Revenue (FY 2025)
↑22.7% YoY
$185.42M
3-Yr CAGR: 72.6%
Net Income
↓-8,141.9% YoY
-$97.19M
Net Margin: -52.4%
Free Cash Flow
↑14.5% YoY
$19.17M
FCF Yield: 11.18%
EPS (Diluted)
↓-77,500.0% YoY
$-7.76
Basic: $-7.76
Return on Equity
Efficiency
-208.8%
ROA: -82.3%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (MRDN)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Div / Sh | Div Yield | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2015 | — | — | — | $-2.6M | — | $-0.00 | — | — | — | $-2.0M | $-2.0M | — |
| FY 2016 | $0.0M | — | $0.0M | $-10.0M | -281.7% | $-0.30 | -37,462.5% | — | 0.00% | $0.0M | — | — |
| FY 2017 | $0.1M | +500.0% | $0.1M | $1.8M | +118.0% | — | +100.0% | — | 0.00% | $-0.0M | — | — |
| FY 2018 | $0.9M | +663.2% | $0.8M | $-1.3M | -173.2% | — | — | — | 0.00% | $0.3M | — | — |
| FY 2019 | $0.5M | -50.6% | $0.4M | $1.8M | +234.2% | — | — | — | 0.00% | $1.5M | — | — |
| FY 2020 | — | — | — | — | — | — | — | — | 0.00% | — | — | — |
| FY 2021 | $3.0M | — | $1.0M | $0.4M | — | $0.01 | — | — | 0.00% | $1.9M | — | — |
| FY 2022 | $36.0M | +1,111.6% | $9.2M | $0.5M | +16.3% | $-0.01 | -200.0% | — | 0.00% | $2.8M | — | — |
| FY 2023 | $44.2M | +22.6% | $9.9M | $-0.5M | -205.7% | $-0.03 | -200.0% | $0.05 | 0.18% | $2.2M | $2.2M | — |
| FY 2024 | $151.1M | +242.1% | $88.6M | $1.2M | +346.9% | $-0.01 | +66.7% | $0.01 | 0.03% | $23.9M | $16.8M | +663.6% |
| FY 2025 | $185.4M | +22.7% | $103.5M | $-97.2M | -8,141.9% | $-7.76 | -77,500.0% | $0.01 | 0.13% | $25.4M | $19.2M | +14.5% |
Valuation
Market Price
$13.59
Market Cap
$171.56M
Enterprise Value
$191.30M
P/E Ratio
N/A
P/B Ratio
3.69
FCF Yield
11.18%
Dividend Yield
0.09%
Shares Outstanding
Profitability & Margins
Gross Margin
55.80%
Operating Margin
-51.86%
Net Margin
-52.41%
Return on Equity (ROE)
-208.80%
Return on Assets (ROA)
-82.31%
Asset Turnover
1.57x
Revenue 3-Yr CAGR
72.64%
Financial Health & Liquidity
Current Ratio
0.59
Cash Ratio
0.06
Debt / Equity
0.503
Debt / Assets
0.198
Cash & Equivalents
$3.65M
Total Debt
$23.39M
Book Value / Share
$3.69
Cash Flow Efficiency
Operating Cash Flow
$25.36M
Capital Expenditures (CapEx)
$6.18M
Free Cash Flow
$19.17M
OCF / Revenue
13.68%
FCF / Revenue
10.34%
FCF 3-Yr CAGR
N/A
Per Share Metrics
EPS (Diluted)
$-7.76
EPS (Basic)
$-7.76
Dividends / Share
$0.01
Book Value / Share
$3.69
EPS YoY Growth
-77,500.00%
Balance Sheet (FY 2025)
Total Assets
$118.08M
Total Liabilities
$69.74M
Stockholders' Equity
$46.55M
Current Assets
$35.44M
Current Liabilities
$59.57M