Filing Flows › Meridian (MRBK) › Q1 2026
Meridian (MRBK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Meridian (MRBK) reported revenue of $30.2M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -12% from the quarter before. Operating margin was 8.6%, net earnings $2.0M (6.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.2M | -12% | +12% |
| Operating profit | $2.6M | -72% | -18% |
| Net earnings | $2.0M | -72% | -16% |
| Operating cash flow | $2.9M | — | -84% |
| Free cash flow | $2.6M | — | -85% |
What changed
Revenue was $30.2M in Q1 2026, up 12% year over year and down 12% from the previous quarter.
Operating profit was $2.6M, a 8.6% margin (down 3.0 points year over year). Operating profit fell $557K even though revenue rose $3.1M versus Q1 2025, so costs grew faster than sales. Total costs grew 15% against revenue growth of 12%. The fastest-growing cost line was Credit loss provision (+44%). Net earnings were $2.0M, down 16% year over year. The effective tax rate was 22.5%.
Operating cash flow was $2.9M (down 84% year over year), 143% of net earnings. Working capital and other items added $857K. Capital expenditures of $227K left free cash flow of $2.6M.
Questions
What was Meridian's revenue in the first quarter 2026?
Meridian (MRBK) reported revenue of $30.2M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -12% from the quarter before.
Was Meridian profitable in the first quarter 2026?
Operating profit was $2.6M (8.6% of revenue) and net earnings $2.0M.
Source: Meridian 10-Q on SEC EDGAR.