Form 10-K · FY25

Citation record. This page exists so any reference to mera-10k-fy25 on MERA resolves to a permanent URL — metrics, filings, and memos all link back here.

No public URL is recorded for this source. The desk holds the original document; in production this page would render or link to a desk-hosted copy.

What this source backs

Metrics

• Revenue (FY) · $184.2M (direct)
• EBITDA margin · 21.4% (calculated)
• ROIC (TTM) · 18.7% (calculated)
• Net cash · $41M (direct)
• Customer concentration · 61% top-2 (direct)

Filings

• 10-K · Annual report FY25 2026-03-12
• 8-K · Customer renegotiation update 2026-02-08

Memos

• MERA — FY25 deep-dive: customer concentration is the question