MRLN revenueQ2 2026$2.19M
- Quarter YoY
- -29.4%
- QoQ
- +119.0%
MRLN revenue was $2.19M in fiscal Q2 2026 (ended Jun 30, 2026), down 29.4% from a year earlier and up 119.0% from the prior quarter.
Merlin Inc. (MRLN) financials
For the twelve months ended Jun 30, 2026, Merlin Inc. reported -$147.56M of net income.
- Net income, TTM
- -$147.56M
- Cash
- $183.55M
- Total debt
- $0
- Market cap
- $88.3M
MRLN revenue and earnings growth
MRLN net incomeQ2 2026-$58.43M
MRLN net income was -$58.43M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$16.30M a year earlier. For the full fiscal 2025 it was $6.01M.
MRLN EPSQ2 2026-$1.40
MRLN diluted EPS was -$1.40 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.23 a year earlier.
MRLN free cash flowQ2 2026-$28.91M
MRLN free cash flow was -$28.91M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$12.16M a year earlier.
Income statement
| Line item | Dec 31, 2025 |
|---|---|
| Selling, general and admin | $3.86M |
| Operating income | -$3.86M |
| Net income | $6.01M |
Balance sheet
| Line item | Dec 31, 2025 |
|---|---|
| Cash and equivalents | $59.34M |
| Short-term investments | $330.0K |
| Receivables | $368.0K |
| Current assets | $70.93M |
| Total assets | $80.58M |
| Current liabilities | $64.30M |
| Short-term debt | $19.27M |
| Long-term debt | $12.78M |
| Total debt | $32.05M |
| Total liabilities | $154.18M |
| Shareholders' equity | -$73.60M |
Cash flow
| Line item | Dec 31, 2025 |
|---|---|
| Operating cash flow | -$1.33M |
| Financing cash flow | -$75.0K |
| Stock-based compensation | $670.0K |
Key ratios
| Line item | Dec 31, 2025 |
|---|---|
| Return on assets | 7.5% |
| Current ratio | 1.10 |
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.19M | $1.00M | - | - | $3.11M | $868.0K |
| Cost of revenue | $2.09M | $1.64M | - | - | $3.07M | $714.0K |
| Gross profit | -$119.0K | $1.81M | - | - | $41.0K | $154.0K |
| Research and development | $16.39M | $14.09M | - | - | $6.86M | $6.68M |
| Selling, general and admin | $15.58M | $14.09M | $644.3K | $2.62M | $3.80M | $4.52M |
| Operating income | -$33.54M | -$27.01M | -$644.3K | -$2.62M | -$11.01M | -$11.40M |
| Interest expense | $0 | $9.0K | - | - | $1.34M | $1.61M |
| Pre-tax income | -$58.30M | -$90.37M | - | - | -$16.30M | -$12.73M |
| Income tax | $125.0K | $48.0K | - | - | $1.0K | $1.0K |
| Net income | -$58.43M | -$90.42M | $1.20M | $83.7K | -$16.30M | -$12.73M |
| EPS, basic | -$1.40 | -$1.27 | - | - | -$0.23 | -$0.18 |
| EPS, diluted | -$1.40 | -$1.27 | - | - | -$0.23 | -$0.18 |
| Diluted shares | 91.3M | 72.4M | - | - | 71.0M | 70.9M |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $183.55M | $125.35M | $59.34M | $1.05M | $6.19M | $22.49M |
| Short-term investments | $321.0K | $325.0K | $330.0K | - | - | - |
| Receivables | $1.75M | $1.34M | $368.0K | - | - | - |
| Current assets | $191.02M | $130.01M | $70.93M | $1.33M | $1.98M | $2.13M |
| Total assets | $206.98M | $145.38M | $80.58M | $261.07M | $259.09M | $256.63M |
| Current liabilities | $13.02M | $14.91M | $64.30M | $3.12M | $1.22M | $1.07M |
| Short-term debt | $0 | - | $19.27M | - | - | - |
| Long-term debt | $0 | - | $12.78M | - | - | - |
| Total debt | $0 | - | $32.05M | - | - | - |
| Total liabilities | $144.41M | $104.16M | $154.18M | $11.87M | $9.97M | $9.82M |
| Shareholders' equity | -$99.93M | -$139.11M | -$73.60M | -$10.53M | -$28.97M | -$13.12M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$27.25M | -$23.64M | -$270.8K | $24.16M | -$12.14M | -$13.08M |
| Capital expenditures | $1.66M | $2.16M | - | - | $17.0K | $94.0K |
| Free cash flow | -$28.91M | -$25.80M | - | - | -$12.16M | -$13.18M |
| Investing cash flow | -$1.66M | -$2.16M | - | - | -$17.0K | -$79.0K |
| Financing cash flow | $89.69M | $91.81M | - | - | -$4.15M | -$1.55M |
| Share repurchases | - | $8.53M | - | - | - | - |
| Stock-based compensation | $4.61M | $1.29M | - | - | $433.0K | $513.0K |
| Depreciation and amortization | - | $417.0K | - | - | - | $381.0K |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue growth, YoY | -29.4% | 15.4% | - | - | - | - |
| Gross margin | -5.4% | 180.9% | - | - | 1.3% | 17.7% |
| Operating margin | -1528.6% | -2695.8% | - | - | -354.3% | -1313.8% |
| Net margin | -2663.0% | -9023.9% | - | - | -524.5% | -1466.9% |
| Free cash flow margin | -1317.8% | -2575.1% | - | - | -391.2% | -1517.9% |
| Current ratio | 14.67 | 8.72 | 1.10 | 0.43 | 1.62 | 1.99 |
Source: XBRL data Merlin Inc. files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
MRLN peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MRLN | - | - | -$147.56M | - | $88.3M |
| ADP | $22.26B | +6.5% | $4.53B | 20.3% | $119.75B |
| INFY | $20.16B | +4.6% | $3.31B | 16.4% | $50.70B |
| WDAY | $10.15B | +13.3% | $1.25B | 12.3% | $46.49B |
| ZS | $3.35B | +25.4% | -$63.18M | -1.9% | $32.23B |
| CTSH | $21.89B | +5.0% | $2.57B | 11.8% | $28.93B |
| VRSN | $1.73B | +6.5% | $849.80M | 49.1% | $27.69B |
| VRSK | $3.18B | +4.9% | $879.20M | 27.7% | $26.63B |
| IOT | $1.85B | +29.5% | $90.55M | 4.9% | $24.00B |
MRLN FAQ
4 questionsIs MRLN profitable?
No. Merlin Inc. reported a net loss of $147.56M for the twelve months ended Jun 30, 2026.How much cash and debt does MRLN have?
Merlin Inc. reported $183.55M in cash and cash equivalents and $0 of debt on its most recent balance sheet in SEC filings.When did MRLN last report financial results?
The latest statements here come from Merlin Inc.'s 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.Where does this MRLN financial data come from?
Quantisnow builds these statements from the structured XBRL data Merlin Inc. files with the SEC. It is provided for information only and is not investment advice.