Symbols / MRDN Stock $6.48 +3.02% Meridian Holdings Inc.

Communication Services • Electronic Gaming & Multimedia • United States • NCM
MRDN (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Communication Services
Industry Electronic Gaming & Multimedia
CEO Mr. Zoran Milosevic
Exch · Country NCM · United States
Market Cap 81.80M
Enterprise Value 88.56M
Income -89.90M
Sales 182.86M
FCF (ttm) 2.92M
Book/sh 3.69
Cash/sh 1.46
Employees 1,200
Insider 10d —
IPO Oct 30, 2009
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E —
PEG —
P/S 0.45
P/B 1.76
P/C —
EV/EBITDA 8.20
EV/Sales 0.48
Quick Ratio 0.49
Current Ratio 0.59
Debt/Eq 48.40
LT Debt/Eq —
EPS (ttm) -7.76
EPS next Y —
EPS Growth —
Revenue Growth 8.10%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-14
Earnings (prior) 2026-03-31
ROA -1.64%
ROE -116.96%
ROIC —
Gross Margin 56.58%
Oper. Margin -3.13%
Profit Margin -49.16%
Shs Outstand 12.62M
Shs Float 2.05M
Insider Own 83.23%
Instit Own 4.01%
Short Float 5.03%
Short Ratio 6.48
Short Interest 136.07K
52W High 24.42
vs 52W High -73.46%
52W Low 5.80
vs 52W Low 11.80%
Beta 0.22
Impl. Vol. 50.00%
Rel Volume 1.90
Avg Volume 23.73K
Volume 45.04K
Target (mean) $19.73
Tgt Median $17.00
Tgt Low $16.20
Tgt High $26.00
# Analysts 3
Recom Strong_buy
Prev Close $6.29
Price $6.48
Change 3.02%
About

Meridian Holdings Inc., a business-to-business and business-to-consumer gaming technology company, provides casino, sportsbook, and competition products in Central and South America, Europe, and Africa. It develops and licenses gaming platforms; and provides online sports betting and gaming operations under various brands, including Meridianbet, Expanse Studios, MexPlay, R Kings Competitions, Classics For A Cause, and GMAG. Meridian Holdings Inc. is based in Las Vegas, Nevada.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$19.73
Mean price target
2. Current target
$6.48
Latest analyst target
3. DCF / Fair value
$4.16
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.48
Low
$16.20
High
$26.00
Mean
$19.73
News
RSS: Latest MRDN news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-22 GOODMAN ANTHONY BRIAN Beneficial Owner of more than 10% of a Class of Security — 8,883 $6.34 $58,793
2026-04-15 GOODMAN ANTHONY BRIAN Beneficial Owner of more than 10% of a Class of Security — 38,616 $6.90 $270,299
2026-04-07 GOODMAN ANTHONY BRIAN Former — 1,254 $6.90 $8,739
2026-03-26 GOODMAN ANTHONY BRIAN Beneficial Owner of more than 10% of a Class of Security — 6,437 $7.75 $50,537
2026-03-23 GOODMAN ANTHONY BRIAN Beneficial Owner of more than 10% of a Class of Security — 19,500 $8.54 $175,945
2026-03-16 GOODMAN ANTHONY BRIAN Beneficial Owner of more than 10% of a Class of Security — 7,506 $9.04 $71,098
2025-12-15 GOODMAN ANTHONY BRIAN Former — 100,000 $0.06 $6,365
2025-12-12 GOODMAN ANTHONY BRIAN Former — 1,300,000 — —
2025-12-01 GOODMAN ANTHONY BRIAN Chief Executive Officer — 50,000 $0.07 $3,430
2025-11-24 GOODMAN ANTHONY BRIAN Chief Executive Officer — 50,000 $0.06 $3,175
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2023-10-31
Total Revenue
182.86
+21.01%
151.12
+62.50%
92.99
+110.52%
44.17
Operating Revenue
182.86
+21.01%
151.12
+62.50%
92.99
+110.52%
44.17
Cost Of Revenue
79.41
+26.96%
62.54
+152.70%
24.75
-27.85%
34.31
Reconciled Cost Of Revenue
73.42
+26.31%
58.13
+173.78%
21.23
-38.11%
34.31
Gross Profit
103.46
+16.81%
88.57
+29.79%
68.24
+591.50%
9.87
Operating Expense
107.08
+26.77%
84.47
+55.91%
54.18
+421.20%
10.40
Research And Development
—
—
—
—
Selling General And Administration
97.92
+25.38%
78.10
+49.38%
52.28
+402.94%
10.40
Selling And Marketing Expense
26.56
+40.32%
18.93
+55.25%
12.19
—
General And Administrative Expense
71.36
+20.60%
59.17
+47.59%
40.09
+285.68%
10.40
Salaries And Wages
31.72
+22.66%
25.86
+77.21%
14.59
+1234.29%
1.09
Other Gand A
31.66
+19.62%
26.47
+33.62%
19.81
+112.96%
9.30
Total Expenses
186.49
+26.85%
147.01
+86.26%
78.93
+76.58%
44.70
Operating Income
-3.62
-188.36%
4.10
-70.83%
14.06
+2772.43%
-0.53
Total Operating Income As Reported
-96.17
-3605.08%
2.74
-80.06%
13.76
+2714.60%
-0.53
EBITDA
-77.46
-599.09%
15.52
-25.81%
20.92
+489918.15%
0.00
Normalized EBITDA
14.32
-17.54%
17.37
-17.86%
21.15
+175134.25%
0.01
Reconciled Depreciation
15.15
+40.41%
10.79
+99.19%
5.42
+1025.49%
0.48
EBIT
-92.61
-2058.00%
4.73
-69.49%
15.50
+3349.55%
-0.48
Total Unusual Items
-91.78
-4853.35%
-1.85
-699.04%
-0.23
-2872.68%
-0.01
Total Unusual Items Excluding Goodwill
-91.78
-4853.35%
-1.85
-699.04%
-0.23
-2872.68%
-0.01
Special Income Charges
-92.54
-6714.03%
-1.36
-346.23%
-0.30
—
Impairment Of Capital Assets
67.79
—
—
—
Write Off
24.75
+1722.44%
1.36
+346.23%
0.30
—
Net Income
-89.90
-5973.16%
-1.48
-110.80%
13.70
+1268.41%
-1.17
Pretax Income
-97.19
-8141.94%
1.21
-92.19%
15.47
+3259.83%
-0.49
Net Non Operating Interest Income Expense
-4.34
-31.33%
-3.30
-5457.29%
0.06
+38.23%
0.04
Interest Expense Non Operating
4.58
+30.03%
3.52
+9637.27%
0.04
+191.64%
0.01
Net Interest Income
-4.34
-31.33%
-3.30
-5457.29%
0.06
+38.23%
0.04
Interest Expense
4.58
+30.03%
3.52
+9637.27%
0.04
+191.64%
0.01
Interest Income Non Operating
0.24
+10.35%
0.22
+123.01%
0.10
+71.60%
0.06
Interest Income
0.24
+10.35%
0.22
+123.01%
0.10
+71.60%
0.06
Other Income Expense
-89.23
-21872.45%
0.41
-69.43%
1.34
+17281.86%
-0.01
Other Non Operating Income Expenses
2.56
+13.07%
2.26
+43.92%
1.57
—
Gain On Sale Of Security
0.76
+253.63%
-0.49
-782.90%
0.07
+1028.84%
-0.01
Tax Provision
-5.21
-298.83%
2.62
+66.70%
1.57
+129.87%
0.68
Tax Rate For Calcs
0.00
-74.29%
0.00
+106.77%
0.00
-51.64%
0.00
Tax Effect Of Unusual Items
-4.96
-1173.72%
-0.39
-1552.18%
-0.02
-1337.67%
-0.00
Net Income Including Noncontrolling Interests
-91.98
-6424.25%
-1.41
-110.15%
13.89
+1284.81%
-1.17
Net Income From Continuing Operation Net Minority Interest
-89.90
-5973.16%
-1.48
-110.80%
13.70
+1268.41%
-1.17
Net Income From Continuing And Discontinued Operation
-89.90
-5973.16%
-1.48
-110.80%
13.70
+1268.41%
-1.17
Net Income Continuous Operations
-91.98
-6424.25%
-1.41
-110.15%
13.89
+1284.81%
-1.17
Minority Interests
2.08
+3060.63%
-0.07
+63.40%
-0.19
0.00
Normalized Income
-3.07
-18617.85%
-0.02
-100.12%
13.91
+1292.44%
-1.17
Net Income Common Stockholders
-89.90
-5973.16%
-1.48
-110.80%
13.70
+1268.41%
-1.17
Diluted EPS
-7.76
-4750.12%
-0.16
-108.33%
1.92
+633.33%
-0.36
Basic EPS
-7.76
-4750.12%
-0.16
-108.33%
1.92
+633.33%
-0.36
Basic Average Shares
11.59
+22.52%
9.46
+35.98%
6.96
+135.67%
2.95
Diluted Average Shares
11.59
+22.52%
9.46
+35.98%
6.96
+135.67%
2.95
Diluted NI Availto Com Stockholders
-89.90
-5973.16%
-1.48
-110.80%
13.70
+1268.41%
-1.17
Amortization
9.17
+43.81%
6.37
+235.81%
1.90
—
Amortization Of Intangibles Income Statement
9.17
+43.81%
6.37
+235.81%
1.90
—
Depreciation Amortization Depletion Income Statement
9.17
+43.81%
6.37
+235.81%
1.90
—
Depreciation And Amortization In Income Statement
9.17
+43.81%
6.37
+235.81%
1.90
—
Rent And Landing Fees
7.98
+16.55%
6.85
+20.27%
5.69
—
Rent Expense Supplemental
7.98
+16.55%
6.85
+20.27%
5.69
—
Line Item Trend 2025-12-31 2024-12-31
Total Assets
118.08
-44.75%
213.72
Current Assets
35.44
-21.36%
45.07
Cash Cash Equivalents And Short Term Investments
18.43
-39.48%
30.46
Cash And Cash Equivalents
18.08
-39.99%
30.13
Cash Financial
18.08
-39.99%
30.13
Other Short Term Investments
0.35
+7.30%
0.33
Receivables
10.83
+11.44%
9.72
Accounts Receivable
7.95
+31.23%
6.06
Gross Accounts Receivable
8.16
+15.70%
7.06
Allowance For Doubtful Accounts Receivable
-0.21
+78.93%
-0.99
Receivables Adjustments Allowances
-0.59
-33.61%
-0.44
Other Receivables
2.41
-10.82%
2.70
Taxes Receivable
0.60
-18.95%
0.73
Inventory
5.52
+40.29%
3.94
Prepaid Assets
0.65
-31.74%
0.96
Restricted Cash
—
—
Total Non Current Assets
82.64
-51.00%
168.65
Net PPE
35.26
+0.53%
35.07
Gross PPE
35.26
+0.53%
35.07
Accumulated Depreciation
—
—
Land And Improvements
0.03
+12.53%
0.03
Buildings And Improvements
10.10
+9.84%
9.19
Machinery Furniture Equipment
13.79
+5.36%
13.09
Construction In Progress
—
0.00
Other Properties
9.67
-12.01%
10.99
Leases
1.67
-5.83%
1.78
Goodwill And Other Intangible Assets
34.91
-72.65%
127.64
Goodwill
8.45
-88.14%
71.25
Other Intangible Assets
26.46
-53.07%
56.39
Investments And Advances
3.65
+1573.42%
0.22
Non Current Prepaid Assets
6.32
+10.68%
5.71
Other Non Current Assets
2.50
+26605.99%
0.01
Total Liabilities Net Minority Interest
69.74
-33.43%
104.77
Current Liabilities
59.57
-6.27%
63.55
Payables And Accrued Expenses
44.15
+5.53%
41.83
Payables
44.15
+5.53%
41.83
Accounts Payable
20.57
+59.33%
12.91
Other Payable
2.07
-19.46%
2.57
Dividends Payable
0.00
-100.00%
0.04
Current Accrued Expenses
—
—
Employee Benefits
0.02
+9.64%
0.01
Total Tax Payable
5.01
+32.77%
3.77
Income Tax Payable
1.37
-2.76%
1.40
Current Debt And Capital Lease Obligation
13.24
-32.99%
19.75
Current Debt
10.58
-39.10%
17.38
Other Current Borrowings
10.58
-38.81%
17.29
Current Capital Lease Obligation
2.66
+11.67%
2.38
Current Deferred Liabilities
1.95
+46.21%
1.33
Current Deferred Revenue
1.95
+46.21%
1.33
Other Current Liabilities
0.23
-63.23%
0.63
Total Non Current Liabilities Net Minority Interest
10.17
-75.32%
41.22
Long Term Debt And Capital Lease Obligation
10.16
-48.16%
19.59
Long Term Debt
6.59
-54.12%
14.36
Long Term Capital Lease Obligation
3.57
-31.81%
5.23
Non Current Pension And Other Postretirement Benefit Plans
0.02
+9.64%
0.01
Tradeand Other Payables Non Current
0.00
0.00
Non Current Deferred Liabilities
0.00
-100.00%
6.61
Non Current Deferred Taxes Liabilities
0.00
-100.00%
6.61
Other Non Current Liabilities
—
—
Stockholders Equity
46.55
-55.70%
105.07
Common Stock Equity
46.55
-55.70%
105.07
Capital Stock
0.00
+16.67%
0.00
Common Stock
0.00
+16.67%
0.00
Preferred Stock
0.00
0.00
Share Issued
12.64
+17.32%
10.78
Ordinary Shares Number
12.62
+17.21%
10.77
Treasury Shares Number
0.02
+242.45%
0.00
Additional Paid In Capital
82.93
+64.83%
50.31
Retained Earnings
-33.07
-157.96%
57.05
Gains Losses Not Affecting Retained Earnings
-3.75
+53.60%
-8.09
Treasury Stock
0.24
+101.11%
0.12
Minority Interest
1.79
-53.75%
3.88
Other Equity Adjustments
-3.75
+53.60%
-8.09
Total Equity Gross Minority Interest
48.34
-55.63%
108.95
Total Capitalization
53.14
-55.51%
119.44
Working Capital
-24.13
-30.54%
-18.48
Invested Capital
63.72
-53.43%
136.81
Total Debt
23.39
-40.54%
39.35
Net Debt
—
1.61
Capital Lease Obligations
6.22
-18.22%
7.61
Net Tangible Assets
11.63
+151.53%
-22.57
Tangible Book Value
11.63
+151.53%
-22.57
Current Deferred Taxes Liabilities
—
—
Duefrom Related Parties Current
0.47
-30.13%
0.67
Dueto Related Parties Current
16.49
-26.82%
22.54
Dueto Related Parties Non Current
0.00
-100.00%
15.00
Interest Payable
—
—
Line Of Credit
0.00
-100.00%
0.08
Other Equity Interest
0.68
-88.60%
5.92
Preferred Shares Number
0.00
+0.00%
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2023-10-31
Operating Cash Flow
25.36
+6.03%
23.92
+0.96%
23.69
+973.69%
2.21
Cash Flow From Continuing Operating Activities
25.36
+6.03%
23.92
+0.96%
23.69
+973.69%
2.21
Net Income From Continuing Operations
-91.98
-6424.25%
-1.41
-110.15%
13.89
+1284.81%
-1.17
Depreciation Amortization Depletion
15.15
+40.41%
10.79
+99.19%
5.42
+1025.49%
0.48
Depreciation
5.98
+35.50%
4.42
+25.50%
3.52
+8404.31%
0.04
Amortization Cash Flow
9.17
+43.81%
6.37
+235.81%
1.90
+331.44%
0.44
Depreciation And Amortization
15.15
+40.41%
10.79
+99.19%
5.42
+1025.49%
0.48
Amortization Of Intangibles
9.17
+43.81%
6.37
+235.81%
1.90
+331.44%
0.44
Other Non Cash Items
2.77
+28.17%
2.16
—
0.27
Stock Based Compensation
4.09
-13.08%
4.71
0.00
-100.00%
2.18
Asset Impairment Charge
92.54
+6714.03%
1.36
+386.78%
0.28
—
Operating Gains Losses
—
—
—
0.03
Net Foreign Currency Exchange Gain Loss
—
—
—
0.03
Change In Working Capital
2.79
-55.83%
6.31
+54.03%
4.10
+891.46%
0.41
Change In Receivables
-2.29
-437.75%
-0.43
+22.12%
-0.55
+82.00%
-3.04
Changes In Account Receivables
-2.43
-252.58%
-0.69
-30.13%
-0.53
+82.57%
-3.04
Change In Inventory
-1.28
-33.40%
-0.96
-8112.15%
-0.01
+97.73%
-0.51
Change In Prepaid Assets
-0.31
+34.79%
-0.47
+2.64%
-0.48
-2741.82%
-0.02
Change In Payables And Accrued Expense
9.30
+160.62%
3.57
-20.20%
4.47
+17.47%
3.81
Change In Accrued Expense
—
—
—
—
Change In Payable
9.30
+160.62%
3.57
-20.20%
4.47
+17.47%
3.81
Change In Account Payable
7.96
+83.75%
4.33
+19.49%
3.63
-1.13%
3.67
Change In Other Working Capital
0.51
+1343.25%
0.04
+125.63%
-0.14
-176.94%
0.18
Change In Other Current Assets
0.01
+102.54%
-0.50
+10.65%
-0.56
-673.65%
0.10
Change In Other Current Liabilities
-3.16
-162.38%
5.06
+271.88%
1.36
+1479.53%
-0.10
Investing Cash Flow
-22.00
+41.22%
-37.43
-186.50%
-13.07
-13515.75%
-0.10
Cash Flow From Continuing Investing Activities
-22.00
+41.22%
-37.43
-186.50%
-13.07
-13515.75%
-0.10
Net PPE Purchase And Sale
-6.18
+13.68%
-7.16
-24.73%
-5.74
-45982.65%
-0.01
Purchase Of PPE
-6.18
+13.68%
-7.16
-24.73%
-5.74
-45982.65%
-0.01
Capital Expenditure
-13.65
+37.93%
-21.99
-68.01%
-13.09
-19960.35%
-0.07
Net Investment Purchase And Sale
-5.43
-27697.72%
0.02
-18.57%
0.02
—
Purchase Of Investment
-5.43
—
—
—
Sale Of Investment
—
0.02
-18.57%
0.02
—
Net Business Purchase And Sale
-2.92
+81.10%
-15.46
0.00
+100.00%
-0.03
Purchase Of Business
-2.92
+91.10%
-32.82
0.00
+100.00%
-0.03
Net Intangibles Purchase And Sale
-7.46
+49.65%
-14.83
-101.85%
-7.35
-13815.62%
-0.05
Purchase Of Intangibles
-7.46
+49.65%
-14.83
-101.85%
-7.35
-13815.62%
-0.05
Financing Cash Flow
-19.40
-170.02%
27.71
+767.18%
-4.15
-12750.77%
-0.03
Cash Flow From Continuing Financing Activities
-19.40
-170.02%
27.71
+767.18%
-4.15
-12750.77%
-0.03
Net Issuance Payments Of Debt
-22.10
-211.48%
19.82
+941.84%
-2.35
—
Issuance Of Debt
2.15
-91.70%
25.97
0.00
—
Repayment Of Debt
-24.25
-294.35%
-6.15
-161.18%
-2.35
—
Long Term Debt Issuance
2.15
-91.70%
25.97
0.00
—
Long Term Debt Payments
-24.25
-294.35%
-6.15
-161.18%
-2.35
—
Net Long Term Debt Issuance
-22.10
-211.48%
19.82
+941.84%
-2.35
—
Net Common Stock Issuance
2.84
+2405.52%
-0.12
0.00
+100.00%
-0.03
Common Stock Payments
-0.12
+0.26%
-0.12
0.00
+100.00%
-0.03
Common Stock Dividend Paid
-0.14
+81.19%
-0.77
+57.22%
-1.80
—
Cash Dividends Paid
-0.14
+81.19%
-0.77
+57.22%
-1.80
—
Repurchase Of Capital Stock
-0.12
+0.26%
-0.12
0.00
+100.00%
-0.03
Proceeds From Stock Option Exercised
0.00
-100.00%
0.03
0.00
0.00
Net Other Financing Charges
—
8.75
—
—
Changes In Cash
-16.05
-213.07%
14.19
+119.39%
6.47
+211.35%
2.08
Effect Of Exchange Rate Changes
4.00
+189.45%
-4.47
-641.80%
0.83
+1038.64%
0.07
Beginning Cash Position
30.13
+47.64%
20.41
+55.65%
13.11
-12.31%
14.95
End Cash Position
18.08
-39.99%
30.13
+47.64%
20.41
+19.33%
17.10
Free Cash Flow
11.71
+508.41%
1.92
-81.84%
10.60
+395.05%
2.14
Interest Paid Supplemental Data
1.79
+32.43%
1.35
+3635.17%
0.04
+191.64%
0.01
Income Tax Paid Supplemental Data
4.03
+2.86%
3.92
+96.46%
1.99
+275.08%
0.53
Change In Income Tax Payable
1.33
+274.12%
-0.77
-190.85%
0.84
+515.09%
0.14
Change In Interest Payable
—
—
—
—
Change In Tax Payable
1.33
+274.12%
-0.77
-190.85%
0.84
+515.09%
0.14
Common Stock Issuance
2.96
0.00
—
—
Issuance Of Capital Stock
2.96
0.00
—
—
Sale Of Business
0.00
-100.00%
17.36
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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