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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |