Q2 FY2026 · ended Jun 30, 2026 · Revenue $2.19M, +119.0% YoY · Filed Aug 14, 2026
Merlin, Inc. (MRLN) files with the SEC under industry code 7373, Services-Computer Integrated Systems Design. In Q2 of fiscal 2026, the quarter ended Jun 30, 2026, it reported revenue of $2.2 million and a net loss of $58.4 million. Free cash flow was -$28.9 million. As of Jun 30, 2026 it held $183.9 million in cash and investments and $2.2 million in total debt.
Revenue
$2.19M
+119.0% vs prior quarter
Net income
$-58.43M
-258.5% vs year-ago quarter
Operating cash flow
$-27.25M
-124.5% vs year-ago quarter
Free cash flow
$-28.91M
-12.1% vs prior quarter
EPS
$-1.40
-10.2% vs prior quarter
Dividend per share
None
Shares outstanding
101.07M
+4.7% vs prior quarter
Net cash
$181.68M
Q2 FY2026
Operating margin
-1528.6%
Q2 FY2026
Company profile
- Industry
- Services-Computer Integrated Systems Design (SIC 7373)
- Listed as
- MRLN (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- New York, NY
- SEC filer status
- , Emerging growth company
- SEC CIK
- 2028707
- Former names
- INFLECTION POINT ACQUISITION CORP. IV (until Mar 16, 2026); Bleichroeder Acquisition Corp. I (until Oct 14, 2025)
Other Services-Computer Integrated Systems Design companies
- Samsara Inc. IOT
- Leidos Holdings, Inc. LDOS
- Caci International Inc /DE/ CACI
- GoDaddy Inc. GDDY
- IonQ, Inc. IONQ
- Jack Henry & Associates Inc JKHY
- Quantinuum Inc. QNT
- Aurora Innovation, Inc. AUR
All 56 Services-Computer Integrated Systems Design companies
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
Q2 FY2025 Jun 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $2.2M | $1.0M | — | — | — |
| Operating income | -$33.5M | -$27.0M | -$644,341 | -$2.6M | -$11.0M |
| Net income | -$58.4M | -$90.4M | $1.2M | $83,694 | -$16.3M |
| Diluted EPS | -$1.40 | -$1.27 | — | — | — |
| Operating cash flow | -$27.3M | -$23.6M | -$270,807 | $24.2M | -$12.1M |
| Free cash flow | -$28.9M | -$25.8M | — | — | — |
| Total assets | $207.0M | $145.4M | $80.6M | $261.1M | $259.1M |
| Total liabilities | $144.4M | $104.2M | $154.2M | $11.9M | $10.0M |
| Stockholders' equity | -$99.9M | -$139.1M | -$73.6M | -$10.5M | -$29.0M |
| Cash and investments | $183.9M | $325,000 | — | — | — |
| Total debt | $2.2M | $455,000 | $32.1M | — | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change
|
Oct 27, 2026 | Oct 27, 2026 |
| 10-Q | Quarterly report | Aug 14, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 13, 2026 | Aug 13, 2026 |
| 10-Q | Quarterly report | May 15, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Results of operations
|
May 14, 2026 | May 14, 2026 |
| 8-K |
Current report
Material agreement, Unregistered share sale, Regulation FD disclosure
|
Apr 29, 2026 | Apr 29, 2026 |
All 171 Merlin, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.