Is Merlin, Inc. (MRLN) a Buy, Sell, or Hold?
NASDAQ : MRLN
Merlin, Inc. — Financials
$3.47 USD
-$0.06 (-1.56%)
- Volume
- 947.03K
- Average Volume
- 2.56M
- Market Capitalization
- $334.94M
- P/E Ratio
- -2.98
- Dividend Yield
- 0.00%
- Price Target
- $10.00
- Year High
- $17.00
- Year Low
- $3.27
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $8.72
MRLN Financial Statements
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| revenue | - | 1.23M | 1M |
| costOfRevenue | - | 8.5M | 735K |
| grossProfit | - | -7.27M | 268K |
| researchAndDevelopmentExpenses | - | 27.15M | 24.67M |
| generalAndAdministrativeExpenses | - | 17.86M | 12.86M |
| sellingAndMarketingExpenses | - | 1.74M | 1.18M |
| sellingGeneralAndAdministrativeExpenses | 4.53M | 19.61M | 14.04M |
| otherExpenses | - | - | - |
| operatingExpenses | 4.53M | 46.75M | 38.7M |
| costAndExpenses | 4.53M | 55.25M | 39.44M |
| netInterestIncome | 10.54M | -415K | 2.95M |
| interestIncome | 10.54M | 2M | 3.25M |
| interestExpense | - | 2.42M | 304K |
| depreciationAndAmortization | - | 2.04M | 1.8M |
| ebitda | 6.01M | -50.44M | -33.66M |
| ebit | 6.01M | -52.48M | -35.45M |
| nonOperatingIncomeExcludingInterest | -10.54M | -1.54M | -2.98M |
| operatingIncome | -4.53M | -54.02M | -38.44M |
| totalOtherIncomeExpensesNet | 10.54M | -877K | 2.68M |
| incomeBeforeTax | 6.01M | -54.9M | -35.76M |
| incomeTaxExpense | - | 351K | 706K |
| netIncomeFromContinuingOperations | 6.01M | -55.25M | -36.46M |
| netIncomeFromDiscontinuedOperations | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - |
| netIncome | 6.01M | -55.25M | -36.46M |
| netIncomeDeductions | - | - | - |
| bottomLineNetIncome | 6.01M | -55.25M | -36.46M |
| eps | 0.18 | -1.64 | -1.08 |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| cashAndCashEquivalents | 703.6K | 37.2M | 50.48M |
| shortTermInvestments | - | 377K | 548K |
| cashAndShortTermInvestments | 703.6K | 37.57M | 51.03M |
| netReceivables | - | 536K | 21000 |
| accountsReceivables | - | 536K | 21000 |
| otherReceivables | - | - | - |
| inventory | - | - | - |
| prepaids | 210.01K | - | - |
| otherCurrentAssets | - | 1.04M | 1.6M |
| totalCurrentAssets | 913.61K | 39.15M | 52.65M |
| propertyPlantEquipmentNet | - | 9.94M | 9.63M |
| goodwill | - | - | - |
| intangibleAssets | - | - | - |
| goodwillAndIntangibleAssets | - | - | - |
| longTermInvestments | 262.24M | - | - |
| taxAssets | - | - | - |
| otherNonCurrentAssets | - | 109K | 134K |
| totalNonCurrentAssets | 262.24M | 10.05M | 9.76M |
| otherAssets | - | - | - |
| totalAssets | 263.15M | 49.19M | 62.42M |
| totalPayables | - | 1.29M | 1.4M |
| accountPayables | - | 1.29M | 1.4M |
| otherPayables | - | - | - |
| accruedExpenses | - | 2.68M | 1.84M |
| shortTermDebt | - | 14.22M | 1M |
| capitalLeaseObligationsCurrent | - | 709K | 532K |
| taxPayables | - | - | - |
| deferredRevenue | - | 112K | - |
| otherCurrentLiabilities | 3.33M | 5.17M | - |
| totalCurrentLiabilities | 3.33M | 24.19M | 4.77M |
| longTermDebt | - | 21.67M | 1.28M |
| capitalLeaseObligationsNonCurrent | - | 653K | 998K |
| deferredRevenueNonCurrent | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - |
| otherNonCurrentLiabilities | 8.75M | 134.2M | 133.44M |
| totalNonCurrentLiabilities | 8.75M | 156.53M | 135.72M |
| otherLiabilities | - | - | - |
| capitalLeaseObligations | - | 1.36M | 1.53M |
| totalLiabilities | 12.08M | 180.72M | 140.49M |
| treasuryStock | - | - | - |
| preferredStock | - | - | - |
| commonStock | 262.24M | 1000 | 1000 |
| retainedEarnings | -11.17M | -135.53M | -80.28M |
| additionalPaidInCapital | - | 4.01M | 2.2M |
| date | 2024-12-31 | 2023-12-31 |
|---|---|---|
| netIncome | -55.25M | -36.46M |
| depreciationAndAmortization | 2.04M | 1.8M |
| deferredIncomeTax | - | - |
| stockBasedCompensation | 1.74M | 1.81M |
| changeInWorkingCapital | -685K | 1.17M |
| accountsReceivables | -511K | -17000 |
| inventory | - | - |
| accountsPayables | -98000 | 2.34M |
| otherWorkingCapital | -76000 | -1.15M |
| otherNonCashItems | 6.62M | -5000 |
| netCashProvidedByOperatingActivities | -45.54M | -31.7M |
| investmentsInPropertyPlantAndEquipment | -1.9M | -4.84M |
| acquisitionsNet | - | - |
| purchasesOfInvestments | - | - |
| salesMaturitiesOfInvestments | - | - |
| otherInvestingActivities | 211K | -24000 |
| netCashProvidedByInvestingActivities | -1.69M | -4.87M |
| netDebtIssuance | 33.38M | -1.02M |
| longTermNetDebtIssuance | 33.38M | -1.02M |
| shortTermNetDebtIssuance | - | - |
| netStockIssuance | - | -3.02M |
| netCommonStockIssuance | - | -1.51M |
| commonStockIssuance | - | - |
| commonStockRepurchased | - | -1.51M |
| netPreferredStockIssuance | - | -1.51M |
| netDividendsPaid | - | - |
| commonDividendsPaid | - | - |
| preferredDividendsPaid | - | - |
| otherFinancingActivities | 562K | 1.53M |
| netCashProvidedByFinancingActivities | 33.94M | -2.51M |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 |
|---|---|---|---|---|---|
| revenue | 1M | - | - | - | 862K |
| costOfRevenue | 1.64M | - | - | - | 1.81M |
| grossProfit | -638K | - | - | - | -948K |
| researchAndDevelopmentExpenses | 14.09M | - | - | - | 6.24M |
| generalAndAdministrativeExpenses | 14.09M | - | - | - | 4.71M |
| sellingAndMarketingExpenses | 643K | - | - | - | 416K |
| sellingGeneralAndAdministrativeExpenses | 14.74M | 1.31M | 2.62M | 357.77K | 5.12M |
| otherExpenses | -2.45M | - | - | - | - |
| operatingExpenses | 26.37M | 1.31M | 2.62M | 357.77K | 11.36M |
| costAndExpenses | 28.01M | 1.31M | 2.62M | 357.77K | 13.17M |
| netInterestIncome | 508K | 2.51M | 2.7M | 2.67M | -765K |
| interestIncome | 517K | 2.51M | 2.7M | 2.67M | 458K |
| interestExpense | 9000 | - | - | - | 1.22M |
| depreciationAndAmortization | 626K | - | - | - | 572K |
| ebitda | -89.74M | 1.2M | 83694 | 2.31M | -11.29M |
| ebit | -90.36M | 1.2M | 83694 | 2.31M | -11.87M |
| nonOperatingIncomeExcludingInterest | 63.35M | -2.51M | -2.7M | -2.67M | -446K |
| operatingIncome | -27.01M | -1.31M | -2.62M | -357.77K | -12.31M |
| totalOtherIncomeExpensesNet | -63.36M | 2.51M | 2.7M | 2.67M | -777K |
| incomeBeforeTax | -90.37M | 1.2M | 83694 | 2.31M | -13.09M |
| incomeTaxExpense | 48000 | - | - | - | 338K |
| netIncomeFromContinuingOperations | -90.42M | 1.2M | 83694 | 2.31M | -13.43M |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - |
| netIncome | -90.42M | 1.2M | 83694 | 2.31M | -13.43M |
| netIncomeDeductions | - | - | - | - | - |
| bottomLineNetIncome | -91.84M | 1.2M | 83694 | 2.31M | -13.43M |
| eps | -1.27 | 0.04 | 0.0 | 0.07 | -0.4 |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 |
|---|---|---|---|---|---|
| cashAndCashEquivalents | 122.78M | 703.6K | 66.76M | 1.75M | 37.2M |
| shortTermInvestments | 325K | - | 329K | - | 377K |
| cashAndShortTermInvestments | 123.1M | 703.6K | 67.09M | 1.75M | 37.57M |
| netReceivables | 1.34M | - | 3.42M | - | 536K |
| accountsReceivables | 1.34M | - | 3.42M | - | 536K |
| otherReceivables | - | - | - | - | - |
| inventory | - | - | - | - | - |
| prepaids | - | 210.01K | - | 229.48K | - |
| otherCurrentAssets | 5.57M | - | 8.37M | - | 1.04M |
| totalCurrentAssets | 130.01M | 913.61K | 78.87M | 1.98M | 39.15M |
| propertyPlantEquipmentNet | 12.69M | - | 8.83M | - | 9.94M |
| goodwill | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - |
| longTermInvestments | - | 262.24M | - | 257.04M | - |
| taxAssets | - | - | - | - | - |
| otherNonCurrentAssets | 2.68M | - | 107K | 60521 | 109K |
| totalNonCurrentAssets | 15.36M | 262.24M | 8.94M | 257.11M | 10.05M |
| otherAssets | - | - | - | - | - |
| totalAssets | 145.38M | 263.15M | 87.81M | 259.09M | 49.19M |
| totalPayables | 6.86M | - | 2.03M | - | 1.29M |
| accountPayables | 6.86M | - | 2.03M | - | 1.29M |
| otherPayables | - | - | - | - | - |
| accruedExpenses | 6.34M | - | 8.1M | - | 2.68M |
| shortTermDebt | - | - | 36.18M | - | 14.22M |
| capitalLeaseObligationsCurrent | 977K | - | 702K | - | 709K |
| taxPayables | - | - | - | - | - |
| deferredRevenue | - | - | - | - | 112K |
| otherCurrentLiabilities | 738K | 3.33M | 5.05M | 1.22M | 5.17M |
| totalCurrentLiabilities | 14.91M | 3.33M | 52.05M | 1.22M | 24.19M |
| longTermDebt | - | - | 17.97M | - | 21.67M |
| capitalLeaseObligationsNonCurrent | 1.44M | - | 449K | - | 653K |
| deferredRevenueNonCurrent | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - |
| otherNonCurrentLiabilities | 268.13M | 8.75M | 548.76M | 8.75M | 134.2M |
| totalNonCurrentLiabilities | 269.58M | 8.75M | 567.17M | 8.75M | 156.53M |
| otherLiabilities | - | - | - | - | - |
| capitalLeaseObligations | 2.42M | - | 1.15M | - | 1.36M |
| totalLiabilities | 284.49M | 12.08M | 619.23M | 9.97M | 180.72M |
| treasuryStock | - | - | - | - | - |
| preferredStock | - | - | - | 257.04M | - |
| commonStock | 8000 | 262.24M | 1000 | 876 | 1000 |
| retainedEarnings | -641.47M | -11.17M | -532M | -7.93M | -135.53M |
| additionalPaidInCapital | 502.35M | - | 585K | - | 4.01M |
| date | 2026-03-31 | 2024-12-31 |
|---|---|---|
| netIncome | -90.42M | -13.43M |
| depreciationAndAmortization | 626K | 572K |
| deferredIncomeTax | - | - |
| stockBasedCompensation | 1.94M | 458K |
| changeInWorkingCapital | 34000 | -362K |
| accountsReceivables | -974K | -185K |
| inventory | - | - |
| accountsPayables | 3.7M | -296K |
| otherWorkingCapital | -2.69M | 119K |
| otherNonCashItems | 64.18M | -263K |
| netCashProvidedByOperatingActivities | -23.64M | -13.02M |
| investmentsInPropertyPlantAndEquipment | -2.16M | -334K |
| acquisitionsNet | - | - |
| purchasesOfInvestments | - | - |
| salesMaturitiesOfInvestments | - | - |
| otherInvestingActivities | - | 116K |
| netCashProvidedByInvestingActivities | -2.16M | -218K |
| netDebtIssuance | -33.64M | 9.57M |
| longTermNetDebtIssuance | -33.64M | 9.57M |
| shortTermNetDebtIssuance | - | - |
| netStockIssuance | 146.52M | - |
| netCommonStockIssuance | 74.71M | - |
| commonStockIssuance | 74.71M | - |
| commonStockRepurchased | - | - |
| netPreferredStockIssuance | 71.8M | - |
| netDividendsPaid | - | - |
| commonDividendsPaid | - | - |
| preferredDividendsPaid | - | - |
| otherFinancingActivities | -21.07M | 7000 |
| netCashProvidedByFinancingActivities | 91.81M | 9.58M |