MRDN
Meridian Holdings Inc.
MRDN lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
MRDN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Unavailable | |
| Strong |
MRDN's balance sheet is currently strong, and its revenue is stable, but its profitability is weak. There isn't enough data to rate its cash flow.
MRDN PE Valuation
MRDN has no meaningful PE right now: it lost money over the past year.
MRDN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect MRDN's earnings to grow and its profitability to improve, with its revenue holding steady.
MRDN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.01 | — |
| Q3 2026 | -$8.10 | -$7.53 |
| Q2 2026 | -$7.05 | -$6.12 |
| Q1 2026 | -$7.58 | -$7.01 |
| Q4 2025 | -$7.76 | -$7.76 |
| Q3 2025 | -$0.57 | -371% |
| Q2 2025 | -$0.93 | -215% |
| Q1 2025 | -$0.57 | -227% |
| Q4 2024 | $0.00 | +$0.24 |
MRDN lost $8.10 per share over the past year, a bigger loss than the year before.
MRDN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $46M | -2.9% |
| Q2 2026 | $50.2M | +16% |
| Q1 2026 | $50.1M | +17% |
| Q4 2025 | $49.6M | +8.1% |
| Q3 2025 | $47.3M | +15% |
| Q2 2025 | $43.2M | +9.7% |
| Q1 2025 | $42.7M | +33% |
| Q4 2024 | $45.9M | +287% |
MRDN's revenue is growing: $46M last quarter, down 2.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -32% | -32 points |
| Q2 2026 | 4.9% | +10 points |
| Q1 2026 | 6.3% | +6.5 points |
| Q4 2025 | -188% | -188 points |
| Q3 2025 | -0.8% | +1.6 points |
| Q2 2025 | -5.3% | -5.7 points |
| Q1 2025 | -0.3% | -6.2 points |
| Q4 2024 | -0.2% | -2.6 points |
MRDN's operating margin was −32% last quarter, down 32 points from the same quarter a year ago, near the bottom of its range since 2020.
MRDN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $4.3M | -30% |
| Q1 2026 | $5.2M | -22% |
| Q4 2025 | $6.4M | -52% |
| Q3 2025 | $6.2M | +168% |
| Q1 2025 | $6.6M | +88% |
| Q4 2024 | $13.4M | +201194% |
| Q3 2024 | $2.3M | +101% |
| Q1 2024 | $3.5M | +778% |
MRDN generated $22M in free cash flow over the past year, about the same as the year before.
MRDN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -84.8K shares |
| 1 year | +6.5% | +778K shares |
| 3 years | +329% | +9.7M shares |
| 5 years | +550% | +10.7M shares |
| Available history | +446% | +10.4M shares |
MRDN has 13M diluted shares, up 6.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $104.9M |
| Q3 2025 | — |
| Q4 2024 | $121,430 |
| Q1 2024 | — |
| Q4 2023 | — |
| Q4 2021 | — |
MRDN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | 0.1x | Very low |
| Q3 2024 | -0.6x | Net Cash |
| Q2 2024 | -0.9x | Net Cash |
| Q1 2024 | -4.1x | Net Cash |
| Q1 2024 | -32.8x | Net Cash |
MRDN has more cash than debt.
MRDN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.5 | Oversold |
| Stochastic | 2.4 | Oversold |
MRDN's weekly RSI is 28 (oversold) and its Stochastic is 2 (oversold).
MRDN PE vs Technology Sector
| Metric | MRDN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
MRDN has no meaningful PE right now: it lost money over the past year.
MRDN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.3 | 44% below |
| 20 week MA | $12.3 | 53% below |
| 50 week MA | $10.6 | 45% below |
| 100 week MA | $14.8 | 61% below |
| 200 week MA | $23.9 | 76% below |
MRDN is in a downtrend: it's below all five of its weekly moving averages, and 76% below its 200-week average.
MRDN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.92 | $84.8 | +971% |
| 2021 | $84.8 | $79.6 | -6.2% |
| 2022 | $79.6 | $29.6 | -63% |
| 2023 | $29.6 | $28.9 | -2.4% |
| 2024 | $28.9 | $24.5 | -15% |
| 2025 | $24.5 | $9.84 | -60% |
| 2026 YTD | $9.84 | $5.77 | -41% |
MRDN has finished five years in a row lower, and it's down 41% so far in 2026.