Merlin, Inc. (MRLN)
| Market Cap | 114.21M -68.0% |
| Revenue (ttm) | 8.31M +22.9% |
| Net Income | -50.91M |
| EPS | -9.11 |
| Shares Out | 101.07M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 42,476,092 |
| Open | 1.240 |
| Previous Close | 0.964 |
| Day's Range | 1.090 - 1.380 |
| 52-Week Range | 0.741 - 17.000 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 6.00 (+430.97%) |
| Earnings Date | Nov 12, 2026 |
About MRLN
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... [Read more]
Financial Performance
In 2025, Merlin's revenue was $7.55 million, an increase of 514.40% compared to the previous year's $1.23 million. Losses were -$420.50 million, 661.0% more than in 2024.
Financial StatementsAnalyst Summary
According to 6 analysts, the average rating for MRLN stock is "Strong Buy." The 12-month stock price target is $6.0, which is an increase of 430.97% from the latest price.
News
Merlin price target lowered to $4 from $10 at Roth Capital
Roth Capital lowered the firm’s price target on Merlin (MRLN) to $4 from $10 and keeps a Buy rating on the shares after its Q3 results and continued early-stage revenue…
Merlin price target lowered to $2.50 from $4 at TD Cowen
TD Cowen analyst Gautam Khanna lowered the firm’s price target on Merlin (MRLN) to $2.50 from $4 and keeps a Buy rating on the shares. The firm updated its model…
Merlin Earnings Call Transcript: Q3 2026
Q3 revenue reached ~$3.5 million, up 58% sequentially, while adjusted EBITDA loss narrowed. Funded USSOCOM and AFRICOM awards advanced autonomy programs, and 2027 cost plans target runway into 2029 without capital raises.
Merlin Quarterly report: Q3 2026
Merlin has published its Q3 2026 quarterly earnings report on November 12, 2026.
Merlin Earnings release: Q3 2026
Merlin released its Q3 2026 earnings on November 12, 2026, summarizing the period's financial results.
Merlin reports Q3 EPS 37c, consensus (30c)
Reports Q3 revenue $3.46M, consensus $2.23M. “We’re advancing our defense programs in the places our customers need autonomy most,” said Matt George, CEO of Merlin (MRLN). “The new $8.9 million…
Merlin sees FY27 operating expenses meaningfully lower than FY26
The company said, “Merlin’s (MRLN) planning process for 2027 is underway. We expect to bring our 2027 operating expenses meaningfully below our 2026 level. We will do that by concentrating…
Merlin, Inc. Reports Third Quarter 2026 Results
BOSTON, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (Nasdaq: MRLN), an aerospace and defense technology company building the operating system of record for autonomous flight, today announced operat...
Merlin awarded $500,000 Africa Command contract
Merlin (MRLN) announced it has been awarded a U.S. Africa Command, or AFRICOM, contract to demonstrate capability in the initial phase of its Autonomous Casualty Evacuation, or CASEVAC, Industry Techn...
Merlin Awarded Contract for U.S. Africa Command Autonomous Casualty Evacuation Technology Challenge
Merlin was awarded a contract that funds the challenge to demonstrate a mature solution that addresses AFRICOM's casualty evacuation gap Merlin was awarded a contract that funds the challenge to demon...
Merlin awarded $8.9M task order
Merlin (MRLN) announced it was awarded a new task order worth $8.9M for the next phase of its C-130J autonomy program with the U.S. Special Operations Command, or USSOCOM. Following…
Merlin Awarded $8.9 Million Task Order To Advance USSOCOM C-130J Autonomy Program from Design Into Integration
BOSTON, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (NASDAQ: MRLN), an aerospace and defense technology company building the operating system of record for autonomous flight, today announced it was...
Merlin to Report Third Quarter 2026 Results on November 12, 2026
Presentation and live Q&A to be held after market close on Thursday, November 12, 2026 Presentation and live Q&A to be held after market close on Thursday, November 12, 2026
Merlin Expands Flight Operations with Move to North Central State Airport
BOSTON, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (NASDAQ: MRLN), an aerospace and defense technology company building the operating system of record for autonomous flight, today announced that i...
Merlin price target lowered to $4 from $8 at TD Cowen
TD Cowen lowered the firm’s price target on Merlin (MRLN) to $4 from $8 and keeps a Buy rating on the shares. The firm adjusted targets in the aerospace and…
Merlin, Inc. To Participate in Upcoming Investor Conferences
BOSTON, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (Nasdaq: MRLN), an aerospace and defense technology company building the operating system of record for autonomous flight, today announced its ma...
Merlin initiated with a Buy at Canaccord
Canaccord initiated coverage of Merlin (MRLN) with a Buy rating and $7.50 price target Merlin is a developer of autonomous flight technology for traditionally piloted aircraft, the analyst tells inves...
Merlin initiated with a Buy at Maxim
Maxim analyst Matthew Galinko initiated coverage of Merlin (MRLN) with a Buy rating and $7 price target
Merlin management to meet virtually with Northland
Virtual Meeting to be held on September 24 at 9 am hosted by Northland.
Merlin Demonstrates Autonomous Flight Capabilities at Texas Department of Transportation Project NEXUS eIPP Kickoff Event
Merlin showcased how autonomy can support safer, more efficient aviation operations Merlin showcased how autonomy can support safer, more efficient aviation operations
Merlin to pursue civil certification strategy for large aircraft
Merlin (MRLN) announced plans to pursue a civil certification strategy that sets it on a path to bring autonomy to large aircraft. Merlin intends to implement a phased approach offering…
Merlin Announces Plans to Pursue a Civil Certification Strategy for Large Aircraft
BOSTON, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (NASDAQ: MRLN), a U.S. aerospace and defense technology company building the operating system of record for autonomous flight, today announced p...
Merlin receives New Zealand Part 146 Aircraft Design Organization certificate
Merlin (MRLN) announced it has received a Part 146 Aircraft Design Organization certificate from the Civil Aviation Authority of New Zealand, or CAANZ. Merlin’s own engineers holding delegation author...
Merlin Designated a New Zealand Part 146 Aircraft Design Organization, Advancing Its Path to Commercial Operations
BOSTON, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (NASDAQ: MRLN), an aerospace and defense technology company building the operating system of record for autonomous flight, today announced it has...
Merlin reports Q2 EPS ($1.40), consensus (24c)
Reports Q2 revenue $2.19M, consensus $3.77M. “Each of these milestones tackles an independent challenge across commercial, technology, and certification, and that diversity is what makes them so impor...