Merlin, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 |
|---|---|---|
| Income Statement | ||
| Operating income | -$3.9M | — |
| Net income | $6.0M | — |
| Balance Sheet | ||
| Cash and equivalents | — | $2.1M |
| Current assets | $913,610 | $2.3M |
| Total assets | $263.1M | $254.2M |
| Current liabilities | $3.3M | $1.1M |
| Total liabilities | $12.1M | $9.8M |
| Stockholders' equity | -$11.2M | -$7.4M |
| Cash Flow Statement | ||
| Cash from operations | -$1.3M | — |
| Stock-based compensation | $670,000 | — |
Shares outstanding 96.5M · Free float 52.0%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.