State Ledger
Company profile

Merlin, Inc. CIK 2028707

Ticker
MRLN (Nasdaq)
Industry
Services-Computer Integrated Systems Design
Headquarters
New York, NY 10105
Fiscal year end
2025 (FY)
Market Data
Close
$1.30
Change
+$0.09
Change %
7.47%
Volume
118,136

MRLN · trading date Oct 13, 2026 · previous close $1.21 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
—
Net income
$6.01M
Total assets
$263.15M
Total liabilities
$12.08M
Stockholders' equity
-$11.17M
Cash & equivalents
$703.6K
Operating income
-$3.86M
Operating cash flow
-$1.33M
Capital expenditures
—

Fiscal year 2025, via 10-K filed 2026-03-12. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
—
Free cash flow
—
Free cash flow margin
—
Liabilities / assets
4.6%
Equity / assets
-4.2%
CapEx / revenue
—
Operating cash flow / net income
-0.22×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 — $6.01M $263.15M $12.08M -$11.17M
2024 — — $254.22M $9.83M -$7.37M
Company Details
SIC code
7373
State of incorporation
E9
Active filer
Yes
Most recent SEC filing
Form 4
2026-09-18
Financials filed via
Form 10-K
filed 2026-03-12

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
New York, NY 10105
1345 AVENUE OF THE AMERICAS
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:46 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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