InsiderClue
Stocks · Technology · Services-Prepackaged Software

Meridian Holdings Inc./NV

MRDN Clue Score54
United States Fiscal year ends December CIK 0001437925
$11.09 +2.31% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $11.09 +34.10% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue0.1Operating income−0.3Net income1.8EPS, diluted0.00Fiscal year 2018Revenue0.0 −100.0%Operating income−1.0Net income−1.3 −173.2%EPS, diluted−0.17Fiscal year 2019Revenue0.5Operating income1.8Net income1.8EPS, diluted0.06Fiscal year 2021Revenue5.2 +1,053.6%Operating income0.4Net income0.4 −77.5%EPS, diluted0.01Fiscal year 2021Revenue11.3 +116.1%Fiscal year 2022Revenue36.0 +219.3%Operating income0.2Net income0.0EPS, diluted−0.01Fiscal year 2023Revenue44.2 +22.6%Operating income−0.5Net income−1.2 −2,763.6%EPS, diluted−0.03Fiscal year 2023Revenue93.0 +110.5%Operating income13.8Net income13.7EPS, diluted0.16Fiscal year 2024Revenue151.1 +62.5%Operating income2.7Net income−1.4 −110.3%EPS, diluted−0.16Fiscal year 2025Revenue182.9 +21.0%Operating income−96.2Net income−92.0EPS, diluted−7.76
FY2017FY2018FY2019FY2021FY2021FY2022FY2023FY2023FY2024FY2025
Revenue 0.1 0.0 0.5 5.2 11.3 36.0 44.2 93.0 151.1 182.9
Growth −100.0% +1,053.6% +116.1% +219.3% +22.6% +110.5% +62.5% +21.0%
Operating income −0.3 −1.0 1.8 0.4 n/a 0.2 −0.5 13.8 2.7 −96.2
Net income 1.8 −1.3 1.8 0.4 n/a 0.0 −1.2 13.7 −1.4 −92.0
Growth −173.2% −77.5% −2,763.6% −110.3%
EPS, diluted 0.00 −0.17 0.06 0.01 n/a −0.01 −0.03 0.16 −0.16 −7.76

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin58.3%Operating margin−208.7%Net margin1,500.9%Fiscal year 2018Fiscal year 2019Gross margin631.7%Operating margin400.3%Net margin390.9%Fiscal year 2021Gross margin61.7%Operating margin7.6%Net margin7.6%Fiscal year 2021Fiscal year 2022Gross margin25.4%Operating margin0.5%Net margin0.1%Free cash flow margin7.6%Fiscal year 2023Gross margin22.3%Operating margin−1.2%Net margin−2.7%Free cash flow margin5.0%Fiscal year 2023Gross margin73.4%Operating margin14.8%Net margin14.7%Free cash flow margin19.3%Fiscal year 2024Gross margin58.6%Operating margin1.8%Net margin−0.9%Free cash flow margin11.1%Fiscal year 2025Gross margin56.6%Operating margin−52.6%Net margin−50.3%Free cash flow margin10.5%
FY2017FY2018FY2019FY2021FY2021FY2022FY2023FY2023FY2024FY2025
Gross margin 58.3% n/a 631.7% 61.7% n/a 25.4% 22.3% 73.4% 58.6% 56.6%
Operating margin −208.7% n/a 400.3% 7.6% n/a 0.5% −1.2% 14.8% 1.8% −52.6%
Net margin 1,500.9% n/a 390.9% 7.6% n/a 0.1% −2.7% 14.7% −0.9% −50.3%
Free cash flow margin n/a n/a n/a n/a n/a 7.6% 5.0% 19.3% 11.1% 10.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−0.0Fiscal year 2018Operating cash flow0.3Fiscal year 2019Operating cash flow1.5Fiscal year 2021Operating cash flow1.9Fiscal year 2021Fiscal year 2022Operating cash flow2.8Capital expenditure−0.0Free cash flow2.7Buybacks0.0Fiscal year 2023Operating cash flow2.2Capital expenditure−0.0Free cash flow2.2 −19.8%Buybacks−0.0Fiscal year 2023Operating cash flow23.7Capital expenditure−5.7Free cash flow17.9 +718.0%Dividends paid−1.8Fiscal year 2024Operating cash flow23.9Capital expenditure−7.2Free cash flow16.8 −6.7%Dividends paid−0.8Fiscal year 2025Operating cash flow25.4Capital expenditure−6.2Free cash flow19.2 +14.5%Buybacks−3.0Dividends paid−0.1
FY2017FY2018FY2019FY2021FY2021FY2022FY2023FY2023FY2024FY2025
Operating cash flow −0.0 0.3 1.5 1.9 n/a 2.8 2.2 23.7 23.9 25.4
Capital expenditure n/a n/a n/a n/a n/a −0.0 −0.0 −5.7 −7.2 −6.2
Free cash flow n/a n/a n/a n/a n/a 2.7 2.2 17.9 16.8 19.2
Growth −19.8% +718.0% −6.7% +14.5%
Buybacks n/a n/a n/a n/a n/a 0.0 −0.0 n/a n/a −3.0
Dividends paid n/a n/a n/a n/a n/a n/a n/a −1.8 −0.8 −0.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.0Shareholders’ equity−1.5Fiscal year 2018Cash0.4Shareholders’ equity−1.3Fiscal year 2019Cash1.7Shareholders’ equity1.0Fiscal year 2021Cash11.7Shareholders’ equity13.3Fiscal year 2021Cash16.8Shareholders’ equity18.9Fiscal year 2022Cash14.9Shareholders’ equity26.8Fiscal year 2023Cash17.1Shareholders’ equity31.1Fiscal year 2023Cash20.4Total debt0.0Net cash (debt)20.4Shareholders’ equity59.0Debt to equity0.00Fiscal year 2024Cash30.1Total debt31.2Net cash (debt)−1.0Shareholders’ equity105.1Debt to equity0.30Fiscal year 2025Cash18.1Total debt17.2Net cash (debt)0.9Shareholders’ equity46.5Debt to equity0.37
FY2017FY2018FY2019FY2021FY2021FY2022FY2023FY2023FY2024FY2025
Cash 0.0 0.4 1.7 11.7 16.8 14.9 17.1 20.4 30.1 18.1
Total debt n/a n/a n/a n/a n/a n/a n/a 0.0 31.2 17.2
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a 20.4 −1.0 0.9
Shareholders’ equity −1.5 −1.3 1.0 13.3 18.9 26.8 31.1 59.0 105.1 46.5
Debt to equity n/a n/a n/a n/a n/a n/a n/a 0.00 0.30 0.37

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Jul 2017 FY2018 31 Jul 2018 FY2019 31 Jul 2019 FY2021 31 Jan 2021 FY2021 31 Oct 2021 FY2022 31 Oct 2022 FY2023 31 Oct 2023 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
58.3% n/a 631.7% 61.7% n/a 25.4% 22.3% 73.4% 58.6% 56.6%
−208.7% n/a 400.3% 7.6% n/a 0.5% −1.2% 14.8% 1.8% −52.6%
n/a n/a n/a 7.6% n/a 1.3% −1.1% 16.6% 0.8% −53.1%
1,500.9% n/a 390.9% 7.6% n/a 0.1% −2.7% 14.7% −0.9% −50.3%
n/a n/a n/a n/a n/a 7.6% 5.0% 19.3% 11.1% 10.5%
Spending
n/a n/a 0.0% 0.9% n/a 0.1% n/a n/a 4.0% 3.9%
0.3% n/a n/a 10.8% n/a 17.0% 19.1% 58.6% 56.8% 109.2%
n/a n/a n/a n/a n/a 0.1% 0.0% 6.2% 4.7% 3.4%
n/a n/a n/a 0.0% n/a 90.5% n/a 10.2% 216.7% n/a
Returns
n/a n/a 171.3% 3.0% n/a 0.2% −3.8% 23.2% −1.3% −197.6%
2,054.5% −160.8% 58.9% 2.9% n/a 0.1% −3.3% 17.2% −0.7% −77.9%
Balance and payout
n/a n/a n/a n/a n/a n/a n/a 0.00 0.30 0.37
1,852.3% 263.6% 65.6% 4.0% 7.5% 8.5% 12.6% 24.9% 49.0% 59.1%
n/a n/a n/a n/a n/a n/a n/a 13.1% n/a n/a
n/a n/a n/a n/a n/a 0.0% 1.5% 10.0% 4.6% 16.4%