Filing Flows › Meridian (MRBK) › Q4 2024
Meridian (MRBK) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 17, 2025
Meridian (MRBK) reported revenue of $32.6M for the fourth quarter 2024 (Q4 2024), +30% from a year earlier and +12% from the quarter before. Operating margin was 23.3%, net earnings $5.6M (17.2% of revenue).
Meridian, Q4 2024: revenue $32.6M (+30% year over year), operating margin 23.3%, net earnings $5.6M, operating cash flow −$704K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.6M | +12% | +30% |
| Operating profit | $7.6M | +22% | +946% |
| Net earnings | $5.6M | +18% | +883% |
| Operating cash flow | −$704K | — | — |
What changed
Revenue was $32.6M in Q4 2024, up 30% year over year and up 12% from the previous quarter.
Operating profit was $7.6M, a 23.3% margin (up 20.4 points year over year). Of the extra revenue versus a year earlier, 91% reached operating profit, above the 3% margin then. Total costs grew 3% against revenue growth of 30%. Net earnings were $5.6M, up 883% year over year. The effective tax rate was 26.3%.
Operating cash flow was −$704K. Non-cash charges added back $657K of share-based compensation. Working capital and other items used $7.0M. Capital expenditures of $346K exceeded it, leaving free cash flow of −$1.1M.
Questions
What was Meridian's revenue in the fourth quarter 2024?
Meridian (MRBK) reported revenue of $32.6M for the fourth quarter 2024 (Q4 2024), +30% from a year earlier and +12% from the quarter before.
Was Meridian profitable in the fourth quarter 2024?
Operating profit was $7.6M (23.3% of revenue) and net earnings $5.6M.
Source: Meridian 10-K on SEC EDGAR.