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MRDN · Meridian Holdings Inc./NV

Track MRDN — free
$14.14 +0.15 (+1.07%) At close · Aug 21
Market Cap
$179.15M
Shares
12.67M

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$14.14 Open$13.99 Day$13.49–14.45 Since split$6.07–14.72 Avg vol 30d78K Short int58K · 0.5% float · 1.0d Short vol47% Last earningsJul 29, 2026 DataMar 2026–Aug 2026 Filing10-Q · Jul 29

Raw chart and full-history price indicators begin at the captured split on Mar 3, 2026; bars on opposite sides are not compared.

The closing range begins at the captured split on Mar 3, 2026.

Up next

Next earnings call
Oct 28, 2026 Est · unconfirmed · in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
filed Jul 29, 2026

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Buy Momentum Limited Sentiment Bearish Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 15.1 · calm Equity put/call 0.51
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 50-day avg +4%
above
RSI (14) 54
neutral
MACD trend Positive
52-week position 93%
near high
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Limited
Not enough data for a confident read.
Sentiment
smart money
Bearish
Trend (MA cross) No cross
50/200-day averages unavailable
Institutional flow Distributing
-15% holders QoQ · +12 funds added
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
0.45% of float · ▲ +11.0% MoM · 1.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
39 holders — 13F breadth
Squeeze score 47
elevated · 0–100
Fundamentals
Strong
Revenue growth +21%
Y/Y
Gross margin 57%
contracting
EPS growth −4750%
Y/Y
Free cash flow $19.2M
Buyback $3.0M
authorized
Balance sheet $2.2M
net debt
Quant / Vol
risk profile
Very High
Volatility 116%
annualized · 1-yr
Max drawdown −43%
past year
ATR 7.7%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Technicals

trend & momentum for long-term holders Buy
0 · 3 · 3
50 / 200-day cross
No cross Neutral
Price vs 50-day avg
+4% Bullish
RSI (14)
54 Neutral
MACD trend
Positive Bullish
52-week position
93% Bullish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50/200-day averages unavailable
Institutional flow Distributing
-15% holders QoQ · +12 funds added
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
0.45% of float · ▲ +11.0% MoM · 1.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
39 holders — 13F breadth
Price context
position in its range since split · 2026-03-03
Range low $6 Now $14 · 93% Range high $15
vs 50-day avg +4%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Active VIP subscriptions (Classics for a Cause) 10,100 Q2 2026
Adjusted EBITDA non-GAAP $12,210,593 Six Months Ended June 30, 2026
Adjusted EBITDA growth non-GAAP 43% second quarter
Adjusted EBITDA margin non-GAAP 11.8% Q2 2026
Annualized six-month 2026 Adjusted EBITDA non-GAAP $24,421,186 As of June 30, 2026
Betting gross gaming revenue growth (Meridianbet Group) 37% Q2 2026
EBITDA non-GAAP $11,239,739 Six Months Ended June 30, 2026
Expanse Studios gross gaming revenue growth 90% Q2 2026
Expanse Studios revenue growth 138% Q2 2026
First-time depositors growth (Meridianbet Group) 24% Q2 2026
MexPlay first-time depositors growth 53% Q2 2026
MexPlay new customer registrations growth 50% Q2 2026
MexPlay revenue growth 31% Q2 2026
Net debt non-GAAP $9,427,706 As of June 30, 2026
Net debt leverage ratio non-GAAP 0.39 As of June 30, 2026
Net debt reduction non-GAAP 65% second quarter
New customer registrations growth (Meridianbet Group) 37% Q2 2026
New games deployed (GMAG) 2,382 Q2 2026
New users growth (Classics for a Cause) 28% Q2 2026
Operating cash flow $7.8M Q2 2026
RKings revenue $7M second quarter
Total deposit volume growth (Meridianbet Group) 24% Q2 2026

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Gambling — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
MRDN
Meridian Holdings Inc./NV
this stock
$179.15M +21.0% 0.5%
DKNG
DraftKings Inc.
$23.28B -24.1% +27.0% 4.3%
GRKZF
Greek Organisation of Football Prognostics S.A.
$18.62B 0.0%
FLUT
Flutter Entertainment plc
$17.81B -52.3% +16.6% 6.0%
SGHC
Super Group (SGHC) Ltd
$6.76B +11.4% 5.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
39
% held
5.2%
Net QoQ
+153.3K sh
Top holder
Topline Capital Managemen…
Held Float
View
Held by Funds
Fund positions
49
View
Short & Settlement
Short Interest Rising
Shares short
57.6K
Days to cover
1.0d
Change
+5.7K sh
View
Short Volume
Short vol %
47%
As of
Aug 21, 2026
Short Total
View
Fails to Deliver
FTD shares
623
Value
$7.5K
As of
Jul 24, 2026
View
Off-Exchange
Off-exchange %
39.0%
Week of
Jul 13, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$182.9M
Net income (FY)
$-92.0M
EPS diluted
$-7.76
View
Buybacks
Authorized
$3.0M
View
Filings
SEC Filings
Latest
8-K
Filed
Jul 29, 2026
This year
13
View
Proposed Sales
Value
$15.0K
Shares
1.0K
Filed
Jul 14, 2026
View
Exempt Offerings
Offering
$3.1M
Filed
Aug 27, 2020
View
Earnings & Events
Earnings Calls
Last call
Jul 29, 2026
View

Performance

Raw-price comparisons begin at the captured split on Mar 3, 2026; windows that need an earlier baseline remain unavailable.

5D 20D 120D MTD YTD
MRDN -1.1% +6.6% +25.5%
SPY -1.4% +3.6% +11.6% +2.5% +12.3%
vs SPY +0.3% +3.0% +23.0%

Capital returns

Buyback program · as of Dec 15, 2025
Authorized
$3.00M
Spent (derived)
Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1437925 CUSIP 381098409 13F (30d) 35 filings 35 filers Visit website