Executive readout · one minute
Call research workspace
Read the call alongside every captured source. Audio, transcript, slides and SEC filings stay in one workspace.
MRLN
$3.76
-15.05%
MRLN · Merlin, Inc.
$3.76
-0.67 (-15.05%)
At close · Aug 14
View the 10-Q filed May 15, 2026
Going-concern doubt
— flagged Aug 14, 2026
Substantial doubt about the company's ability to continue as a going concern.
“These measures may significantly alter our future business plans and could cause significant delays in the development of our products and ultimately our financial condition and ability to operate as a going concern in future periods.”View the 10-Q filed Aug 14, 2026
Customer concentration
— key customers 90% of revenue
Key customers — 90% of revenue (the three months ended March 31, 2026)
“During the three months ended March 31, 2026 and 2025, the Company generated $1,002 and $868 in revenue, with a significant amount (> 90%) of this revenue coming from the U.S. government (refer to Note 4. Revenue Recognition from Contracts with Customers for further information).”
Market Cap
$379.51M
Shares
101.07M
All earnings calls
Earnings call · FY2026 Q1
Merlin, Inc. Q1 FY2026 Earnings Call
Merlin, Inc. Q1 FY2026 Earnings Call
Research coverage
2 live sources
Switch sources without leaving this page or losing your listening position.
Revenue
$1.00M
+15.4% YoY
Diluted EPS
-$1.27
Gross margin
180.9%
+163.2 pp YoY
Net income
-$90.42M
Research materials
Open the source you need; every reader stays inside this workspace.
Quarter detail
How the reported period landed and where the business moved.
SEC filing · Item 2.02
8-K earnings release
Filed May 14, 2026 · complete as-filed document
SEC periodic report
10-Q report
Filed May 15, 2026 · complete as-filed document