Meridian Holdings Inc./NV Income Statement
MRDN|9 years of annual SEC 10-K data (FY2015-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 9 fiscal years. All figures from audited SEC 10-K filings.
Meridian Holdings Inc./NV reported $183M in revenue and $92M in net loss for FY2025. Revenue has grown at a 175.5% compound annual rate over the past 9 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -1.10 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $182.9M | $93.0M | $93.0M | $36.0M | $5.2M | $452.8K | $120.0K | $20.0K | $0 |
| Cost of Revenue | $79.4M | $24.8M | $24.8M | $26.9M | $2.0M | $22.0K | $50.0K | - | $0 |
| Gross Profit | $103.5M | $68.2M | $68.2M | $9.2M | $3.3M | $2.9M | $70.0K | $20.0K | $0 |
| SG&A Expense | $199.6M | $54.5M | $54.5M | $6.1M | $566.6K | - | $385 | $261.7K | $215.9K |
| R&D Expense | $7.1M | - | - | $23.1K | $149.7K | $0 | - | - | - |
| Operating Income | -$96.2M | $13.8M | $13.8M | $192.5K | $750.9K | $1.8M | -$250.4K | -$5.2M | -$518.4K |
| Interest Expense | $4.6M | $36.2K | $36.2K | $0 | $0 | $45.4K | $413.7K | $4.6M | $156.9K |
| Income Tax | -$5.2M | $1.6M | $1.6M | $419.0K | $0 | - | - | - | $0 |
| Net Income | -$92.0M | $13.7M | $13.7M | $44.0K | $398.1K | $1.8M | $1.8M | -$10.0M | -$1.4M |
| EPS (Basic) | -$0.16 | $0.16 | -$0.01 | $0.05 | -$0.17 | $0.00 | -$45.08 | - | -$0.01 |
| EPS (Diluted) | -$0.16 | $0.16 | -$0.01 | $0.03 | -$0.17 | $0.00 | -$45.08 | -$0.00 | -$0.01 |
| Shares Outstanding | 10.8M | 83.5M | 28.2M | 27.2M | 22.7M | 2.6B | 3.5B | 1.2K | 3.5B |
| Gross Margin | 56.6% | 73.4% | 73.4% | 25.4% | 62.9% | 631.7% | 58.3% | 100.0% | - |
| Operating Margin | -52.6% | 14.8% | 14.8% | 0.5% | 14.4% | 400.3% | -208.7% | -25981.8% | - |
| Profit Margin | -50.3% | 14.7% | 14.7% | 0.1% | 7.6% | 390.9% | 1500.9% | -50031.2% | - |