Company research
Meridian Holdings Inc./NV
CIK 1437925Updated Oct 6, 2026
SecurityMRDN · NASDAQ · equity
Historical securities (1)
GMGI · NASDAQ · equity · closed Mar 2, 2026Name history
Golden Matrix Group, Inc. · through Mar 3, 2026Source Gold Corp. · through Apr 11, 2016Ibex Resources Corp. · through Sep 22, 2009
MRDN price & chart
Loading TradingView…
NASDAQ:MRDN on TradingView ↗About the company
Meridian Holdings Inc. (NASDAQ: MRDN), headquartered in Las Vegas, Nevada, is a B2B and B2C gaming technology group operating across over 25 international regulated markets. The Company’s B2C division is led by Meridianbet Group, an online sports betting and gaming operator founded in 2001 and licensed across Europe, Africa and South America. The Company’s B2B division, comprising game developer Expanse Studios and iGaming platform GMAG, develops, licenses and distributes proprietary gaming platforms and content to a global client base. For more information, visit www.meridian-holdings.com or email ir@meridian-holdings.com.
In the news
No coverage from other publishers is available.
Recent filings
ARS filing
DEFA14A filing
DEF 14A filing
Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 1.01, 5.02, 9.01
Other Events
Items 8.01, 9.01
Show 5 more recent filings
Termination of a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 1.02, 5.02, 7.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
144 filing
144 filing
Financials
FY 2025 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 118,078,800Source | 213,717,593Source | 35,582,817Source | 32,571,413Source |
| Property, Plant and Equipment, NetUSD | 28,963,866Source | 27,431,207Source | 46,447Source | 72,411Source |
| GoodwillUSD | 8,450,955Source | 537,184Source | 10,381,710Source | 10,452,324Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | 2,245,341Source | 2,607,075Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | — | 14,949,673Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 7,954,116Source | 6,061,281Source | 3,551,383Source | 2,641,023Source |
| Inventory, NetUSD | 5,524,570Source | 3,937,854Source | 1,714,525Source | 1,147,591Source |
| Assets, CurrentUSD | 35,438,153Source | 45,066,481Source | 22,852,676Source | 19,288,950Source |
| Operating Lease, Right-of-Use AssetUSD | 6,296,336Source | 7,643,504Source | 56,643Source | 150,653Source |
| Other Assets, NoncurrentUSD | 2,499,415Source | 9,359Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 69,740,174Source | 104,767,013Source | 4,479,423Source | 2,774,932Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 126Source | 1,292Source | 362Source | 282Source |
| Additional Paid in CapitalUSD | 82,933,355Source | 50,313,125Source | 57,023,788Source | 51,677,727Source |
| Retained Earnings (Accumulated Deficit)USD | -33,065,622Source | 57,046,892Source | -25,847,597Source | -24,674,847Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -3,753,485Source | -8,089,854Source | -73,159Source | -205,747Source |
| Stockholders' Equity Attributable to ParentUSD | 46,545,326Source | 105,072,994Source | 31,103,394Source | 29,796,481Source |
| Liabilities and EquityUSD | 118,078,800Source | 213,717,593Source | 35,582,817Source | 32,571,413Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 59,566,898Source | 63,550,543Source | 4,479,423Source | 2,715,154Source |
| Operating Lease, Liability, CurrentUSD | 2,656,508Source | 2,378,896Source | 59,089Source | 95,085Source |
| Operating Lease, Liability, NoncurrentUSD | 3,562,859Source | 5,193,847Source | 0Source | 59,778Source |
| Other Liabilities, NoncurrentUSD | 19,510Source | 6,658,377Source | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,793,300Source | 3,877,586Source | 0Source | 2,999,066Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | 1,111,332Source | 1,095,463Source | — | — |
| Deferred Tax Liabilities, NetUSD | 76,602Source | 6,994,265Source | 18,819Source | 4,409Source |
| Dividends Payable, CurrentUSD | 0Source | 38,671Source | — | — |
| Long-term Debt, Current MaturitiesUSD | 10,581,035Source | 16,789,650Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 6,590,907Source | 14,364,246Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -91,982,136Source | -1,409,849Source | 1,172,750Source | 44,028Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 4,091,449Source | 4,627,557Source | 2,184,011Source | 2,659,221Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 2,606,175Source | — | 3,119,642Source | -916,387Source |
| Increase (Decrease) in InventoriesUSD | 1,278,092Source | — | 514,860Source | -417,886Source |
| Deferred Income Tax Expense (Benefit)USD | -7,303,872Source | -726,735Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 25,358,108Source | 23,916,426Source | 2,206,367Source | 2,771,418Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 0Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -22,003,252Source | -37,434,035Source | -95,961Source | -4,405,409Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 6,184,530Source | 7,164,733Source | 12,465Source | — |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 3,000,000Source | — | 32,322Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -19,404,503Source | 27,712,266Source | -32,322Source | 32,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -12,047,644Source | 9,720,648Source | 2,150,607Source | -1,847,983Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 18,078,300Source | 30,125,944Source | 17,100,280Source | 14,949,673Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,788,823Source | 1,350,751Source | 12,400Source | — |
| Income Taxes Paid, NetUSD | 4,030,212Source | 3,918,277Source | 531,746Source | 549,697Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,002,003Source | -4,474,009Source | 72,523Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 9,165,798Source | 6,373,696Source | 439,933Source | 384,588Source |
| Deferred Other Tax Expense (Benefit)USD | — | 2,618,369Source | — | — |
| DepreciationUSD | 5,984,384Source | 4,416,495Source | 41,380Source | 22,847Source |
| Dividends Payable, CurrentUSD | 0Source | 38,671Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 760,220Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | 760,220Source | -494,825Source | -7,801Source | 261,395Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | — | -34,410Source | 110,053Source |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | 63,646,000Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 8,431,192Source | 5,442,591Source |
| GoodwillUSD | 8,450,955Source | 537,184Source | 10,381,710Source | 10,452,324Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | 22,160,401Source | — | — |
| Income Tax Expense (Benefit)USD | -5,206,194Source | 2,618,367Source | 683,306Source | 419,049Source |
| Net Income (Loss) Attributable to ParentUSD | -91,982,136Source | -1,480,249Source | -1,172,750Source | -250,038Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -2,084,286Source | 70,400Source | 0Source | 294,066Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -89,897,850Source | -1,480,249Source | -1,172,750Source | -250,038Source |
| Nonoperating Income (Expense)USD | — | — | 36,803Source | — |
| Operating ExpensesUSD | 24,026,355Source | — | 10,395,118Source | 8,970,135Source |
| Other Nonoperating Income (Expense)USD | -1,019,322Source | -1,535,186Source | — | 270,585Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 0Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 34,800Source | 0Source | 32,000Source |
| Restructuring CostsUSD | — | 2,184,397Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 43,511,520Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 182,863,373Source | 151,115,532Source | 44,174,052Source | 36,034,856Source |
| Cost of RevenueUSD | 79,406,653Source | 62,543,407Source | 34,305,181Source | 26,872,229Source |
| Selling, General and Administrative ExpenseUSD | 199,625,728Source | 85,828,421Source | — | — |
| Operating Income (Loss)USD | -96,169,008Source | 2,743,704Source | -526,247Source | 192,492Source |
| Other Nonoperating Income (Expense)USD | -1,019,322Source | -1,535,186Source | — | 270,585Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -97,188,330Source | 1,208,518Source | -489,444Source | 463,077Source |
| Income Tax Expense (Benefit)USD | -5,206,194Source | 2,618,367Source | 683,306Source | 419,049Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -2,084,286Source | 70,400Source | 0Source | 294,066Source |
| Net Income (Loss) Attributable to ParentUSD | -91,982,136Source | -1,480,249Source | -1,172,750Source | -250,038Source |
| Earnings Per Share, BasicUSD per share | -7.76Source | -0.01Source | -0.03Source | -0.01Source |
| Earnings Per Share, DilutedUSD per share | -7.76Source | -0.01Source | -0.03Source | -0.01Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 11,589,076Source | 113,511,706Source | 35,420,696Source | 28,042,001Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 11,589,076Source | 113,511,706Source | 35,420,696Source | 28,042,001Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 9,165,798Source | 6,373,696Source | 439,933Source | 384,588Source |
| Current Income Tax Expense (Benefit)USD | 2,097,678Source | 3,345,102Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | 6,373,696Source | 439,933Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 760,220Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | 760,220Source | -494,825Source | -7,801Source | 261,395Source |
| General and Administrative ExpenseUSD | — | — | 8,431,192Source | 5,442,591Source |
| Gross ProfitUSD | 103,456,720Source | 88,572,125Source | 9,868,871Source | 9,162,627Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | -1,172,750Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | 22,160,401Source | — | — |
| Interest ExpenseUSD | 4,578,844Source | 3,521,288Source | 12,400Source | 0Source |
| Interest Income (Expense), NetUSD | — | — | — | 9,190Source |
| Interest Income, OtherUSD | 240,723Source | 218,145Source | 57,004Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -89,897,850Source | -1,480,249Source | -1,172,750Source | -250,038Source |
| Nonoperating Income (Expense)USD | — | — | 36,803Source | — |
| Operating ExpensesUSD | 24,026,355Source | — | 10,395,118Source | 8,970,135Source |
| Other General ExpenseUSD | — | — | — | 0Source |
| Other IncomeUSD | 2,558,579Source | 2,262,782Source | — | — |
| Research and Development ExpenseUSD | 7,097,435Source | — | — | 23,092Source |
| Restructuring CostsUSD | — | 2,184,397Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 43,511,520Source | — |
Filing attachments
meridian_ex991.htm · 8-K · 2026-09-29
EXHIBIT 99.1 Meridian Holdings Provides Update on Brazilian Provisional Measure, Confirms Expected Immaterial Exposure LAS VEGAS, NV - September 29, 2026 - Meridian Holdings Inc. (NASDAQ: MRDN)(the “Company” or “Meridian Holdings”), an international developer, licensor, and operator of online gaming and e-commerce platforms, today provided the below update relating to the Provisional Measure signed by the President of Brazil on September 25, 2026, which prohibits the operation, intermediation …
Read attachment ↗meridian_ex991.htm · 8-K · 2026-07-29
EX-99.1 3 meridian_ex991.htm PRESS RELEASE meridian_ex991.htm EXHIBIT 99.1 Meridian Holdings Announces Leadership Team to Drive Next Stage of Global Expansion Zoran Milošević Appointed Chief Executive Officer; William Scott to Serve as Chairman and Chief Financial Officer; and Michael Prescott Joins Board as Independent Director LAS VEGAS - July 29, 2026 - Meridian Holdings Inc. (NASDAQ: MRDN) ("Meridian" or the "Company"), an international developer, licensor, and global operator of onl…
Read attachment ↗meridian_ex991.htm · 8-K · 2026-07-29
EX-99.1 2 meridian_ex991.htm PRESS RELEASE meridian_ex991.htm EXHIBIT 99.1 Meridian Holdings Reports Second Quarter 2026 Financial Results Revenue Up 16% Year-Over-Year to $50.2 Million Second Consecutive Quarter of GAAP Profitability with Net Income Attributable to MRDN of $2.2 Million and Diluted EPS of $0.17 Adjusted EBITDA Up 43% Year-Over-Year to $5.9 Million Total Debt Reduced 45% Year-Over-Year to $26.7 Million; Cash and Cash Equivalents of $17.3 Million Net Debt Reduced 65% Y…
Read attachment ↗meridian_ex992.htm · 8-K · 2026-07-29
EX-99.2 3 meridian_ex992.htm PRESENTATION OF MERIDIAN HOLDINGS meridian_ex992.htm EXHIBIT 99.2 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
Read attachment ↗meridian_ex991.htm · 8-K · 2026-04-28
EX-99.1 2 meridian_ex991.htm PRESS RELEASE meridian_ex991.htm EXHIBIT 99.1 Meridian Holdings Reports Q1 2026 Financial Results Revenue Up 17% Year-Over-Year to $50.1 Million Returns to Profitability with Net Income of $2.2 Million Adjusted EBITDA Up 26% Year-Over-Year to $6.3 Million, Exceeding Guidance Strengthened Balance Sheet with Cash of $16.2 Million and Net Debt Reduced 62% Year-Over-Year LAS VEGAS, NV - April 28, 2026 - Meridian Holdings Inc. (NASDAQ: MRDN) (“Meridian” or the …
Read attachment ↗