Filing Flows › Meridian (MRBK) › Q2 2025
Meridian (MRBK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Meridian (MRBK) reported revenue of $32.4M for the second quarter 2025 (Q2 2025), +24% from a year earlier and +20% from the quarter before. Operating margin was 22.5%, net earnings $5.6M (17.2% of revenue).
Meridian, Q2 2025: revenue $32.4M (+24% year over year), operating margin 22.5%, net earnings $5.6M, operating cash flow −$12.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.4M | +20% | +24% |
| Operating profit | $7.3M | +132% | +66% |
| Net earnings | $5.6M | +133% | +68% |
| Operating cash flow | −$12.0M | -166% | — |
What changed
Revenue was $32.4M in Q2 2025, up 24% year over year and up 20% from the previous quarter.
Operating profit was $7.3M, a 22.5% margin (up 5.6 points year over year). Of the extra revenue versus a year earlier, 46% reached operating profit, above the 17% margin then. Total costs grew 16% against revenue growth of 24%. The fastest-growing cost line was Credit loss provision (+42%). Net earnings were $5.6M, up 68% year over year. The effective tax rate was 23.3%.
Operating cash flow was −$12.0M. Non-cash charges added back $56K of share-based compensation. Working capital and other items used $17.7M. Capital expenditures of $631K exceeded it, leaving free cash flow of −$12.7M.
Questions
What was Meridian's revenue in the second quarter 2025?
Meridian (MRBK) reported revenue of $32.4M for the second quarter 2025 (Q2 2025), +24% from a year earlier and +20% from the quarter before.
Was Meridian profitable in the second quarter 2025?
Operating profit was $7.3M (22.5% of revenue) and net earnings $5.6M.
Source: Meridian 10-Q on SEC EDGAR.