Price History

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

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MRLN Key Statistics

As of Sep 4, 2026

Trading

Open: $3.28
Previous Close: $3.36
Day's Range: 3.20–3.39
52-Week Range: 2.71–17.00
Volume: 847.60K

Valuation

Market Cap: $338.58M
P/E Ratio: unprofitable
P/S ratio: 50.00
EPS (ttm): −5.85

Financials (FY)

Revenue (FY): $1.23M+22.53%
Net Income (FY): −$55.25M
Profit margin: 0.00%
Shares Outstanding: 101.07M
1-Year Return: −67.70%

Dividend and dates

Earnings Date: November 12, 2026estimated
Avg Volume: 2.33M

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

MRLN Stock Return by Calendar Year

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

+0.10%+8.72%−68.75%

2024*20252026*

Year	Return
2026 (partial year)	−68.75%
2025	+8.72%
2024 (partial year)	+0.10%

As of September 4, 2026.

MRLN Revenue and Earnings by Fiscal Year

FY ends December

Fiscal year	Revenue	Net income	Net margin
2024	$1.23M	−$55.25M	−4495.8%
2023	$1.00M	−$36.46M	−3635.4%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2024	$1.23M	−$7.27M	−$54.03M	−$55.25M	−4495.8%
2023	$1.00M	$268.00K	−$38.44M	−$36.46M	−3635.4%

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

MRLN Valuation vs Aerospace & Defense Median

Median of 97 stocks

Metric	MRLN	Aerospace & Defense median	vs median
P/S ratio	50.00	3.99	12.5x the median
Profit margin	0.00%	2.24%	2.2 pts below

Medians across 97 Aerospace & Defense stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

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

Analysis

Data-derived

Company Overview

Merlin, Inc. (MRLN) carries a market capitalisation of $338.58M. It is classified in the Aerospace & Defense industry, within the Industrials sector.

The 52-week range on file runs from $2.71 to $17.00. MRLN last closed at $3.35 on September 4, 2026. That is −$0.01 (−0.30%) against the previous close. The latest close sits 23.84% 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. The reported profit margin is 0%. That is 2.2 percentage points below the Aerospace & Defense median of 2.24%. 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 50 times revenue. On price-to-sales that is 12.5 times the Aerospace & Defense median of 3.99. The medians here are taken across 97 Aerospace & Defense companies that report the metric.

Annualized volatility over the trailing 1 year is 110.72%. The trailing one-year price return is −67.70%. The stored price history starts on December 2, 2024, and the total return since then is −65.99%.

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 price is −68.75% 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	$338.58M	—
Space Exploration Technologies Corp.	SPCX	$1.95T	—
GE Aerospace	GE	$349.78B	39.8
RTX Corporation	RTX	$270.62B	35.4

The Aerospace & Defense industry average P/E ratio is 35.4x. 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 nightly rebuild. Informational only, not financial advice. As of September 4, 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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Merlin, Inc. (MRLN) Stock Analysis