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Stock research / United States / MRLN · Services-Computer Integrated Systems Design · Nasdaq

Merlin, Inc. (MRLN)

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Merlin, Inc. (MRLN) reported revenue of $2 million for Q2 FY2026, the quarter ended 30 June 2026, down 29.4% on the same quarter a year earlier. Net income was -$58 million, and diluted earnings per share $-1.40. The figures are the company's own, from the 10-Q it filed with the SEC on 14 August 2026.

Revenue$2 milliondown 29.4%
Net income-$58 million
Diluted EPS$-1.40
QuarterQ2 FY2026ended 30 June 2026

Merlin (MRLN) in brief

Merlin had 101 million shares outstanding at the latest filed count.
Read moreAt 30 June 2026 it carried $0 million of debt and $184 million of cash. At the close of 30 October 2026 the market cap of Merlin was $95 million.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating marginn/a
Net marginn/a
FCF marginn/a
Interest covern/a
Debt to equityn/a
Cash conversionn/a
Share count, last 12 months-0.5%
Sales CAGR, 3 yearsn/a
Profit CAGR, 3 yearsn/a
EPS, TTMn/a

At the close of 30 October 2026

Price$0.94
Market cap$95 million
Stock P/En/a
Price to bookn/a
EV / EBITDAn/a
Dividend yieldn/a
Market cap / salesn/a
52-week high$16.09
52-week low$0.84
Price, 1 year-91.3%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Merlin, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
MRLNgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MRLN

Dividendsno dividend in its filings for fiscal 2025 onward
Filings15 in twelve months: 8 current reports (8-K), about 3 material agreement; 3 unregistered sale of equity; 3 regulation FD disclosure; 2 officer or director change; 2 results of operations
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.05 by open interest at the 30 October 2026 close; the straddle prices a 44.2% move to 20 November 2026
13F holders62 funds reported a position for the quarter to 30 June 2026; largest Alyeska Investment Group, L.P.
Insider trading18 sales and 12 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest11.8 million shares short, 3.80 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 2 earnings press releases, each linked

Quarterly results, the last 4 quarters

Q1 FY2025 †Q2 FY2025 †Q1 FY2026Q2 FY2026
Revenue0.93.11.02.2
Cost of revenue0.73.11.62.1
Gross profit0.20.0-0.6-0.1
Gross margin18%1%-64%-5%
R&D6.76.914.116.4
Operating income-11.4-11.0-27.0-33.5
Operating margin-1314%-354%-2696%-1529%
Interest expense1.61.30.00.0
Pre-tax income-12.7-16.3-90.4-58.3
Net income-12.7-16.3-90.4-58.4
Net margin-1467%-524%-9024%-2663%
Diluted EPS-$0.18-$0.23-$1.27-$1.40
Operating cash flow-13.112.7-23.6-27.3
Capital expenditure0.10.02.21.7
Free cash flow-13.212.7-25.8-28.9
Buybacksn/an/a8.5n/a
Shares outstanding97m101m71m101m
Filing10-Q10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreA quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Questions

What is Merlin's market cap?

The market cap of Merlin was $95 million at the close of 30 October 2026.

How much debt does Merlin have?

At 30 June 2026 Merlin carried $0 million of debt and $184 million of cash.

Peers: Computers

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Samsara Inc. IOT$24.6 billion262.885.7%1.0%29.5%0.00n/a
Leidos Holdings, Inc. LDOS$17.9 billion13.3326.0%11.5%3.4%1.141.2%
Caci International Inc. CACI$14.9 billion27.7311.7%9.8%10.1%1.05n/a
GoDaddy Inc. GDDY$14.3 billion16.04n/a25.7%6.4%n/an/a
IonQ, Inc. IONQ$11.4 billionn/a-41.0%-408.2%370.6%0.00n/a
Jack Henry & Associates Inc. JKHY$11.3 billion23.1624.5%25.0%7.1%0.021.5%
Aurora Innovation, Inc. AUR$8.8 billionn/a-51.9%-14,357.1%n/a0.00n/a
Open Text Corp. OTEX$6.4 billion10.3116.0%20.6%1.5%1.444.1%
Science Applications International Corp. SAIC$6.4 billion17.7726.5%8.0%-0.8%1.731.0%
Waystar Holding Corp. WAY$5.4 billion39.993.4%22.9%19.2%0.37n/a
Agilysys Inc. AGYS$3.3 billion74.1912.4%14.3%14.9%0.00n/a
Kyndryl Holdings, Inc. KD$3.0 billion37.328.1%n/a-0.6%3.800.0%
All 59 in Computers
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Apple Inc. AAPL$5.04 trillion39.54119.9%33.2%14.2%0.780.3%
Cisco Systems, Inc. CSCO$412.5 billion31.3026.4%24.3%11.8%0.591.6%
Palo Alto Networks Inc. PANW$298.2 billion717.351.1%6.1%24.5%0.06n/a
Dell Technologies Inc. DELL$271.3 billion24.60n/a9.4%49.0%n/a0.5%
International Business Machines Corp. IBM$243.7 billion21.9831.4%n/a6.8%1.802.6%
Arista Networks, Inc. ANET$212.9 billion53.2627.3%43.1%32.6%0.00n/a
Sandisk Corp. SNDK$165.8 billion9.23107.1%72.5%272.4%0.00n/a
Seagate Technology Holdings plc STX$148.0 billion33.85127.3%39.6%44.4%0.690.5%
Western Digital Corp. WDC$136.9 billion14.16107.2%39.4%43.0%0.080.2%
Fortinet, Inc. FTNT$99.9 billion44.16101.6%33.0%20.2%0.22n/a
Hewlett Packard Enterprise Co. HPE$73.2 billion28.7010.5%6.2%26.6%0.761.0%
Everpure, Inc. P$42.3 billion173.9516.4%5.3%27.2%0.00n/a
NetApp, Inc. NTAP$39.0 billion28.1094.8%25.0%12.2%1.661.0%
HP Inc. HPQ$26.0 billion10.98n/a5.4%8.1%n/a4.0%
Samsara Inc. IOT$24.6 billion262.885.7%1.0%29.5%0.00n/a
Super Micro Computer, Inc. SMCI$21.7 billion10.3015.4%7.1%77.8%0.60n/a
F5, Inc. FFIV$19.2 billion26.9318.8%24.5%9.4%0.00n/a
Leidos Holdings, Inc. LDOS$17.9 billion13.3326.0%11.5%3.4%1.141.2%
Caci International Inc. CACI$14.9 billion27.7311.7%9.8%10.1%1.05n/a
GoDaddy Inc. GDDY$14.3 billion16.04n/a25.7%6.4%n/an/a
Logitech International S.A. LOGI$13.5 billion17.2137.5%17.8%5.7%0.001.7%
IonQ, Inc. IONQ$11.4 billionn/a-41.0%-408.2%370.6%0.00n/a
Jack Henry & Associates Inc. JKHY$11.3 billion23.1624.5%25.0%7.1%0.021.5%
Aurora Innovation, Inc. AUR$8.8 billionn/a-51.9%-14,357.1%n/a0.00n/a
Open Text Corp. OTEX$6.4 billion10.3116.0%20.6%1.5%1.444.1%
Science Applications International Corp. SAIC$6.4 billion17.7726.5%8.0%-0.8%1.731.0%
Waystar Holding Corp. WAY$5.4 billion39.993.4%22.9%19.2%0.37n/a
NCR Atleos Corp. NATL$3.4 billion17.7642.2%11.5%3.6%6.02n/a
Agilysys Inc. AGYS$3.3 billion74.1912.4%14.3%14.9%0.00n/a
Kyndryl Holdings, Inc. KD$3.0 billion37.328.1%n/a-0.6%3.800.0%
Extreme Networks Inc. EXTR$3.0 billion56.5059.7%5.7%11.3%2.27n/a
Parsons Corp. PSN$2.9 billion36.995.6%4.8%-2.7%0.51n/a
Netscout Systems Inc. NTCT$2.8 billion23.417.3%14.8%5.8%0.00n/a
Digi International Inc. DGII$2.8 billion57.797.1%13.9%20.3%0.16n/a
Pitney Bowes Inc. PBI$2.2 billion12.65n/a13.7%-3.5%n/a2.3%
Diebold Nixdorf, Inc. DBD$1.8 billion25.728.2%5.4%6.3%1.01n/a
A10 Networks, Inc. ATEN$1.8 billion40.8318.1%16.1%12.2%0.921.0%
Omnicell, Inc. OMCL$1.7 billion43.683.0%4.6%8.5%0.13n/a
Corsair Gaming, Inc. CRSR$1.4 billion41.985.5%2.9%3.1%0.18n/a
NCR Voyix Corp. VYX$1.2 billion21.238.2%1.1%-4.8%1.19n/a
OneSpan Inc. OSPN$944 million14.1724.8%17.9%4.9%0.022.0%
Evolv Technologies Holdings, Inc. EVLV$849 millionn/a-4.4%-20.8%41.7%0.24n/a
Mitek Systems Inc. MITK$814 million38.419.0%17.8%11.1%0.20n/a
Par Technology Corp. PAR$730 millionn/a-8.9%-12.6%18.8%0.52n/a
Quantum Corp. QMCO$719 millionn/an/a-2.3%11.9%n/an/a
Netgear, Inc. NTGR$614 millionn/a-5.6%-4.9%-0.5%0.00n/a
Telos Corp. TLS$405 millionn/a-16.9%-9.9%65.9%0.00n/a
Lantronix Inc. LTRX$280 millionn/a-3.5%-3.4%-1.6%0.00n/a
Ribbon Communications Inc. RBBN$276 million15.454.8%-3.6%-7.8%0.90n/a
Veea Inc. VEEA$275 millionn/a-152.1%-4,135.0%186.8%1.67n/a
Asure Software Inc. ASUR$271 millionn/an/an/an/a0.33n/a
SmartRent, Inc. SMRT$260 millionn/a-8.7%-14.9%-2.8%0.00n/a
Kodiak AI, Inc. KDK$239 millionn/an/a-2,100.2%n/an/an/a
Xerox Holdings Corp. XRX$192 millionn/a-286.4%-5.2%25.6%13.076.8%
Unisys Corp. UIS$190 millionn/an/a1.4%-0.6%n/an/a
One Stop Systems, Inc. OSS$129 million85.581.1%-17.3%18.7%0.00n/a
Merlin, Inc. MRLN$95 millionn/an/an/an/an/an/a
CSP Inc. CSPI$78 millionn/a-1.5%-5.3%-0.7%0.051.5%
Widepoint Corp. WYY$77 millionn/a-10.8%-0.8%9.7%0.00n/a
24 companies share its SEC industry code (Services-Computer Integrated Systems Design); the rest are the names nearest in size in its wider industry, Computers, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202614 August 2026EDGAR
10-Q31 March 202615 May 2026EDGAR