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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%	Trzymaj
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	Trzymaj
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	Trzymaj

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

Metric

Value

Amount currency

USD

CIK code

0002028707

Company name

Merlin, Inc.

Country

United States

Country code

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

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

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

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

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%

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%

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

Metric

Value

EPS growth years

Net income growth years

Revenue growth

450.94%

Revenue growth (Q)

-29.39%

Revenue growth (QoQ)

118.96%

Revenue growth years

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

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

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

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

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

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

Metric

Value

Current assets

$191M

Current liabilities

$13M

Current ratio

14.67

Net working capital

$-4.9M

Quick ratio

14.25

Working capital

$178M

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

Metric

Value

Buyback yield / dilution

-108.88%

Dividend yield

Shareholder yield

-108.88%

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%

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

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%

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

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

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