State Ledger
Company profile

Meridian Holdings Inc./NV CIK 1437925

Ticker
MRDN (Nasdaq)
Industry
Services-Prepackaged Software
Headquarters
Las Vegas, NV
Fiscal year end
2025 (FY)
Market Data
Close
$11.20
Change
+$0.15
Change %
1.36%
Volume
848

MRDN · trading date Oct 12, 2026 · previous close $11.05 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$182.86M
Net income
-$91.98M
Total assets
$118.08M
Total liabilities
$69.74M
Stockholders' equity
$46.55M
Cash & equivalents
$18.08M
Operating income
-$96.17M
Operating cash flow
$25.36M
Capital expenditures
$6.18M

Fiscal year 2025, via 10-K filed 2026-03-31. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
-52.6%
Net margin
-50.3%
Free cash flow
$19.17M
Free cash flow margin
10.5%
Liabilities / assets
59.1%
Equity / assets
39.4%
CapEx / revenue
3.4%
Operating cash flow / net income
-0.28×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $182.86M -$91.98M $118.08M $69.74M $46.55M
2024 $151.12M -$1.41M $213.72M $104.77M $105.07M
2023 $92.99M $13.70M $79.85M $19.87M $59.03M
2022 $36.03M $44.0K $32.57M $2.77M $26.80M
2021 $11.29M — $20.46M $1.53M $18.93M
Company Details
SIC code
7372
State of incorporation
NV
Active filer
Yes
Most recent SEC filing
Form SCHEDULE 13D/A
2026-09-18
Financials filed via
Form 10-K
filed 2026-03-31

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Las Vegas, NV
3651 LINDELL ROAD
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 16:04 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

← Back to Nevada — Public Companies