Filing Flows › Meridian Holdings (MRDN) › Q1 2026 › vs Q1 2025
Meridian Holdings (MRDN) Q1 2026 vs Q1 2025 (year over year)
Meridian Holdings's revenue rose $7.4M (+17%) from $42.7M in Q1 2025 to $50.1M in Q1 2026. Gross margin 56.2% against 56.6% (-0.5 pts).
Meridian Holdings, Q1 2026: revenue $50.1M (+17% year over year), operating margin 6.3%, net earnings $2.2M, operating cash flow $5.2M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 56.2% | 56.6% | -0.5 pts |
| Operating margin | 6.3% | -0.2% | +6.5 pts |
| Net margin | 4.3% | -0.6% | +4.9 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $50.1M | $42.7M | $7.4M | +17% |
| Gross profit | $28.1M | $24.2M | $3.9M | +16% |
| Cost of revenue | $22.0M | $18.5M | $3.4M | +19% |
| Operating profit | $3.2M | −$106K | $3.3M | — |
| Operating expenses | $25.0M | $24.3M | $685K | +3% |
| Pre-tax earnings | $2.9M | −$594K | $3.5M | — |
| Other expense, net | $293K | $488K | −$195K | -40% |
| Net earnings | $2.2M | −$258K | $2.4M | — |
| Income tax | $696K | −$336K | $1.0M | — |
| Depreciation & amortization | $2.5M | $2.2M | $308K | +14% |
| Share-based compensation | $248K | $1.0M | −$792K | -76% |
| Working capital & other | $278K | $4.8M | −$4.5M | -94% |
| Operating cash flow | $5.2M | $7.7M | −$2.6M | -33% |
Questions
How much did Meridian Holdings's revenue grow year over year in Q1 2026?
Meridian Holdings's revenue rose $7.4M (+17%) from $42.7M in Q1 2025 to $50.1M in Q1 2026. Gross margin 56.2% against 56.6% (-0.5 pts).