MRDN (Golden Matrix Group, Inc.) Stock Financials & Earnings | Market Cap Arena

MRDN (Golden Matrix Group, Inc.) Stock Financials & Earnings | Market Cap Arena

MRDNGolden Matrix Group, Inc.

Mkt Cap$10M

Financial Services·Asset Management·🇺🇸 United States·NASDAQ

Revenue (TTM)$179M

Net Income (TTM)-$5M

EPS (TTM)-$0.04

Free Cash Flow (TTM)$26M

Gross Margin56.8%

Op. Margin-0.7%

Net Margin-3.0%

FCF Margin14.5%

P/S Ratio (TTM)0.1x

P/E Ratio (TTM)—

YoY Rev Growth+53.1%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 23

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q3 22	$10M	$2M	-$2M
Q4 22	$11M	$2M	-$329K
Q1 23	$10M	$2M	-$491K
Q2 23	$11M	$2M	-$892K
Q3 23	$12M	$3M	$1M
Q1 24	$25M	$18M	$4M
Q2 24	$39M	$22M	$125K
Q3 24	$41M	$22M	-$976K
Q4 24	$46M	$27M	$1M
Q1 25	$43M	$24M	$44K
Q2 25	$43M	$24M	-$2M
Q3 25	$47M	$26M	-$259K

Valuation

Quarter	P/S	P/E
Q3 22	0.3x	—
Q4 22	0.3x	—
Q1 23	0.3x	—
Q2 23	0.2x	—
Q3 23	0.2x	—
Q1 24	0.2x	3.1x
Q2 24	0.1x	2.6x
Q3 24	0.1x	7.1x
Q4 24	0.1x	—
Q1 25	0.1x	—
Q2 25	0.1x	—
Q3 25	0.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$764K	$738K
Q2 22	$21K	$18K
Q3 22	$56K	$55K
Q4 22	$402K	$400K
Q1 23	$334K	$323K
Q2 23	$334K	$334K
Q3 23	$1M	$1M
Q3 24	$5M	$2M
Q4 24	$16M	$13M
Q1 25	$8M	$7M
Q2 25	$3M	$26K
Q3 25	$7M	$6M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 22	$26K
Q2 22	$3K
Q3 22	$288
Q4 22	$2K
Q1 23	$11K
Q2 23	$165
Q3 23	$326
Q3 24	$2M
Q4 24	$3M
Q1 25	$1M
Q2 25	$3M
Q3 25	$855K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+46.1%	+81.7%
Q4 22	+21.4%	+31.1%
Q1 23	+21.5%	+39.8%
Q2 23	+24.2%	+45.7%
Q3 23	+23.1%	-6.0%
Q1 24	+130.6%	+90.5%
Q2 24	+282.4%	+263.8%
Q3 24	+262.5%	+244.0%
Q4 24	+289.2%	+321.7%
Q1 25	+71.9%	+101.7%
Q2 25	+9.7%	+15.9%
Q3 25	+15.4%	+13.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q3 22	$1K	$4M
Q4 22	—	$3M
Q1 23	—	$3M
Q2 23	—	$3M
Q3 23	—	$2M
Q1 24	—	$14M
Q2 24	—	$22M
Q3 24	—	$23M
Q4 24	—	$26M
Q1 25	—	$24M
Q2 25	—	$27M
Q3 25	—	$27M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$16M	$0	$16M
Q3 22	$15M	$0	$15M
Q4 22	$15M	$0	$15M
Q1 23	$16M	$0	$16M
Q2 23	$16M	$0	$16M
Q3 23	$17M	$0	$17M
Q2 24	$33M	$272K	$33M
Q3 24	$38M	$487K	$39M
Q4 24	$30M	$330K	$30M
Q1 25	$30M	$353K	$30M
Q2 25	$22M	$345K	$22M
Q3 25	$22M	$354K	$22M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q3 22	28M	-22.9%
Q4 22	33M	+18.2%
Q1 23	36M	+8.4%
Q2 23	36M	+0.0%
Q3 23	36M	+0.1%
Q1 24	83M	+130.8%
Q2 24	128M	+53.9%
Q3 24	122M	-5.4%
Q4 24	129M	+6.3%
Q1 25	132M	+2.0%
Q2 25	138M	+4.7%
Q3 25	143M	+3.5%