Meridian Holdings Inc./NV (MRDN)

Nasdaq · Services-Prepackaged Software

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

15 entities across 9 jurisdictions, 7 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-31 — see the exhibit.

Which other public companies file entities in the same places:

Cyprus3 Malta3 Australia2 Brazil2 Mexico1 Isle of Man1 South Africa1 Belgium1 Peru1

Subsidiaries of Meridian Holdings Inc./NV as disclosed in its SEC filing
Entity	Jurisdiction	Note
Golden Matrix MX, S.A. DE C.V.	Mexico
Golden Matrix (IOM) Limited	Isle of Man	offshore centre
Classics Holdings Co. Pty Ltd	Australia
Classics For A Cause Pty Ltd	Australia
Meridian Tech (PYT) LTD	South Africa
Meridianbet Brasil Ltda	Brazil
Meridian Gaming Brasil SPE Ltda	Brazil
Meridian Worldwide CY Limited	Cyprus	offshore centre
Meridian Gaming Holdings Ltd	Malta	offshore centre
Meridian Gaming Ltd	Malta	offshore centre
Mybestodds BV	Belgium
Meridian Gaming Peru S.A.C.	Peru
Fair Champions Meridian Ltd	Cyprus	offshore centre
Media Games Malta Ltd.	Malta	offshore centre
Meridian Gaming (Cy) Ltd	Cyprus	offshore centre

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 9

FAILReturn on assets positiveROA -77.9%
PASSOperating cash flow positiveOCF 25M
FAILReturn on assets improving-0.7% → -77.9%
PASSCash flow exceeds earningsOCF 25M vs NI -92M
PASSLong-term debt ratio falling6.7% → 5.6% of assets
FAILCurrent ratio improving0.71 → 0.59
PASSNo share dilution114M → 12M shares
FAILGross margin improving58.6% → 56.6%
PASSAsset turnover improving0.71× → 1.55×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2021	$11.3M	—	—	—	—
FY2022	$36.0M	−$250,038	$2.7M	25.4%	28,042,001
FY2023	$44.2M	−$1.2M	$2.2M	22.3%	35,420,696
FY2023	$93.0M	$13.7M	$17.9M	73.4%	83,475,190
FY2024	$151.1M	−$1.5M	$16.8M	58.6%	113,511,706
FY2025	$182.9M	−$92.0M	$19.2M	56.6%	11,589,076

Identity

CIK: 0001437925
SIC: 7372 · Services-Prepackaged Software
Incorporated: NV
Headquarters: LAS VEGAS, NV

Ownership

Institutional: 5.3%
Institutions: 53
Insiders: 77.9%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-prepackaged software companies

Meridian Holdings Inc./NV files under SIC 7372 — all 91 services-prepackaged software companies compared on assets and F-score.

MICROSOFT CORPMSFT Salesforce, Inc.CRM CoreWeave, Inc.CRWV SYNOPSYS INCSNPS Block, Inc.XYZ INTUIT INC.INTU

Questions about Meridian Holdings Inc./NV

How many subsidiaries does Meridian Holdings Inc./NV file with the SEC?: 15, listed in its most recent exhibit 21. They are incorporated across 9 jurisdictions, led by Mexico, Isle of Man, Australia. 7 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Meridian Holdings Inc./NV financially healthy?: Meridian Holdings Inc./NV scores 5 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

15 entities across 9 jurisdictions, 7 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-31 — see the exhibit.

Entity

Jurisdiction

Note

Golden Matrix MX, S.A. DE C.V.

Mexico

Golden Matrix (IOM) Limited

Isle of Man

offshore centre

Classics Holdings Co. Pty Ltd

Australia

Classics For A Cause Pty Ltd

Australia

Meridian Tech (PYT) LTD

South Africa

Meridianbet Brasil Ltda

Brazil

Meridian Gaming Brasil SPE Ltda

Brazil

Meridian Worldwide CY Limited

Cyprus

offshore centre

Meridian Gaming Holdings Ltd

Malta

offshore centre

Meridian Gaming Ltd

Malta

offshore centre

Mybestodds BV

Belgium

Meridian Gaming Peru S.A.C.

Peru

Fair Champions Meridian Ltd

Cyprus

offshore centre

Media Games Malta Ltd.

Malta

offshore centre

Meridian Gaming (Cy) Ltd

Cyprus

offshore centre

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 9

FAILReturn on assets positiveROA -77.9%
PASSOperating cash flow positiveOCF 25M
FAILReturn on assets improving-0.7% → -77.9%
PASSCash flow exceeds earningsOCF 25M vs NI -92M
PASSLong-term debt ratio falling6.7% → 5.6% of assets
FAILCurrent ratio improving0.71 → 0.59
PASSNo share dilution114M → 12M shares
FAILGross margin improving58.6% → 56.6%
PASSAsset turnover improving0.71× → 1.55×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2021

$11.3M

—

FY2022

$36.0M

−$250,038

$2.7M

25.4%

28,042,001

FY2023

$44.2M

−$1.2M

$2.2M

22.3%

35,420,696

FY2023

$93.0M

$13.7M

$17.9M

73.4%

83,475,190

FY2024

$151.1M

−$1.5M

$16.8M

58.6%

113,511,706

FY2025

$182.9M

−$92.0M

$19.2M

56.6%

11,589,076

Questions about Meridian Holdings Inc./NV

How many subsidiaries does Meridian Holdings Inc./NV file with the SEC?

15, listed in its most recent exhibit 21. They are incorporated across 9 jurisdictions, led by Mexico, Isle of Man, Australia. 7 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Meridian Holdings Inc./NV financially healthy?

Meridian Holdings Inc./NV scores 5 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.