MRLN

Merlin, Inc.
—

Company Information

Company Name
Merlin, Inc.
CIK
CIK0002028707
Category
Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company
Ticker: Exchange
MRLN: Nasdaq
Fiscal Year End
December 31
Owner Organization
06 Technology
SIC
7373
SIC Description
Services-Computer Integrated Systems Design
Ticker
MRLN

SEC filing data through

Insider Sentiment

Last purchase
2025-12-09
Last sale
2025-12-09
Shares purchased (TTM)
5
Shares sold (TTM)
3
Buy ratio (TTM)62.5%

Institutional Sentiment

As of
2026-06-30
Institutional shares owned
15,725,482
Shares outstanding
91,309,267
Ownership
17.22%
-14.66% Y/Y

Earnings Market Reaction

Filing date
2026-08-14
Price on filing date
—
1-month reaction
-10.79%
3-month reaction
…
Drift continued5/7 (71%)
Faded / reversed2/7 (29%)

Balance Sheet

Values in millions ($)
Line item2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30Subscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnTrend
Redeemable Convertible Preferred Stock-11--00--
Assets
Cash-1231--22-
Prepaid Expense Current--000000
Cash And Cash Equivalents At Carrying Value184125-12222-
Assets Current
Assets Current191130112220
Short Term Investments00------
Accounts Receivable Net Current21------
Prepaid Expense And Other Assets Current56------
Deferred Costs Current0-------
Deferred Costs-------0
Prepaid Expense Noncurrent---0000-
Assets Held In Trust Noncurrent--262260257254252-
Property Plant And Equipment Net1110------
Operating Lease Right Of Use Asset22------
Restricted Cash-3------
Restricted Cash And Cash Equivalents Noncurrent3-------
Deposits Assets Noncurrent00------
Assets2071452632612592572540
Liabilities
Accounts Payable Current67------
Accrued Liabilities Current66220-00
Contract With Customer Liability Current0-------
Liabilities Current
Liabilities Current131533111-
Provision For Loss On Contracts01------
Operating Lease Liability Current11------
Long Term Debt Current0-------
Short Term Borrowings0-------
Operating Lease Liability Noncurrent11------
Warrants And Rights Outstanding13088------
Long Term Debt Noncurrent0-------
Liabilities14410412121010100
Temporary Equity Carrying Amount Attributable To Parent-----254252-
Common Stock Value00------
Additional Paid In Capital Common Stock-502------
Stockholders Equity
Stockholders Equity-100-139-11-11-29-13-7-0
Additional Paid In Capital600------0
Retained Earnings Accumulated Deficit-700-641-11-11-8-8-7-0
Liabilities And Stockholders Equity2071452632612592572540
Common Class A--0025000
Related Party-------0
Common Class B--0008010
Temporary Equity Par Or Stated Value Per Share------0.00-
Temporary Equity Shares Authorized------500-
Temporary Equity Shares Issued------25-
Temporary Equity Shares Outstanding------25-
Temporary Equity Redemption Price Per Share------10.07-
Preferred Stock Par Or Stated Value Per Share--0.000.000.000.000.000.00
Preferred Stock Shares Authorized--555555
Series A Preferred Stock00------
Common Stock Par Or Stated Value Per Share0.000.00------
Common Stock Shares Authorized800800------
Common Stock Shares Issued10185------
Shares Outstanding10171------

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Merlin, Inc. (MRLN) — SEC Financial Statements & Analysis

Merlin, Inc. (MRLN) is a services-computer integrated systems design company, incorporated in E9. Merlin, Inc. trades on Nasdaq as: MRLN. Merlin, Inc. (MRLN)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-14. Based on that filing, On profitability, Merlin, Inc. posts an operating margin of -1313.96%, a net margin of -3605.31%, a Return on Equity (ROE) of 178.78%, and a Return on Assets (ROA) of -49.45%. Per share, it reports EPS of $-1.26, diluted EPS of $-1.26, free cash flow per share of $-0.34, and a dividend per share of $0.00. Over the trailing year, it posted revenue growth of -19.60% year-over-year, net income growth of 318.86% year-over-year, and EPS growth of 225.54% year-over-year. On the balance sheet, it maintains a current ratio of 14.67x, a quick ratio of 14.25x, working capital of $177.99M, a debt-to-equity ratio of -1.45x, a debt ratio of 0.7, an interest coverage ratio of -4666.02x, free cash flow of $-30.82M (TTM), and net debt of $-186.12M. Figures sourced from SEC EDGAR.

EPS TTM
$-1.26
ROE TTM
178.78%
ROA TTM
-49.45%
Debt To Equity
-1.45x
Free Cash Flow TTM
$-30.82M
Net Revenue TTM Growth 1Y
-19.60%

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Merlin, Inc. in?

Merlin, Inc. (MRLN) operates in the Services-Computer Integrated Systems Design industry.

What exchange does MRLN trade on?

Merlin, Inc. (MRLN) trades on the Nasdaq.

Where is Merlin, Inc. incorporated?

Merlin, Inc. is incorporated in Cayman Islands.

When was Merlin, Inc. (MRLN)'s most recent SEC filing?

Merlin, Inc. (MRLN)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-14.

What is MRLN's EPS (earnings per share)?

Merlin, Inc. (MRLN)'s trailing twelve month EPS is $-1.26 as of 2026-06-30.

What is MRLN's ROE (return on equity)?

Merlin, Inc. (MRLN)'s trailing twelve month Return on Equity (ROE) is 178.78% as of 2026-06-30.

What is MRLN's ROA (return on assets)?

Merlin, Inc. (MRLN)'s trailing twelve month Return on Assets (ROA) is -49.45% as of 2026-06-30.

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