MRLN
Merlin, Inc.
Price Chart
Latest Quote
$5.73
-0.27 (-4.50%)
Current Price
| Previous Close | $6.00 |
| Open | $6.02 |
| Day High | $6.10 |
| Day Low | $5.75 |
| Volume | 1,632,663 |
Stock Information
| Shares Outstanding | 96.52M |
| Total Debt | $2.42M |
| Cash Equivalents | $123.10M |
| Revenue | $7.68M |
| Net Income | $-499.60M |
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Market Cap | $553.08M |
| EPS (TTM) | $-5.85 |
| Exchange | NGM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $638.79M |
| Sales | $7.68M |
| Income | $-499.60M |
| Book/sh | $-100.93 |
| Cash/sh | $1.28 |
Financial Ratios
| Quick Ratio | 8.35 |
| Current Ratio | 8.72 |
| Debt/Eq | 5.87 |
Returns & Margins
| Gross Margin | 0.36% |
| Operating Margin | -2695.81% |
Ownership
| Insider Ownership | 61.84% |
| Institutional Ownership | 32.30% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -7.96 |
| P/S | 71.97 |
| P/B | -0.06 |
Analyst Data
| Recommendation | strong_buy |
| Target Price | $13.00 |
Technical Indicators
| SMA20 | $7.16 |
| SMA50 | $8.69 |
| SMA200 | $10.01 |
| RSI | 35.74 |
| ATR | 0.8847 |
| Shares Float | 28.64M |
| Short Ratio | 1.94 |
| Rel Volume | 0.37 |
Performance History
| Week | -9.91% |
| Month | -19.18% |
| Quarter | -53.49% |
| 6 Months | -46.99% |
| YTD | -46.65% |
| Year | -44.80% |
| 10 Years | -41.83% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $5.73 | 1,632,663 |
| 2026-06-23 | $6.00 | 2,235,800 |
| 2026-06-22 | $6.30 | 2,360,800 |
| 2026-06-18 | $6.69 | 4,954,600 |
| 2026-06-17 | $6.54 | 2,417,900 |
| 2026-06-16 | $6.36 | 3,785,300 |
| 2026-06-15 | $6.99 | 2,240,400 |
| 2026-06-12 | $6.81 | 2,370,200 |
| 2026-06-11 | $7.02 | 2,638,300 |
| 2026-06-10 | $7.05 | 3,046,300 |
| 2026-06-09 | $7.43 | 5,024,800 |
| 2026-06-08 | $7.89 | 7,339,900 |
| 2026-06-05 | $8.60 | 28,534,600 |
| 2026-06-04 | $7.18 | 5,312,400 |
| 2026-06-03 | $7.27 | 2,910,000 |
| 2026-06-02 | $7.61 | 2,199,500 |
| 2026-06-01 | $7.18 | 2,746,200 |
| 2026-05-29 | $8.05 | 2,371,700 |
| 2026-05-28 | $8.44 | 1,563,300 |
| 2026-05-27 | $8.00 | 2,117,400 |
| 2026-05-26 | $7.50 | 2,167,800 |
About Merlin, Inc.
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.
đ° Latest News
Merlin (MRLN) Successfully Concludes Design Review for C-130J Autonomy Program
Insider Monkey âĸ 2026-06-18T10:43:10Z
A Look At Merlin (MRLN) Valuation After C-130J Autonomy Design Review Milestone
Simply Wall St. âĸ 2026-06-08T05:07:17Z
Is Merlin (MRLN) Using the Jefferies Defense Summit Spotlight to Redefine Its Competitive Edge?
Simply Wall St. âĸ 2026-06-06T19:11:13Z
What to Know About Pasqal, the Quantum Start-Up Going Public Soon
Barrons.com âĸ 2026-05-27T20:59:00Z
Market Insights on Merlin Labs (MRLN)
Insider Monkey âĸ 2026-05-25T14:57:31Z
Merlin, Inc. Common Stock Q1 Earnings Call Highlights
MarketBeat âĸ 2026-05-20T01:03:13Z
Merlin Inc (MRLN) Q1 2026 Earnings Call Highlights: Strategic Milestones and Financial Challenges
GuruFocus.com âĸ 2026-05-14T23:01:20ZAssessing Merlin (MRLN) Valuation After Recent Share Price Swings And Mounting Losses
Simply Wall St. âĸ 2026-04-18T22:04:36Z
Merlin Joins NASDAQ Composite As Investors Weigh Dilution And Growth Potential
Simply Wall St. âĸ 2026-03-23T13:06:41Z
Period:
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Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Revenue | ||
| Reconciled Cost Of Revenue | $8,500,000 | $735,000 |
| Cost Of Revenue | $8,500,000 | $735,000 |
| Total Revenue | $1,229,000 | $1,003,000 |
| Operating Revenue | $1,229,000 | $1,003,000 |
| Expenses | ||
| Interest Expense | $2,420,000 | $304,000 |
| Total Expenses | $55,254,000 | $39,439,000 |
| Other Income Expense | $-462,000 | $-269,000 |
| Other Non Operating Income Expenses | $-197,000 | $-214,000 |
| Net Non Operating Interest Income Expense | $-415,000 | $2,948,000 |
| Interest Expense Non Operating | $2,420,000 | $304,000 |
| Operating Expense | $46,754,000 | $38,704,000 |
| Selling And Marketing Expense | $1,744,000 | $1,180,000 |
| General And Administrative Expense | $17,864,000 | $12,855,000 |
| Income & Earnings | ||
| Net Income From Continuing Operation Net Minority Interest | $-55,253,000 | $-36,463,000 |
| Net Interest Income | $-415,000 | $2,948,000 |
| Interest Income | $2,005,000 | $3,252,000 |
| Normalized Income | $-55,043,650 | $-36,419,550 |
| Net Income From Continuing And Discontinued Operation | $-55,253,000 | $-36,463,000 |
| Total Operating Income As Reported | $-54,025,000 | $-38,436,000 |
| Net Income Common Stockholders | $-55,253,000 | $-36,463,000 |
| Net Income | $-55,253,000 | $-36,463,000 |
| Net Income Including Noncontrolling Interests | $-55,253,000 | $-36,463,000 |
| Net Income Continuous Operations | $-55,253,000 | $-36,463,000 |
| Pretax Income | $-54,902,000 | $-35,757,000 |
| Interest Income Non Operating | $2,005,000 | $3,252,000 |
| Operating Income | $-54,025,000 | $-38,436,000 |
| Gross Profit | $-7,271,000 | $268,000 |
| Per Share | ||
| Diluted EPS | $-0.78 | $-0.51 |
| Basic EPS | $-0.78 | $-0.51 |
| Other | ||
| Tax Effect Of Unusual Items | $-55,650 | $-11,550 |
| Tax Rate For Calcs | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-50,176,000 | $-33,601,000 |
| Total Unusual Items | $-265,000 | $-55,000 |
| Total Unusual Items Excluding Goodwill | $-265,000 | $-55,000 |
| Reconciled Depreciation | $2,041,000 | $1,797,000 |
| EBITDA (Bullshit earnings) | $-50,441,000 | $-33,656,000 |
| EBIT | $-52,482,000 | $-35,453,000 |
| Diluted Average Shares | $70,947,705 | $70,947,705 |
| Basic Average Shares | $70,947,705 | $70,947,705 |
| Diluted NI Availto Com Stockholders | $-55,253,000 | $-36,463,000 |
| Tax Provision | $351,000 | $706,000 |
| Gain On Sale Of Security | $-265,000 | $-55,000 |
| Research And Development | $27,146,000 | $24,669,000 |
| Selling General And Administration | $19,608,000 | $14,035,000 |
| Other Gand A | $17,864,000 | $12,855,000 |
Fetched: 2026-06-23
Balance Sheet (Annual)
| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Assets | ||
| Net Tangible Assets | $-131,522,000 | $-78,074,000 |
| Total Assets | $49,194,000 | $62,415,000 |
| Total Non Current Assets | $10,046,000 | $9,762,000 |
| Non Current Prepaid Assets | $109,000 | $134,000 |
| Current Assets | $39,148,000 | $52,653,000 |
| Other Current Assets | $1,040,000 | $1,599,000 |
| Receivables | $536,000 | $21,000 |
| Accounts Receivable | $536,000 | $21,000 |
| Cash Cash Equivalents And Short Term Investments | $37,572,000 | $51,033,000 |
| Cash And Cash Equivalents | $37,195,000 | $50,485,000 |
| Debt | ||
| Total Debt | $37,259,000 | $3,812,000 |
| Long Term Debt And Capital Lease Obligation | $22,326,000 | $2,280,000 |
| Long Term Debt | $21,673,000 | $1,282,000 |
| Current Debt And Capital Lease Obligation | $14,933,000 | $1,532,000 |
| Current Debt | $14,224,000 | $1,000,000 |
| Other Current Borrowings | $14,224,000 | $1,000,000 |
| Liabilities | ||
| Total Liabilities Net Minority Interest | $180,716,000 | $140,489,000 |
| Total Non Current Liabilities Net Minority Interest | $156,528,000 | $135,721,000 |
| Derivative Product Liabilities | $3,586,000 | $2,825,000 |
| Current Liabilities | $24,188,000 | $4,768,000 |
| Current Deferred Liabilities | $112,000 | $0 |
| Payables And Accrued Expenses | $3,977,000 | $3,236,000 |
| Payables | $1,294,000 | $1,396,000 |
| Accounts Payable | $1,294,000 | $1,396,000 |
| Equity | ||
| Common Stock Equity | $-131,522,000 | $-78,074,000 |
| Total Equity Gross Minority Interest | $-131,522,000 | $-78,074,000 |
| Stockholders Equity | $-131,522,000 | $-78,074,000 |
| Retained Earnings | $-135,532,000 | $-80,279,000 |
| Preferred Securities Outside Stock Equity | $130,616,000 | $130,616,000 |
| Other | ||
| Ordinary Shares Number | $82,691,551 | $82,691,551 |
| Share Issued | $82,691,551 | $82,691,551 |
| Tangible Book Value | $-131,522,000 | $-78,074,000 |
| Invested Capital | $-95,625,000 | $-75,792,000 |
| Working Capital | $14,960,000 | $47,885,000 |
| Capital Lease Obligations | $1,362,000 | $1,530,000 |
| Total Capitalization | $-109,849,000 | $-76,792,000 |
| Additional Paid In Capital | $4,009,000 | $2,204,000 |
| Capital Stock | $1,000 | $1,000 |
| Common Stock | $1,000 | $1,000 |
| Long Term Capital Lease Obligation | $653,000 | $998,000 |
| Current Deferred Revenue | $112,000 | $0 |
| Current Capital Lease Obligation | $709,000 | $532,000 |
| Current Provisions | $5,166,000 | - |
| Current Accrued Expenses | $2,683,000 | $1,840,000 |
| Net PPE | $9,937,000 | $9,628,000 |
| Accumulated Depreciation | $-3,595,000 | $-2,113,000 |
| Gross PPE | $13,532,000 | $11,741,000 |
| Leases | $394,000 | $369,000 |
| Other Properties | $1,348,000 | $1,458,000 |
| Machinery Furniture Equipment | $11,790,000 | $9,914,000 |
| Properties | $0 | $0 |
| Other Short Term Investments | $377,000 | $548,000 |
Fetched: 2026-06-23
Cash Flow Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Free Cash Flow | ||
| Free Cash Flow | $-47,441,000 | $-36,540,000 |
| Operating Activities | ||
| Operating Cash Flow | $-45,537,000 | $-31,696,000 |
| Cash Flow From Continuing Operating Activities | $-45,537,000 | $-31,696,000 |
| Operating Gains Losses | $68,000 | $-128,000 |
| Investing Activities | ||
| Capital Expenditure | $-1,904,000 | $-4,844,000 |
| Investing Cash Flow | $-1,693,000 | $-4,868,000 |
| Cash Flow From Continuing Investing Activities | $-1,693,000 | $-4,868,000 |
| Financing Activities | ||
| Repurchase Of Capital Stock | $0 | $-1,510,000 |
| Financing Cash Flow | $33,940,000 | $-2,506,000 |
| Cash Flow From Continuing Financing Activities | $33,940,000 | $-2,506,000 |
| Net Preferred Stock Issuance | $0 | $-1,510,000 |
| Other | ||
| Repayment Of Debt | $-1,000,000 | $-1,017,000 |
| Issuance Of Debt | $34,378,000 | $0 |
| Interest Paid Supplemental Data | $1,586,000 | $236,000 |
| Income Tax Paid Supplemental Data | $237,000 | $132,000 |
| End Cash Position | $37,195,000 | $50,485,000 |
| Beginning Cash Position | $50,485,000 | $89,555,000 |
| Changes In Cash | $-13,290,000 | $-39,070,000 |
| Proceeds From Stock Option Exercised | $562,000 | $21,000 |
| Preferred Stock Payments | $0 | $-1,510,000 |
| Net Issuance Payments Of Debt | $33,378,000 | $-1,017,000 |
| Net Long Term Debt Issuance | $33,378,000 | $-1,017,000 |
| Long Term Debt Payments | $-1,000,000 | $-1,017,000 |
| Long Term Debt Issuance | $34,378,000 | $0 |
| Net Investment Purchase And Sale | $211,000 | $-34,000 |
| Net PPE Purchase And Sale | $-1,904,000 | $-4,834,000 |
| Sale Of PPE | $0 | $10,000 |
| Purchase Of PPE | $-1,904,000 | $-4,844,000 |
| Change In Working Capital | $-685,000 | $1,169,000 |
| Change In Other Working Capital | $-1,069,000 | - |
| Change In Other Current Liabilities | $-612,000 | $-670,000 |
| Change In Payables And Accrued Expense | $795,000 | $2,127,000 |
| Change In Accrued Expense | $893,000 | $-211,000 |
| Change In Payable | $-98,000 | $2,338,000 |
| Change In Account Payable | $-98,000 | $2,338,000 |
| Change In Prepaid Assets | $712,000 | $-271,000 |
| Change In Receivables | $-511,000 | $-17,000 |
| Changes In Account Receivables | $-511,000 | $-17,000 |
| Other Non Cash Items | $206,000 | $123,000 |
| Stock Based Compensation | $1,739,000 | $1,806,000 |
| Provisionand Write Offof Assets | $6,347,000 | $0 |
| Depreciation Amortization Depletion | $2,041,000 | $1,797,000 |
| Depreciation And Amortization | $2,041,000 | $1,797,000 |
| Depreciation | $2,041,000 | $1,797,000 |
| Gain Loss On Investment Securities | $265,000 | $55,000 |
| Net Foreign Currency Exchange Gain Loss | $-197,000 | $-199,000 |
| Gain Loss On Sale Of PPE | $0 | $16,000 |
| Net Income From Continuing Operations | $-55,253,000 | $-36,463,000 |
Fetched: 2026-06-23