Meridian Holdings (MRDN) Cost of Revenue (2012 - 2026)
Meridian Holdings (MRDN) posted Cost of Revenue of $23.34 million for Q2 2026, up 23.7% from $18.87 million a year earlier and up 6.3% from the prior quarter.
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Analysis
Meridian Holdings (MRDN) Cost of Revenue (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Meridian Holdings was $87.31 million, up 16.3% year-over-year; for FY2025, it came in at $79.41 million, up 27.0% from FY2024.
- Annual Cost of Revenue shows a five-year compound annual growth rate of 184.5% (FY2020 to FY2025).
- In prior years, Meridian Holdings' Cost of Revenue was $62.54 million in FY2024 (+152.7%), $24.75 million in FY2023, $26.87 million in FY2022 (+283.6%) and $7.01 million in FY2021.
- The Q2 2026 figure stands as the highest quarterly Cost of Revenue in data going back to Q3 2012.
- On a year-over-year basis, Cost of Revenue has increased in each of the last six quarters, with growth averaging 38.4% over the last six quarters.
- Over the past five years, the year-over-year growth in Cost of Revenue ranged from 6.4% (Q2 2025) to 158.8% (Q1 2025).
- According to Business Quant data, Cost of Revenue for the three prior quarters was $21.96 million (Q1 2026), $21.08 million (Q4 2025) and $20.93 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.47 Bn | 9.89 Bn | 1.48 Bn | 1.67 Bn |
| 2 | DraftKings | 16.53 Bn | 12.19 Bn | 551.45 Mn | 891.78 Mn |
| 3 | Flutter Entertainment | 12.99 Bn | 6.73 Bn | 1.71 Bn | 2.61 Bn |
| 4 | Madison Square Garden Sports | 9.80 Bn | 9.40 Bn | 119.21 Mn | 159.53 Mn |
| 5 | Life Time Group Holdings | 9.15 Bn | 8.39 Bn | 412.26 Mn | 453.73 Mn |
| 6 | Wynn Resorts | 7.85 Bn | 1.40 Bn | 758.95 Mn | 1.10 Bn |
| 7 | MGM Resorts International | 7.67 Bn | -517.04 Mn | 1.98 Bn | 2.47 Bn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 210.00 Mn |
| 9 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | 1.49 Bn |
| 10 | Meridian Holdings | 151.40 Mn | 79.22 Mn | 26.85 Mn | 23.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.34 Mn |
| Mar 31, 2026 | 21.96 Mn |
| Dec 31, 2025 | 21.08 Mn |
| Sep 30, 2025 | 20.93 Mn |
| Jun 30, 2025 | 18.87 Mn |
| Mar 31, 2025 | 18.53 Mn |
| Dec 31, 2024 | 19.07 Mn |
| Sep 30, 2024 | 18.59 Mn |
| Jun 30, 2024 | 17.73 Mn |
| Mar 31, 2024 | 7.16 Mn |
| Dec 31, 2023 | -1.00 Mn |
| Jun 30, 2023 | 6.04 Mn |
| Apr 30, 2023 | 8.25 Mn |
| Jan 31, 2023 | 8.33 Mn |
| Oct 31, 2022 | 7.46 Mn |
| Jul 31, 2022 | 6.62 Mn |
| Apr 30, 2022 | 5.94 Mn |
| Jan 31, 2022 | 6.85 Mn |
| Jul 31, 2021 | 2.04 Mn |
| Apr 30, 2021 | 1.97 Mn |
API Access
Meridian Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MRDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MRDN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MRDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();