Meridian Holdings Inc./NV
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 10/31/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $182.9M | $151.1M | $93.0M | $43.5M | — |
| Cost of revenue | $79.4M | $62.5M | $24.8M | $34.3M | — |
| Gross profit | $103.5M | $88.6M | $68.2M | $9.9M | — |
| Selling, general & administrative | $199.6M | $85.8M | $54.5M | — | — |
| Research and development | $7.1M | $6.1M | — | — | — |
| Operating expenses | $24.0M | — | — | $10.4M | — |
| Operating income | -$96.2M | $2.7M | $13.8M | -$526,247 | — |
| Interest expense | $4.6M | $3.5M | $36,163 | $12,400 | — |
| Pretax income | -$97.2M | $1.2M | $15.5M | -$489,444 | — |
| Income tax expense | -$5.2M | $2.6M | $1.6M | $683,306 | — |
| Net income | -$92.0M | -$1.4M | $13.7M | -$1.2M | — |
| Balance Sheet | |||||
| Current assets | $35.4M | $45.1M | $26.9M | $22.9M | — |
| Total assets | $118.1M | $213.7M | $79.9M | $35.6M | — |
| Current liabilities | $59.6M | $63.6M | $17.6M | $4.5M | — |
| Total liabilities | $69.7M | $104.8M | $19.9M | $4.5M | — |
| Stockholders' equity | $46.5M | $105.1M | $59.0M | $31.1M | $47.1M |
| Cash Flow Statement | |||||
| Cash from operations | $25.4M | $23.9M | $23.7M | $2.2M | — |
| Depreciation and amortization | $6.0M | $4.4M | $3.5M | $41,380 | — |
| Stock-based compensation | $4.1M | $4.7M | — | $2.2M | — |
| Capital expenditure | $6.2M | $7.2M | $5.7M | $12,465 | — |
| Free cash flow | $19.2M | $16.8M | $17.9M | $2.2M | — |
| Dividends paid | $144,782 | $769,534 | $1.8M | — | — |
| Share repurchases | $3.0M | $123,101 | $0 | $32,322 | — |
| Impairments | $24.0M | — | — | — | — |
Shares outstanding 12.7M
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.