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NASDAQ · Aerospace & Defense · USD

Merlin, Inc. (MRLN) Stock Analysis

Merlin, Inc. (MRLN) is a Aerospace & Defense stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

MRLN

$0.98

−$0.07 (−6.67%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MRLN Key Statistics

As of Oct 21, 2026
Trading
Open
$1.07
Previous Close
$1.05
Day's Range
0.98–1.09
52-Week Range
0.98–17.00
Volume
3.16M
Valuation
Market Cap
$99.05M
P/E Ratio
unprofitable
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
14.63
EPS (ttm)Profit attributable to each share over the last twelve months.
−5.85
Financials (FY)
Revenue (FY)
$1.23M+22.53%
Net Income (FY)
−$55.25M
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
101.07M
1-Year Return
−91.03%
Dividend and dates
Earnings Date
November 12, 2026estimated
Avg Volume
2.40M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MRLN closed at $0.98, −91.03% over 1 year.

Merlin, Inc. (MRLN) has a market capitalization of $99.05M.

In fiscal 2024, MRLN reported revenue of $1.23M.

MRLN Stock Return by Calendar Year

Merlin, Inc. (MRLN) return since Dec 2024: what $10,000 became

1 year
$10,000 $897
−91.03%
Since Dec 2024
$10,000 $995
−90.05%

If you had invested $10,000 in Merlin, Inc. (MRLN) at the close on December 2, 2024, the earliest close on record here, it would have been worth $995 at the close on October 21, 2026: −90.05% in total, −70.63% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−90.86%
2025+8.72%
2024 (partial year)+0.10%

As of October 21, 2026.

MRLN Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2024$1.23M−$55.25M−4,495.8%
2023$1.00M−$36.46M−3,635.4%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2024$1.23M−$7.27M−$54.03M−$55.25M−4,495.8%
2023$1.00M$268.00K−$38.44M−$36.46M−3,635.4%

Annual figures as reported, in the company's reporting currency. As of December 31, 2024.

MRLN Valuation vs Aerospace & Defense Median

Median of 98 stocks
MetricMRLNAerospace & Defense medianvs median
P/S ratio14.633.813.8x the median

Medians across 98 Aerospace & Defense stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 13 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Merlin, Inc. (MRLN) carries a market capitalisation of $99.05M. It is classified in the Aerospace & Defense industry, within the Industrials sector.

The 52-week range on file runs from $0.98 to $17.00. MRLN last closed at $0.98 on October 21, 2026. That is −$0.07 (−6.67%) against the previous close. The latest close sits 0.1% above that 52-week low.

Financial Health

In fiscal 2024, Merlin, Inc. reported revenue of $1.23M. That is +22.53% against the prior fiscal year, when revenue was $1.00M. The same year closed with a net loss of $55.25M. Trailing earnings per share are −5.85.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. Measured against sales, the shares trade at 14.63 times revenue. On price-to-sales that is 3.8 times the Aerospace & Defense median of 3.81. The medians here are taken across 98 Aerospace & Defense companies that report the metric.

Annualized volatility over the trailing 1 year is 118.86%. The trailing one-year total return is −91.03%. The stored price history starts on December 2, 2024, and the total return since then is −90.05%.

Growth & Income

The record shows no dividend for MRLN.

The record holds one complete calendar year, 2025, which returned +8.72%. 2026 is still running; the total return is −90.86% year to date.

Peer Comparison

Merlin, Inc. (MRLN) operates in the Aerospace & Defense industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Merlin, Inc. MRLN $99.05M —
Space Exploration Technologies Corp. SPCX $2.10T —
GE Aerospace GE $306.99B 34.9
RTX Corporation RTX $258.23B 33.7

The Aerospace & Defense industry average P/E ratio is 33.9x. Merlin, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Merlin, Inc.

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.

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