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Meridian Holdings (MRDN) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Jul 29, 2026 · Meridian Holdings (MRDN) Q2 2026 earnings results →
Q2 2026 Revenue up 16% year over year to $50.2M · 4¢ of every $1 of revenue kept as net profit · operating margin 4.9%
Meridian Holdings made $50.2M in Q2 2026 (+16% Y/Y). Operating margin 4.9%, net earnings $2.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jul 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $50.2M in Q2 2026, up 16% year over year and roughly flat from the previous quarter.
Gross margin was 53.5%, down 2.9 points from Q2 2025. Operating profit was $2.4M, a 4.9% margin (up 10.2 points year over year). Operating expenses fell 8% while revenue rose 16%. Net earnings were $2.0M. The effective tax rate was 24.1%.
Operating cash flow was $7.8M (up 228% year over year), 398% of net earnings. Non-cash charges added back $2.7M of depreciation and amortization. Working capital and other items added $3.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Jul 29, 2026 | $50.2M | +16% | 4.9% | $2.0M | $7.8M |
| Q1 2026 | 10-Q | Apr 28, 2026 | $50.1M | +17% | 6.3% | $2.2M | $5.2M |
| Q4 2025 | 10-K | Mar 31, 2026 | $49.6M | +8% | -188.3% | −$88.4M | $8.2M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $47.3M | +15% | -0.8% | $414K | $7.0M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $43.2M | +10% | -5.3% | −$3.7M | $2.4M |
| Q1 2025 | 10-Q | May 8, 2025 | $42.7M | +72% | -0.2% | −$258K | $7.7M |
| Q4 2024 | 10-K | Mar 24, 2025 | $45.9M | +82% | -0.2% | −$2.1M | $16.6M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Meridian Holdings
Meridian Holdings Inc. (NASDAQ: MRDN), headquartered in Las Vegas, Nevada, is an established B2B and B2C gaming technology group operating across 20+ international regulated markets. The Company’s B2C division is led by Meridianbet Group, a leading online sports betting and gaming operator founded in 2001 and licensed across Europe, Africa, and South America. Meridian’s B2B division - comprising game developer Expanse Studios and iGaming platform GMAG - develops, licenses, and distributes proprietary gaming technology to a global client base. Additional subsidiaries include RKings Competitions (pay-to-enter prize competitions in the UK), MexPlay (regulated online casino in Mexico), and Classics for a Cause (Australia’s leading subscription-based digital memberships and trade-promotion lottery).
In its own words, from its 8-K, filed Jul 29, 2026.
Meridian Holdings against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +16%. Operating margin: 4.9% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MRDN Meridian Holdings | Q2 2026 | $50.2M | +16% | 4.9% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Meridian Holdings 10-Q on SEC EDGAR · CIK 1437925 · Services-Prepackaged Software
13F: who owns MRDN and who is buying
More on MRDN
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results