Merlin, Inc.
MRLNNasdaq
$3.59
↓ -1.4%Jul 17 close · end-of-day
Price
1Y↓ -60.2%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$260.0M
Enterprise Value
$259.7M
P/E
—
P/S
—
P/B
—
EV/EBITDA
—
PEG
—
FCF Yield
—
Dividend Yield
—
Revenue (TTM)
—
Net Income (TTM)
-$71.7M
Free Cash Flow (TTM)
—
Gross Margin
—
Operating Margin
—
Net Margin
—
ROE
51.5%
ROIC
—
Debt / Equity
—
Net Cash
$325,000.00
Return 1Y
—
Company profile
Merlin, Inc. develops AI-powered autonomous flight software and systems for aircraft in the United States and New Zealand. The company provides an aircraft-agnostic, AI-powered software platform that enables autonomous flight for both legacy and next-generation airborne systems. The company was founded in 2018 and is based in Boston, Massachusetts.
- CEO
- Matthew George
- Sector
- Finance, Insurance, And Real Estate
- Industry
- Trading
- Headquarters
- New York
- Website
- merlinlabs.com
Management & directors
- Brunner Mark RawlinsChief Revenue Officer
- Carrithers Ryan MichaelCFO & Treasurer
- George Matthew SpencerChief Executive Officer
- Ravestein Leslie ReneeCLO and Secretary
Roles derived from SEC Form 4 filings.
Earnings
MRLN Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$1.0M↑ +15.4%
Diluted EPS-$1.27↑ +605.6%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2025 |
|---|---|
| Revenue | — |
| Gross profit | — |
| Operating income | -$3.9M |
| Net income | $6.0M |
| Diluted EPS | — |
| Operating cash flow | -$1.3M |
| Free cash flow | — |
| Gross margin | — |
| Operating margin | — |
| Net margin | — |
| Line item | Q3 '24 | Q '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | $868,000.00 | — | — | — | $1.0M |
| Gross profit | — | — | $154,000.00 | — | — | — | $1.8M |
| Operating income | -$77,427.00 | -$173,717.00 | -$11.4M | -$357,772.00 | -$2.6M | $10.5M | -$27.0M |
| Net income | -$77,427.00 | $1.6M | -$12.7M | $2.3M | $83,694.00 | $16.3M | -$90.4M |
| Diluted EPS | — | — | -$0.18 | — | — | — | -$1.27 |
| Operating cash flow | — | — | -$13.1M | $12.7M | -$703,837.00 | -$270,807.00 | -$23.6M |
| Free cash flow | — | — | -$13.2M | — | — | — | -$25.8M |
| Gross margin | — | — | 17.7% | — | — | — | 180.9% |
| Operating margin | — | — | -1313.8% | — | — | — | -2695.8% |
| Net margin | — | — | -1466.9% | — | — | — | -9023.9% |
Company news
Jul 13, 2026
Jun 18, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-05-20 | Braithwaite Kenneth John | Award | 37,500 | — | — | filing |
| 2026-05-20 | Smith Robert Hanson | Award | 37,500 | — | — | filing |
| 2026-05-20 | Carrithers Ryan Michael· CFO & Treasurer | Award | 256,416 | — | — | filing |
| 2026-05-20 | BRANNON KELYN | Award | 37,500 | — | — | filing |
| 2026-05-20 | BLITZER MICHAEL | Award | 37,500 | — | — | filing |
| 2026-05-20 | Montelongo Michael | Award | 37,500 | — | — | filing |
| 2026-05-20 | Brunner Mark Rawlins· Chief Revenue Officer | Award | 225,904 | — | — | filing |
| 2026-05-20 | Trabuco Carolyn | Award | 37,500 | — | — | filing |
| 2026-05-20 | Ravestein Leslie Renee· CLO and Secretary | Award | 199,036 | — | — | filing |
| 2026-05-20 | George Matthew Spencer· Chief Executive Officer | Award | 531,807 | — | — | filing |
| 2026-03-16 | Bleichroeder Sponsor 1 LLC | Option exercise | 42,500 | — | — | filing |
| 2026-03-16 | George Matthew Spencer· Chief Executive Officer | Award | 14,890,622 | — | — | filing |
| 2026-03-13 | Bleichroeder Sponsor 1 LLC | Option exercise | 8,333,333 | — | — | filing |
| 2025-12-09 | GOLDMAN SACHS GROUP INC | Buy | 3 | $10.95 | $32.85 | filing |
| 2025-12-09 | GOLDMAN SACHS GROUP INC | Sale | 3 | $10.95 | $32.85 | filing |
| 2025-12-09 | GOLDMAN SACHS GROUP INC | Buy | 2 | $10.98 | $21.96 | filing |
| 2025-12-08 | GOLDMAN SACHS GROUP INC | Sale | 250 | $11.00 | $2,750.00 | filing |
| 2025-12-08 | GOLDMAN SACHS GROUP INC | Buy | 250 | $11.00 | $2,750.00 | filing |
| 2025-12-08 | GOLDMAN SACHS GROUP INC | Sale | 63 | $11.00 | $693.00 | filing |
| 2025-12-08 | GOLDMAN SACHS GROUP INC | Buy | 63 | $10.98 | $691.74 | filing |
| 2025-12-08 | GOLDMAN SACHS GROUP INC | Buy | 63 | $10.98 | $691.74 | filing |
| 2025-12-08 | GOLDMAN SACHS GROUP INC | Sale | 63 | $10.98 | $691.74 | filing |
| 2025-12-08 | GOLDMAN SACHS GROUP INC | Buy | 3 | $10.98 | $32.94 | filing |
| 2025-12-08 | GOLDMAN SACHS GROUP INC | Sale | 3 | $10.98 | $32.94 | filing |
| 2025-12-05 | GOLDMAN SACHS GROUP INC | Sale | 3,300 | $10.82 | $35,706.00 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.