Event-Driven Stocks

Meridian Holdings Inc./NV

MRDNNasdaq

Technology · Services-Prepackaged Software · NV · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 3 good● 2 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$182.9M$151.1M$43.5M$35.2M$5.2M$1.8M
Operating income−$96.2M$2.7M$13.8M$192,492$399,325$974,342
Net income−$92.0M−$1.4M$13.7M$44,028$398,080$966,774
Total assets$118.1M$213.7M$79.9M$32.6M$20.5M$3.7M
Total liabilities$69.7M$104.8M$19.9M$2.8M$1.5M$1.2M
Equity$46.5M$105.1M$59.0M$26.8M$13.3M$2.5M
EPS (diluted)$-7.76$-0.16$0.16$-0.01$0.01$0.03
Shares out.132.1M36.3M35.6M28.2M23.3M19.0M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−52.6%
Net margin
−50.3%
Return on equity
−197.6%
Return on assets
−77.9%
Return on capital (ROCE)
−164.4%
Liabilities / assets
59.1%
Debt / equity
1.50×
Book value / share
$0.35
Revenue growth (YoY)
21.0%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-7.03distress
Accruals / assets
−99.4%clean
Beneish M-Score
-7.19normal
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
63
/ 100
Profitability 0Growth 100Catalyst 67Earnings quality 100Financial strength 50

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 2 severe● 2 warning● 3 good
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 2026120,7931.1-16.5%
Apr 30, 2026144,6153.5+6.3%
Apr 15, 2026136,0747.8+4.8%
Mar 31, 2026129,8765.6+11.8%
Mar 13, 2026116,1742.9-91.3%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)