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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Revenue	3.2	-	-
Revenue Growth	-	-	-
Cost of Revenue	1.5	-	-
Gross Profit	1.69	-	-
Selling, General & Admin	26.55	3.86	0.25
Research & Development	30.48	-	-
Total Operating Expenses	57.03	3.86	0.25
Operating Income	-41.99	-3.86	-0.25
Interest Income	12.07	10.54	1.77
Interest Expense	-0.01	-	-
Other Non-Operating Income (Expense)	-86.66	-0.67	-
Total Non-Operating Income (Expense)	-71.64	9.87	1.77
Pretax Income	-113.64	6.01	1.52
Provision for Income Taxes	0.17	-	-
Net Income	-113.81	6.01	1.52
Net Income Attributable to Preferred Dividends	70.49	-	-
Net Income to Common	-304.11	6.01	1.52
Net Income Growth	-	295.37%	-
Shares Outstanding (Basic)	54	25	8
Shares Outstanding (Diluted)	54	25	8
Shares Change	-	239.00%	-
EPS (Basic)	-2.63	0.18	0.10
EPS (Diluted)	-2.63	0.18	0.10
EPS Growth	-	80.00%	-
Free Cash Flow	-30.82	-1.33	-0.47
Free Cash Flow Growth	-	-	-
Free Cash Flow Per Share	-0.57	-0.05	-0.06
Gross Margin	53.00%	-	-
Operating Margin	-1313.93%	-	-
Profit Margin	-3560.97%	-	-
FCF Margin	-964.48%	-	-
EBITDA	-40.31	-3.86	-0.25
EBITDA Margin	-1261.36%	-	-
EBIT	-41.99	-3.86	-0.25
EBIT Margin	-1313.93%	-	-
Effective Tax Rate	-0.15%	0.00%	0.00%