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Merlin, Inc. (MRLN)
NASDAQ: MRLN · Real-Time Price · USD
1.130
+0.166 (17.17%)
At close: Nov 13, 2026, 4:00 PM EST
1.100
-0.030 (-2.65%)
After-hours: Nov 13, 2026, 7:59 PM EST

Merlin Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period EndingSep '26 Dec '25 Dec '24 Dec '23
Revenue
8.317.551.231
Revenue Growth
22.90%514.40%22.53%-
Gross Profit
0.11-1.63-7.270.27
Operating Income
-108.52-55.52-54.03-38.44
Net Income
-50.91-420.5-55.25-36.46
Earnings Per Share
-9.11-80.68-10.80-8.14
EPS Growth
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Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023
Period EndingSep '26 Dec '25 Dec '24 Dec '23
Cash & Investments
161.6359.6737.5751.03
Total Debt
2.4362.1537.263.81
Net Cash (Debt)
159.19-2.480.3147.22
Net Cash Growth
1250.70%--99.34%-
Net Cash Per Share
8.42-0.480.0610.55

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period EndingSep '26 Dec '25 Dec '24 Dec '23
Operating Cash Flow
-87.68-59.87-45.47-31.7
Capital Expenditures
-7.72-0.43-1.9-4.84
Free Cash Flow
-95.4-60.3-47.37-36.54
Free Cash Flow Growth
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Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period EndingSep '26 Dec '25 Dec '24 Dec '23
Gross Margin
1.37%-21.60%-26.72%
Operating Margin
-1306.04%-735.25%-4395.85%-3832.10%
Pretax Margin
-1131.48%-989.64%-4467.21%-3565.00%
Profit Margin
-612.72%-5568.73%-4495.77%-3635.39%
FCF Margin
-1148.14%-798.50%-3854.35%-3643.07%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023
Period EndingNov '26 Dec '25 Dec '24 Dec '23
PS Ratio
13.7447.93270.84-