{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-26-001762","form_type":"8-K","ticker":"MRDN","cik":"0001437925","company_name":"Meridian Holdings Inc./NV","filed_at":"2026-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.086688+00:00","generated_at":"2026-05-15T08:08:20.507515+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Meridian Holdings reports record FY2025 revenue $182.9M, net loss $92M on $91.8M impairment","bullets":["Q4 revenue $49.6M (+8% YoY); FY revenue $182.9M (+21% YoY).","Net loss $88.4M Q4 ($7.09 diluted) and $92M FY ($7.76) primarily from $91.8M non-cash goodwill impairment.","Adjusted EBITDA $19.4M FY vs $22.2M prior year; Q4 $4.6M vs $6.5M.","Cash $18.1M; total debt down 51% to $34.7M; net debt leverage <0.9x.","Q1 2026 preliminary: revenue ~$50M (+17%), Adj. EBITDA ~$6.1M (+9%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-26-001762","json":"https://secwatch.observer/filing/0001477932-26-001762.json","markdown":"https://secwatch.observer/filing/0001477932-26-001762.md","text":"https://secwatch.observer/filing/0001477932-26-001762.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437925/000147793226001762/0001477932-26-001762-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437925/000147793226001762/meridian_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:08:20.507515+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"56d93a31f0f0c141f0b68a51925f77301920c352","claim":"Meridian Holdings Inc./NV updated its the fourth quarter and full-year ended December 31, 2025 guidance (initiated).","evidence_excerpt":"On March 31, 2026, Meridian Holdings Inc. (the “Company”, “we” and “us”) issued a press release disclosing its results of operations for the twelve-month period ended December 31, 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437925/000147793226001762/0001477932-26-001762-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full-year ended December 31, 2025"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}