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Meridian Holdings, Inc. MRDN Q1 2025 Annual earnings

Reported May 8, 2025 · Before market open

Revenue$42.7MMiss by $394.0KDiluted EPS-$0.02Miss by $0.03
Revenue estimate$43.1M
EPS estimate$0.01

Next report

Aug 5, 2026 (in a month)
Revenue estimate$52.4M
EPS estimate$0.15

Financials

Q1 2025

Income statement

See full
Revenue$42.7M+71.9%
Gross profit$24.2M+36.8%
Operating income-$106.0K-103%
Net income-$258.2K-106%
EPS (diluted)-$0.02-140%

Balance sheet

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Cash & equivalents$29.7M+37.1%
Total debt$35.7M+10,448%
Total equity$108.5M+238%
Total assets$214.0M+477%

Cash flow

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Operating cash flow$7.7M+73.6%
CapEx$1.1M+18.8%
Free cash flow$6.6M+88.1%

Valuation & ratios

Profitability

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Gross margin56.3%-16.2pp
Operating margin-0.6%-13.9pp
Net margin-3.3%-17.2pp

Returns & leverage

See full
Return on equity-8%-50.1pp
Debt / equity0.3×+0.3×
Current ratio0.7×-4.4×

Segments

By geography

See full
Europe UK Excl$22.9M—
Africa$3.5M—
Asia Pacific$3.1M—
Central And South America$1.9M—

Versus estimates

Revenue

Q4 2025$49.6MMiss by $3.3MQ3 2025$47.3MMiss by $5.5MQ2 2025$43.2MMiss by $6.8M
Q1 2025$42.7MMiss by $394.0K
Q4 2024$45.9MBeat by $2.7MQ3 2024$41.0M

Diluted EPS

Q4 2025-$7.09Miss by $7.13Q3 2025$0.05Beat by $0.06Q2 2025-$0.03Miss by $0.03
Q1 2025-$0.02Miss by $0.03
Q4 2024-$0.01Miss by $0.02Q3 2024-$0.03

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Questions, answered.

When did Meridian Holdings, Inc. report Q1 2025 earnings?
Meridian Holdings, Inc. (MRDN) reported Q1 2025 earnings on May 8, 2025 before market open.
What were Meridian Holdings, Inc. 's Q1 2025 revenue and EPS?
Meridian Holdings, Inc. reported revenue of $42.7M and diluted EPS of $-0.02 for Q1 2025.
Did Meridian Holdings, Inc. beat estimates in Q1 2025?
Revenue missed the consensus estimate of $43.1M by $394.0K. EPS missed the consensus estimate of $0.01 by $0.03.
How did Meridian Holdings, Inc. 's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 33.0% from $32.1M a year earlier.
Where can I find Meridian Holdings, Inc. 's Q1 2025 SEC filings?
You can read the 10-K/A periodic report (0001477932-25-003071) directly on SEC EDGAR. The filing index links above go to sec.gov.