Meridian Holdings Inc. (NASDAQ: MRDN) has continued to outperform the Magnificent Seven in 2026, with its shares gaining approximately 45% year to date through the close on 31 August.
Meridian closed at $13.92 on 31 August. Compared with the company’s split-adjusted closing price of $9.61 at the end of 2025, that represents a share-price gain of approximately 44.8%.
That performance remains well ahead of each of the seven US technology companies commonly grouped together as the Magnificent Seven.
Based on closing share prices at the end of 2025 and 31 August 2026, the comparison is approximately:
Meridian Holdings (MRDN): +44.8%
Nvidia (NVDA): +18.4%
Apple (AAPL): +16.5%
Amazon (AMZN): +12.5%
Alphabet (GOOGL): +8.4%
Microsoft (MSFT): +4.9%
Meta Platforms (META): -13.3%
Tesla (TSLA): -18.2%
This means Meridian’s share-price return is more than twice that of Nvidia, the strongest performer among the Magnificent Seven on this price-return comparison.
The stock performance has been accompanied by improving financial results. Meridian reported second-quarter 2026 revenue of $50.2 million, up 16% year on year, taking first-half revenue to a record $100.3 million, an increase of 17%.
Net income attributable to Meridian was $2.2 million in the second quarter, equivalent to $0.17 per diluted share, compared with a $3.6 million attributable loss a year earlier. The result marked the company’s second consecutive quarter of GAAP profitability.
Adjusted EBITDA increased 43% year on year to $5.9 million, with the adjusted EBITDA margin rising to 11.8%. Operating cash flow reached $7.8 million, more than three times the $2.4 million generated in the corresponding period last year.
Meridian has also continued to reduce leverage. At 30 June, the company had $17.3 million of cash, total debt of $26.7 million and net debt of $9.4 million. Net debt was down 65% year on year, while the net debt leverage ratio had fallen to 0.39 times.
Meridianbet Group remained the largest part of the business, generating second-quarter revenue of $35.8 million, up 23% year on year and accounting for 71% of group revenue. Segment operating income increased 91% to $6.1 million.
Expanse Studios also reported revenue growth of 138% and gross gaming revenue growth of 90%.
The company previously traded as Golden Matrix Group before changing its name to Meridian Holdings and moving to the MRDN ticker on 3 March 2026.
At the same time, it completed a one-for-12 reverse stock split, meaning historical comparisons need to account for the change in share structure.
