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Meridian Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$7.8M in Q2 2026 · $24.6M over twelve months

Operating cash flow$7.8M
Free cash flow+$7.8M
Cash / net income4.0×
Cash conversion cycle-52 days

Analysis

In Q2 2026, Meridian Holdings generated $7.8M of operating cash flow. That is $7.9M more than in Q2 2025 (−$89K).

Over the twelve months to Jun 30, 2026, operating cash flow was $28.2M; the largest uses were net borrowing (+) / repaid (−) ($13.1M), other investing ($10.6M), capital spending ($3.6M); besides operations, cash came from other financing ($28K); the cash balance fell by $4.8M.

Operating cash flow was $7.8M against net income of $2.0M — 4.0× profit, cash ran ahead of reported earnings. The largest differences: payables +$5.2M, depreciation & amortization +$2.7M, receivables −$2.5M.

Its cash conversion cycle was -52 days (receivables 12 + inventory 19 − payables 82): suppliers fund its working capital.

Free cash flow

Meridian Holdings: free cash flow by quarterMeridian Holdings: free cash flow by quarter$2.3MQ3 2024$13.4MQ4 2024$6.6MQ1 2025−$89KQ2 2025$6.2MQ3 2025$6.4MQ4 2025$5.2MQ1 2026$7.8MQ2 2026
Operating cash flow less capital spending.
Meridian Holdings: operating cash flow against capital spendingMeridian Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$4.8M$2.5MQ3 2024$16.6M$3.2MQ4 2024$7.7M$1.1MQ1 2025$2.4M$2.5MQ2 2025$7.0M$850KQ3 2025$8.2M$1.8MQ4 2025$5.2M$0Q1 2026$7.8M$0Q2 2026
Latest (Q2 2026): Operating cash flow $7.8M, Capital spending $0.

Capital allocation, year by year

Meridian Holdings: where the cash came from (up) and went (down), by fiscal yearMeridian Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2023: Operating cash flow $23.7MFY2023: Net borrowing −$2.4MFY2023: Capital spending −$5.7MFY2023: Dividends −$1.8M$23.7MFY2023FY2024: Operating cash flow $23.9MFY2024: Net borrowing $19.8MFY2024: Capital spending −$7.2MFY2024: Buybacks −$123KFY2024: Dividends −$770K$43.7MFY2024FY2025: Operating cash flow $25.4MFY2025: Net borrowing −$19.3MFY2025: Shares issued $3.0MFY2025: Capital spending −$6.2MFY2025: Buybacks −$3.0MFY2025: Dividends −$145K$28.3MFY2025
Over these 3 years operating cash flow totalled $73.0M; the largest uses were net borrowing ($21.7M) and capital spending ($19.1M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$17.3M
Debt$10.2M
Net cash$7.1M
Due within a year$10.0M

Meridian Holdings funds itself: free cash flow was $24.6M over the last twelve months, and $17.3M of cash and investments stands against $10.2M of debt ($10.0M due within a year, 1.7× covered by cash).

Where the cash came from and went

Meridian Holdings: sources (+) and uses (−) of cash, Q2 2026Meridian Holdings: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$7.8MNet borrowing (+) / repaid (−)−$3.4MOther investing−$1.7MExchange rates−$1.6MCash drawn (+) / kept (−)−$1.1M
Meridian Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Meridian Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$28.2MNet borrowing (+) / repaid (−)−$13.1MOther investing−$10.6MExchange rates−$5.7MCash drawn (+) / kept (−)$4.8MCapital spending−$3.6MOther financing$28K

From profit to cash

Meridian Holdings: net income to operating cash flow, Q2 2026Meridian Holdings: net income to operating cash flow, Q2 2026Net income$2.0MDepreciation & amortization$2.7MStock-based pay−$97KReceivables−$2.5MInventory$252KPayables$5.2MDeferred revenue−$41KPrepaid and other assets−$709KOther liabilities$562KIncome taxes payable−$193KOperating cash flow$7.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 2026121982-52
Q1 2026122180-46
Q4 2025142485-46
Q3 2025142376-39
Q2 2025152381-43
Q1 2025142173-38
Q4 2024152061-26
Q3 2024181953-17

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$7.8M———−$3.4M—−$1.1M$7.8M
Q1 2026$5.2M———−$4.6M—$1.8M$5.2M
Q4 2025$8.2M−$1.8M—$105M−$3.3M—$4.0M$6.4M
Q3 2025$7.0M−$850K——−$2.9M−$35K$94K$6.2M
Q2 2025$2.4M−$2.5M——−$10.0M—$7.5M−$89K
Q1 2025$7.7M−$1.1M−$488K—−$5.0M—$464K$6.6M
Q4 2024$16.6M−$3.2M—−$121K−$3.9M—$8.3M$13.4M
Q3 2024$4.8M−$2.5M——−$133K—−$5.6M$2.3M

Meridian Holdings: income statement and cash flow

Meridian Holdings, Q2 2026: revenue $50.2M (+16% year over year), operating margin 4.9%. The chart follows the revenue to costs, profit and cash.

Meridian Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.