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Meridian (MRDN) Financials

Meridian logo
$13.31 +2.12 (+18.95%)
As of 05/6/2026 04:00 PM Eastern
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Annual Income Statements for Meridian

Annual Income Statements for Meridian

This table shows Meridian's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2021 2022 2023 2024 2025
Period end date 7/31/2014 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 1/31/2021 10/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -1.38 -3.65 -10 1.80 -1.65 1.77 0.40 -0.54 14 -1.41 -92
Consolidated Net Income / (Loss)		 -1.38 -2.62 -10 1.80 -1.32 1.77 0.40 0.04 14 -1.41 -92
Net Income / (Loss) Continuing Operations		 -1.38 -3.65 -10 1.80 -1.65 1.77 0.40 0.04 14 -1.41 -92
Total Pre-Tax Income 		-1.38 -3.06 -10 1.80 -1.32 1.77 0.40 0.46 15 1.21 -97
Total Operating Income		 -0.52 -2.04 -5.20 -0.25 -0.99 1.81 0.40 0.19 14 2.74 -96
Total Gross Profit		 0.00 0.00 0.02 0.07 0.84 2.86 3.22 9.16 68 89 103
Total Revenue		 0.00 0.00 0.02 0.12 0.92 2.88 5.22 36 93 151 183
Operating Revenue		 0.00 0.00 0.02 0.12 0.92 2.88 5.22 36 93 151 183
Total Cost of Revenue		 0.00 0.00 0.00 0.05 0.07 0.02 2.00 27 25 63 79
Operating Cost of Revenue		 0.00 - 0.00 0.05 0.07 0.02 2.00 27 25 63 79
Total Operating Expenses		 0.52 2.04 5.17 0.32 1.83 1.05 2.82 8.97 54 86 200
Selling, General & Admin Expense		 0.33 1.87 0.31 0.07 0.25 0.38 2.78 8.97 54 86 200
Total Other Income / (Expense), net		 -0.86 -1.02 -4.81 2.05 -0.33 -0.04 -0.00 0.27 1.84 -1.54 -1.02
Interest Expense		 0.60 0.80 1.85 -0.44 0.16 0.04 0.01 0.00 0.04 3.52 4.58
Interest & Investment Income		 - - - - - - - 0.01 0.10 0.22 0.24
Other Income / (Expense), net		 -0.27 -0.22 -2.96 1.61 -0.17 -0.01 0.01 0.26 1.78 1.77 3.32
Income Tax Expense		 0.00 - - - - - 0.00 0.42 1.57 2.62 -5.21
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - 0.00 0.59 0.19 0.07 -2.08
Basic Earnings per Share		 ($0.01) $0.00 ($45.08) $0.04 ($0.17) $0.09 - ($0.01) $0.16 ($0.16) ($7.76)
Weighted Average Basic Shares Outstanding		 255.48M 3.19B 221.96K 49.83M 7.73M 18.76M 19.95M 28.04M 83.48M 9.46M 11.59M
Diluted Earnings per Share		 ($0.01) $0.00 ($45.08) $0.00 ($0.17) $0.06 - ($0.01) $0.16 ($0.16) ($7.76)
Weighted Average Diluted Shares Outstanding		 255.48M 3.19B 0.00 1.80B 7.73M 27.59M 31.59M 28.04M 83.48M 9.46M 11.59M
Weighted Average Basic & Diluted Shares Outstanding		 255.48M 3.19B 33.29M 369.23M 2.84B 2.85B 23.29M - 36.25M 132.09M 12.64M

Quarterly Income Statements for Meridian

This table shows Meridian's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 3.63 3.48 7.04 3.99 0.06 -3.41 1.79 -0.23 -3.58 0.57 -89
Consolidated Net Income / (Loss)		 3.72 3.52 7.55 3.95 0.02 -3.30 1.72 -0.26 -3.73 0.41 -88
Net Income / (Loss) Continuing Operations		 3.72 3.52 7.10 3.95 0.02 -3.30 1.80 -0.26 -3.73 0.41 -88
Total Pre-Tax Income 		4.13 3.84 7.79 4.23 0.54 -1.43 1.76 -0.59 -3.24 0.62 -94
Total Operating Income		 3.93 3.23 6.93 3.69 0.13 -0.98 3.32 -0.11 -2.30 -0.39 -93
Total Gross Profit		 17 16 33 18 22 22 41 24 24 26 28
Total Revenue		 23 22 37 25 39 41 59 43 43 47 50
Operating Revenue		 23 22 37 25 39 41 59 43 43 47 50
Total Cost of Revenue		 6.04 6.12 4.26 7.16 18 19 18 19 19 21 21
Operating Cost of Revenue		 6.04 6.12 4.26 7.16 18 19 18 19 19 21 21
Total Operating Expenses		 13 13 26 14 22 23 38 24 27 27 122
Selling, General & Admin Expense		 13 13 26 14 22 23 38 24 27 27 122
Total Other Income / (Expense), net		 0.21 0.61 1.00 0.54 0.42 -0.46 -1.55 -0.49 -0.94 1.00 -0.60
Interest Expense		 0.02 0.00 0.01 0.00 0.03 0.79 2.70 1.47 1.48 0.51 1.12
Interest & Investment Income		 0.01 0.03 0.05 0.03 0.07 0.06 0.05 0.04 0.02 0.06 0.12
Other Income / (Expense), net		 0.22 0.59 0.95 0.51 0.38 0.28 1.09 0.94 0.53 1.45 0.40
Income Tax Expense		 0.42 0.32 0.69 0.28 0.52 1.86 -0.03 -0.34 0.49 0.20 -5.56
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.09 0.04 - -0.08 -0.10 0.11 - -0.05 -0.30 -0.15 -1.58
Basic Earnings per Share		 $0.04 $0.04 $0.09 $0.05 $0.00 ($0.03) $0.02 $0.00 ($0.03) $0.00 ($7.66)
Weighted Average Basic Shares Outstanding		 83.48M 83.48M 83.48M 83.48M 120.58M 121.51M 113.51M 131.73M 137.97M 139.77M 11.59M
Diluted Earnings per Share		 $0.04 $0.04 $0.09 $0.05 $0.00 ($0.03) $0.02 $0.00 ($0.03) $0.00 ($7.66)
Weighted Average Diluted Shares Outstanding		 83.48M 83.48M 83.48M 83.48M 128.46M 121.51M 113.51M 131.73M 137.97M 142.76M 11.59M
Basic & Diluted Earnings per Share		 - - - - - - - - - - ($7.66)
Weighted Average Basic & Diluted Shares Outstanding		 36.12M 36.13M 36.25M 36.62M 120.84M 128.90M 132.09M 138.39M 139.48M 141.24M 12.64M
Cash Dividends to Common per Share		 - - - - - - - - - - $0.01

Annual Cash Flow Statements for Meridian

This table details how cash moves in and out of Meridian's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2021 2022 2023 2024 2025
Period end date 7/31/2014 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 1/31/2021 10/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.00 -0.00 0.00 0.02 0.42 1.28 9.85 -1.85 7.30 9.72 -12
Net Cash From Operating Activities		 -0.61 -2.01 0.00 -0.02 0.30 1.45 1.88 2.77 24 24 25
Net Cash From Continuing Operating Activities		 -0.46 -1.60 -7.94 0.09 0.08 3.16 4.19 2.68 24 24 25
Net Income / (Loss) Continuing Operations		 -1.38 -2.62 -10 1.80 -1.32 1.77 0.40 -0.04 14 -1.41 -92
Consolidated Net Income / (Loss)		 -1.38 -2.62 -10 1.80 -1.32 1.77 0.40 -0.04 14 -1.41 -92
Depreciation Expense		 0.00 0.00 4.67 0.33 - - 0.00 0.41 3.52 4.42 5.98
Amortization Expense		 - - 0.00 - - 0.00 0.00 - 1.90 6.37 9.17
Non-Cash Adjustments To Reconcile Net Income		 0.86 0.58 0.26 -2.47 1.67 0.15 1.97 2.56 -0.95 8.22 99
Changes in Operating Assets and Liabilities, net		 -0.09 0.03 5.07 0.32 -0.05 1.24 1.82 -0.24 5.16 6.31 2.79
Net Cash From Investing Activities		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.41 -13 -37 -22
Net Cash From Continuing Investing Activities		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.41 -13 -37 -22
Purchase of Property, Plant & Equipment		 0.00 - - - - - 0.00 -0.04 -5.74 -7.16 -6.18
Acquisitions		 - - - - - - 0.00 -4.11 0.00 -24 -8.56
Purchase of Investments		 - - - - - - - - -0.02 0.02 -5.43
Divestitures		 - - - - - - - - 0.00 17 0.00
Other Investing Activities, net		 - - - - 0.00 0.00 0.00 -0.26 -7.35 -24 -1.82
Net Cash From Financing Activities		 0.61 2.01 0.00 0.04 0.12 -0.17 7.97 0.03 -4.15 28 -19
Net Cash From Continuing Financing Activities		 0.61 2.01 0.00 0.04 0.12 -0.17 7.97 0.03 -4.15 28 -19
Repayment of Debt		 -0.00 0.00 - 0.00 -0.04 -0.17 -0.51 - -2.35 -6.15 -24
Repurchase of Common Equity		 - - - - - - - 0.00 0.00 -0.12 -0.12
Payment of Dividends		 - - - - - - - - -1.80 -0.77 -0.14
Issuance of Debt		 0.61 2.01 0.00 0.04 0.04 - - - 0.00 26 2.15
Issuance of Common Equity		 0.00 0.00 0.00 - 0.12 0.00 8.47 - 0.00 8.75 2.96
Other Financing Activities, net		 - - - 0.00 0.00 0.00 0.01 0.03 0.00 0.03 0.00
Effect of Exchange Rate Changes		 - - - - 0.00 - -0.00 -0.25 0.83 -4.47 4.00
Cash Interest Paid		 - - - - 0.00 0.00 0.04 0.00 0.04 1.35 1.79
Cash Income Taxes Paid		 - - - - 0.00 0.00 0.00 0.55 1.99 3.92 4.03

Quarterly Cash Flow Statements for Meridian

This table details how cash moves in and out of Meridian's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 2.33 0.43 4.07 1.22 11 5.58 13 -0.46 -7.53 -0.09 -3.96
Net Cash From Operating Activities		 9.76 5.16 8.37 4.46 -1.90 4.76 17 7.74 2.38 7.03 8.21
Net Cash From Continuing Operating Activities		 9.76 5.16 8.21 4.46 -1.90 4.76 16 7.74 2.38 7.03 8.21
Net Income / (Loss) Continuing Operations		 8.81 3.52 2.01 3.95 0.02 -3.30 -2.08 -0.26 -3.73 0.41 -88
Consolidated Net Income / (Loss)		 8.81 3.52 2.01 3.95 0.02 -3.30 -2.08 -0.26 -3.73 0.41 -88
Depreciation Expense		 1.73 0.93 0.85 1.20 0.83 1.15 1.24 1.44 1.34 1.41 1.79
Amortization Expense		 0.83 0.42 0.54 0.44 1.91 1.96 2.06 2.15 2.47 2.58 1.97
Non-Cash Adjustments To Reconcile Net Income		 -1.17 0.04 -0.92 0.22 1.51 2.48 6.87 2.07 2.51 0.68 94
Changes in Operating Assets and Liabilities, net		 -0.45 0.25 5.73 -1.35 -6.17 2.48 7.67 2.34 -0.21 1.95 -1.29
Net Cash From Investing Activities		 -5.36 -2.31 -5.34 -2.25 -8.94 -11 -16 -5.34 -6.56 -3.20 -6.90
Net Cash From Continuing Investing Activities		 -5.36 -2.31 -5.39 -2.25 -8.94 -11 2.16 -5.34 -6.56 -3.20 -6.90
Purchase of Property, Plant & Equipment		 -2.70 -0.77 -2.27 -0.93 -0.59 -2.46 -3.19 -1.11 -2.47 -0.85 -1.76
Acquisitions		 -2.66 -1.55 4.26 -1.32 15 -10 - -2.77 -3.93 -2.25 0.38
Purchase of Investments		 - 0.01 -0.03 0.01 0.00 -0.01 -0.02 -0.01 -0.02 -0.00 -5.40
Other Investing Activities, net		 - - -7.35 0.00 -23 1.97 -32 -1.46 -0.15 -0.10 -0.12
Net Cash From Financing Activities		 -2.11 -0.95 -1.09 0.82 22 9.55 -5.00 -5.00 -9.30 -2.82 -2.28
Net Cash From Continuing Financing Activities		 -2.11 -0.95 -1.09 0.82 22 9.55 -5.00 -5.00 -9.30 -2.82 -2.28
Repayment of Debt		 - -0.47 -0.71 -0.57 -0.98 -1.55 -0.57 -5.00 -11 -3.83 -4.26
Repurchase of Common Equity		 - 0.94 - - - - -0.12 - - - -0.12
Payment of Dividends		 - -1.42 -0.38 -0.77 - - - 0.00 0.05 -0.05 -0.14
Issuance of Debt		 - - - 2.16 23 1.42 -0.90 0.00 1.80 1.06 -0.71
Issuance of Common Equity		 - - - - - - -0.94 - - - 2.96
Effect of Exchange Rate Changes		 - -1.47 2.12 -1.80 -0.30 1.78 - 2.14 5.96 -1.10 -3.00
Cash Interest Paid		 0.03 0.00 0.00 0.00 0.03 0.06 1.26 0.51 0.47 0.43 0.37
Cash Income Taxes Paid		 0.96 -0.02 1.06 0.49 1.16 1.06 1.21 0.76 1.17 1.12 0.98

Annual Balance Sheets for Meridian

This table presents Meridian's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2021 2022 2023 2024 2025
Period end date 7/31/2014 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 10/31/2021 10/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.16 0.15 0.01 0.09 0.82 3.01 20 33 80 214 118
Total Current Assets		 0.08 0.06 0.01 0.09 0.82 3.01 20 19 27 45 35
Cash & Equivalents		 0.00 0.00 0.00 0.03 0.45 1.73 17 15 20 30 18
Accounts Receivable		 - 0.00 0.01 0.06 0.37 1.27 3.07 3.05 3.07 6.73 8.42
Inventories, net		 - - - - - - 0.00 1.15 0.13 3.94 5.52
Prepaid Expenses		 0.00 - - 0.00 0.00 - 0.11 0.08 0.33 0.96 0.65
Current Deferred & Refundable Income Taxes		 - - - - - - - - 1.00 0.73 0.60
Other Current Assets		 - - - - - - 0.06 0.05 1.99 2.58 2.17
Plant, Property, & Equipment, net		 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.07 28 27 29
Total Noncurrent Assets		 0.00 0.09 0.00 0.00 0.00 0.00 0.42 13 25 141 54
Goodwill		 - - - - - - 0.00 10 15 128 35
Other Noncurrent Operating Assets		 0.00 0.09 - - - - 0.28 0.15 9.99 14 19
Total Liabilities & Shareholders' Equity		 0.16 0.15 0.01 0.09 0.82 3.01 20 33 80 214 118
Total Liabilities		 1.08 2.97 3.99 1.62 2.16 1.97 1.53 2.77 20 105 70
Total Current Liabilities		 1.09 2.97 3.99 1.62 2.16 1.83 1.35 2.72 18 64 60
Short-Term Debt		 - 2.36 0.40 0.05 0.03 1.06 - - 0.00 17 11
Accounts Payable		 0.02 0.08 0.88 1.20 0.89 0.57 1.18 1.40 11 13 21
Current Deferred Revenue		 - - - - - - 0.00 0.18 0.00 1.10 1.11
Current Deferred & Payable Income Tax Liabilities		 - - - - - - 0.00 0.33 3.39 3.77 5.01
Other Current Liabilities		 0.48 0.53 2.46 0.22 1.09 0.17 0.10 0.70 2.88 28 22
Total Noncurrent Liabilities		 0.58 0.00 0.00 0.00 0.00 0.15 0.18 0.06 2.29 41 10
Long-Term Debt		 0.58 - - - 0.00 - - - 0.00 14 6.59
Other Noncurrent Operating Liabilities		 - - - - 0.00 0.15 0.18 0.06 2.29 27 3.58
Total Equity & Noncontrolling Interests		 -0.93 -2.82 -3.98 -1.54 -1.34 1.03 19 30 60 109 48
Total Preferred & Common Equity		 -0.93 -2.82 -3.98 -1.54 -1.34 1.03 19 27 59 105 47
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -0.93 -2.82 -3.98 -1.54 -1.34 1.03 19 27 59 105 47
Common Stock		 15 16 25 25 27 27 43 52 3.05 50 83
Retained Earnings		 -16 -19 -29 -27 -28 -26 -24 -25 59 57 -33
Treasury Stock		 - - - - - - - - 0.00 -0.12 -0.24
Accumulated Other Comprehensive Income / (Loss)		 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.21 -3.31 -8.09 -3.75
Other Equity Adjustments		 - - 0.00 0.00 - - - - 0.00 5.92 0.68
Noncontrolling Interest		 - - - - - - 0.00 3.00 0.95 3.88 1.79

Quarterly Balance Sheets for Meridian

This table presents Meridian's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 4/30/2023 7/31/2023 1/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 35 35 37 192 213 214 210 210
Total Current Assets		 22 22 24 49 57 46 39 39
Cash & Equivalents		 16 16 17 33 38 30 22 22
Accounts Receivable		 3.92 4.25 4.33 7.99 9.16 7.47 7.65 7.67
Inventories, net		 1.86 1.52 2.38 3.34 4.41 4.88 4.76 5.68
Prepaid Expenses		 0.18 0.12 0.14 1.51 1.37 1.03 1.19 0.96
Current Deferred & Refundable Income Taxes		 - - - 0.43 0.30 0.59 0.72 0.67
Other Current Assets		 0.05 0.05 0.05 2.46 3.01 2.29 2.51 2.12
Plant, Property, & Equipment, net		 0.07 0.06 0.04 28 29 28 29 29
Total Noncurrent Assets		 13 13 13 115 128 140 142 142
Goodwill		 10 10 10 105 117 128 129 129
Other Noncurrent Operating Assets		 0.11 0.08 0.34 10 10 13 13 13
Total Liabilities & Shareholders' Equity		 35 35 37 192 213 214 210 210
Total Liabilities		 3.95 4.09 4.95 101 115 102 85 83
Total Current Liabilities		 3.94 4.09 4.69 51 69 62 64 64
Short-Term Debt		 - - - 6.03 17 15 11 11
Accounts Payable		 2.05 2.43 2.87 9.39 12 17 17 19
Current Deferred Revenue		 0.27 0.27 0.13 - 1.25 1.15 1.16 1.07
Current Deferred & Payable Income Tax Liabilities		 0.58 0.23 0.66 3.20 3.31 2.79 3.64 4.00
Other Current Liabilities		 0.73 0.73 0.74 33 35 26 31 30
Total Noncurrent Liabilities		 0.01 0.00 0.26 50 46 40 22 18
Long-Term Debt		 - - - 22 18 13 11 8.75
Other Noncurrent Operating Liabilities		 0.01 0.00 0.26 27 28 26 10 9.52
Total Equity & Noncontrolling Interests		 31 31 32 90 99 112 125 127
Total Preferred & Common Equity		 31 31 32 90 94 109 121 124
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 31 31 32 90 94 109 121 124
Common Stock		 56 57 58 32 38 58 70 73
Retained Earnings		 -26 -27 -26 63 59 57 53 54
Treasury Stock		 -0.03 - - - -0.00 -0.12 -0.12 -0.12
Accumulated Other Comprehensive Income / (Loss)		 0.04 0.12 0.12 -5.41 -3.60 -6.72 -2.52 -3.19
Other Equity Adjustments		 - - - 0.15 0.24 0.38 0.36 0.44
Noncontrolling Interest		 0.00 0.00 - 0.86 4.33 3.85 3.70 3.55

Annual Metrics And Ratios for Meridian

This table displays calculated financial ratios and metrics derived from Meridian's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2021 2022 2023 2024 2025
Period end date 7/31/2014 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 1/31/2021 10/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 343,848,674.00 3,472,433,130.00 13,925,616.00 97,806,673.00 2,292,904,757.00 2,845,318,757.00 21,332,636.00 28,182,575.00 36,134,932.00 - 141,237,872.00
DEI Adjusted Shares Outstanding		 343,848,674.00 3,472,433,130.00 13,925,616.00 97,806,673.00 2,292,904,757.00 2,845,318,757.00 21,332,636.00 28,182,575.00 36,134,932.00 - 11,769,823.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -0.72 0.02 0.00 0.00 0.02 -0.02 0.38 - -7.82
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -0.36 -1.43 -3.64 -0.25 -0.69 1.81 0.40 0.02 12 -3.20 -67
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 20.61% -2.28% -102.76%
Earnings before Interest and Taxes (EBIT)		 -0.78 -2.26 -8.16 1.36 -1.16 1.81 0.41 0.45 16 4.51 -93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.78 -2.26 -3.48 1.69 -1.16 1.81 0.41 0.86 21 15 -78
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.12 -1.30 -0.77 -2.07 -0.45 -0.34 0.00 -13 -12 -74 -4.27
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -0.34 -0.46 -3.33 -1.51 -1.76 0.39 2.13 15 40 110 47
Increase / (Decrease) in Invested Capital		 -0.24 -0.12 -2.87 1.82 -0.25 2.15 0.00 13 25 70 -63
Book Value per Share		 $0.00 $0.00 ($0.29) ($0.02) $0.00 $0.00 $0.89 $0.95 $1.63 $0.82 $0.33
Tangible Book Value per Share		 $0.00 $0.00 ($0.29) ($0.02) $0.00 $0.00 $0.88 $0.49 $1.22 ($0.18) $0.08
Total Capital		 -0.35 -0.46 -3.59 -1.48 -1.31 2.10 19 30 60 140 66
Total Debt		 0.58 2.36 0.40 0.05 0.03 1.06 0.00 0.00 0.00 31 17
Total Long-Term Debt		 0.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14 6.59
Net Debt		 0.58 2.36 0.39 0.03 -0.42 -0.67 -17 -15 -20 1.03 -0.91
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 5.74 7.16 6.18
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.02 -0.55 -3.59 -1.51 -1.76 0.51 1.90 1.62 -11 -32 -32
Debt-free Net Working Capital (DFNWC)		 -1.01 -0.55 -3.59 -1.48 -1.31 2.24 19 17 9.36 -1.69 -14
Net Working Capital (NWC)		 -1.01 -2.91 -3.98 -1.54 -1.34 1.18 19 17 9.36 -18 -24
Net Nonoperating Expense (NNE)		 1.02 1.19 6.37 -2.05 0.62 0.04 0.00 -0.03 -1.53 -1.79 25
Net Nonoperating Obligations (NNO)		 0.59 2.36 0.65 0.03 -0.42 -0.64 -17 -15 -20 1.03 -0.91
Total Depreciation and Amortization (D&A)		 0.00 0.00 4.67 0.33 0.00 0.00 0.00 0.41 5.42 11 15
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.01) $0.00 ($0.30) $0.04 $0.00 $0.00 $0.00 $0.00 ($0.03) ($0.01) ($7.76)
Adjusted Weighted Average Basic Shares Outstanding		 255.48M 3.47B 33.29M 49.83M 1.16B 2.81B 0.00 28.04M 35.42M 113.51M 11.59M
Adjusted Diluted Earnings per Share		 ($0.01) $0.00 ($0.30) $0.00 $0.00 $0.00 $0.00 $0.00 ($0.03) ($0.01) ($7.76)
Adjusted Weighted Average Diluted Shares Outstanding		 255.48M 3.47B 33.29M 1.80B 1.16B 4.14B 0.00 28.04M 35.42M 113.51M 11.59M
Adjusted Basic & Diluted Earnings per Share		 ($0.01) $0.00 ($0.30) $0.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.05B 3.19B 33.29M 369.23M 2.84B 2.85B 0.00 0.00 36.25M 132.09M 12.64M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.36 -1.43 -3.64 -0.18 -0.69 1.27 0.28 0.13 12 1.92 -67
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Meridian

This table displays calculated financial ratios and metrics derived from Meridian's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
DEI Shares Outstanding		 36,124,526.00 36,134,932.00 36,134,932.00 36,615,932.00 36,615,932.00 120,841,977.00 - 132,087,080.00 138,391,378.00 139,483,065.00 141,237,872.00
DEI Adjusted Shares Outstanding		 36,124,526.00 36,134,932.00 36,134,932.00 36,615,932.00 36,615,932.00 120,841,977.00 - 132,087,080.00 138,391,378.00 139,483,065.00 11,769,823.00
DEI Earnings Per Adjusted Shares Outstanding		 0.10 0.10 0.19 0.11 0.00 -0.03 - 0.00 -0.03 0.00 -7.54
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 3.53 2.96 6.32 3.45 0.00 -0.68 3.38 -0.07 -1.61 -0.26 -65
Return On Investment Capital (ROIC_SIMPLE)		 - - 10.53% 10.73% 0.00% -0.51% 2.41% -0.05% -1.09% -0.18% -99.77%
Earnings before Interest and Taxes (EBIT)		 4.15 3.82 7.88 4.20 0.50 -0.70 4.41 0.83 -1.78 1.06 -93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 6.71 5.17 9.27 5.84 3.24 2.41 7.71 4.42 2.03 5.05 -89
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1.50 2.02 -18 3.69 -71 -81 -67 -96 -41 -30 -2.31
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 15 15 40 15 86 95 110 111 125 125 47
Increase / (Decrease) in Invested Capital		 2.03 0.94 25 -0.24 71 81 70 96 39 29 -63
Book Value per Share		 $0.85 $0.86 $1.63 $0.88 $2.45 $0.78 $0.82 $0.82 $0.88 $0.89 $0.33
Tangible Book Value per Share		 $0.50 $0.50 $1.22 $0.54 ($0.43) ($0.19) ($0.18) ($0.14) ($0.06) ($0.04) $0.08
Total Capital		 31 31 60 32 119 134 140 141 147 147 66
Total Debt		 0.00 0.00 0.00 0.00 28 35 31 29 23 20 17
Total Long-Term Debt		 0.00 0.00 0.00 0.00 22 18 14 13 11 8.75 6.59
Net Debt		 -16 -16 -20 -17 -4.38 -3.14 1.03 -1.12 0.37 -2.41 -0.91
Capital Expenditures (CapEx)		 2.70 0.77 2.27 0.93 0.59 2.46 3.19 1.11 2.47 0.85 1.76
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2.08 1.86 -11 2.21 -30 -34 -32 -31 -36 -36 -32
Debt-free Net Working Capital (DFNWC)		 18 18 9.36 20 3.27 4.77 -1.69 -0.99 -13 -14 -14
Net Working Capital (NWC)		 18 18 9.36 20 -2.76 -13 -18 -16 -25 -25 -24
Net Nonoperating Expense (NNE)		 -0.19 -0.56 -1.23 -0.50 -0.01 2.61 1.66 0.18 2.12 -0.67 23
Net Nonoperating Obligations (NNO)		 -16 -16 -20 -17 -4.38 -3.14 1.03 -1.12 0.37 -2.41 -0.91
Total Depreciation and Amortization (D&A)		 2.56 1.35 1.39 1.64 2.74 3.11 3.30 3.59 3.81 3.99 3.76
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.01) ($0.03) $0.09 $0.00 $0.00 ($0.03) $0.02 $0.00 ($0.03) $0.00 ($91.92)
Adjusted Weighted Average Basic Shares Outstanding		 36.11M 36.13M 83.48M 36.28M 120.58M 121.51M 113.51M 131.73M 137.97M 139.77M 965.76K
Adjusted Diluted Earnings per Share		 ($0.01) ($0.03) $0.09 $0.00 $0.00 ($0.03) $0.02 $0.00 ($0.03) $0.00 ($91.92)
Adjusted Weighted Average Diluted Shares Outstanding		 36.11M 36.13M 83.48M 38.78M 128.46M 121.51M 113.51M 131.73M 137.97M 142.76M 965.76K
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($91.92)
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 36.12M 36.13M 36.25M 36.62M 120.84M 128.90M 132.09M 138.39M 139.48M 141.24M 1.05M
Normalized Net Operating Profit after Tax (NOPAT)		 3.53 2.96 6.32 3.45 0.09 -0.68 2.32 -0.07 -1.61 -0.26 -65
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

Golden Matrix Group (GMGI) shows a mix of improving top-line momentum and ongoing profitability challenges in its latest four quarters. Revenue and gross profit tick up through 2025, while net income remains negative and investing cash outflows persist as the company funds growth through acquisitions. Here’s a concise year-over-year snapshot focused on the last four quarters reported.

  • Revenue trend improving in 2025: 2025 Q4 operating revenue was 49,578,644 USD, up from 47,316,308 USD (Q3 2025) and higher than earlier 2025 quarters, signaling ongoing sales growth.
  • Gross profit increasing with solid gross margin: Q4 2025 gross profit reached 28,497,317 USD on 49,578,644 USD of revenue, a margin around 57% that tracks with the prior quarters (Q3 2025: 26,386,423 on 47,316,308).
  • Cash flow from operating activities remains positive in 2025: Net cash from continuing operating activities was 7,739,637 USD (Q1 2025), 2,377,530 USD (Q2 2025), 7,032,428 USD (Q3 2025), and 8,208,513 USD (Q4 2025), indicating ongoing cash generation from core operations.
  • Solid balance-sheet liquidity and equity base: Total assets around 209.8–213.9 million USD in 2025 Q2–Q3, with total liabilities roughly 82.7 million USD and total equity around 110–127 million USD (e.g., Q3 2025: Total Liabilities 82,680,497; Total Equity & Noncontrolling Interests 127,095,095; Total Common Equity 123,543,879).
  • Significant goodwill and intangibles tied to acquisitions: Goodwill is substantial (about 128.9 million USD in 2025 Q3 and around 128–129 million USD across the 2025 quarters), reflecting ongoing acquisition activity and potential future impairment risk. This is a neutral-to-cautious signal for long-term profitability depending on integration outcomes.
  • Non-cash adjustments loom large in cash flow: In 2025 Q4, non-cash adjustments to reconcile net income totaled about 94.1 million USD, which materially boosts reported cash from operations but is not an actual cash inflow. This is a neutral factor for evaluating ongoing cash-generating power.
  • Net income remains predominantly negative in 2025: 2025 Q4 net income attributable to common shareholders was -88,732,197 USD (EPS -7.66), with ongoing quarterly losses contrasting rising revenue. Even with improved operating cash flow, the bottom line shows substantial losses on a per-share basis.
  • Very high SG&A in Q4 2025: Selling, General & Administrative expense surged to 121,867,837 USD in Q4 2025, far exceeding gross profit and signaling compressed profitability unless revenue accelerates meaningfully.
  • Persistent investing outflows to fund growth: Net cash from continuing investing activities remained strongly negative across 2025 (e.g., Q4 -6.90 million USD; Q3 -3.20 million USD; Q2 -6.56 million USD), reflecting ongoing acquisition and capex activity that weighs on cash balances.

Bottom line for investors: GMGI is showing top-line growth and positive operating cash flow in 2025, but the company is currently generating meaningful net losses and absorbing substantial cash outflows tied to acquisitions and SG&A expansion. The large goodwill balance and non-cash income adjustments add further complexity to evaluating true operating profitability. If you're considering GMGI, focus on whether revenue growth can translate into sustained earnings power and whether management’s acquisition-driven strategy will yield meaningful long-term value.

05/07/26 01:11 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Meridian's Financials

When does Meridian's fiscal year end?

According to the most recent income statement we have on file, Meridian's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Meridian's net income changed over the last 10 years?

Meridian's net income appears to be on an upward trend, with a most recent value of -$91.98 million in 2025, rising from -$1.38 million in 2014. The previous period was -$1.41 million in 2024. See Meridian's forecast for analyst expectations on what’s next for the company.

What is Meridian's operating income?
Meridian's total operating income in 2025 was -$96.17 million, based on the following breakdown:
  • Total Gross Profit: $103.46 million
  • Total Operating Expenses: $199.63 million
How has Meridian's revenue changed over the last 10 years?

Over the last 10 years, Meridian's total revenue changed from $0.00 in 2014 to $182.86 million in 2025, a change of 18,286,337,300.0%.

How much debt does Meridian have?

Meridian's total liabilities were at $69.74 million at the end of 2025, a 33.4% decrease from 2024, and a 6,335.4% increase since 2014.

How much cash does Meridian have?

In the past 10 years, Meridian's cash and equivalents has ranged from $0.00 in 2015 to $30.13 million in 2024, and is currently $18.08 million as of their latest financial filing in 2025.

How has Meridian's book value per share changed over the last 10 years?

Over the last 10 years, Meridian's book value per share changed from 0.00 in 2014 to 0.33 in 2025, a change of -12,307.4%.


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Financial statements for NASDAQ:MRDN last updated on 4/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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