Meridian (MRBK) Financial Statements & Analysis

Meridian (MRBK) Income Statement

Meridian reported revenue of $205.49M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 4.1% from $197.37M a year earlier. Net income was $21.84M, up 33.6% year over year, a net margin of 10.6%. Gross margin was 54.4% and operating margin 13.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $32.67M, down 37.8% from the same quarter a year earlier.

Meridian Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Meridian Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	205.49	197.37	100.91	130.45	159.51	149.57	85.76	73.78	68.40
Cost of Revenue	93.79	96.43	74.46	21.08	9.48	21.96	17.43	12.98	8.94
Gross Profit	111.71	100.94	94.09	109.36	150.03	127.61	68.33	60.79	59.45
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	55.16	8.06	51.11	59.96	82.58	75.00	37.63	38.04	42.32
Operating Expenses	83.30	79.15	77.13	81.44	103.73	93.08	54.81	50.30	53.67
Operating Income	28.40	21.79	16.97	27.92	46.30	34.54	13.51	10.49	5.79
Other Income/Expense
Interest Income	166.31	156.03	136.59	88.72	71.52	62.66	52.86	44.06	35.72
Interest Expense	78.64	85.03	67.65	18.59	8.41	13.66	16.53	11.41	6.78
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	28.40	21.79	16.97	27.92	46.30	34.54	13.51	10.49	5.79
Income Tax Expense	6.57	5.44	3.72	6.09	10.72	8.10	3.03	2.33	2.75
Net Income	21.84	16.35	13.24	21.83	35.59	26.44	10.48	8.16	3.03
Net Income - Continuous Operations	21.84	16.35	13.24	21.83	35.59	26.44	10.48	8.16	3.03
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	28.40	24.09	0.43	29.00	41.49	32.46	14.38	11.91	6.75
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.12	2.30	2.48	1.08	-4.81	-2.07	0.87	1.42	0.96
Earnings Per Share
Basic EPS	2.00	1.00	1.00	2.00	3.00	2.00	1.00	1.00	-
Diluted EPS	2.00	1.00	1.00	2.00	3.00	2.00	1.00	1.00	-
Basic Shares Outstanding	11.33	11.11	11.12	11.79	12.04	12.32	12.81	12.79	7.49
Diluted Shares Outstanding	11.54	11.24	11.39	12.20	12.41	12.37	12.88	12.85	7.54

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Meridian Financial Statements

What was Meridian's revenue in fiscal 2025?

Meridian reported revenue of $205.49M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 4.1% from $197.37M a year earlier.

Is Meridian profitable?

Yes. Meridian earned net income of $21.84M in fiscal 2025, a net margin of 10.6%. In fiscal 2024 it earned $16.35M.

What is Meridian's operating margin?

Meridian's operating income was $28.40M on revenue of $205.49M in fiscal 2025, an operating margin of 13.8%, compared with 11.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition