Meridian Holdings Inc./NV

Tiny software/services holding company with deep losses and very weak liquidity.

Strengths

• Positive FCF — $19.2M, FCF margin 10.5%

Risks

• Deep losses — operating margin -52.6%, net margin -50.3%, ROE -197.6% (3rd)
• Very weak liquidity — current ratio 0.59 (6th), quick ratio 0.50
• Negative interest coverage (-21); small scale — per 10-K

Notable findings

• No interest coverageInterest coverage -21.00 (cannot cover interest)
• Net lossNet loss (net margin -50.3%)
• Weak liquidityCurrent ratio 0.59 (<1)
• Exec changeRecent 8-K item 5.02 8-K ↗
• Buying back stockNet buyback — share count -30%/yr over 3y
• Notable holderHeld by 2 notable fund(s): STATE STREET CORP, FMR LLC (as of 2026-03-31)
• Insider sellingInsider selling — 35 open-market sale(s) by 1 insider(s) (~$2M, last 6mo) Form 4 ↗