Company Overview
Meridian Holdings Inc., a business-to-business and business-to-consumer gaming technology company, provides casino, sportsbook, and competition products in Central and South America, Europe, and Africa. It develops and licenses gaming platforms; and provides online sports betting and gaming operations under various brands, including Meridianbet, Expanse Studios, MexPlay, R Kings Competitions, Classics For A Cause, and GMAG. Meridian Holdings Inc. is based in Las Vegas, Nevada.
Why Investors Should Care
Revenue has grown at a 74.6% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.32.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $182.86M (+21.0% YoY); net profit $-91.98M.
- Trailing 12 Months Year-on-year growth — revenue +16.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 74.6%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 74.55% |
| 1 Year: | 16.10% |
Stock Price Performance
| 1 Year: | -15.73% |
| 6 Months: | +40.71% |
| 3 Months: | +10.61% |
| 1 Month: | -1.38% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)47.66 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 74.6% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MRDN Meridian Holdings Inc. R2K | 13.55 | -1.92 | $171.44M | 0.00% | - | -95.18% | 74.55% | - |
| 2 | AMZN Amazon.com, Inc. NDXSPXR3KAITECH | 258.51 | 20.78 | $2.79T | 0.00% | 13.33% | 30.56% | 24.04% | 32.72% |
| 3 | TSLA Tesla, Inc. NDXSPXR3KAI | 354.29 | 325.04 | $1.40T | 0.00% | 4.10% | 4.67% | 52.40% | 39.39% |
| 4 | HD The Home Depot, Inc. SPXR3K | 321.05 | 22.79 | $320.12B | 2.67% | 28.75% | 128.38% | 4.06% | 6.35% |
| 5 | BABA Alibaba Group Holding Limited AITECH | 113.24 | 17.37 | $271.42B | 0.83% | 4.16% | 9.22% | 5.62% | 12.49% |
| 6 | TM Toyota Motor Corporation | 197.39 | 8.85 | $233.73B | 3.30% | 5.24% | 12.40% | 10.91% | 16.22% |
| 7 | MCD McDonald's Corporation SPXR3K | 255.69 | 20.75 | $181.67B | 2.69% | 22.47% | - | 0.92% | 7.33% |
| 8 | BKNG Booking Holdings Inc. NDXSPXR3K | 193.29 | 21.48 | $149.78B | 0.78% | 70.23% | -96.88% | 16.93% | 22.07% |
| 9 | TJX The TJX Companies, Inc. SPXR3K | 132.08 | 25.70 | $145.91B | 1.18% | 21.26% | 61.25% | 6.84% | 8.48% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Oct 2014 | Jan 2015 | Apr 2015 | Oct 2015 | Jan 2016 | Apr 2016 | Oct 2016 | Jan 2017 | Apr 2017 | Oct 2017 | Jan 2018 | Apr 2018 | Oct 2018 | Jan 2019 | Apr 2019 | Jul 2019 | Oct 2019 | Jan 2020 | Apr 2020 | Jul 2020 | Oct 2020 | Jan 2021 | Apr 2021 | Jul 2021 | Jan 2022 | Apr 2022 | Jul 2022 | Jan 2023 | Apr 2023 | Jun 2023 | Jul 2023 | Sep 2023 | Jan 2024 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 633 | 2.12K | 162.77K | 287.25K | 362.28K | 308.51K | 203.20K | 514.06K | 920.70K | 1.95M | 2.64M | 3.25M | 8.88M | 8.48M | 9.10M | 10.78M | 10.31M | 22.58M | 11.31M | 22.21M | 11.84M | 24.85M | 39.42M | 40.99M | 42.72M | 43.25M | 47.32M | 50.10M |
| Gross Profit | 0 | 0 | - | 0 | 0 | - | - | - | - | 30.00K | 30.00K | 345.15K | 569.17K | 644.56K | 522.32K | 1.12M | 849.65K | 851.72K | 703.27K | 650.69K | 872.42K | 996.62K | 1.15M | 1.21M | 2.02M | 2.54M | 2.48M | 2.44M | 2.06M | 16.54M | 2.14M | 16.09M | 3.38M | 17.69M | 21.69M | 22.40M | 24.20M | 24.38M | 26.39M | 28.14M |
| Operating Income | -63.38K | -828.56K | -246.97K | -251.24K | -642.72K | -658.28K | -57.67K | -121.22K | -32.71K | -65.75K | -77.01K | -19.99K | 356.64K | 407.14K | 293.24K | - | 548.83K | 443.43K | 234.59K | 93.36K | 41.61K | 29.76K | 141.47K | 510.78K | 403.96K | 758.53K | 729.31K | -328.95K | -490.73K | 3.93M | -892.10K | 3.23M | 279.20K | 3.69M | 125.11K | -976.38K | -106.02K | -2.30M | -387.62K | 3.16M |
| Net Income | -15.16K | -1.05M | -389.53K | -1.63M | -1.66M | -22.48M | 1.26M | 169.89K | 200.23K | -458.04K | 84.48K | -35.25K | 332.00K | 421.79K | 279.32K | 736.79K | 545.89K | 438.80K | 229.74K | 85.62K | 30.56K | 52.16K | 127.99K | 484.61K | 413.67K | 701.45K | 679.65K | -443.52K | -533.75K | 3.72M | -965.63K | 3.48M | 74.50K | 3.99M | 64.92K | -3.41M | -258.22K | -3.58M | 566.01K | 2.17M |
| Diluted EPS | 0.00 | 0.00 | - | - | - | -15.12 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 | -0.01 | -0.01 | 0.04 | -0.03 | 0.04 | 0.00 | 0.05 | 0.00 | -0.03 | -0.02 | -0.03 | 0.00 | 0.18 |
| R&D Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 0 | 0 | 18.67K | 28.89K | 21.22K | 68.05K | 20.21K | 1.20K | 570 | - | - | - | - | - | - | - | - | - | 0 | - | - | 228.82K |
Profit & Loss (Annual)
Figures in USD.
| Metric | Jul 2009 | Jul 2010 | Jul 2011 | Jul 2012 | Jul 2013 | Jul 2014 | Jul 2015 | Jul 2016 | Jul 2017 | Jul 2018 | Jul 2019 | Jan 2021 | Oct 2021 | Oct 2022 | Oct 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | 0 | 0 | 20.00K | 120.00K | 0 | 452.77K | 5.22M | 11.29M | 36.03M | 44.17M | 92.99M | 151.12M | 182.86M |
| Gross Profit | - | - | - | - | - | 0 | 0 | 20.00K | 70.00K | 843.80K | 2.86M | 3.22M | - | 9.16M | 9.87M | 68.24M | 88.57M | 103.46M |
| Operating Income | - | - | - | -227.70K | -163.40K | -518.38K | -2.04M | -5.20M | -250.44K | -990.95K | 1.81M | 399.32K | - | 192.49K | -526.25K | 13.76M | 2.74M | -96.17M |
| Net Income | -102.80K | -7.50M | -6.30M | -298.29K | -471.97K | -1.38M | -2.62M | -10.01M | 1.80M | -1.32M | 1.77M | 398.08K | - | 44.03K | -1.17M | 13.70M | -1.41M | -91.98M |
| Diluted EPS | - | - | - | -0.01 | -0.01 | -0.01 | - | -45.08 | 0.00 | -0.17 | 0.06 | 0.01 | - | -0.01 | -0.03 | 0.16 | -0.16 | -7.76 |
| R&D Expense | - | - | - | - | - | - | - | - | - | 0 | 0 | 47.56K | - | 23.09K | - | - | 6.07M | 7.10M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Jul 2008 | Jul 2009 | Jul 2010 | Jul 2011 | Jul 2012 | Jul 2013 | Jul 2014 | Jul 2015 | Jul 2016 | Jul 2017 | Jul 2018 | Jul 2019 | Jan 2020 | Jan 2021 | Oct 2021 | Oct 2022 | Dec 2022 | Oct 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | - | 47.59K | 102.61K | 86.69K | 164.88K | 148.12K | 12.30K | 87.67K | 819.87K | 3.01M | 3.71M | 13.81M | 20.46M | 32.57M | - | 35.58M | 79.85M | 213.72M | 118.08M |
| Total Equity | -9.09K | 482 | -35.24K | -82.16K | -188.52K | -253.07K | -929.63K | -2.82M | -3.98M | -1.54M | -1.34M | 1.03M | 2.47M | 13.26M | 18.93M | 26.80M | 47.06M | 31.10M | 59.03M | 105.07M | 46.55M |
| Cash & Equivalents | - | - | 52.15K | 47.11K | 15.62K | 14 | 636 | 0 | 2.30K | 25.17K | 446.58K | 1.73M | 1.86M | 11.71M | 16.80M | 14.95M | - | - | - | - | - |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 14.36M | 6.59M |
| Total Liabilities | - | - | - | 129.75K | 291.13K | 339.76K | 1.09M | 2.97M | 3.99M | 1.62M | 2.16M | 1.97M | 1.23M | 552.61K | 1.53M | 2.77M | - | 4.48M | 19.87M | 104.77M | 69.74M |
| Current Liabilities | - | - | - | 129.75K | 291.13K | 339.76K | 1.09M | 2.97M | 3.99M | 1.62M | 2.16M | 1.83M | 1.23M | 552.61K | 1.35M | 2.72M | - | 4.48M | 17.57M | 63.55M | 59.57M |
Cash Flows (Annual)
Figures in USD.
| Metric | Jul 2011 | Jul 2012 | Jul 2013 | Jul 2014 | Jul 2015 | Jul 2016 | Jul 2017 | Jul 2018 | Jul 2019 | Jan 2021 | Oct 2022 | Oct 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -250.39K | -224.87K | -256.81K | -612.07K | -2.01M | 1.30K | -15.13K | 302.72K | 1.45M | 1.88M | - | 2.21M | 23.69M | 23.92M | 25.36M |
| Investing Cash Flow | - | -6.97K | - | 0 | 0 | - | - | 0 | 0 | 192 | - | -95.96K | -13.07M | -37.43M | -22.00M |
| Financing Cash Flow | 250.00K | 193.43K | 241.35K | 612.69K | 2.01M | 1.00K | 38.00K | 118.70K | -167.42K | 7.97M | - | -32.32K | -4.15M | 27.71M | -19.40M |
| Capital Expenditure | - | 1.97K | - | - | - | - | - | - | - | - | - | -65.25K | -13.09M | -21.99M | -13.65M |
| Free Cash Flow | - | -222.90K | - | - | - | - | - | - | - | - | - | 2.14M | 10.60M | 1.92M | 11.71M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | 2.08M | 6.47M | 14.19M | -16.05M |
| Share Buybacks | - | - | - | - | - | - | - | - | - | - | 0 | 32.32K | - | - | 3.00M |
| Dividends Paid | - | - | - | - | - | - | - | - | - | - | - | - | 1.80M | 769.53K | 144.78K |
Ratios (Annual)
Figures in %.
| Metric | Jul 2009 | Jul 2010 | Jul 2011 | Jul 2012 | Jul 2013 | Jul 2014 | Jul 2015 | Jul 2016 | Jul 2017 | Jul 2018 | Jul 2019 | Jan 2021 | Oct 2021 | Oct 2022 | Oct 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | 100.0% | 58.3% | - | 631.7% | 61.7% | - | 25.4% | 22.3% | 73.4% | 58.6% | 56.6% |
| Operating Margin % | - | - | - | - | - | - | - | -25,981.8% | -208.7% | - | 400.3% | 7.6% | - | 0.5% | -1.2% | 14.8% | 1.8% | -52.6% |
| Net Margin % | - | - | - | - | - | - | - | -50,031.2% | 1,500.9% | - | 390.9% | 7.6% | - | 0.1% | -2.7% | 14.7% | -0.9% | -50.3% |
| ROE % | -21,328.6% | 21,270.6% | 7,673.7% | 158.2% | 186.5% | 148.5% | 92.8% | 251.3% | -117.2% | 98.3% | 171.3% | 3.0% | - | 0.2% | -3.8% | 23.2% | -1.3% | -197.6% |
| ROCE % | - | - | - | 120.8% | 64.6% | 55.8% | 72.3% | 130.5% | 16.3% | 73.9% | 153.8% | 3.0% | - | 0.6% | -1.7% | 22.1% | 1.8% | -164.4% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Topline Capital Management, LLC | 1.47% | 186.44K | $2.60M |
| 2 | Diametric Capital, Lp | 0.97% | 123.21K | $1.72M |
| 3 | AQR Capital Management, LLC | 0.38% | 47.93K | $668.09K |
| 4 | Vanguard Capital Management LLC | 0.35% | 43.76K | $609.94K |
| 5 | Geode Capital Management, LLC | 0.33% | 42.08K | $586.52K |
| 6 | Great Lakes Advisors LLC | 0.25% | 31.09K | $433.32K |
| 7 | Goldman Sachs Group Inc | 0.23% | 29.34K | $408.94K |
| 8 | Blackrock Inc. | 0.21% | 27.17K | $378.75K |
| 9 | Morgan Stanley | 0.18% | 22.48K | $313.37K |
| 10 | Vanguard Fiduciary Trust Co | 0.14% | 17.37K | $242.09K |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MRDN
Meridian Holdings Subsidiary Expanse Studios Enters Slovenian Market With Casino Portoroz Distribution Agreement
Expanse Studios Titles to Be Available on Casino.si, Slovenia's First Licensed Online Casino Platform LAS VEGAS, NV - September 4, 2026 (NEWMEDIAWIRE) - Meridian Holdings Inc. (NASDAQ: MRDN) ("Meridian" or the "Company"), an international d…
Meridian Holdings to Participate in the H.C. Wainwright 28th Annual Global Investment Conference
LAS VEGAS, NV - August 31, 2026 (NEWMEDIAWIRE) - Meridian Holdings Inc. (NASDAQ: MRDN) ("Meridian" or the "Company"), an international developer, licensor, and operator of online gaming and e-commerce platforms, today announced that managem…
MRDN: Record New Customer Registrations During FIFA Contributed to +16% Revenue Y/Y
By M. Marin NASDAQ: MRDN READ THE FULL MRDN RESEARCH REPORT 2Q26 revenue up 16% y/y ; many customers acquired in late June made only marginal 2Q contributions but form part of growing customer base MRDN expects to monetize going forward Mer…
Meridian Holdings Inc (MRDN) (Q2 2026) Earnings Call Highlights: Record Revenue and ...
Meridian Holdings Inc (MRDN) achieves first-half revenue above $100 million and second consecutive GAAP profit, while navigating compressed sportsbook margins from the World Cup.
Meridian Q2 Earnings Call Highlights
Meridian (NASDAQ:MRDN) reported second-quarter revenue growth, a second consecutive quarter of GAAP profitability and continued debt reduction, while management said sportsbook margins were pressured by bettor-friendly World Cup results. Re…
Meridian Holdings to Announce Second Quarter 2026 Financial Results
LAS VEGAS, NV - July 22, 2026 (NEWMEDIAWIRE) - Meridian Holdings Inc. (NASDAQ: MRDN) ("Meridian Holdings" or the "Company"), a global gaming and entertainment technology group that operates and licenses online and retail platforms across sp…
MRDN — Frequently Asked Questions
What is the current share price of Meridian Holdings Inc. (MRDN)?
As of 2026-09-07 16:24 PDT, Meridian Holdings Inc. (MRDN) trades at $13.55 on NasdaqCM. Its 52-week range is $6.07 to $16.92.
What is the market capitalisation of MRDN?
Meridian Holdings Inc. (MRDN) has a market capitalisation of $171.44M on NasdaqCM.
What is the P/E ratio of MRDN?
MRDN trades at a trailing price-to-earnings (P/E) ratio of -1.92. The industry average P/E is 19.51. Its price-to-book (P/B) ratio is 3.67.
What is the return on equity (ROE) of MRDN?
MRDN has a return on equity (ROE) of -95.18%.
Is MRDN a good stock to buy?
This page provides a data-driven analysis of Meridian Holdings Inc. (MRDN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.