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Merlin, Inc. (MRLN)
NASDAQ: MRLN · Real-Time Price · USD
3.140
-0.250 (-7.37%)
At close: Sep 9, 2026, 4:00 PM EDT
3.130
-0.010 (-0.32%)
After-hours: Sep 9, 2026, 7:30 PM EDT

Merlin Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023
Period EndingJun '26 Dec '25 Dec '24 Dec '23
Revenue
6.777.551.231
Revenue Growth
450.94%514.40%22.53%-
Gross Profit
-0.13-1.63-7.270.27
Operating Income
-93.65-55.52-54.03-38.44
Net Income
-610.8-420.5-55.25-36.46
Earnings Per Share
-57.13-80.68-10.80-8.14
EPS Growth
----

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023
Period EndingJun '26 Dec '25 Dec '24 Dec '23
Cash & Investments
183.8759.6737.5751.03
Total Debt
2.1962.1537.263.81
Net Cash (Debt)
181.68-2.480.3147.22
Net Cash Growth
57945.05%--99.34%-
Net Cash Per Share
16.99-0.480.0610.55

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023
Period EndingJun '26 Dec '25 Dec '24 Dec '23
Operating Cash Flow
-85.54-59.87-45.47-31.7
Capital Expenditures
-4.14-0.43-1.9-4.84
Free Cash Flow
-89.68-60.3-47.37-36.54
Free Cash Flow Growth
----

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023
Period EndingJun '26 Dec '25 Dec '24 Dec '23
Gross Margin
-1.93%-21.60%-26.72%
Operating Margin
-1383.16%-735.25%-4395.85%-3832.10%
Pretax Margin
-2870.67%-989.64%-4467.21%-3565.00%
Profit Margin
-9020.84%-5568.73%-4495.77%-3635.39%
FCF Margin
-1324.47%-798.50%-3854.35%-3643.07%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023
Period EndingSep '26 Dec '25 Dec '24 Dec '23
PS Ratio
46.8747.93270.84-