Flagship explainer

How Meridian Holdings Inc./NV makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$183M · 100%Cost of revenue$79.4M · 43%Gross profit$103M · 57%Operating income−$96.2M · −53%Income before tax−$97.2M · −53%Income tax−$5.2M · −3%Net income−$92M · −50%As of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$183M100%
Cost of revenue$79.4M43%
$103M57%
−$96.2M−53%
Income before tax−$97.2M−53%
Income tax−$5.2M−3%
−$92M−50%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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