Merlin, Inc.
MRLN
NASDAQ·Industrials·Aerospace & Defense·Mkt cap $323.4M
$3.35
▼ -0.30%
P/E
-1.25
Mkt Cap
$323.4M
52-Wk Range
$2.71–$17.00
52-Week Range
$2.71 - $17.00
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 68.0% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Proprietary operating system validated through hundreds of autonomous flights
- First-mover advantage in autonomous aviation software for multiple aircraft types
- Strong government and defense sector relationships
- Demonstrated technology with real-world flight validation data
Bear Case
1 risk
- Above-average volatility (beta 1.8).
Growth
Strong growth ahead
Increasing defense spending on autonomous systems and unmanned vehicles
Value
Deep value opportunity - significant discount to sector peers
Momentum
Falling
-57.5% over 3m
Quality
Loss-making
Mixed fundamentals
Dividend
None
No dividend
Smart-money signal
Who's buying MRLN right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 12, 2026
AUG 13, 2026
Reported EPS of -$1.40 vs -$0.28 consensus (-409.1% surprise). Revenue of $2.2M vs $3.8M expected (-41.9%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-409.1%
Revenue trend · last 2Q
—
—
Q1 26
Q2 26
$1.0M
$2.2M
Margins · last 2Q
Gross
-5.4%
Profit
-5811.3%
Wall Street consensus
3 analysts · 100% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
100%
Hold
0%
Sell
0%
Median Price Target
—
Latest: Roth Capital · Jul 24, 2026
vs Industry
How MRLN stacks vs Aerospace & Defense
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.