# Golden Matrix Group, Inc. (MRDN)

**Exchange:** NASDAQ  
**Sector:** Communication Services  
**Market cap:** $148M  
**Price:** $12.81 (-1.08%)

> Meridian Holdings Inc., a business-to-business and business-to-consumer gaming technology company, provides casino, sportsbook, and competition products in Central and South America, Europe, and Africa. It develops and licenses gaming platforms; and provides online sports betting and gaming operations under various brands, including Meridianbet, Expanse Studios, MexPlay, R Kings Competitions, Classics For A Cause, and GMAG. Meridian Holdings Inc. is based in Las Vegas, Nevada.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $183M | $103M | -$96M | -$92M | — |
| 2024 | $151M | $89M | $3M | -$1M | — |
| 2023 | $93M | $68M | $14M | $14M | — |
| 2023 | $44M | $10M | -$526,247 | -$1M | — |
| 2022 | $36M | $9M | $192,492 | $44,028 | — |
| 2021 | $11M | — | — | — | — |
| 2021 | $5M | $3M | $399,325 | $398,080 | — |
| 2019 | $452,771 | $3M | $2M | $2M | — |
| 2018 | — | $843,801 | -$990,947 | -$1M | — |
| 2017 | $120,000 | $70,000 | -$250,436 | $2M | — |
| 2016 | $20,000 | $20,000 | -$5M | -$10M | — |
| 2015 | — | — | -$2M | -$3M | — |
| 2014 | — | — | -$518,380 | -$1M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $118M | $70M | $47M | — | $7M |
| 2024 | $214M | $105M | $105M | — | $14M |
| 2023 | $80M | $20M | $59M | — | — |
| 2023 | $36M | $4M | $31M | — | — |
| 2022 | $33M | $3M | $30M | $15M | — |
| 2021 | $20M | $2M | $19M | $17M | — |
| 2021 | $14M | $552,610 | $13M | $12M | — |
| 2019 | $3M | $2M | $1M | $2M | — |
| 2018 | $819,874 | $2M | -$1M | $446,581 | — |
| 2017 | $87,667 | $2M | -$2M | $25,167 | — |
| 2016 | $12,296 | $4M | -$4M | $2,296 | — |
| 2015 | $148,115 | $3M | -$3M | — | — |
| 2014 | $164,882 | $1M | -$929,634 | $636 | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $25M | $6M | $19M |
| 2024 | $24M | $7M | $17M |
| 2023 | $24M | $6M | $18M |
| 2023 | $2M | $12,465 | $2M |
| 2022 | $3M | $36,755 | $3M |
| 2021 | $2M | — | — |
| 2019 | $1M | — | — |
| 2018 | $302,716 | — | — |
| 2017 | -$15,129 | — | — |
| 2016 | $1,296 | — | — |
| 2015 | -$2M | — | — |
| 2014 | -$612,067 | — | — |
| 2013 | -$256,805 | — | — |
| 2012 | -$224,869 | -$1,973 | -$226,842 |
| 2011 | -$250,388 | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/MRDN)