# Meridian Holdings Inc. (MRDN)

- Sector: Consumer Discretionary · Industry: Gambling
- SEC CIK: 0001437925 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001437925))
- Full page: https://inspectstocks.com/stocks/mrdn
- Data as of: price 2026-09-29; newest filing used 2026-04-28; latest fiscal period ended 2026-03-31

## Grade

**A** on the growth-and-cash rubric, 5 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $190.2M | $36M |
| Revenue growing recently | passed | $190.2M | $182.9M |
| Free cash flow positive | passed | $19.2M |  |
| Free cash flow growing overall | passed | $19.2M | $2.7M |
| Free cash flow growing recently | passed | $19.2M | $16.8M |

Business quality (the + / − mark): 2 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | failed | -47.1% |  |
| Healthy profit margin | failed | -47.1% |  |
| Strong operating margin | failed | -48.8% |  |
| Good return on equity | failed | -192.5% |  |
| Debt under control | passed | 0.50 |  |
| Turns sales into cash | passed | 10.1% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $190.2M |
| Net income, trailing twelve months | -$89.6M |
| Free cash flow, trailing twelve months | $19.2M |
| Net margin | -47.1% |
| Operating margin | -48.8% |
| Return on equity | -192.5% |
| Debt to equity | 0.50 |
| Diluted EPS, trailing twelve months | -$7.59 |
| Share price | $12.05 |
| Market value | $152.7M |
| Price / sales | 0.8x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/mrdn)
- [Financial statements](https://inspectstocks.com/stocks/mrdn/financials)
- [Competitors](https://inspectstocks.com/stocks/mrdn/peers)
- [Earnings](https://inspectstocks.com/stocks/mrdn/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.