Meridian Holdings Inc. income statement
In fiscal 2025, Meridian Holdings Inc. reported revenue of $183m, up 21.0% on the year before, operating income of −$96.2m (a -52.6% margin) and net income of −$92.0m, or −$7.76 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Jul 2014 | 2015Jul 2015 | 2016Jul 2016 | 2017Jul 2017 | 2018Jul 2018 | 2019Jul 2019 | 2021Jan 2021 | 2022Oct 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 36 | 93 | 151 | 183 | 197 |
| Cost of revenue | — | — | — | 0 | 0 | 0 | 2 | 27 | 25 | 63 | 79 | 87 |
| Gross profit | 0 | 0 | 0 | 0 | 1 | 3 | 3 | 9 | 68 | 89 | 103 | 110 |
| Research and development | — | — | — | — | 0 | 0 | 0 | 0 | — | 6 | 7 | — |
| Selling, general and administrative | — | — | — | — | — | — | — | — | 54 | 86 | 200 | 198 |
| General and administrative | 0 | 2 | 0 | 0 | 0 | — | 1 | 6 | — | — | — | — |
| Operating income | −1 | −2 | −5 | −0 | −1 | 2 | 0 | 0 | 14 | 3 | −96 | −88 |
| Interest expense | 1 | 1 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 5 | 2 |
| Net interest income | — | — | — | — | 0 | 0 | 0 | 0 | — | — | — | — |
| Income before tax | −1 | −3 | — | — | — | — | 0 | 0 | 15 | 1 | −97 | −88 |
| Income tax | 0 | 0 | — | — | — | — | 0 | 0 | 2 | 3 | −5 | −4 |
| Net income | −1 | −3 | −10 | 2 | −1 | 2 | 0 | 0 | 14 | −1 | −92 | −84 |
| Diluted EPS | −$0.04 | −$0.00 | −$180.32 | $0.00 | −$0.68 | $0.24 | $0.04 | −$0.04 | $1.92 | −$0.16 | −$7.76 | — |
| Diluted shares (average) | 64m | 797m | 8m | 451m | 290m | 1,035m | 8m | 7m | 7m | 9m | 12m | — |
| EBITDA | −1 | −2 | −1 | 0 | −1 | — | 0 | 1 | 16 | 3 | −90 | −82 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 46 | 43 | 43 | 47 | 50 | 50 | 50 |
| Cost of revenue | 19 | 19 | 19 | 19 | 21 | 21 | 22 | 23 |
| Gross profit | 22 | 27 | 24 | 24 | 26 | 28 | 28 | 27 |
| Research and development | — | — | 0 | 1 | — | — | 0 | 1 |
| Selling, general and administrative | 23 | 27 | 24 | 27 | 27 | 122 | 25 | 24 |
| Operating income | −1 | −0 | −0 | −2 | −0 | −93 | 3 | 2 |
| Interest expense | 1 | 3 | 1 | 1 | 1 | 1 | 0 | 0 |
| Income before tax | −1 | −2 | −1 | −3 | 1 | −94 | 3 | 3 |
| Income tax | 2 | −0 | −0 | 0 | 0 | −6 | 1 | 1 |
| Net income | −3 | −2 | −0 | −4 | 1 | −89 | 2 | 2 |
| Diluted EPS | −$0.36 | −$0.17 | −$0.02 | −$0.31 | $0.00 | −$7.74 | $0.18 | $0.17 |
| EBITDA | 1 | −4 | 2 | −1 | 1 | −92 | 5 | 4 |
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