Merlin Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Revenue	1	-	-
Cost of Revenue	-0.81	-	-
Gross Profit	1.81	-	-
Selling, General & Admin	0.64	3.86	0.25
Research & Development	14.09	-	-
Total Operating Expenses	14.73	3.86	0.25
Operating Income	-12.92	-3.86	-0.25
Interest Income	0.52	10.54	1.77
Interest Expense	-0.01	-	-
Other Non-Operating Income (Expense)	-63.87	-0.67	-
Total Non-Operating Income (Expense)	-63.36	9.87	1.77
Pretax Income	-90.37	6.01	1.52
Provision for Income Taxes	0.05	-	-
Net Income	-90.42	6.01	1.52
Net Income Attributable to Preferred Dividends	1.42	-	-
Net Income to Common	-91.84	6.01	1.52
Net Income Growth	-	295.37%	-
Shares Outstanding (Basic)	37	25	8
Shares Outstanding (Diluted)	37	25	8
Shares Change (YoY)	-	239.00%	-
EPS (Basic)	-1.16	0.18	0.10
EPS (Diluted)	-1.16	0.18	0.10
EPS Growth	-	80.00%	-
Free Cash Flow	-	-1.33	-0.47
Free Cash Flow Per Share	-	-0.05	-0.06
Gross Margin	180.94%	-	-
Operating Margin	-1289.42%	-	-
Profit Margin	-9023.85%	-	-
EBITDA	-12.92	-3.86	-0.25
EBIT	-12.92	-3.86	-0.25
EBIT Margin	-1289.42%	-	-
Effective Tax Rate	-0.05%	0.00%	0.00%