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 Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	183.55	59.34	37.2	50.49
Short-Term Investments	0.32	0.33	0.38	0.55
Cash & Short-Term Investments	183.87	59.67	37.57	51.03
Cash Growth	-	58.82%	-26.38%	-
Receivables	1.76	0.37	0.54	0.02
Prepaid Expenses	5.39	3.33	1.04	1.6
Other Current Assets	-	7.56	-	-
Total Current Assets	191.02	70.93	39.15	52.65
Property, Plant & Equipment	13.28	8.09	9.94	9.63
Other Long-Term Assets	2.68	1.56	0.11	0.13
Total Assets	206.98	80.58	49.19	62.42

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Accounts Payable	5.88	3.15	1.29	1.4
Accrued Expenses	6	7.94	2.68	1.84
Short-Term Debt	-	29.11	-	-
Current Portion of Long-Term Debt	-	19.27	14.22	1
Current Portion of Leases	0.94	0.66	0.71	0.53
Current Unearned Revenue	0.04	-	0.11	-
Other Current Liabilities	0.16	4.17	5.17	-
Total Current Liabilities	13.02	64.3	24.19	4.77
Long-Term Debt	-	12.78	21.67	1.28
Long-Term Leases	1.25	0.33	0.65	1
Other Long-Term Liabilities	130.14	76.77	3.59	2.83
Total Liabilities	144.41	154.18	50.1	9.87

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Common Stock	0.01	0	0	0
Additional Paid-In Capital	599.96	15.49	4.01	2.2
Retained Earnings	-699.9	-551.05	-135.53	-80.28
Total Common Equity	-99.93	-535.56	-131.52	-78.07
Shareholders' Equity	62.57	-73.6	-0.91	52.54
Total Liabilities & Equity	206.98	80.58	49.19	62.42

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Total Debt	2.19	62.15	37.26	3.81
Net Cash (Debt)	181.68	-2.48	0.31	47.22
Net Cash Growth	-	-	-99.34%	-
Net Cash Per Share	16.99	-0.48	0.06	10.55
Filing Date Shares Outstanding	101.07	5.31	5.17	4.48
Total Common Shares Outstanding	100.59	5.31	5.17	4.48
Working Capital	177.99	6.63	14.96	47.89
Book Value Per Share	-0.99	-100.93	-25.44	-17.44
Tangible Book Value	-99.93	-535.56	-131.52	-78.07
Tangible Book Value Per Share	-0.99	-100.93	-25.44	-17.44
Machinery	16.68	11.86	11.79	9.91
Leasehold Improvements	0.88	0.43	0.39	0.37