FY2025 · ended Dec 31, 2025 · Revenue $182.86M, +21.0% YoY · Filed Mar 31, 2026
Meridian Holdings Inc./NV (MRDN) files with the SEC under industry code 7372, Services-Prepackaged Software. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $182.9 million and a net loss of $92.0 million. Free cash flow was $19.2 million. As of Jun 30, 2026 it held $19.4 million in cash and investments and $16.4 million in total debt.
Revenue (TTM)
$197.19M
+14.1% vs year-ago TTM
Net income (TTM)
$-83.86M
-786.9% vs year-ago TTM
Operating cash flow (TTM)
$28.20M
-10.4% vs year-ago TTM
Free cash flow (TTM)
$24.56M
+10.3% vs year-ago TTM
EPS (TTM)
$-6.61
-2762.4% vs year-ago TTM
Dividend per share
None
Shares outstanding
12.67M
+0.2% vs prior year
Net cash
$3.08M
as of Jun 30, 2026
Operating margin
-44.7%
FY 2026
Company profile
- Industry
- Services-Prepackaged Software (SIC 7372)
- Listed as
- MRDN (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- Las Vegas, NV
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1437925
- Former names
- Golden Matrix Group, Inc. (until Mar 3, 2026); Source Gold Corp. (until Apr 11, 2016); Ibex Resources Corp. (until Sep 22, 2009)
Other Services-Prepackaged Software companies
- Microsoft Corp MSFT
- Palantir Technologies Inc. PLTR
- Oracle Corp ORCL
- Sap SE SAP
- CrowdStrike Holdings, Inc. CRWD
- Shopify Inc. SHOP
- Salesforce, Inc. CRM
- ServiceNow, Inc. NOW
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Oct 31, 2023 |
FY 2022 Oct 31, 2022 |
FY 2021 Jan 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $182.9M | $151.1M | $43.5M | $36.0M | $5.2M |
| Operating income | -$96.2M | $2.7M | -$526,247 | $192,492 | $399,325 |
| Net income | -$92.0M | -$1.4M | -$1.2M | $44,028 | $398,080 |
| Diluted EPS | -$7.76 | -$0.16 | -$0.03 | -$0.01 | $0.01 |
| Operating cash flow | $25.4M | $23.9M | $2.2M | $2.8M | $1.9M |
| Free cash flow | $19.2M | $16.8M | $2.2M | — | — |
| Total assets | $118.1M | $213.7M | $35.6M | $32.6M | $13.8M |
| Total liabilities | $69.7M | $104.8M | $4.5M | $2.8M | $552,610 |
| Stockholders' equity | $46.5M | $105.1M | $31.1M | $26.8M | $13.3M |
| Cash and investments | $20.1M | $30.1M | $17.1M | $14.9M | $11.7M |
| Total debt | $23.4M | $38.7M | $59,089 | $154,863 | $0 |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| ARS | Annual report to shareholders | Oct 2, 2026 | Dec 31, 2025 |
| 8-K |
Current report
Material agreement, Officer or director change
|
Oct 2, 2026 | Sep 28, 2026 |
| 8-K |
Current report
Other events
|
Sep 29, 2026 | Sep 29, 2026 |
| 8-K |
Current report
Agreement ended, Officer or director change, Regulation FD disclosure
|
Jul 29, 2026 | Jul 29, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 29, 2026 | Jul 29, 2026 |
| 10-Q | Quarterly report | Jul 29, 2026 | Jun 30, 2026 |
All 613 Meridian Holdings Inc./NV SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.