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Merlin, Inc.(MRLN US)

$1.13+0.1717.17%Ext:$1.12-0.010.85%(After Hours · 00:14:58 UTC)
ProfileFinancialsChartingShort InterestEmployees

Overview

Profile

Financials & Metrics

FinancialsChartingShort InterestEmployees
Logo
  • Home
  • AI Agent
  • Annotations
  • Files
  • Pricing and plans
  • BlogAboutContact us
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    Terms of servicePrivacy policy

  • Get the full experience

    We save the real magic for signed-in users.

HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Merlin, Inc.(MRLN US)

$1.13+0.1717.17%Ext:$1.12-0.010.85%(After Hours · 00:14:58 UTC)
ProfileFinancialsChartingShort InterestEmployees

Overview

Profile

Financials & Metrics

FinancialsChartingShort InterestEmployees
MRLN US​
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MRLN US​
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Merlin, Inc. — Company Profile

Merlin, Inc. is a US-based developer of cost-effective, takeoff-to-touchdown autonomy for both legacy and next-generation airborne systems. Its aircraft-agnostic, AI-powered software is purpose-built for military and civil programs and is powering an expanding range of missions and aircraft, proven through numerous autonomous flights from test facilities worldwide. The company works with military customers to address national security challenges through safe and reliable autonomy.

Sector
Health Care
Industry
Biotechnology
Exchange
UQ
CEO
Matthew George
Headquarters
Boston, MA, US
IPO Date
Mar 17, 2026
Employees
3
Website
www.merlinlabs.com

Key Metrics

Price
$1.71
Market Cap
$165.06M
Revenue (TTM)
$1.00M
Net Income (TTM)
$-90419000.00
EPS (TTM)
-1.27
P/E (TTM)
-1.90
P/B (TTM)
-1.19
Dividend Yield
0.00%
ROE (TTM)
65.00%
ROA (TTM)
-62.20%
Operating Margin
-26.96%

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Merlin, Inc. is a US-based developer of cost-effective, takeoff-to-touchdown autonomy for both legacy and next-generation airborne systems. Its aircraft-agnostic, AI-powered software is purpose-built for military and civil programs and is powering an expanding range of missions and aircraft, proven through numerous autonomous flights from test facilities worldwide. The company works with military customers to address national security challenges through safe and reliable autonomy.

Website
www.merlinlabs.com
Location
Boston, MA, US
Employees3
CEOMatthew George
Sector
Health Care
Industry
Biotechnology
IPO DateMar 17, 2026

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

News

  • What Merlin, Inc. Common Stock (MRLN) Said on Its Q3 Earnings Call12 Nov
  • Merlin, Inc. Reports Third Quarter 2026 Results12 Nov
  • Merlin Awarded Contract for U.S. Africa Command Autonomous Casualty Evacuation Technology Challenge11 Nov
  • Merlin Awarded $8.9 Million Task Order To Advance USSOCOM C-130J Autonomy Program from Design Into Integration10 Nov
  • Merlin to Report Third Quarter 2026 Results on November 12, 202622 Oct
  • Merlin Expands Flight Operations with Move to North Central State Airport20 Oct
  • Merlin, Inc. To Participate in Upcoming Investor Conferences5 Oct
  • Merlin, Inc. Common Stock (NASDAQ:MRLN) Receives Consensus Rating of “Moderate Buy” from Brokerages22 Sep
  • Merlin Demonstrates Autonomous Flight Capabilities at Texas Department of Transportation Project NEXUS eIPP Kickoff Event10 Sep
  • Merlin Announces Plans to Pursue a Civil Certification Strategy for Large Aircraft9 Sep
  • Merlin Gets A Buy For Development Milestones And Growth Potential31 Aug
  • Merlin Designated a New Zealand Part 146 Aircraft Design Organization, Advancing Its Path to Commercial Operations24 Aug
  • Merlin, Inc. Common Stock Q2 Earnings Call Highlights13 Aug
  • Merlin, Inc. Reports Second Quarter 2026 Results13 Aug

Key Stats

Trading

Px/Chg 1D$1.71 / -5.52%
Avg Volume2.14M
BetaN/A
Mkt Cap165.06M
FD Mkt Cap297.78M

Float

Shrs Out/Float96.52M / 28.64M
Short Float1.83%
Days to Cover2.29
Stock Repurchased$0.00

Current Valuation

EV44.70M
EV/EBITDA-0.50
EV/Sales44.61
P/B-1.19
P/S164.73
FCF Yield-15.63%
ROE65.00%
ROA-62.20%
Current Ratio8.72

Estimates

P/E-1.90
Est P/E0.00
Est EPS-0.10
Est PEG0.00

Valuation

Metric5Yr AvgMay '26Oct '26
PRICE-BASED RATIOS
Price / Earnings98.47198.76-1.83
Price / Sales82.360.00164.73
Price / Book Value-0.120.95-1.19
Price / Free Cash Flow-5.71-5.02-6.40
ENTERPRISE VALUE METRICS
Enterprise Value141.2237.644.7
Enterprise Value / Sales22.300.0044.61
Enterprise Value / EBITDA98.84198.18-0.50
Enterprise Value / EBIT98.84198.18-0.49

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue—1.01.2-
Gross Income—0.3-7.3-
EBITDA—-33.7-50.46.0
EBIT—-35.5-52.56.0
Net Income—-36.5-55.36.0
EPS (Diluted)—-1.08-1.640.18
BALANCE SHEET
Cash & ST Inv-88.3%51.037.60.7
Total Assets105.3%62.449.2263.1
Total Liabilities-70.7%140.5180.712.1
Total Shareholder Equity—-78.1-131.5251.1
CASH FLOW
Net Operating Cash Flow43.7%-31.7-45.5—
Cap Ex-60.7%-4.8-1.9—
Free Cash Flow29.8%-36.5-47.4—

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)1.13
Basic Shares96.52
Market Cap109.1
Diluted Shares91.31
Fully Diluted Shares Outstanding91.31
Fully Diluted Market Cap103.2
+Consolidated Debt2.2
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-183.6
−Short-term Investments-0.3
+Total Preferred162.5
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value90.2

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Merlin, Inc. — Company Profile

Merlin, Inc. is a US-based developer of cost-effective, takeoff-to-touchdown autonomy for both legacy and next-generation airborne systems. Its aircraft-agnostic, AI-powered software is purpose-built for military and civil programs and is powering an expanding range of missions and aircraft, proven through numerous autonomous flights from test facilities worldwide. The company works with military customers to address national security challenges through safe and reliable autonomy.

Sector
Health Care
Industry
Biotechnology
Exchange
UQ
CEO
Matthew George
Headquarters
Boston, MA, US
IPO Date
Mar 17, 2026
Employees
3
Website
www.merlinlabs.com

Key Metrics

Price
$1.71
Market Cap
$165.06M
Revenue (TTM)
$1.00M
Net Income (TTM)
$-90419000.00
EPS (TTM)
-1.27
P/E (TTM)
-1.90
P/B (TTM)
-1.19
Dividend Yield
0.00%
ROE (TTM)
65.00%
ROA (TTM)
-62.20%
Operating Margin
-26.96%

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Merlin, Inc. is a US-based developer of cost-effective, takeoff-to-touchdown autonomy for both legacy and next-generation airborne systems. Its aircraft-agnostic, AI-powered software is purpose-built for military and civil programs and is powering an expanding range of missions and aircraft, proven through numerous autonomous flights from test facilities worldwide. The company works with military customers to address national security challenges through safe and reliable autonomy.

Website
www.merlinlabs.com
Location
Boston, MA, US
Employees3
CEOMatthew George
Sector
Health Care
Industry
Biotechnology
IPO DateMar 17, 2026

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

News

  • What Merlin, Inc. Common Stock (MRLN) Said on Its Q3 Earnings Call12 Nov
  • Merlin, Inc. Reports Third Quarter 2026 Results12 Nov
  • Merlin Awarded Contract for U.S. Africa Command Autonomous Casualty Evacuation Technology Challenge11 Nov
  • Merlin Awarded $8.9 Million Task Order To Advance USSOCOM C-130J Autonomy Program from Design Into Integration10 Nov
  • Merlin to Report Third Quarter 2026 Results on November 12, 202622 Oct
  • Merlin Expands Flight Operations with Move to North Central State Airport20 Oct
  • Merlin, Inc. To Participate in Upcoming Investor Conferences5 Oct
  • Merlin, Inc. Common Stock (NASDAQ:MRLN) Receives Consensus Rating of “Moderate Buy” from Brokerages22 Sep
  • Merlin Demonstrates Autonomous Flight Capabilities at Texas Department of Transportation Project NEXUS eIPP Kickoff Event10 Sep
  • Merlin Announces Plans to Pursue a Civil Certification Strategy for Large Aircraft9 Sep
  • Merlin Gets A Buy For Development Milestones And Growth Potential31 Aug
  • Merlin Designated a New Zealand Part 146 Aircraft Design Organization, Advancing Its Path to Commercial Operations24 Aug
  • Merlin, Inc. Common Stock Q2 Earnings Call Highlights13 Aug
  • Merlin, Inc. Reports Second Quarter 2026 Results13 Aug

Key Stats

Trading

Px/Chg 1D$1.71 / -5.52%
Avg Volume2.14M
BetaN/A
Mkt Cap165.06M
FD Mkt Cap297.78M

Float

Shrs Out/Float96.52M / 28.64M
Short Float1.83%
Days to Cover2.29
Stock Repurchased$0.00

Current Valuation

EV44.70M
EV/EBITDA-0.50
EV/Sales44.61
P/B-1.19
P/S164.73
FCF Yield-15.63%
ROE65.00%
ROA-62.20%
Current Ratio8.72

Estimates

P/E-1.90
Est P/E0.00
Est EPS-0.10
Est PEG0.00

Valuation

Metric5Yr AvgMay '26Oct '26
PRICE-BASED RATIOS
Price / Earnings98.47198.76-1.83
Price / Sales82.360.00164.73
Price / Book Value-0.120.95-1.19
Price / Free Cash Flow-5.71-5.02-6.40
ENTERPRISE VALUE METRICS
Enterprise Value141.2237.644.7
Enterprise Value / Sales22.300.0044.61
Enterprise Value / EBITDA98.84198.18-0.50
Enterprise Value / EBIT98.84198.18-0.49

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue—1.01.2-
Gross Income—0.3-7.3-
EBITDA—-33.7-50.46.0
EBIT—-35.5-52.56.0
Net Income—-36.5-55.36.0
EPS (Diluted)—-1.08-1.640.18
BALANCE SHEET
Cash & ST Inv-88.3%51.037.60.7
Total Assets105.3%62.449.2263.1
Total Liabilities-70.7%140.5180.712.1
Total Shareholder Equity—-78.1-131.5251.1
CASH FLOW
Net Operating Cash Flow43.7%-31.7-45.5—
Cap Ex-60.7%-4.8-1.9—
Free Cash Flow29.8%-36.5-47.4—

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)1.13
Basic Shares96.52
Market Cap109.1
Diluted Shares91.31
Fully Diluted Shares Outstanding91.31
Fully Diluted Market Cap103.2
+Consolidated Debt2.2
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-183.6
−Short-term Investments-0.3
+Total Preferred162.5
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value90.2

Related companies

Space Exploration Technologies Corp

SPCX US

RTX Corp

RTX US

Boeing Co. Cedear Each 6 Rep 1

BA AF

Safran S.A.

SAFRY US

Boeing Co

BA US

Bae Systems Plc /FI/

BAESY US

Honeywell International Inc

HON US

Leonardo S.p.a

FINMY US

TransDigm Group INC

TDG US

Honeywell Aerospace Inc.

HONAV US

China CSSC Holdings Limited

600150 CG

Hanwha Aerospace Co., Ltd.

012450 KP