Meridian Holdings (MRDN) Cash Flow: Operating & Free Cash Flow

Meridian Holdings (MRDN) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Meridian Holdings generated $25.36M of operating cash flow and spent $6.18M on capital expenditures. That left free cash flow of $19.17M, up 14.5% from $16.75M a year earlier, or 10.5% of revenue. It returned $267.56K to shareholders through $144.78K in dividends and $122.78K in share buybacks.

Meridian Holdings Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Meridian Holdings Inc. (MRDN) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Oct 2023	Dec 2022	Oct 2022	Dec 2021	Apr 2021	Jan 2021	Jul 2019	Jul 2018	Jul 2017
Operating Activities
Net Income	-91.98	-1.41	-1.17	13.89	0.04	0.04	-	12.87	0.40	1.77	-1.32	1.80
Depreciation & Amortization	15.15	10.79	5.42	5.42	0.41	0.41	-	3.86	0.00	0.00	0.11	0.33
Stock Based Compensation	4.09	4.71	2.18	0.00	2.67	2.66	-	0.00	1.63	0.21	0.11	0.00
Change in Working Capital	2.79	6.31	4.10	4.10	-	-0.24	-	4.21	-0.49	-0.87	-0.16	0.32
Change in Accounts Receivable	-2.43	-0.69	-3.04	-0.55	-0.10	-0.07	-	-0.90	-0.76	-1.07	-0.31	-0.05
Change in Inventory	-1.28	-0.96	-0.01	-0.01	-0.42	-0.42	-	-0.03	0.00	0.00	0.00	0.00
Change in Accounts Payable	7.96	4.33	4.47	3.63	0.37	0.37	-	0.00	0.52	0.18	0.10	0.29
Change in Other Working Capital	-3.31	4.36	0.27	1.03	0.05	-0.12	-	5.14	-0.24	0.03	0.05	0.08
Other Operating Activities	95.31	3.52	0.27	0.28	-0.11	-0.10	-	0.21	0.34	0.34	1.56	-2.47
Net Cash from Operating Activities	25.36	23.92	23.69	23.69	23.14	2.77	21.16	21.16	1.88	1.45	0.30	-0.02
Investing Activities
Capital Expenditures	-6.18	-7.16	-13.09	-13.09	-6.81	-0.16	-7.88	-7.88	0.00	0.00	0.00	0.00
Acquisitions	-2.92	-32.82	-0.03	0.00	-4.06	-4.25	-	0.00	0.00	0.00	0.00	0.00
Purchases of Investments	-5.43	0.02	0.02	0.00	-	0.00	-	-0.12	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	0.02	0.02	0.02	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	-7.46	17.36	-	-7.35	-	-0.08	-	-0.55	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-22.00	-37.43	-13.07	-13.07	-10.05	-4.41	-8.55	-8.55	0.00	0.00	0.00	0.00
Financing Activities
Debt Repayment	-21.50	-3.68	-2.35	-2.35	-	0.00	-	-1.51	-0.51	-0.17	0.00	0.04
Common Stock Issued	2.96	0.03	-	0.00	0.03	0.03	-	0.00	8.47	0.00	0.12	0.00
Common Stock Repurchased	-0.12	-0.12	-0.03	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-0.14	-0.77	-1.80	-1.80	-	0.00	-	-11.60	0.00	0.00	0.00	0.00
Other Financing Activities	-2.75	-2.47	-2.35	0.00	-0.01	0.00	-	0.00	0.01	0.00	0.00	0.00
Net Cash from Financing Activities	-19.40	27.71	-4.15	-4.15	-7.79	0.03	-13.10	-13.10	7.97	-0.17	0.12	0.04
Summary
Effect of Forex Changes on Cash	4.00	-4.47	0.83	0.83	-0.25	-0.25	-	10.02	0.00	0.00	0.00	0.00
Net Change in Cash	-12.05	9.72	7.30	7.30	3.58	-1.85	-5.52	9.53	9.85	1.28	0.42	0.02
Cash at Beginning of Period	30.13	20.41	13.11	13.11	-	16.80	-	0.00	1.86	0.45	0.03	0.00
Cash at End of Period	18.08	30.13	20.41	20.41	-	14.95	-	9.53	11.71	1.73	0.45	0.03
Free Cash Flow	19.17	16.75	10.60	10.60	16.34	2.61	13.28	13.28	1.88	1.45	0.30	-0.02

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

Frequently Asked Questions About Meridian Holdings Cash Flow

What is Meridian Holdings's free cash flow?

Meridian Holdings generated free cash flow of $19.17M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $25.36M minus $6.18M of capital expenditures. That was up 14.5% from $16.75M a year earlier. Free cash flow equaled 10.5% of revenue.

How much does Meridian Holdings spend on capital expenditures?

Meridian Holdings spent $6.18M on capital expenditures in fiscal 2025, compared with $7.16M a year earlier. That equals 24.4% of operating cash flow.

Does Meridian Holdings pay dividends or buy back shares?

Yes. In fiscal 2025 Meridian Holdings returned $144.78K in dividends and $122.78K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition