Meridian Holdings Inc./NV

Listed Company

MRDNCIK 0001437925NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareNevadaFY ends Dec 31

Period

FY 2025

Revenue

$182.86M

Net Income

$-91.98M

Total Assets

—

Equity

—

Shares Out

12.67M

Op. Cash Flow

$25.36M

MRDN$13.47+82.03% · past 4 monthsDBEQ Basic

Daily closing prices

Business

Golden Matrix Group, Inc. operates online sports betting, online casino and gaming businesses and provides enterprise gaming software solutions and prize competition platforms. Its main offerings include MeridianBet sportsbook and casino services, proprietary casino content and Expanse Studios titles, turnkey and white-label SaaS platforms (GM‑X and GM‑Ag), and pay-to-enter prize competitions and trade-promotion services. The company reports distinct B2C operations (MeridianBet, Mexplay, RKings, Classics), B2B SaaS/products, and a retail/franchise network. It distributes services across more than 15 jurisdictions in Europe, Africa, Central and South America, Mexico and the Asia Pacific via web, mobile apps, SMS/SST/USSD and retail betting shops.

Summary from filing dated 2025-03-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-10-31	FY 2022 2022-10-31
Revenues	183	151	93	44	36
Cost of goods sold	−79	−63	−25	−34	−27
Gross profit	103	89	68	10	9
Selling, general and administrative expenses	200	86	54	—	—
Income (loss) from operations	−96	3	14	−526,247	192,492
Interest expense	−5	−4	−36,163	−12,400	0
Interest earned	240,723	218,145	97,820	57,004	9,190
Foreign exchange gain (loss)	760,220	−494,825	72,459	−7,801	261,395
Other income	3	2	2	—	—
Total other income (expense)	−1	−2	2	—	270,585
Net income (loss) before tax	−97	1	15	−489,444	463,077
Provision for income taxes	−5	3	2	683,306	419,049
Net income (loss)	−92	−1	14	—	44,028
Less: Net income (loss) attributable to noncontrolling interest	−2	70,400	192,348	0	294,066
Net income (loss) attributable to MRDN	−90	−1	—	—	—
Basic (shares)	12	9	83	35	28
Diluted (shares)	12	9	83	35	28
Basic (per share)	−7.76	−0.16	0.16	−0.03	−0.01
Diluted (per share)	−7.76	−0.16	0.16	−0.03	−0.01
Net income (loss)	−92	−1	14	−1	44,028
Foreign currency translation adjustments	4	−5	−825,774	132,588	−204,027
Comprehensive income (loss)	−88	−6	13	−1	−454,065
Less: Net income (loss) attributable to noncontrolling interest	−2	70,400	192,348	—	—
Comprehensive income (loss) attributable to MRDN	−86	−6	13	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-10-31	FY 2022 2022-12-31
Cash and cash equivalents	18	30	20	17	13
Accounts receivable, net	8	6	3	4	—
Accounts receivable - related parties	465,691	666,545	—	—	—
Taxes receivable	595,434	734,630	997,778	—	—
Inventory	6	4	133,905	2	—
Prepaid expenses	652,224	955,456	328,400	103,271	—
Other current assets, net	2	3	2	—	—
Total current assets	35	45	27	23	—
Goodwill & intangible assets, net	35	128	15	—	—
Property, plant & equipment, net	29	27	28	46,447	—
Investments	4	218,147	237,828	—	—
Deposits	6	6	6	—	—
Operating lease right-of-use assets	6	8	4	56,643	—
Other non-current assets	2	9,359	17,864	—	—
Total non-current assets	83	169	53	13	—
Total assets	118	214	80	36	—
Accounts payable and accrued liabilities	21	13	11	3	—
Accounts payable - related parties	295,165	19,655	—	—	—
Current portion of operating lease liability	3	2	2	59,089	—
Current portion of long-term loan - related party	0	501,591	0	—	—
Current portion of long-term loan	11	17	0	—	—
Taxes payable	5	4	3	—	—
Other current liabilities	2	1	581,644	—	—
Deferred revenues	1	1	0	—	—
Contingent liability	228,667	626,450	0	—	—
Current portion of consideration payable - related parties	16	23	0	—	—
Current portion of consideration payable	1	2	0	—	—
Total current liabilities	60	64	18	4	—
Non-current portion of operating lease liability	4	5	2	0	—
Non-current portion of long-term loan	7	14	0	—	—
Other non-current liabilities	19,510	7	496,699	—	—
Non-current portion of consideration payable - related parties	0	15	0	—	—
Total non-current liabilities	10	41	2	0	—
Total liabilities	70	105	20	4	—
Common stock: $0.00001 par value; 25,000,000 shares authorized; 12,641,023 and 10,770,249 shares issued and outstanding, respectively	126	108	835	362	—
Preferred stock, value	0	0	0	0	—
Stock payable	102,006	6	0	—	—
Stock payable - related party	573,154	211,162	0	—	—
Additional paid-in capital	83	50	3	57	—
Treasury stock, at cost (17,062 and 4,983 shares, respectively)	−244,208	−121,430	—	—	—
Accumulated other comprehensive income (loss)	−4	−8	−3	−73,159	—
Accumulated earnings	−33	57	59	−26	—
Total shareholders' equity of MRDN	47	105	59	31	—
Noncontrolling interests	2	4	951,723	0	—
Total equity	48	109	60	31	47
Total liabilities and equity	118	214	80	36	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-10-31	FY 2022 2022-10-31
Fair value of stock-based compensation	4	5	—	—	—
Non-cash interest expense related to debt discount amortization	3	2	0	—	—
Amortization of intangible assets	9	6	2	—	384,588
Depreciation of property, plant and equipment	6	4	4	41,380	22,847
Loss on valuation / impairment	92	0	—	—	—
Bad debt expense	725,061	1	304,358	—	—
(Increase) decrease in accounts receivable	−3	−748,278	—	−3	−916,387
(Increase) decrease in accounts receivable - related party	176,840	59,257	67,969	82,468	816,163
(Increase) decrease in taxes receivable	139,196	263,148	—	—	—
(Increase) decrease in prepaid expenses	322,245	−349,387	—	−16,958	18,837
(Increase) decrease in other current assets	461,662	−591,982	—	—	—
(Increase) decrease in inventories	−1	−958,112	—	−514,860	−417,886
(Increase) decrease in deposits	−628,210	−119,824	—	—	—
(Increase) decrease in other non-current assets	−449,039	95,705	31,901	—	—
Increase (decrease) in accounts payable and accrued liabilities	8	4	4	4	391,655
Increase (decrease) in accounts payable - related party	273,995	−2,943	9,405	3,675	−17,590
Increase (decrease) in taxes payable	1	−766,413	843,595	137,150	−130,648
Increase (decrease) in deferred revenues	−60,378	33,585	0	−71,166	−59,755
Increase (decrease) in customer deposit	567,667	1,564	—	249,364	46,335
Increase (decrease) in other current liabilities	−495,751	264,039	—	—	—
Increase (decrease) in other liabilities	−4	−823,607	−556,447	—	−93,530
Increase (decrease) in operating lease liabilities	1	6	2	−98,619	−93,530
Net cash provided by operating activities	25	24	24	2	3
Cash paid for intangible assets	−7	−15	—	−52,788	−83,938
Cash paid for investments	−5	19,681	24,169	—	—
Cash paid for property, plant and equipment	−6	−7	−6	−12,465	−36,755
Cash paid for purchase of subsidiaries	−1	−9	0	—	—
Cash distribution to former owners of MeridianBet Group in connection with the Purchase	−2	−24	—	—	—
Cash assumed from acquisition with Golden Matrix	0	17	—	—	—
Net cash used in investing activities	−22	−37	−13	−95,961	−4
Repayment on debt	−22	−4	0	—	—
Proceeds from loans and borrowings	2	26	0	—	—
Proceeds from sale of note and warrant	0	9	0	—	—
Proceeds from sale of stock	3	0	—	—	—
Repayment of lease	−3	−2	−2	—	—
Payments of dividends	−144,782	−769,534	−2	—	—
Share repurchase	−122,778	−123,101	0	—	—
Proceeds from option exercise	0	34,800	0	0	32,000
Net cash provided by (used in) financing activities	−19	28	−4	−32,322	32,000
Effect of exchange rate changes on cash	4	−4	825,774	72,523	−245,992
Net increase (decrease) in cash and cash equivalents	−12	10	7	2	−2
Interest paid	2	1	36,163	12,400	0
Tax paid	4	4	2	531,746	549,697
Debt conversion	20	4	—	—	—
Shares issued for settlement of true-up liability	518,651	0	—	—	—
Acquisition of minority interest	393,038	7	0	—	—
Common stock issued for vested RSUs	19	9	—	—	—

Filings

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Frequently asked questions

What is Meridian Holdings Inc./NV's CIK number?

Meridian Holdings Inc./NV's SEC CIK number is 0001437925 (1437925). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Meridian Holdings Inc./NV's SEC filings?

All of Meridian Holdings Inc./NV's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Meridian Holdings Inc./NV last report earnings?

Meridian Holdings Inc./NV (MRDN) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001477932-26-002589). This is Meridian Holdings Inc./NV's most recent earnings filing of record — not a forecast of its next earnings date.

What is Meridian Holdings Inc./NV's most recent earnings 8-K?

Meridian Holdings Inc./NV's latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001477932-26-002589. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Meridian Holdings Inc./NV's latest earnings 8-K →
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