Filing Flows › Meridian (MRBK) › Q4 2025
Meridian (MRBK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 13, 2026
Meridian (MRBK) reported revenue of $34.2M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +4% from the quarter before. Operating margin was 27.2%, net earnings $7.2M (21.0% of revenue).
Meridian, Q4 2025: revenue $34.2M (+5% year over year), operating margin 27.2%, net earnings $7.2M, operating cash flow −$6.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.2M | +4% | +5% |
| Operating profit | $9.3M | +7% | +22% |
| Net earnings | $7.2M | +8% | +28% |
| Operating cash flow | −$6.2M | -125% | — |
What changed
Revenue was $34.2M in Q4 2025, up 5% year over year and up 4% from the previous quarter.
Operating profit was $9.3M, a 27.2% margin (up 3.8 points year over year). Of the extra revenue versus Q4 2024, 102% reached operating profit, above the 23% margin then. Total costs fell 0% while revenue rose 5%. Net earnings were $7.2M, up 28% year over year. The effective tax rate was 22.7%.
Operating cash flow was −$6.2M. Non-cash charges added back $913K of share-based compensation. Working capital and other items used $14.3M. Capital expenditures of $394K exceeded it, leaving free cash flow of −$6.6M.
Questions
What was Meridian's revenue in the fourth quarter 2025?
Meridian (MRBK) reported revenue of $34.2M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +4% from the quarter before.
Was Meridian profitable in the fourth quarter 2025?
Operating profit was $9.3M (27.2% of revenue) and net earnings $7.2M.
Source: Meridian 10-K on SEC EDGAR.