Filing Flows › Meridian (MRBK) › Q3 2025
Meridian (MRBK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Meridian (MRBK) reported revenue of $33.1M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +2% from the quarter before. Operating margin was 26.2%, net earnings $6.7M (20.1% of revenue).
Meridian, Q3 2025: revenue $33.1M (+14% year over year), operating margin 26.2%, net earnings $6.7M, operating cash flow $24.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.1M | +2% | +14% |
| Operating profit | $8.7M | +19% | +39% |
| Net earnings | $6.7M | +19% | +40% |
| Operating cash flow | $24.4M | — | -22% |
| Free cash flow | $24.0M | — | -27% |
What changed
Revenue was $33.1M in Q3 2025, up 14% year over year and up 2% from the previous quarter.
Operating profit was $8.7M, a 26.2% margin (up 4.7 points year over year). Of the extra revenue versus a year earlier, 61% reached operating profit, above the 21% margin then. Total costs grew 7% against revenue growth of 14%. The fastest-growing cost line was Credit loss provision (+25%). Net earnings were $6.7M, up 40% year over year. The effective tax rate was 23.2%.
Operating cash flow was $24.4M (down 22% year over year), 366% of net earnings. Non-cash charges added back $102K of share-based compensation. Working capital and other items added $17.6M. Capital expenditures of $448K left free cash flow of $24.0M.
Questions
What was Meridian's revenue in the third quarter 2025?
Meridian (MRBK) reported revenue of $33.1M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +2% from the quarter before.
Was Meridian profitable in the third quarter 2025?
Operating profit was $8.7M (26.2% of revenue) and net earnings $6.7M.
Source: Meridian 10-Q on SEC EDGAR.