MRLN — Merlin, Inc.

Nasdaq · Information Technology · IT Services · CIK 2028707 ·
Last close
$6.54
Market Cap
$631.27M
52W High
$17.00
52W Low
$5.78
ADV30
3,294,191
Next earnings
2026-08-13
Merlin, Inc., an aerospace and defense technology company, develops AI-powered autonomous flight software and systems for aircraft in the United States and New Zealand. The company provides an aircraft-agnostic, AI-powered software platform that enables autonomous flight for both legacy and next-generation airborne systems. Its main product, the Merlin Pilot, is an integrated hardware and software solution that manages navigation, communication with air traffic control, obstacle avoidance, and real-time decision-making using sensor technologies and natural language processing. The company supports both military and civil aviation programs, offering solutions for missions such as cargo transport and national security operations. It collaborates with partners and regulatory bodies to conduct flight trials and support the certification of autonomous flight systems. The company serves defense organizations, commercial aviation clients, government agencies, regulators, and air cargo operators. The company was founded in 2018 and is based in Boston, Massachusetts.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026 1,002,000 -638,000 -27,012,000 -90,419,000 145,376,000 122,777,000 284,489,000
Sep 2025 87,813,000 66,757,000 619,227,000
Mar 2025 868,000 154,000 -11,404,000 -12,733,000
Dec 2024 862,000 -948,000 -12,312,000 -13,427,000 49,194,000 37,195,000 180,716,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$-49,747,000
Investing CF
$-2,456,000
Financing CF
$99,839,000
CapEx
$-2,587,000
Dividends Paid
Buybacks
EPS Diluted TTM
$-1.45
As of
2026-06-07

Balance + Analyst (yfinance extras)

Retained Earnings
$-641,472,000
Inventory
Receivables
$1,342,000
ST Investments
$325,000
EBIT TTM
$-113,346,000
Pretax Income TTM
$-116,192,000
Interest Exp TTM
$2,846,000
Analysts
2

Yahoo Snapshot (yfinance, live)

Total Revenue
$7,685,000
EBITDA
$-69,509,000
Free Cash Flow
Enterprise Value
$673,540,992
Total Cash
$123,102,000
Total Debt
$2,419,000
Shares Out
96,524,052
Trailing EPS
$-5.85
Book Value
$-100.93
ROE
ROA
Div Yield

Annual Trend (SEC EDGAR, last 2y)

Revenues vs Net Income (last 2y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2024 1,229,000 -54,025,000 -55,253,000 49,194,000 180,716,000 -45,537,000
Dec 2023 1,003,000 -38,436,000 -36,463,000 62,415,000 140,489,000 -31,696,000

TTM Snapshot

Revenues TTM
NetIncome TTM
OpCashFlow TTM
Assets (Latest)
Forward EPS
$-0.72

Max Pain — expiry 2027-01-15 (volume-derived — Yahoo OI feed degraded)

max pain strike: $5.00 · spot: $6.54 · call volume: 663 · put volume: 140
Expected Move to 2027-01-15: ±$4.50 (68.81%) — implied range $2.04$11.04 · ATM straddle on $7.50 strike

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News headlines (Yahoo Finance, 1h cache)

A Look At Merlin (MRLN) Valuation After C-130J Autonomy Design Review Milestone
2026-06-08 05:07 · Yahoo
Is Merlin (MRLN) Using the Jefferies Defense Summit Spotlight to Redefine Its Competitive Edge?
2026-06-06 19:11 · Yahoo
Merlin Successfully Completes Critical Design Review for C-130J Autonomy Program with USSOCOM
2026-06-04 20:05 · Yahoo
Merlin, Inc. To Participate in Upcoming Investor Conferences
2026-06-01 20:05 · Yahoo
What to Know About Pasqal, the Quantum Start-Up Going Public Soon
2026-05-27 20:59 · Yahoo
Market Insights on Merlin Labs (MRLN)
2026-05-25 14:57 · Yahoo
Merlin, Inc. Common Stock Q1 Earnings Call Highlights
2026-05-20 01:03 · Yahoo
Merlin Inc (MRLN) Q1 2026 Earnings Call Highlights: Strategic Milestones and Financial Challenges
2026-05-14 23:01 · Yahoo
Merlin Unveils Plans for AI-Powered Autonomy for Commercial Cargo Aircraft
2026-05-14 12:00 · Yahoo
Merlin, Inc. Reports First Quarter 2026 Results
2026-05-14 11:30 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.