Filing Flows › Meridian (MRBK) › Q1 2026 › vs Q4 2025
Meridian (MRBK) Q1 2026 vs Q4 2025 (quarter over quarter)
Meridian's revenue fell $4.0M (-12%) from $34.2M in Q4 2025 to $30.2M in Q1 2026. Operating margin 8.6% against 27.2% (-18.6 pts).
Meridian, Q1 2026: revenue $30.2M (+12% year over year), operating margin 8.6%, net earnings $2.0M, operating cash flow $2.9M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 8.6% | 27.2% | -18.6 pts |
| Net margin | 6.6% | 21.0% | -14.4 pts |
| Free cash flow margin | 8.7% | -19.2% | +27.9 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $30.2M | $34.2M | −$4.0M | -12% |
| Operating profit | $2.6M | $9.3M | −$6.7M | -72% |
| Costs & expenses | $27.7M | $24.9M | $2.7M | +11% |
| Pre-tax earnings | $2.6M | $9.3M | −$6.7M | -72% |
| Credit loss provision | $7.5M | $3.3M | $4.2M | +128% |
| Noninterest expense | $20.2M | $21.7M | −$1.5M | -7% |
| Net earnings | $2.0M | $7.2M | −$5.2M | -72% |
| Income tax | $582K | $2.1M | −$1.5M | -72% |
| Working capital & other | $857K | −$14.3M | $15.1M | — |
| Operating cash flow | $2.9M | −$6.2M | $9.0M | — |
| Free cash flow (OCF − capex) | $2.6M | −$6.6M | $9.2M | — |
| Capital expenditures | $227K | $394K | −$167K | -42% |
Questions
How much did Meridian's revenue grow quarter over quarter in Q1 2026?
Meridian's revenue fell $4.0M (-12%) from $34.2M in Q4 2025 to $30.2M in Q1 2026. Operating margin 8.6% against 27.2% (-18.6 pts).