.74M | 13.76M | -526.25K | 192.49K | 750.85K |
| Income Tax Expense (Benefit) | -5.21M | 2.62M | 1.57M | 683.31K | 419.05K | 0 |
| Net Income (Loss) Attributable to Parent | -91.98M | -1.41M | 13.70M | -1.17M | 44.03K | 648.07K |
| Earnings Per Share, Basic | $-7.76 | $-0.16 | $0.16 | $-0.03 | $-0.01 | $0.03 |
| Weighted Average Number of Shares Outstanding, Basic | 11.59M | 9.46M | 83.48M | 35.42M | 28.04M | 23.88M |
| Earnings Per Share, Diluted | $-7.76 | $-0.16 | $0.16 | $-0.03 | $-0.01 | $0.02 |
| Weighted Average Number of Shares Outstanding, Diluted | 11.59M | 9.46M | 83.48M | 35.42M | 28.04M | 32.28M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | — | — | — | — | 14.95M | 16.80M |
| Assets, Current | 35.44M | 45.07M | 26.93M | 22.85M | 19.29M | 20.04M |
| Assets | 118.08M | 213.72M | 79.85M | 35.58M | 32.57M | 20.46M |
| Liabilities, Current | 59.57M | 63.55M | 17.57M | 4.48M | 2.72M | 1.35M |
| Long-term Debt, Excluding Current Maturities | 6.59M | 14.36M | 0 | — | — | — |
| Liabilities | 69.74M | 104.77M | 19.87M | 4.48M | 2.77M | 1.53M |
| Stockholders' Equity Attributable to Parent | 46.55M | 105.07M | 59.03M | 31.10M | 29.80M | 18.93M |
| Common Stock, Shares, Outstanding | 12.64M | 10.77M | 83.48M | 36.16M | 28.18M | 27.23M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 25.36M | 23.92M | 23.69M | 2.21M | 2.77M | 1.27M |
| Payments to Acquire Property, Plant, and Equipment | 6.18M | 7.16M | 5.74M | 12.46K | 36.76K | — |
| Net Cash Provided by (Used in) Investing Activities | -22.00M | -37.43M | -13.07M | -95.96K | -4.41M | -231.31K |
| Payments for Repurchase of Common Stock | 3.00M | — | — | 32.32K | 0 | — |
| Payments of Dividends | 144.78K | 769.53K | 1.80M | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -19.40M | 27.71M | -4.15M | -32.32K | 32.00K | 4.05M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | 5.70M | 10.73M | 5.45M | 6.06M | 12.87M |
| EBITDA | 5.62M | -89.61M | 3.60M | 1.50M | 2.05M | -3.97M |
| Working Capital | -22.78M | -24.13M | -25.27M | -24.60M | -16.08M | -18.48M |
| Net Debt | 2.65M | 5.31M | 3.92M | 17.20M | 6.01M | 8.60M |
| Gross Margin | 56.17% | 57.48% | 55.77% | 56.37% | 56.63% | 58.42% |
| Operating Margin | 6.30% | -188.33% | -0.82% | -5.33% | -0.25% | -0.22% |
| Net Margin | 4.33% | -178.97% | 1.20% | -8.29% | -0.60% | -4.49% |
| Return on Equity (ROE) | 4.45% | -190.64% | 0.46% | -2.96% | -0.24% | -1.96% |
| Return on Assets (ROA) | 1.94% | -75.15% | 0.27% | -1.70% | -0.12% | -0.96% |
| Current Ratio | 0.57× | 0.59× | 0.61× | 0.61× | 0.74× | 0.71× |
| Debt-to-Equity | 0.39× | 0.50× | 0.21× | 0.24× | 0.33× | 0.37× |
| Effective Tax Rate | 24.30% | 5.92% | 32.76% | -15.13% | 56.55% | 2.46% |
| Cash Conversion Ratio | 2.38× | -0.09× | 30.30× | -2.82× | -29.97× | -8.06× |
| Accruals Ratio | -0.03× | -0.82× | -0.08× | -0.07× | -0.04× | -0.09× |
| SBC % of Revenue | 0.50% | 2.19% | 1.15% | 3.28% | 2.44% | 3.17% |
| CapEx Coverage | — | 3.27× | 2.67× | 2.17× | 4.61× | 4.45× |
| Free Cash Flow Per Share | — | $0.49 | $0.08 | $0.04 | $0.55 | $1.36 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EV / EBITDA | — | — | 51.25× | 450.94× | 244.64× | 6.82× |
| P/S | 0.48× | 0.06× | 0.89× | 1.37× | 1.55× | 0.14× |
| P/B | 1.87× | 0.22× | 1.29× | 1.95× | 2.42× | 0.20× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 50.10M | 49.58M | 47.32M | 43.25M | 42.72M | 45.86M |
| Cost of Goods and Services Sold | 21.96M | 21.08M | 20.93M | 18.87M | 18.53M | 19.07M |
| Gross Profit | 28.14M | 28.50M | 26.39M | 24.38M | 24.20M | 26.79M |
| Research and Development Expense | 228.82K | — | — | — | 0 | — |
| Selling, General and Administrative Expense | 24.99M | 121.87M | 26.77M | 26.68M | 24.30M | 26.89M |
| Operating Income (Loss) | 3.16M | -93.37M | -387.62K | -2.30M | -106.02K | -99.15K |
| Income Tax Expense (Benefit) | 696.13K | -5.56M | 201.64K | 490.38K | -336.05K | -52.42K |
| Net Income (Loss) Attributable to Parent | 2.17M | -88.73M | 566.01K | -3.58M | -258.22K | -2.06M |
| Earnings Per Share, Basic | $0.18 | $-7.52 | $0.00 | $-0.03 | $-0.02 | $-0.28 |
| Weighted Average Number of Shares Outstanding, Basic | 12.64M | 11.59M | 139.77M | 137.97M | 10.98M | 9.46M |
| Earnings Per Share, Diluted | $0.18 | $-7.52 | $0.00 | $-0.03 | $-0.02 | $-0.28 |
| Weighted Average Number of Shares Outstanding, Diluted | 12.79M | 11.59M | 142.76M | 137.97M | 10.98M | 9.46M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Assets, Current | 30.48M | 35.44M | 39.15M | 38.97M | 45.93M | 45.07M |
| Assets | 111.87M | 118.08M | 209.78M | 210.27M | 213.95M | 213.72M |
| Liabilities, Current | 53.26M | 59.57M | 64.41M | 63.57M | 62.00M | 63.55M |
| Long-term Debt, Excluding Current Maturities | 4.85M | 6.59M | 8.75M | 11.33M | 13.46M | 14.36M |
| Liabilities | 61.44M | 69.74M | 82.68M | 85.29M | 101.58M | 104.77M |
| Stockholders' Equity Attributable to Parent | 48.73M | 46.55M | 123.54M | 121.28M | 108.53M | 105.07M |
| Common Stock, Shares, Outstanding | 12.64M | 12.64M | 140.66M | 139.12M | 133.08M | 10.77M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 5.16M | 8.21M | 17.15M | 10.12M | 7.74M | 16.60M |
| Payments to Acquire Property, Plant, and Equipment | — | 1.76M | 4.42M | 3.57M | 1.11M | 3.19M |
| Net Cash Provided by (Used in) Investing Activities | -2.47M | -6.90M | -15.11M | -11.90M | -5.34M | -15.73M |
| Payments for Repurchase of Common Stock | — | -104.90M | 107.90M | 107.90M | — | — |
| Payments of Dividends | — | — | — | — | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | -4.57M | -2.28M | -17.12M | -14.30M | -5.00M | -5.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MRDN CIK 0001437925),
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us-gaap presentation taxonomy. Filers may re-parent
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.