Merlin financials
$1.78+1.71%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 |
|---|---|---|
| Revenue | $2.2M | $1.0M |
| Gross profit | $104.0K | $1.8M |
| Gross margin | 4.7% | 180.9% |
| Operating income | -$33.5M | -$27.0M |
| Net income | -$127.5M | -$91.8M |
| Net margin | −5811.3% | −9165.3% |
| Diluted EPS | $-1.40 | $-1.27 |
| EBITDA | -$32.8M | -$26.6M |
| Operating cash flow | -$27.3M | -$23.6M |
| Free cash flow | -$28.9M | -$25.8M |
| Diluted shares | 91.3M | 72.4M |
Balance sheet
| Period end | Jun 30 | Mar 31 |
|---|---|---|
| Cash & equivalents | $183.6M | $122.8M |
| Short-term investments | $321.0K | $325.0K |
| Total debt | $0.00 | $0.00 |
| Total assets | $207.0M | $145.4M |
| Total liabilities | $144.4M | $104.2M |
| Shareholders' equity | -$99.9M | -$139.1M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology