Meridian Holdings, Inc. (GMGI) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	197.2M	182.9M	151.1M	44.2M	36.0M
Cost of Revenue	87.3M	79.4M	62.5M	34.3M	26.9M
Gross Profit	109.9M	103.5M	88.6M	9.9M	9.2M
Operating Expenses
R&D Expense	—	—	—	—	23.1K
SG&A Expense	198.0M	199.6M	78.1M	10.4M	8.9M
General & Admin Expense	18.2M	—	59.2M	10.4M	8.9M
Selling & Marketing Expense	5.2M	—	18.9M	—	—
Other Expenses	—	—	7.7M	—	—
Total Operating Expenses	198.0M	199.6M	85.8M	10.4M	9.0M
Cost and Expenses	285.4M	279.0M	148.4M	44.7M	35.8M
Operating Income (EBIT)	(88.2M)	(96.2M)	2.7M	(526.2K)	192.5K
Non-Operating
Interest Income	161.6K	—	218.1K	57.0K	9.2K
Interest Expense	512.4M	(4.6M)	3.5M	12.4K	9.2K
Net Interest Income	(1.1M)	—	(3.3M)	44.6K	—
Other Non-Op Income/Expense	257.8K	(1.0M)	(1.5M)	36.8K	270.6K
Non-Operating Income (excl Interest)	(2.2M)	—	(2.0M)	(49.2K)	—
EBT (Pre-Tax Income)	(87.9M)	(97.2M)	1.2M	(489.4K)	463.1K
Income Tax Expense	(4.0M)	(5.2M)	2.6M	683.3K	419.0K
Bottom Line
Net Income	(83.7M)	(92.0M)	(1.5M)	(1.2M)	44.0K
Earnings from Cont. Ops	(83.9M)	(92.0M)	(1.4M)	(1.2M)	44.0K
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(83.7M)	(92.0M)	(1.5M)	(1.2M)	44.0K
Per Share
Basic EPS	($7.07)	($7.76)	($0.16)	($0.40)	($0.11)
Diluted EPS	($7.07)	($7.76)	($0.16)	($0.40)	($0.11)
Revenue Per Share	$15.57	$15.78	$15.97	$14.97	$15.42
Shares
Basic Shares Outstanding	12.7M	11.6M	9.5M	3.0M	2.3M
Diluted Shares Outstanding	12.8M	11.6M	9.5M	3.0M	2.3M
Profitability Metrics
EBITDA	(91.4M)	(96.2M)	15.5M	4.3K	609.1K
D&A	12.3M	—	10.8M	481.3K	416.6K
EBIT	7.2M	—	4.7M	(477.0K)	192.5K

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026