$MRDN Income Statement | Understand Stock

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$MRDN

$13.80 +$0.25 (1.85%)

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$MRDN Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Financial Statements

Income Statement Balance Sheet Cashflow Statement

Income Statement

Concept	2025	2024	2023	2022	2021
Revenue	$182.9M 21.01% YoY	$151.1M 62.5% YoY	$92.99M 158.07% YoY	$36.03M 219.3% YoY	$11.29M 116.08% YoY
Cost Of Revenue	$79.41M 26.96% YoY	$62.54M 152.7% YoY	$24.75M -7.9% YoY	$26.87M 1243.58% YoY	$2.000M 0.0% YoY
Gross Profit	$103.5M 16.81% YoY	$88.57M 29.79% YoY	$68.24M 644.8% YoY	$9.163M 184.29% YoY	$3.223M 0.0% YoY
Selling, General & Admin	$199.6M 132.59% YoY	$85.83M 57.53% YoY	$54.48M 508.96% YoY	$8.947M 275.55% YoY	$2.382M -14.18% YoY
Research & Development	N/A	N/A	N/A	$23.09K -51.44% YoY	$47.56K 0.0% YoY
Depreciation & Amortization	$5.984M 35.5% YoY	$4.416M 25.5% YoY	$3.519M 15302.82% YoY	$22.85K N/A	$0.00 -100.0% YoY
Operating Expenses	$24.03M -72.01% YoY	$85.83M 725.66% YoY	$10.40M 15.89% YoY	$8.970M 217.68% YoY	$2.824M 0.0% YoY
Operating Profit	-$96.17M -3605.08% YoY	$2.744M -80.06% YoY	$13.76M 7047.95% YoY	$192.5K -51.8% YoY	$399.3K 0.0% YoY
Interest Expense	$4.579M 30.03% YoY	$3.521M 9637.27% YoY	$36.16K N/A	$0.00 -100.0% YoY	$11.85K -1055.81% YoY
Other Income/Expense, Net	-$1.019M -33.6% YoY	-$1.535M -4271.36% YoY	$36.80K -86.4% YoY	$270.6K -21833.73% YoY	-$1.245K -96.89% YoY
Pretax Income	-$97.19M -8141.94% YoY	$1.209M -92.19% YoY	$15.47M 3239.75% YoY	$463.1K 16.33% YoY	$398.1K 0.0% YoY
Income Tax	-$5.206M -298.83% YoY	$2.618M 66.7% YoY	$1.571M 274.83% YoY	$419.0K N/A	$0.00 N/A
Net Earnings	-$91.98M 6424.25% YoY	-$1.410M -110.29% YoY	$13.70M 31022.33% YoY	$44.03K -88.94% YoY	$398.1K 0.0% YoY
Basic Earnings Per Share	-$7.76 4750.0% YoY	-$0.16 -200.0% YoY	$0.16 -1700.0% YoY	-$0.01 N/A	N/A
Diluted Earnings Per Share	-$7.76 4750.0% YoY	-$0.16 -200.0% YoY	$0.16 -1700.0% YoY	-$0.01 -149.42% YoY	$0.02 79.35% YoY
COMMON SHARES	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	11.59M shares 22.52% YoY	9.459M shares -88.67% YoY	83.48M shares 197.68% YoY	28.04M shares N/A	N/A
Diluted Shares Outstanding	11.59M shares 22.52% YoY	9.459M shares -88.67% YoY	83.48M shares 197.68% YoY	28.04M shares -11.23% YoY	31.59M shares N/A

Concept	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4
Revenue	$50.19M 16.07% YoY	$50.10M 17.28% YoY	$49.58M 8.11% YoY	$47.32M 15.43% YoY	$43.25M 9.72% YoY	$42.72M 71.92% YoY	$45.86M 289.25% YoY	$40.99M 84.57% YoY	$39.42M 74.57% YoY	$24.85M 130.57% YoY	$11.78M 23.06% YoY	$22.21M 144.02% YoY	$22.58M 166.17% YoY	$10.78M 21.41% YoY	$9.573M 178.06% YoY	$9.102M 179.93% YoY	$8.483M 221.38% YoY	$8.877M 354.91% YoY	$3.443M 130.84% YoY
Cost Of Revenue	$23.34M 23.69% YoY	$21.96M 18.53% YoY	$21.08M 10.57% YoY	$20.93M 12.59% YoY	$18.87M 6.42% YoY	$18.53M 158.81% YoY	$19.07M 122.98% YoY	$18.59M 203.91% YoY	$17.73M 193.49% YoY	$7.159M -14.11% YoY	$8.550M 14.67% YoY	$6.117M -7.61% YoY	$6.041M -26.98% YoY	$8.335M 21.62% YoY	$7.457M 196.6% YoY	$6.621M 223.96% YoY	$8.273M 320.06% YoY	$6.853M 617.76% YoY	$2.514M 306.12% YoY
Gross Profit	$26.85M 10.16% YoY	$28.14M 16.32% YoY	$28.50M 6.37% YoY	$26.39M 17.78% YoY	$24.38M 12.41% YoY	$24.20M 36.76% YoY	$26.79M 729.28% YoY	$22.40M 39.21% YoY	$21.69M 31.13% YoY	$17.69M 624.18% YoY	$3.231M 52.61% YoY	$16.09M 548.64% YoY	$16.54M 550.95% YoY	$2.443M 20.7% YoY	$2.117M 127.9% YoY	$2.481M 105.42% YoY	$2.541M 279.2% YoY	$2.024M 103.1% YoY	$928.9K 6.47% YoY
Selling, General & Admin	$24.41M -8.5% YoY	$24.99M 2.82% YoY	$121.9M 353.2% YoY	$26.77M 14.52% YoY	$26.68M 23.75% YoY	$24.30M 73.61% YoY	$26.89M 1214.85% YoY	$23.38M 81.75% YoY	$21.56M 70.97% YoY	$14.00M 404.97% YoY	$2.045M -46.39% YoY	$12.86M 634.57% YoY	$12.61M 608.11% YoY	$2.772M 73.26% YoY	$3.815M 395.6% YoY	$1.751M 178.43% YoY	$1.781M 81.04% YoY	$1.600M 70.21% YoY	$769.8K -5.21% YoY
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.110K -98.16% YoY	$570.00 -99.16% YoY	$1.200K -94.34% YoY	$20.21K -30.03% YoY	$60.47K 223.89% YoY
Depreciation & Amortization	$1.185M -11.83% YoY	$1.436M -0.02% YoY	$3.763M 14.05% YoY	$1.413M 23.4% YoY	$1.344M 62.58% YoY	$1.436M 19.53% YoY	$3.299M 2619.64% YoY	$1.145M 30.36% YoY	$826.7K -6.42% YoY	$1.202M 12041.04% YoY	$121.3K 12.55% YoY	$878.5K 746.44% YoY	$883.4K 790.82% YoY	$9.897K 290.88% YoY	$107.8K 637.71% YoY	$103.8K 610.89% YoY	$99.17K 940.61% YoY	$2.532K N/A	$14.61K N/A
Operating Expenses	$24.41M 20461.55% YoY	$24.99M 2.82% YoY	$121.9M 353.2% YoY	$26.77M 14.52% YoY	$118.7K -99.45% YoY	$24.30M 684.93% YoY	$26.89M 1214.85% YoY	$23.38M 81.75% YoY	$21.56M 745.27% YoY	$3.096M 11.69% YoY	$2.045M -46.41% YoY	$12.86M 634.33% YoY	$2.551M 43.14% YoY	$2.772M 71.1% YoY	$3.816M 359.64% YoY	$1.752M 151.33% YoY	$1.782M 77.34% YoY	$1.620M 67.57% YoY	$830.3K -0.06% YoY
Operating Profit	$2.440M -205.86% YoY	$3.157M -3077.94% YoY	-$93.37M 94118.47% YoY	-$387.6K -60.3% YoY	-$2.305M -1942.23% YoY	-$106.0K -102.87% YoY	-$99.10K -108.36% YoY	-$976.4K -130.23% YoY	$125.1K -96.81% YoY	$3.694M -1222.99% YoY	$1.186M -169.77% YoY	$3.230M 342.84% YoY	$3.928M 417.79% YoY	-$329.0K -181.43% YoY	-$1.699M -1823.26% YoY	$729.3K 42.79% YoY	$758.5K -326.49% YoY	$404.0K 1257.57% YoY	$98.61K 136.99% YoY
Interest Expense	$300.2K -79.74% YoY	$353.7K -75.96% YoY	-$1.425M -49.06% YoY	$510.6K -35.38% YoY	$1.482M 4461.23% YoY	$1.471M 33561.86% YoY	-$2.796M 8874.33% YoY	$790.2K 19415.76% YoY	$32.48K 66.39% YoY	$4.371K 337.98% YoY	-$31.16K -175.1% YoY	$4.049K N/A	$19.52K N/A	$998.00 N/A	$41.49K -311.68% YoY	$0.00 N/A	$0.00 -100.0% YoY	$0.00 -100.0% YoY	-$19.60K 77.38% YoY
Other Income/Expense, Net	$145.1K -115.49% YoY	-$292.8K -40.02% YoY	$827.0K 8.22% YoY	$1.003M -320.39% YoY	-$936.7K -325.44% YoY	-$488.3K -190.99% YoY	$764.2K N/A	-$455.1K -174.97% YoY	$415.5K 100.73% YoY	$536.6K 1624.29% YoY	N/A	$607.1K 1972.81% YoY	$207.0K 80.47% YoY	$31.12K -63.44% YoY	N/A	$29.29K -0.98% YoY	$114.7K N/A	$85.12K N/A	-$40.00K N/A
Pretax Income	$2.585M -179.75% YoY	$2.864M -581.98% YoY	-$93.97M 4308.95% YoY	$615.4K -142.99% YoY	-$3.242M -699.62% YoY	-$594.3K -114.05% YoY	-$2.131M -284.63% YoY	-$1.432M -137.31% YoY	$540.6K -86.93% YoY	$4.231M -1520.49% YoY	$1.154M -169.63% YoY	$3.837M 405.77% YoY	$4.135M 373.48% YoY	-$297.8K -160.9% YoY	-$1.658M -4349.76% YoY	$758.6K 56.54% YoY	$873.2K 582.9% YoY	$489.1K 878.15% YoY	$39.01K 27.65% YoY
Income Tax	$623.1K 27.07% YoY	$696.1K -307.15% YoY	-$5.562M 10514.89% YoY	$201.6K -89.18% YoY	$490.4K -6.59% YoY	-$336.1K -219.3% YoY	-$52.40K -113.64% YoY	$1.864M 488.55% YoY	$525.0K 25.52% YoY	$281.7K 93.36% YoY	$384.2K 313.56% YoY	$316.7K 301.18% YoY	$418.2K 143.47% YoY	$145.7K 93.21% YoY	$92.91K N/A	$78.95K N/A	$171.8K N/A	$75.40K N/A	N/A
Net Earnings	$1.962M -152.57% YoY	$2.168M -939.66% YoY	-$86.65M 3967.4% YoY	$566.0K -116.62% YoY	-$3.732M -23982.57% YoY	-$258.2K -106.47% YoY	-$2.130M -376.61% YoY	-$3.406M -197.91% YoY	$15.63K -99.58% YoY	$3.991M -999.78% YoY	$770.2K -142.44% YoY	$3.478M 411.78% YoY	$3.716M 429.81% YoY	-$443.5K -207.22% YoY	-$1.815M -4751.96% YoY	$679.6K 40.25% YoY	$701.4K 448.07% YoY	$413.7K 693.11% YoY	$39.01K 27.65% YoY
Basic Earnings Per Share	$0.17 -154.84% YoY	$0.18 -1000.0% YoY	N/A	$0.00 -100.0% YoY	-$0.31 N/A	-$0.02 -140.0% YoY	N/A	-$0.03 -175.0% YoY	$0.00 -100.0% YoY	$0.05 -600.0% YoY	N/A	$0.04 100.0% YoY	$0.04 100.0% YoY	-$0.01 -200.0% YoY	N/A	$0.02 0.0% YoY	$0.02 100.0% YoY	$0.01 N/A	N/A
Diluted Earnings Per Share	$0.17 -154.84% YoY	$0.18 -1000.0% YoY	-$7.09 42590.36% YoY	$0.00 -100.0% YoY	-$0.31 N/A	-$0.02 -140.0% YoY	-$0.02 -187.79% YoY	-$0.03 -175.0% YoY	$0.00 -100.0% YoY	$0.05 -600.0% YoY	$0.02 -139.77% YoY	$0.04 100.0% YoY	$0.04 100.0% YoY	-$0.01 -200.0% YoY	-$0.06 -5001.64% YoY	$0.02 100.0% YoY	$0.02 N/A	$0.01 N/A	$0.00 0.0% YoY
COMMON SHARES	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	12.67M shares -90.85% YoY	12.64M shares -90.43% YoY	141.2M shares 9.57% YoY	139.5M shares 15.43% YoY	138.4M shares 14.77% YoY	132.1M shares 260.74% YoY	128.9M shares N/A	120.8M shares 234.42% YoY	120.6M shares 233.8% YoY	36.62M shares 1.43% YoY	N/A	36.13M shares 28.22% YoY	36.12M shares 28.48% YoY	36.10M shares 28.4% YoY	N/A	28.18M shares 18.56% YoY	28.12M shares 22.57% YoY	28.12M shares 30.69% YoY	N/A
Diluted Shares Outstanding	12.76M shares 10.97% YoY	12.79M shares 16.47% YoY	N/A	142.8M shares 17.49% YoY	11.50M shares -91.05% YoY	10.98M shares -86.85% YoY	N/A	121.5M shares 45.57% YoY	128.5M shares 53.88% YoY	83.48M shares 150.59% YoY	N/A	83.48M shares 128.34% YoY	83.48M shares 132.46% YoY	33.31M shares N/A	N/A	36.56M shares 5.23% YoY	35.91M shares N/A	N/A	N/A

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