Filing Flows › Meridian Holdings (MRDN) › Q1 2026
Meridian Holdings (MRDN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Meridian Holdings (MRDN) reported revenue of $50.1M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +1% from the quarter before. Operating margin was 6.3%, net earnings $2.2M (4.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $50.1M | +1% | +17% |
| Gross profit | $28.1M | -1% | +16% |
| Operating profit | $3.2M | — | — |
| Net earnings | $2.2M | — | — |
| Operating cash flow | $5.2M | -37% | -33% |
What changed
Revenue was $50.1M in Q1 2026, up 17% year over year and up 1% from the previous quarter.
Gross margin was 56.2%, down 0.5 points from Q1 2025. Operating profit was $3.2M, a 6.3% margin (up 6.5 points year over year). Operating expenses grew 3% against revenue growth of 17%. Net earnings were $2.2M. The effective tax rate was 24.3%.
Operating cash flow was $5.2M (down 33% year over year), 238% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $248K of share-based compensation. Working capital and other items added $278K.
Questions
What was Meridian Holdings' revenue in the first quarter 2026?
Meridian Holdings (MRDN) reported revenue of $50.1M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +1% from the quarter before.
Was Meridian Holdings profitable in the first quarter 2026?
Operating profit was $3.2M (6.3% of revenue) and net earnings $2.2M.
Source: Meridian Holdings 10-Q on SEC EDGAR.