Filing Flows › Meridian Holdings (MRDN) › Q1 2026 › vs Q4 2025
Meridian Holdings (MRDN) Q1 2026 vs Q4 2025 (quarter over quarter)
Meridian Holdings's revenue rose $525K (+1%) from $49.6M in Q4 2025 to $50.1M in Q1 2026. Gross margin 56.2% against 57.5% (-1.3 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 56.2% | 57.5% | -1.3 pts |
| Operating margin | 6.3% | -188.3% | +194.6 pts |
| Net margin | 4.3% | -178.3% | +182.6 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $50.1M | $49.6M | $525K | +1% |
| Gross profit | $28.1M | $28.5M | −$353K | -1% |
| Cost of revenue | $22.0M | $21.1M | $878K | +4% |
| Operating profit | $3.2M | −$93.4M | $96.5M | — |
| Operating expenses | $25.0M | $122M | −$96.9M | -79% |
| Pre-tax earnings | $2.9M | −$94.0M | $96.8M | — |
| Other expense, net | $293K | $597K | −$305K | -51% |
| Net earnings | $2.2M | −$88.4M | $90.6M | — |
| Income tax | $696K | −$5.6M | $6.3M | — |
| Depreciation & amortization | $2.5M | $3.8M | −$1.3M | -35% |
| Share-based compensation | $248K | $1.1M | −$840K | -77% |
| Working capital & other | $278K | $91.8M | −$91.5M | -100% |
| Operating cash flow | $5.2M | $8.2M | −$3.1M | -37% |
Questions
How much did Meridian Holdings's revenue grow quarter over quarter in Q1 2026?
Meridian Holdings's revenue rose $525K (+1%) from $49.6M in Q4 2025 to $50.1M in Q1 2026. Gross margin 56.2% against 57.5% (-1.3 pts).