What is Meridian Holdings, Inc. 's conversion of debt?

Meridian Holdings, Inc. (MRDN) reported conversion of debt of $0 in Q1 2026.

How has Meridian Holdings, Inc. 's conversion of debt changed year-over-year?

Meridian Holdings, Inc. 's conversion of debt decreased by 100.0% year-over-year, from $1.67M to $0.

What does conversion of debt mean?

Measures the non-cash impact of converting debt instruments into equity securities. This metric is critical for understanding changes in the capital structure and the reduction of future interest obligations. It highlights the company's ability to deleverage its balance sheet by swapping debt for ownership stakes.

Meridian Holdings, Inc. MRDN Conversion Of Debt

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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%

CapEx$1.8M-44.7%

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 gmgi:ConversionOfDebt.

The official record: Meridian Holdings, Inc. ’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Meridian Holdings, Inc. 's conversion of debt?: Meridian Holdings, Inc. (MRDN) reported conversion of debt of $0 in Q1 2026.
How has Meridian Holdings, Inc. 's conversion of debt changed year-over-year?: Meridian Holdings, Inc. 's conversion of debt decreased by 100.0% year-over-year, from $1.67M to $0.
What does conversion of debt mean?: Measures the non-cash impact of converting debt instruments into equity securities. This metric is critical for understanding changes in the capital structure and the reduction of future interest obligations. It highlights the company's ability to deleverage its balance sheet by swapping debt for ownership stakes.