Meridian Holdings (MRDN) Asset Utilization Ratio (2016 - 2026)
Meridian Holdings' (MRDN) quarterly Asset Utilization Ratio came in at 1.74 in Q2 2026, up 113.25% on a YoY basis from 0.81 in Q2 2025, and up 5.0% quarter-over-quarter from 1.65 in Q1 2026.
Analysis
Meridian Holdings (MRDN) Asset Utilization Ratio (2016 - 2026) Analysis & Trends
Meridian Holdings (MRDN) has reported Asset Utilization Ratio for 11 consecutive years, with 1.74 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Asset Utilization Ratio rose 113.25% year-over-year to 1.74; the trailing twelve-month figure through Jun 2026 stood at 1.74 (up 113.25% YoY), and the FY2025 full-year result was 1.1, up 7.07% from the prior year.
- Asset Utilization Ratio grew to 1.74 in Q2 2026 per MRDN's latest filing, from 1.65 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 2.2 in Q4 2023 and bottomed at 0.71 in Q4 2024.
- Historically, Asset Utilization Ratio has averaged 1.17 across 5 years, with a median of 1.12 in 2025.
- The sharpest annual moves came in 2022 and 2024: Asset Utilization Ratio jumped 167.2% in 2022, then plunged 67.9% in 2024.
- Over 5 years, Asset Utilization Ratio stood at 1.09 in 2022, then soared by 101.69% to 2.2 in 2023, then slumped by 67.9% to 0.71 in 2024, then surged by 57.68% to 1.12 in 2025, then surged by 55.75% to 1.74 in 2026.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 1.74, 1.65, and 1.12 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.30 Bn | 15.74 Bn | 1.71 Bn | 0.61 |
| 2 | DraftKings | 11.78 Bn | 10.79 Bn | 551.45 Mn | 1.45 |
| 3 | Super Group (SGHC) | 6.89 Bn | 6.34 Bn | - | 1.87 |
| 4 | Rush Street Interactive | 2.91 Bn | 2.57 Bn | 139.66 Mn | 1.86 |
| 5 | Codere Online Luxembourg | 423.10 Mn | 353.68 Mn | - | - |
| 6 | Meridian Holdings | 173.58 Mn | 156.26 Mn | 26.85 Mn | 1.74 |
| 7 | High Roller Technologies | 53.26 Mn | 50.60 Mn | - | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 | 0.06 |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.74 |
| Mar 31, 2026 | 1.65 |
| Dec 31, 2025 | 1.12 |
| Sep 30, 2025 | 0.85 |
| Jun 30, 2025 | 0.81 |
| Mar 31, 2025 | 0.79 |
| Dec 31, 2024 | 0.71 |
| Sep 30, 2024 | 0.82 |
| Dec 31, 2023 | 2.20 |
| Apr 30, 2023 | 1.15 |
| Jan 31, 2023 | 1.13 |
| Oct 31, 2022 | 1.09 |
| Jul 31, 2022 | 1.07 |
| Apr 30, 2022 | 1.16 |
| Jan 31, 2022 | 1.30 |
| Oct 31, 2021 | 1.44 |
| Jul 31, 2021 | 1.16 |
| Apr 30, 2021 | 0.55 |
| Jan 31, 2021 | 0.49 |
| Oct 31, 2020 | 0.71 |