Meridian Holdings (MRDN) Operating Expenses (2010 - 2026)
Meridian Holdings' (MRDN) quarterly Operating Expenses came in at $24.4 million in Q2 2026, down 8.5% on a YoY basis from $26.7 million in Q2 2025, and down 2.29% quarter-over-quarter from $25.0 million in Q1 2026.
Analysis
Meridian Holdings (MRDN) Operating Expenses (2010 - 2026) Analysis & Trends
Meridian Holdings (MRDN) has reported Operating Expenses for 17 consecutive years, with $24.4 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 8.5% year-over-year to $24.4 million; the trailing twelve-month figure through Jun 2026 stood at $198.0 million (up 95.59% YoY), and the FY2025 full-year result was $24.0 million, down 72.01% from the prior year.
- Operating Expenses fell to $24.4 million in Q2 2026 per MRDN's latest filing, from $25.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $121.9 million in Q4 2025 and bottomed at $1.6 million in Q1 2022.
- Historically, Operating Expenses has averaged $22.3 million across 5 years, with a median of $23.4 million in 2024.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses sank 46.41% in 2023, then surged 353.2% in 2025.
- Over 5 years, Operating Expenses stood at $3.8 million in 2022, then jumped by 1166.75% to $48.3 million in 2023, then slumped by 44.37% to $26.9 million in 2024, then soared by 353.2% to $121.9 million in 2025, then tumbled by 79.97% to $24.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $24.4 million, $25.0 million, and $121.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.30 Bn | 15.74 Bn | 1.71 Bn | 1.56 Bn |
| 2 | DraftKings | 11.78 Bn | 10.79 Bn | 551.45 Mn | 491.98 Mn |
| 3 | Super Group (SGHC) | 6.89 Bn | 6.34 Bn | - | -513.00 Mn |
| 4 | Rush Street Interactive | 2.91 Bn | 2.57 Bn | 139.66 Mn | 347.55 Mn |
| 5 | Codere Online Luxembourg | 423.10 Mn | 353.68 Mn | - | - |
| 6 | Meridian Holdings | 173.58 Mn | 156.26 Mn | 26.85 Mn | 24.41 Mn |
| 7 | High Roller Technologies | 53.26 Mn | 50.60 Mn | - | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 | 2.09 Mn |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - | 437,119.00 |
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 |
| Jun 30, 2023 | 24.93 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 |
| Oct 31, 2021 | 2.53 Mn |