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Discontinued — last reported Q4 '25

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Other financials

Income statement

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Revenue$50.1M+17.3%
Gross profit$28.1M+16.3%
Operating income$3.2M+3,078%
Net income$2.2M+940%
EPS (diluted)$0.18+1,000%

Balance sheet

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Cash & equivalents$16.2M-45.3%
Total debt$18.9M-47.0%
Total equity$48.7M-55.1%
Total assets$111.9M-47.7%

Cash flow

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Operating cash flow$5.2M-33.4%
Free cash flow$6.4M-51.9%

Valuation

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Market cap$176.12M+61.1%
Enterprise value$178.78M
P/S0.9×

Profitability

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Gross margin56.5%+0.2pp
Operating margin-48.8%-49.4pp
Net margin-47.1%-51.0pp
FCF margin10.5%

Returns & leverage

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Return on equity-113.9%-123pp
Debt / equity0.4×+0.1×
Current ratio0.6×-0.2×

Where this comes from

Reported directly by Meridian Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Meridian Holdings, Inc. ’s 10-K, filed March 31, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Meridian Holdings, Inc. 's capex?
Meridian Holdings, Inc. (MRDN) reported capex of $1.76M in Q4 2025.
How has Meridian Holdings, Inc. 's capex changed year-over-year?
Meridian Holdings, Inc. 's capex decreased by 44.7% year-over-year, from $3.19M to $1.76M.
What is the long-term trend for Meridian Holdings, Inc. 's capex?
Over 2 years (2023 to 2025), Meridian Holdings, Inc. 's capex has grown at a 3.8% compound annual growth rate (CAGR), from $5.74M to $6.18M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.