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NASDAQ · SERVICES-PREPACKAGED SOFTWARE · SMALL CAP

Meridian Holdings Inc. MRDN

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$182.9M
▲ 21.0% YoY
$-92.0M
$19.2M
▲ 14.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company operates online sports betting, online casino, and gaming operations in more than 15 jurisdictions across Europe, Africa and Central and South America, provides Software-as-a-Service solutions for online casino and sports betting operators, and offers pay-to-enter prize competitions in the United Kingdom and conducts trade promotions in Australia. It employs approximately 1,200 personnel and operates both online and approximately 740 company-owned or franchised betting shops focused on sports betting, online casino games, and virtual games. Through its subsidiary RKingsCompetitions Ltd., the company operates pay-to-enter prize competitions throughout the UK offering prizes such as cars, motorbikes, watches, technology, holidays and luxury gadgets, and RKings does not offer online sports betting or online casino services. Its subsidiary Classics For a Cause rewards its members with free entries into promotional giveaways featuring luxury, classic, and exotic motor vehicles. The company was incorporated in the State of Nevada on June 4, 2008, originally operating as a mining and mineral exploration company under various names. In April 2016, the company changed its name to Golden Matrix Group, Inc. and transitioned its business focus from mining to software technology and online gaming.

Written from the business description in Meridian Holdings Inc./NV's annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

USD 182.9M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 182.9 · Net income -92.0
100M200M-40M-80M
2009201220152018202120242025
Compound annual growth
+71.8%
+103.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +103.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−50 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -52.6% · Net -50.3%
-10000%-20000%
200920172025
ROE
FY2025 · ROE -121.3%
-10000%-20000%
200920172025
Three returns, three denominators.

Each USD of equity lost 121 cents this year.

Cash & shareholders

USD 3.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 19.2
10M20M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 0.1 · Net buybacks 3.0
2M3MDividendsNet buybacks
2022202320242025

USD 144,782.00 in dividends and USD 3.0M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 118.1M
EquityUSD 46.5M
CashUSD 18.1M
Gross debtUSD 17.2M
Net debtUSD -906,358.00
Current ratio0.59×

The company holds more cash than debt.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
MRDN, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.20.20.10.00.00.00.00.00.00.00.00.0◌◌◌◌◌
Operating income $B−0.10.00.00.0◌0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0◌◌◌
EBITDA $B−0.10.00.00.0◌0.0◌◌◌◌−0.0−0.0−0.0−0.0◌◌◌
Income tax $B−0.00.00.00.0◌0.0◌◌◌◌0.00.0◌◌◌◌◌
Net income $B−0.1−0.00.00.0◌0.00.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.00.00.00.0◌◌◌◌◌◌−0.0−0.0◌−0.0◌◌◌
EPS, diluted $−7.76−0.160.160.01◌0.010.06−0.170.00−45.08−0.00−0.01−0.01−0.01◌◌◌
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %−0−5513——————————————
ROE %−121.3−1.731.90.2◌5.6——————————−21328.6
Shares out B0.010.130.080.030.030.022.852.620.140.000.003.470.100.050.05◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Eight checks were skipped: the balance sheet is not tagged before 2011. Seven checks were skipped: revenue is not tagged before 2014. Four checks were skipped: EPS is not tagged before 2011.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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