Company Overview
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.
Recent Developments
- Trailing 12 Months Year-on-year growth — revenue -29.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | - |
| 1 Year: | -29.40% |
Stock Price Performance
| 1 Year: | -67.09% |
| 6 Months: | -67.65% |
| 3 Months: | -57.03% |
| 1 Month: | -23.65% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)45.98 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
No notable strengths flagged.
CONS
- Trading 78.9% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MRLN Merlin, Inc. DEFENCE | 3.39 | -0.58 | $342.62M | 0.00% | -1.48% | -53.81% | - | - |
| 2 | SPCX Space Exploration Technologies Corp. R3KAIDEFENCE | 153.47 | -139.52 | $1.16T | 0.00% | -3.22% | -11.95% | 34.08% | -3.34% |
| 3 | CAT Caterpillar Inc. SPXR3K | 822.48 | 35.47 | $378.07B | 0.79% | 17.98% | 56.97% | 2.29% | 5.24% |
| 4 | GE GE Aerospace SPXR3KDEFENCE | 334.91 | 39.40 | $347.49B | 0.60% | 9.52% | 48.23% | -7.42% | -5.36% |
| 5 | RTX RTX Corporation SPXR3KDEFENCE | 198.81 | 35.06 | $267.95B | 1.51% | 8.28% | 12.27% | 2.61% | 2.62% |
| 6 | GEV GE Vernova Inc. SPXR3KAI | 971.31 | 27.86 | $258.69B | 0.22% | 6.30% | 82.58% | 8.68% | - |
| 7 | DE Deere & Company SPXR3K | 680.73 | 37.88 | $183.54B | 0.95% | 12.53% | 18.24% | 3.43% | 5.10% |
| 8 | UNP Union Pacific Corporation SPXR3K | 288.45 | 23.38 | $171.36B | 2.01% | 15.22% | 39.70% | 2.30% | 7.77% |
| 9 | BA The Boeing Company SPXR3KDEFENCE | 210.73 | 75.80 | $166.43B | 0.00% | -9.01% | - | 1.67% | -3.28% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 868.00K | - | - | 1.00M |
| Gross Profit | - | 154.00K | - | - | 1.81M |
| Operating Income | -77.43K | -11.40M | -357.77K | -2.62M | -27.01M |
| Net Income | -77.43K | -12.73M | 2.31M | 83.69K | -90.42M |
| Diluted EPS | - | -0.18 | - | - | -1.27 |
| R&D Expense | - | 6.68M | - | - | 14.09M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2025 |
|---|---|
| Operating Income | -3.86M |
| Net Income | 6.01M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2024 | Dec 2025 |
|---|---|---|
| Total Assets | 254.22M | 263.15M |
| Total Equity | -7.37M | -11.17M |
| Cash & Equivalents | 2.11M | - |
| Total Liabilities | 9.83M | 12.08M |
| Current Liabilities | 1.08M | 3.33M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2025 |
|---|---|
| Operating Cash Flow | -1.33M |
| Financing Cash Flow | -75.00K |
Ratios (Annual)
Figures in %.
| Metric | Dec 2025 |
|---|---|
| Gross Margin % | - |
| Operating Margin % | - |
| Net Margin % | - |
| ROE % | -53.8% |
| ROCE % | -1.5% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Alyeska Investment Group, L.p. | 7.32% | 7.40M | $14.44M |
| 2 | BAILLIE GIFFORD & CO | 1.99% | 2.02M | $3.93M |
| 3 | UBS Group AG | 1.02% | 1.03M | $2.02M |
| 4 | Blackrock Inc. | 0.70% | 711.90K | $1.39M |
| 5 | Xtx Topco Ltd | 0.43% | 431.90K | $842.21K |
| 6 | Geode Capital Management, LLC | 0.42% | 426.79K | $832.24K |
| 7 | Vanguard Capital Management LLC | 0.39% | 391.81K | $764.03K |
| 8 | Susquehanna International Group, LLP | 0.35% | 358.64K | $699.36K |
| 9 | Jane Street Group, LLC | 0.28% | 280.78K | $547.52K |
| 10 | Charles Schwab Investment Management, Inc. | 0.22% | 224.41K | $437.61K |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MRLN
Merlin (MRLN) Among the Best All-Time Low Stocks, Should You Buy it? - finance.yahoo.com
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After market close, Merlin plans a Q2 performance review Aug. 13 - Stock Titan
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Merlin, Inc. Common Stock (NASDAQ:MRLN) Given Average Recommendation of "Moderate Buy" by Analysts - marketbeat.com
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MRLN — Frequently Asked Questions
What is the current share price of Merlin, Inc. (MRLN)?
As of 2026-09-19 21:16 PDT, Merlin, Inc. (MRLN) trades at $3.39 on NasdaqGM. Its 52-week range is $2.81 to $16.09.
What is the market capitalisation of MRLN?
Merlin, Inc. (MRLN) has a market capitalisation of $342.62M on NasdaqGM.
What is the P/E ratio of MRLN?
MRLN trades at a trailing price-to-earnings (P/E) ratio of -0.58. The industry average P/E is 26.00. Its price-to-book (P/B) ratio is -1.96.
What is the return on equity (ROE) of MRLN?
MRLN has a return on equity (ROE) of -53.81%. Its return on capital employed (ROCE) is -1.48%.
Is MRLN a good stock to buy?
This page provides a data-driven analysis of Merlin, Inc. (MRLN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.