Saturday 17 October 2026 Export MRLN’s income statement to Excel — free account

Merlin Inc

MRLN Industrials Aerospace & Defense

Dividend growth for five consecutive years; insiders bought in the last twelve months.

1.10 0.02 −1.79%

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Market cap: $113.2M
P/E: 0.0×
Fwd P/E: —
Dividend yield: —
F-score: n/a
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.05

Total sells 0.05

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 56.36%

Capital & Financial Ratios $m

Market Cap 113.19

Revenue 7.17

Net Income (159.13)

Free Cash Flow (68.20)

Net Debt (183.87)

Current Ratio 14.67

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E —

P/S ratio 14.01

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth (408.48%)

Next Y EPS Growth 59.02%

Next Y revenue growth —

Next 5Y EPS Growth (22.73%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2021	0.56	0.14 0.14 0.14 0.14
2020	0.56	0.14 0.14 0.14 0.14
2019	0.56	0.14 0.14 0.14 0.14
2018	0.56	0.14 0.14 0.14 0.14
2017	0.56	0.14 0.14 0.14 0.14
2016	0.56	0.14 0.14 0.14 0.14

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	—	2	1	184
Receivables	—	—	—	2
Inventory	—	—	—	—
Other	—	—	—	—
	—	2	1	191

	2023	2024	2025	Q'26
Payables	—	—	—	6
ST’ Debt	—	—	—	—
Other	—	—	—	0
	—	1	3	13

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	—
Cash Flow	—	—	—
Earnings	—	—	—
Book Value	—	—	—

Revenue $m

	Year

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(24)	(27)	—	—	—
’25	(13)	(12)	—	(1)	(1)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(26)	(29)	—	—	—
’25	(13)	(12)	—	(1)	(1)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.27)	(1.40)	—	—	—
’25	(0.18)	(0.23)	—	—	0.18

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	—	9.80	9.85	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	—	9.87	13.21
People
People	Employees	—	—	—	—	—	—	—	—	—	—
	Revenue/emp, $m	—	—	—	—	—	—	—	—	—	—
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	—	—	—	—
	Gross margin, %	—	—	—	—	—	—	—	—	—	—
	EBT	—	—	—	—	—	—	—	—	2	6
	EBT margin, %	—	—	—	—	—	—	—	—	0.00	0.00
	Net income	—	—	—	—	—	—	—	—	2	6
	Depreciation	—	—	—	—	—	—	—	—	—	—
Per share, $
Per share, $	Revenue	—	—	—	—	—	—	—	—	0.00	0.00
	Earnings	—	—	—	—	—	—	—	—	0.10	0.22
	Cash flow	—	—	—	—	—	—	—	—	(0.03)	(0.04)
	Capex	—	—	—	—	—	—	—	—	0.00	0.00
	Free cash flow	—	—	—	—	—	—	—	—	(0.03)	(0.04)
	Book value	—	—	—	—	—	—	—	—	(0.47)	(0.33)
	Shares, m	—	—	—	—	—	—	—	—	16	34
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	—	—	—	—
	P/S	—	—	—	—	—	—	—	—	—	—
	P/B	—	—	—	—	—	—	—	—	—	—
	EV/Sales	—	—	—	—	—	—	—	—	—	—
	EV/FCF	—	—	—	—	—	—	—	—	—	—
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	—	—	—	—	0	(1)
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	—	—	—	—	—	—	—	—	0	(1)
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	—	—	—	1	(2)
	Total debt	—	—	—	—	—	—	—	—	—	—
	Net debt	—	—	—	—	—	—	—	—	(2)	(1)
	Shareholders’ equity	—	—	—	—	—	—	—	—	(7)	(11)
Returns, %
Returns, %	ROA	—	—	—	—	—	—	—	—	0.00	2.32
	ROIC	—	—	—	—	—	—	—	—	0.00	0.00
	ROE	—	—	—	—	—	—	—	—	0.00	(64.84)

Negative figures in brackets.

All 10 years →

Latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AIRO AIRO Group Holdings, Inc.	$173.2M	— (loss-making)	— (loss-making)	+75.89% (above 0%: growing)	n/m	−55.38% (below 0%: shrinking)	64.12%	3.83%	Compare
SIF SIFCO Industries, Inc.	$133.2M	31.8×	—	+18.33% (above 0%: growing)	n/m	−792.26% (below 0%: shrinking)	13.09%	1.09%	Compare
SIDU Sidus Space, Inc.	$125.5M	— (loss-making)	— (loss-making)	−53.76% (below 0%: shrinking)	n/m	−18.26% (below 0%: shrinking)	(107.99%)	(976.20%)	Compare
MRLN Merlin Inc	$113.2M	— (loss-making)	—	—	n/m	−119.70% (below 0%: shrinking)	(5.42%)	(1,528.58%)
CODA Coda Octopus Group Inc.	$111.9M	22.6×	22.3×	+9.24% (above 0%: growing)	+9.09% (above 0%: growing)	−24.37% (below 0%: shrinking)	65.44%	19.87%	Compare
BYRN Byrna Technologies Inc.	$111.9M	— (loss-making)	888×	−45.72% (below 0%: shrinking)	n/m	+87.91% (above 0%: growing)	79.46%	(19.16%)	Compare
HOVR New Horizon Aircraft Ltd.	$94.7M	— (loss-making)	—	—	n/m	−208.15% (below 0%: shrinking)	—	0.00%	Compare
SPAI Safe Pro Group Inc.	$71.9M	— (loss-making)	— (loss-making)	+1,335.45% (above 0%: growing)	n/m	−159.09% (below 0%: shrinking)	64.02%	(245.60%)	Compare
OPXS Optex Systems Holdings Inc.	$69.3M	17.5×	18.2×	−12.43% (below 0%: shrinking)	−18.18% (below 0%: shrinking)	+53.00% (above 0%: growing)	34.18%	14.30%	Compare
Median of peers	$111.9M	22.6×	22.3×	+9.24%	—	−39.87%	64.02%	0.55%

All 82 Aerospace & Defense stocks →

Merlin Inc (MRLN) key facts

Merlin Inc (MRLN) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, MRLN traded at $1.10, a market capitalization of $113.2 million.
Return on equity was −64.8% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.