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Merlin, Inc. (MRLN)

0.9930 +0.1232 (+14.16%)
At close: 4:00:01 PM EST
0.9802 -0.0128 (-1.29%)
After hours: 5:36:07 PM EST
Chart Range Bar
Loading chart for MRLN
  • Previous Close 0.8698
  • Open 0.8996
  • Bid 3.0600 x 200
  • Ask 5.2600 x 200
  • Day's Range 0.8899 - 1.0500
  • 52 Week Range 0.7410 - 17.0000
  • Volume 1,836,220
  • Avg. Volume 2,496,904
  • Market Cap (intraday) 100.36M
  • Beta (5Y Monthly) --
  • PE Ratio (TTM) --
  • EPS (TTM) -5.8500
  • Earnings Date Nov 12, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 7.92
  • Zacks Rating Neutral

Merlin, Inc., an aerospace and defense technology company, 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. Its main product, the Merlin Pilot, is an integrated hardware and software solution that manages navigation, communication with air traffic control, obstacle avoidance, and real-time decision-making using sensor technologies and natural language processing. The company supports both military and civil aviation programs, offering solutions for missions such as cargo transport and national security operations. It collaborates with partners and regulatory bodies to conduct flight trials and support the certification of autonomous flight systems. The company serves defense organizations, commercial aviation clients, government agencies, regulators, and air cargo operators. The company was founded in 2018 and is based in Boston, Massachusetts.

www.merlinlabs.com

--

Full Time Employees

December 31

Fiscal Year Ends

Industrials

Sector

Recent News

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Performance Overview

Trailing total returns as of 11/9/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

MRLN
90.74%
S&P 500 (^GSPC)
10.29%

1-Year Return

MRLN
90.78%
S&P 500 (^GSPC)
12.20%

3-Year Return

MRLN
89.94%
S&P 500 (^GSPC)
73.67%

5-Year Return

MRLN
89.94%
S&P 500 (^GSPC)
61.14%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 2.19M
Earnings -127.5M
Profit Margin -5,811.26%

Q1

FY26

Q2

FY26

-100M
-50M
0
-4000.0%
-2000.0%
0.0%

Analyst Insights

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Analyst Price Targets

4.00
7.92 Average
0.9930 Current
10.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/9/2026
Analyst TD Cowen
Rating Action Maintains
Rating Buy
Price Action Lowers
Price Target 8 -> 4

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    0.00%

  • Return on Assets (ttm)

    --

  • Return on Equity (ttm)

    --

  • Revenue (ttm)

    6.77M

  • Net Income Avi to Common (ttm)

    -610.8M

  • Diluted EPS (ttm)

    -5.8500

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    183.87M

  • Total Debt/Equity (mrq)

    3.50%

  • Levered Free Cash Flow (ttm)

    --

Company Insights

Research Reports

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