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Meridian Holdings (MRDN) Price & Analysis
MRDN Stock Chart & Stats
- Day’s Range
- $9.58 - $10.11
- 52-Week Range
- $5.80 - $16.09
- Previous Close
- $10.03
- Volume
- 92.17K
- Average Volume (3M)
- 37.59K
- Market Cap
- $123.84M
- Enterprise Value
- $177.80M
- Total Cash (Recent Filing)
- $17.32M
- Total Debt (Recent Filing)
- $16.36M
- Price to Earnings (P/E)
- ―
- Beta
- 0.55
- Next Earnings
- Nov 06, 2026
- EPS Estimate
- 0.17
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Revenue Growth
Revenue expansion provides evidence that Meridian is sustaining demand over time rather than relying solely on a temporary event. Continued top-line growth can support operating scale and help the company absorb fixed costs, although profitability conversion remains important.
Cash Generation
Positive and improving operating and free cash flow is a meaningful financial strength because it can fund ongoing operations internally despite reported losses. If sustained, this cash generation may provide greater resilience and reduce reliance on external financing.
Manageable Leverage
The lower debt-to-equity ratio indicates some balance-sheet de-risking and suggests leverage is not currently the primary financial constraint. This gives Meridian more flexibility to manage obligations and allocate cash toward operations, provided losses do not continue weakening equity.
Bears Say
Severe Profitability Deterioration
The scale of the net loss and deeply negative return on equity indicates that Meridian is currently destroying shareholder value rather than converting revenue into durable earnings. Persistent losses could weaken the equity base, constrain reinvestment, and reduce financial flexibility.
Cost Structure Pressure
Although gross margin has remained relatively steady, expenses below gross profit are more than offsetting that contribution and producing negative EBIT. This points to a structural operating-cost problem that must be addressed before revenue growth can translate into sustainable profitability.
Declining Asset Base
A shrinking asset base alongside substantial losses may indicate contraction or asset revaluation over time, reducing the resources supporting the business. Combined with weaker equity quality, this can limit future operating capacity and make recovery more dependent on improved performance.
Meridian Holdings News
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Meridian Holdings Stock Smart Score
Company Description
Meridian Holdings
Meridian Holdings Inc., formerly Golden Matrix Group, Inc., is a B2B and B2C gaming technology group operating online and retail sports betting, gaming, and casino platforms across more than 20 regulated international markets. Its B2C division is led by Meridianbet Group, an online sports betting and gaming operator founded in 2001 and licensed across Europe, Africa, and South America. The B2C division also includes RKings Competitions, which runs pay-to-enter prize competitions in the UK; MexPlay, a regulated online casino in Mexico; and Classics for a Cause, a subscription-based digital membership and trade-promotion lottery business in Australia. The B2B division, made up of game developer Expanse Studios and iGaming platform GMAG, develops, licenses, and distributes proprietary gaming technology to operators worldwide. The company was incorporated in Nevada on June 4, 2008, and is headquartered in Las Vegas, Nevada.
- Sector
- Consumercyclical
- Industry
- Gambling, Resorts & Casinos
- CEO
- Zoran Milosevic
- Employees
- 1,200
- Website
- www.meridian-holdings.com
- Address
- 3651 Lindell Road, Las Vegas, NV, 89103, US
Meridian Holdings (MRDN) Earnings & Revenues
MRDN Earnings Call
Earnings Call SentimentPositive
The earnings call highlights significant revenue growth, successful acquisition integrations, and strong performance in key segments like GMAG and Merdianbet, despite facing some one-off costs and minor challenges in the RKings division. The outlook remains very positive with continued growth expected.
View all MRDN earnings summariesMRDN Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 2 | 14 |
| Technical Analysis | 6 | 2 | 2 |
| Moving Averages | 0 | 0 | 12 |



