Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.0K | $120K | $0.00 | $453K | — | $5.22M | $36.0M | $93.0M | $151M | $183M |
| Revenue growth | — | 500.0% | -100.0% | — | — | — | 589.9% | 158.1% | 62.5% | 21.0% |
| Gross profit | $20.0K | $70.0K | $844K | $2.86M | — | $3.22M | $9.16M | $68.2M | $88.6M | $103M |
| Gross margin | 100.0% | 58.3% | — | 631.7% | — | 61.7% | 25.4% | 73.4% | 58.6% | 56.6% |
| Operating income | -$5.20M | -$250K | -$991K | $1.81M | — | $399K | $192K | $13.8M | $2.74M | -$96.2M |
| Operating margin | -25981.8% | -208.7% | — | 400.3% | — | 7.6% | 0.5% | 14.8% | 1.8% | -52.6% |
| Net income | -$10.0M | $1.80M | -$1.32M | $1.77M | — | $398K | $44.0K | $13.7M | -$1.41M | -$92.0M |
| Net margin | -50031.2% | 1500.9% | — | 390.9% | — | 7.6% | 0.1% | 14.7% | -0.9% | -50.3% |
| EPS (diluted) | -$45.08 | $0.00 | -$0.17 | $0.06 | — | $0.01 | -$0.01 | $0.16 | -$0.16 | -$7.76 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.30K | -$15.1K | $303K | $1.45M | — | $1.88M | $2.77M | $23.7M | $23.9M | $25.4M |
| Capital expenditures | — | — | — | — | — | — | $36.8K | $5.74M | $7.16M | $6.18M |
| Free cash flow | — | — | — | — | — | — | $2.73M | $17.9M | $16.8M | $19.2M |
| Share buybacks | — | — | — | — | — | — | $0.00 | $32.3K | — | $3.00M |
| Dividends paid | — | — | — | — | — | — | — | $1.80M | $770K | $145K |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.30K | $25.2K | $447K | $1.73M | $1.86M | $16.8M | $13.1M | $20.4M | $30.1M | $18.1M |
| Total assets | $12.3K | $87.7K | $820K | $3.01M | $3.71M | $20.5M | $32.6M | $79.9M | $214M | $118M |
| Total liabilities | $3.99M | $1.62M | $2.16M | $1.97M | $1.23M | $1.53M | $2.77M | $19.9M | $105M | $69.7M |
| Long-term debt | — | — | — | — | — | — | — | $0.00 | $14.4M | $6.59M |
| Shareholders' equity | -$3.98M | -$1.54M | -$1.34M | $1.03M | $2.47M | $13.3M | $26.8M | $59.0M | $105M | $46.5M |
| Retained earnings | -$28.7M | -$26.9M | -$28.2M | -$26.4M | -$25.5M | -$24.4M | -$24.7M | $59.3M | $57.0M | -$33.1M |
| Shares (wtd avg diluted) | 222K | 1.80B | 1.16B | 4.14B | 19.0M | 31.6M | 28.0M | 83.5M | 9.46M | 11.6M |
Every figure is extracted from Meridian Holdings Inc./NV’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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