Merlin, Inc. (MRLN)
Nasdaq · Services-Computer Integrated Systems Design · Services · CIK 2028707 · fiscal year ends in Dec
Closing price $0.94 on 30 Oct 2026; 52-week range $0.84 to $16.09.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Market value
- $95.0M
- Cash
- $183.6M
- Debt
- $0
- Shares outstanding
- 100.6M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $2.2M | -$58.4M | -$1.40 |
| Q1 FY2026 | 31 Mar 2026 | $1.0M | -$90.4M | -$1.27 |
| Q2 FY2025 | 30 Jun 2025 | $3.1M | -$16.3M | -$0.23 |
| Q1 FY2025 | 31 Mar 2025 | $868.0K | -$12.7M | -$0.18 |
Company events
The newest 8-K filings of 17 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 27 Oct 2026 | 8-K | Leadership change | 5.02 |
| 13 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 14 May 2026 | 8-K | Results | 2.02, 9.01 |
| 29 Apr 2026 | 8-K | Material agreement, Share sale, Investor update | 1.01, 3.02, 7.01, 9.01 |
| 20 Mar 2026 | 8-K | Change in control, Deal completed, Leadership change, Material agreement, Auditor change, Share sale, Shareholder rights change, Bylaws or fiscal year change, Shell company status, Other events | 1.01, 2.01, 3.02, 3.03, 4.01, 5.01, 5.02, 5.03, 5.06, 8.01, 9.01 |
| 12 Mar 2026 | 8-K | Shareholder vote | 5.07 |
| 20 Feb 2026 | 8-K | Investor update | 7.01, 9.01 |
| 17 Nov 2025 | 8-K | Material agreement, Share sale, Investor update, Other events | 1.01, 3.02, 7.01, 8.01, 9.01 |
| 21 Oct 2025 | 8-K | Shareholder vote, Bylaws or fiscal year change | 5.03, 5.07, 9.01 |
| 23 Sep 2025 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 14 Aug 2025 | 8-K | Material agreement, Share sale, Investor update, Other events | 1.01, 3.02, 7.01, 8.01, 9.01 |
| 31 Jul 2025 | 8-K | Material agreement | 1.01, 9.01 |
Every filing
The newest filings with the SEC of 72 held.
| Filed | Form | Period |
|---|---|---|
| 27 Oct 2026 | 8-K | 27 Oct 2026 |
| 14 Aug 2026 | 10-Q | 30 Jun 2026 |
| 13 Aug 2026 | 8-K | 13 Aug 2026 |
| 20 May 2026 | S-8 | – |
| 15 May 2026 | 10-Q | 31 Mar 2026 |
| 14 May 2026 | 8-K | 14 May 2026 |
| 13 May 2026 | EFFECT | – |
| 12 May 2026 | CORRESP | – |
| 12 May 2026 | UPLOAD | – |
| 6 May 2026 | S-1 | – |
| 29 Apr 2026 | 8-K | 29 Apr 2026 |
| 17 Apr 2026 | EFFECT | – |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 9 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Purchase | 2 | $10.98 | $22 | 3,251,388 | 26 Feb 2026 |
| 9 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Purchase | 3 | $10.95 | $33 | 3,251,391 | 26 Feb 2026 |
| 9 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Sale outside a trading plan | 3 | $10.95 | $33 | 3,251,388 | 26 Feb 2026 |
| 8 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Purchase | 250 | $11.00 | $2.8K | 3,252,488 | 26 Feb 2026 |
| 8 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Purchase | 3 | $10.98 | $33 | 3,252,491 | 26 Feb 2026 |
| 8 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Purchase | 63 | $10.98 | $692 | 3,252,617 | 26 Feb 2026 |
| 8 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Sale outside a trading plan | 63 | $11.00 | $693 | 3,252,554 | 26 Feb 2026 |
| 8 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Sale outside a trading plan | 250 | $11.00 | $2.8K | 3,252,304 | 26 Feb 2026 |
| 8 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Sale outside a trading plan | 3 | $10.98 | $33 | 3,252,301 | 26 Feb 2026 |
| 8 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Sale outside a trading plan | 63 | $10.98 | $692 | 3,252,238 | 26 Feb 2026 |
| 5 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Purchase | 14 | $11.00 | $154 | 3,286,242 | 26 Feb 2026 |
| 5 Dec 2025 | Goldman Sachs Group Inc, 10% owner | Purchase | 1,465 | $10.80 | $15.8K | 3,287,707 | 26 Feb 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 13 Oct 2026 | Inflection Point Fund I, LP | 13G | 9.9% | 10.5M |
| 18 Sep 2026 | FR Capital Holdings, L.P. | 13G amended | 1% | 1.0M |
| 14 Aug 2026 | FR Capital Holdings, L.P. | 13G amended | 12.6% | 12.8M |
| 14 Aug 2026 | Bleichroeder Sponsor 1 LLC | 13G amended | 8.2% | 8.3M |
| 13 Aug 2026 | Ayrton Capital LLC | 13G amended | 2.12% | 2.1M |
| 12 Aug 2026 | SnowPoint Ventures, LP | 13G amended | 9.6% | 9.6M |
| 15 May 2026 | First Trust Merger Arbitrage Fund | 13G amended | 0% | 0 |
| 15 May 2026 | Alyeska Investment Group, L.P. | 13G | 9.9% | 8.3M |
| 15 May 2026 | Merus Global Investments, LLC | 13G amended | 0% | 0 |
| 15 May 2026 | HIGHBRIDGE CAPITAL MANAGEMENT LLC | 13G amended | 0% | 0 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 11.8M | -3.44% | 3.8 |
| 30 Sep 2026 | 12.2M | +15.5% | 2.11 |
| 15 Sep 2026 | 10.5M | +6.49% | 8.72 |
| 31 Aug 2026 | 9.9M | +14.32% | 8.27 |
| 14 Aug 2026 | 8.7M | -2.29% | 6.85 |
| 31 Jul 2026 | 8.9M | +21.95% | 6.05 |
| 15 Jul 2026 | 7.3M | +10.45% | 4.43 |
| 30 Jun 2026 | 6.6M | +16.2% | 2.29 |
Funds that hold it
From each fund's latest Form 13F.
72 funds held it at 30 Jun 2026: 51 added and 5 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Alyeska Investment Group, L.P. | 7,402,996 | $42.1M | +7,402,996 |
| Baillie Gifford & Co. | 2,016,289 | $11.5M | 0 |
| UBS Group AG | 1,034,899 | $5.9M | +761,813 |
| BlackRock, Inc. | 711,898 | $4.1M | +711,898 |
| XTX Topco Ltd | 431,905 | $2.5M | +402,197 |
| Geode Capital Management, LLC | 426,791 | $2.4M | +376,786 |
| Vanguard Capital Management LLC | 391,813 | $2.2M | +391,813 |
| Susquehanna International Group, LLP | 358,644 | $2.0M | +358,644 |
| Jane Street Group, LLC | 280,778 | $1.6M | +228,340 |
| Charles Schwab Investment Management Inc. | 224,414 | $1.3M | +224,414 |
Peers
Companies in the same industry.
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- Leidos Holdings, Inc. (LDOS): revenue $17.6B, market value $17.9B
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- GoDaddy Inc. (GDDY): revenue $5.2B, market value $14.3B
- IonQ, Inc. (IONQ): revenue $246.5M, market value $11.4B
- Jack Henry & Associates Inc. (JKHY): revenue $2.5B, market value $11.3B
- Aurora Innovation, Inc. (AUR): revenue $7.0M, market value $8.8B
- Open Text Corp. (OTEX): revenue $5.2B, market value $6.4B
- Science Applications International Corp. (SAIC): revenue $7.4B, market value $6.4B
- Waystar Holding Corp. (WAY): revenue $1.2B, market value $5.4B