Merlin, Inc. (MRLN)

NASDAQ: MRLN · USD

$1.13

+0.05 (+5.1%)· Recorded snapshot

Market cap	113.7M
Revenue (ttm)	6.8M
Net income (ttm)	-610.8M
EPS (ttm)	-$57.1
Shares out	101.1M
Volume	1,114,339

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 6.8M
Net income (ttm): -610.8M
EPS (ttm): -$57.1
Market cap: 113.7M

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	Mantener
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	Mantener
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	Mantener

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/En/a

P25 n/aP50 n/aP75 n/a

ROEn/a

P25 n/aP50 n/aP75 n/a

ROICn/a

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MRLN indicators

Market & fundamental data

Available fields

173

Groups with data

Currency

USD

Showing 173 of 173 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0002028707
Company name	Merlin, Inc.
Country	United States
Country code	US
CUSIP number	590106100
Earnings date	2026-11-12
Earnings time	amc
Employees	125
Enterprise value	$-68M
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2018
Industry	Aerospace & Defense
Is primary listing	Yes
Is SPAC	No
ISIN number	US5901061003
Last earnings date	2026-08-13
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$113.7M
Market cap category	Micro-Cap
Next earnings date	2026-11-12
Options	Yes
Price	$1.13
Price currency	USD
Sector	Industrials
Stock price date	2026-10-28
Symbol	MRLN
U.S. state	Massachusetts
Website	https://www.merlinlabs.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings yield	-5,078.36%
FCF / EV yield	121.95%
FCF yield	-82.93%
Forward P/S	9.15x
Industry forward P/E	38.65x
Industry P/E	78.67x
P/B ratio	1.73x
P/S ratio	15.97x
Sector forward P/E	26.24x
Sector P/E	40.28x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
Gross margin	-1.93%
Operating margin	-1,383.16%
Pretax margin	-2,870.67%
Profit per employee	$-4.9M
Revenue per employee	$54,168
ROCE	-48.29%
SBC / revenue	109.35%
Tax / revenue	3.28%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth years	0
Net income growth years	0
Revenue growth	450.94%
Revenue growth (Q)	-29.39%
Revenue growth (QoQ)	118.96%
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-4.1M
Depreciation and amortization	$1.9M
EBIT	$-93.7M
EBITDA	$-91.7M
EPS	$-57.13
FCF per share	$-0.89
Financing cash flow	$269.6M
Free cash flow	$-89.7M
Free cash flow minus SBC	$-97.1M
Gross profit	$-131,000
Income taxes	$222,000
Investing cash flow	$-4.1M
Net borrowing	$-13.2M
Net cash flow	$179.9M
Net income	$-610.8M
Operating cash flow minus SBC	$-92.9M
Operating income	$-93.7M
Revenue	$6.8M
Stock-based compensation	$7.4M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	-3.74
Book value per share	$-0.99
Debt / equity	0.04
Interest coverage	-10,406
Long-term assets	$16M
Long-term liabilities	$131.4M
Net cash (debt)	$181.7M
Net cash / market cap	168%
Net cash growth	57,945.05%
Net debt / equity	-2.9
Piotroski F-Score	3
Property, plant and equipment	$13.3M
Shareholders' equity	$62.6M
Tangible book value	$-99.9M
Tangible book value per share	$-0.99
Total assets	$207M
Total cash	$183.9M
Total debt	$2.2M
Total liabilities	$144.4M

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current assets	$191M
Current liabilities	$13M
Current ratio	14.67
Net working capital	$-4.9M
Quick ratio	14.25
Working capital	$178M

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-108.88%
Dividend yield	0%
Shareholder yield	-108.88%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$5.37
1D price change	5.14%
1M price change	-43.72%
1M total return	-43.72%
1W price change	14.28%
1W total return	14.28%
1Y price change	-90.6%
1Y return CAGR	-90.61%
1Y total return	-90.6%
20-day SMA	$1.22
200-day SMA	$6.60
3M price change	-70.06%
3M total return	-70.06%
50-day SMA	$2.12
50-day SMA vs 200-day SMA	50under200
52-week high	$17.00
52-week high date	2026-04-16
52-week low	$0.82
52-week low date	2026-10-22
6M price change	-90.18%
6M total return	-90.18%
All-time high	$17.00
All-time high date	2026-04-16
All-time low	$0.82
All-time low date	2026-10-22
Average true range (ATR)	$0.17
Average volume	2.7M
Beta (1Y)	2.26
Beta (2Y)	0.76
Change from 52-week high	-93.38%
Change from 52-week low	37.2%
Change from all-time high	-93.41%
Change from all-time low	36.57%
Change from open	5.14%
Day's gap	0%
Dollar volume	$1.3M
High price	$1.14
Low price	$1.04
Monthly RSI	15.95
Open price	$1.07
Position in 52-week range	89.47%
Premarket change	0.93%
Premarket close	$1.07
Premarket price	$1.08
Premarket volume	95.4K
Previous close	$1.07
Price vs 150-day SMA	-79.13%
Price vs 20-day SMA	-7.98%
Price vs 200-day SMA	-83.02%
Price vs 50-day SMA	-47.25%
Relative volume	0.41
RSI	36.84
Sharpe ratio	-1.38
Sortino ratio	-1.9
Volume	1.1M
Weekly RSI	26.95
YTD price change	-89.55%
YTD total return	-89.55%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	39.2M
Float percentage	38.81%
Shares change (QoQ)	26.08%
Shares change (YoY)	108.88%
Shares held by insiders	15.26%
Shares held by institutions	12.96%
Shares outstanding	101.1M
Short % of float	31.03%
Short % of shares	12.04%
Short ratio	3.4 days

Deeper analysis on MRLN

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this MRLN report

Is a complete MRLN research report available?

No complete published report is available for Merlin, Inc. (MRLN) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Merlin, Inc. (MRLN)

Price

Financial snapshot

Fair-value bridge

Latest news · MRLN

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All MRLN indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on MRLN

Frequently asked questions