Meridian Holdings MRDN
NASDAQ MRDN
$13.21 -0.27 (-2.00%)
At close: Sep 9, 2026 · 4:00 PM EDT

Meridian Holdings (MRDN) Gross Margin (2017 - 2026)

Meridian Holdings' (MRDN) quarterly Gross Margin came in at 53.5% in Q2 2026, down 287.0% on a YoY basis from 28.61% in Q2 2025, and down 4.75% quarter-over-quarter from 56.17% in Q1 2026.

Analysis

Meridian Holdings (MRDN) Gross Margin (2017 - 2026) Analysis & Trends

Meridian Holdings (MRDN) has reported Gross Margin for 10 consecutive years, with 53.5% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin fell 287.0% year-over-year to 53.5%; the trailing twelve-month figure through Jun 2026 stood at 55.72% (down 85.0% YoY), and the FY2025 full-year result was 56.58%, down 204.0% from the prior year.
  • Gross Margin retreated to 53.5% in Q2 2026 per MRDN's latest filing, from 56.17% in the prior quarter.
  • Across five years, Gross Margin topped out at 101.66% in Q4 2023 and bottomed at 19.98% in Q2 2023.
  • Historically, Gross Margin has averaged 49.76% across 5 years, with a median of 55.39% in 2024.
  • The sharpest annual moves came in 2024 and 2025: Gross Margin sank 4323 bps in 2024, then jumped 135 bps in 2025.
  • Over 5 years, Gross Margin stood at 22.11% in 2022, then jumped by 360 bps to 101.66% in 2023, then sank by 43 bps to 58.42% in 2024, then declined by 2 bps to 57.48% in 2025, then declined by 7 bps to 53.5% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 53.5%, 56.17%, and 57.48% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 DraftKings 21.34 Bn 20.35 Bn 551.45 Mn 38.21%
2 Flutter Entertainment 17.38 Bn 16.20 Bn 1.71 Bn 39.60%
3 Super Group (SGHC) 7.08 Bn 6.53 Bn - -
4 Rush Street Interactive 6.18 Bn 6.00 Bn 139.66 Mn 35.47%
5 Codere Online Luxembourg 412.23 Mn 342.98 Mn - -
6 Meridian Holdings 171.67 Mn 155.85 Mn 26.85 Mn 53.50%
7 High Roller Technologies 54.90 Mn 52.24 Mn - -
8 VIP Play 24.98 Mn 24.89 Mn -313,000.00 -306.86%
9 Apple iSports 16.64 Mn 16.64 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 53.50%
Mar 31, 2026 56.17%
Dec 31, 2025 57.48%
Sep 30, 2025 55.77%
Jun 30, 2025 56.37%
Mar 31, 2025 56.63%
Dec 31, 2024 58.42%
Sep 30, 2024 54.65%
Jun 30, 2024 55.02%
Mar 31, 2024 71.19%
Dec 31, 2023 101.66%
Jun 30, 2023 74.02%
Apr 30, 2023 19.98%
Jan 31, 2023 22.67%
Oct 31, 2022 22.11%
Jul 31, 2022 27.26%
Apr 30, 2022 29.95%
Jan 31, 2022 22.80%
Oct 31, 2021 35.17%
Jul 31, 2021 29.69%