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MRLN

Merlin, Inc.

Industrials · USD

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Price alert · MRLN

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0.94 USD -0.11 -10.31%
As of Oct 30, 2026 Extended hours 0.96 +2.00%
Bid
0.94 × 2
Ask
0.94 × 2
0.8901 Day range 1.03
0.83 52-week range 16.09
YTD
-91.22%
1 year
-91.36%
Open
1.00
Prev close
1.05
Mkt cap
95.18M
Vol
1.43M
Avg vol
2.49M
EPS
-5.85
P/E
0.00
Div yield
0.00%
More statistics
Low
0.8901
High
1.03
Forward P/E
-32.57
Beta
0.00
Short ratio
0.70
Inst. own
45.82%
Dividend
0.00
Ex-div date
50-d avg
10.29
200-d avg
10.55
1y target
25.00

5D chart

Chart tools
Interval
MRLN five-day price chart0.830.900.981.061.14Oct 26Oct 27Oct 29Oct 30

Key statistics

Market cap
963.81M
Enterprise value
528.17M
Trailing P/E
0.00
Forward P/E
-32.57
PEG ratio
0.00
Price / sales
127.64
Price / book
0.00
EPS (TTM)
-5.02
Beta
0.00
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
0.00%
Revenue (TTM)
7.55M
Revenue growth
91.60%
Free cash flow
-36.62M
Total cash
59.67M
Total debt
62.15M
Return on equity
0.00%
Shares outstanding
84.54M
Short % of float
0.00%
50-day average
10.29
200-day average
10.55

Analyst view

Consensus: strong buy

Strong buy
Price target (mean) 25.00
Ratings (0m) 1 1 buy · 0 hold · 0 sell
  • Strong buy0
  • Buy1
  • Hold0
  • Sell0
  • Strong sell0

Next earnings

Consensus EPS estimate -0.10.

Earnings history

Financials — quick view

All financials
MRLN Revenue — quarterly 2.19M
2020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
MRLN Net income — quarterly -58.43M
2020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
MRLN EPS — quarterly -1.40
2020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Upgrades / downgrades

MRLN analyst upgrades and downgrades
DateFirmActionFromTo
Apr 16, 2026Roth CapitalmainBuyBuy
Apr 14, 2026Roth Capitalinit—Buy

About Merlin, Inc.

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. 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.

Sector
Industrials
Industry
Aerospace & Defense
Country
United States

News

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Insider holders

MRLN insider holders
InsiderRelationLatest transactionDateShares held
GEORGE MATTHEW SPENCERChief Executive OfficerStock Award(Grant)Mar 15, 202614,890,600
GOLDMAN SACHS GROUP, INC.Beneficial Owner of more than 10% of a Class of SecurityPurchaseDec 8, 20250

Institution ownership

MRLN institution ownership
Holder% heldSharesValueReported
Highbridge Capital Management, LLC.2.38%2,011,89722.94MDec 30, 2025
Shaw D.E. & Co., Inc.1.46%1,237,50014.11MDec 30, 2025
Governors Lane LP1.18%1,000,70011.41MDec 30, 2025
Harraden Circle Investments, LLC1.13%955,64610.89MDec 30, 2025
AQR Arbitrage LLC1.09%920,62110.50MDec 30, 2025
Decagon Asset Management LLP0.97%816,4109.31MDec 30, 2025

Fund ownership

MRLN fund ownership
Holder% heldSharesValueReported
INVESTMENT MANAGERS SERIES TRUST II-First Trust Merger Arbitrage Fund0.58%492,4515.61MDec 30, 2025
RIVERNORTH OPPORTUNITIES FUND INC.-Rivernorth Opportunities Fund Inc0.12%100,0001.14MDec 30, 2025
INVESTMENT MANAGERS SERIES TRUST II-First Trust Multi-Strategy Fund0.09%75,581861.62KDec 30, 2025
Merger Fund-The Merger Fund0.08%69,125788.02KDec 30, 2025
First Trust Alternative Opportunities Fund0.02%20,000228.00KDec 30, 2025
Fidelity Concord Street Trust-Fidelity Nasdaq Composite Index Fund0.02%14,223162.14KFeb 27, 2026
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