Meridian Holdings (MRDN) Operating Expenses (2010 - 2026)
Meridian Holdings (MRDN) recorded Operating Expenses of $24.41 million in Q2 2026, down 8.5% from $26.68 million a year earlier and down 2.3% from the prior quarter.
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Analysis
Meridian Holdings (MRDN) Operating Expenses (2010 - 2026) Analysis & Trends
On a TTM basis, Meridian Holdings' Operating Expenses came in at $198.04 million as of Jun 30, 2026, up 95.6% year-over-year; for FY2025, it was $24.03 million, down 72.0% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 87.9% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $85.83 million in FY2024 (+57.5%), $54.48 million in FY2023, $8.97 million in FY2022 (+254.3%) and $2.53 million in FY2021.
- The Q2 2026 figure is the lowest quarterly Operating Expenses since Q1 2025.
- On a year-over-year basis, Operating Expenses rose in five of the last seven quarters, with growth averaging 59.3%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 353.2% in Q4 2025, against a decline of 44.4% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $24.99 million (Q1 2026), $121.87 million (Q4 2025) and $26.77 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.94 Bn | 11.04 Bn | 1.48 Bn | 2.54 Bn |
| 2 | Flutter Entertainment | 13.84 Bn | 7.21 Bn | 1.71 Bn | 845.00 Mn |
| 3 | DraftKings | 10.19 Bn | 5.85 Bn | 551.45 Mn | 297.09 Mn |
| 4 | Madison Square Garden Sports | 9.98 Bn | 9.58 Bn | 119.21 Mn | 86.28 Mn |
| 5 | Life Time Group Holdings | 9.17 Bn | 8.40 Bn | 412.26 Mn | 716.29 Mn |
| 6 | Wynn Resorts | 7.94 Bn | 2.23 Bn | 758.95 Mn | 1.56 Bn |
| 7 | MGM Resorts International | 7.33 Bn | -1.70 Bn | 1.98 Bn | 3.97 Bn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 325.00 Mn |
| 9 | Caesars Entertainment | 5.93 Bn | 2.38 Bn | 1.50 Bn | 2.48 Bn |
| 10 | Meridian Holdings | 139.82 Mn | 66.15 Mn | 26.85 Mn | 24.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.41 Mn |
| Mar 31, 2026 | 24.99 Mn |
| Dec 31, 2025 | 121.87 Mn |
| Sep 30, 2025 | 26.77 Mn |
| Jun 30, 2025 | 26.68 Mn |
| Mar 31, 2025 | 24.30 Mn |
| Dec 31, 2024 | 26.89 Mn |
| Sep 30, 2024 | 23.38 Mn |
| Jun 30, 2024 | 21.56 Mn |
| Mar 31, 2024 | 14.00 Mn |
| Dec 31, 2023 | 48.34 Mn |
| Oct 31, 2023 | 2.05 Mn |
| Jul 31, 2023 | 3.03 Mn |
| Apr 30, 2023 | 2.55 Mn |
| Jan 31, 2023 | 2.77 Mn |
| Oct 31, 2022 | 3.82 Mn |
| Jul 31, 2022 | 1.75 Mn |
| Apr 30, 2022 | 1.78 Mn |
| Jan 31, 2022 | 1.62 Mn |
| Jul 31, 2021 | 696,985.00 |
API Access
Meridian Holdings Operating Expenses 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=operating-expenses&ticker=MRDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=MRDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();