profit from every $100 of sales.
$0$100
Merlin
$0.95-4.15% today
-91.5% in 1 year
1-year low $0.771-year high $16.09
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2024.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Merlin sold, what it kept, and what it did with the cash.
Sales went from $1.00 million in 2023 to $1.23 million in 2024, with -$55.3 million of profit last year.
SalesProfit
Merlin vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Merlin | No profit yet | ||
 Quhuo | No profit yet | ||
 SAP | 33.8× · Expensive | ||
 Shopify | 153.2× · Very expensive | ||
 Salesforce | 23.6× · Fair price |
AI analysis
An AI analyst reads Merlin's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2023 | 2024 |
|---|---|---|
| 1 | 1 | |
| 0 | -7 | |
| -38 | -54 | |
| -34 | -50 | |
| -36 | -55 | |
| -0.51 | -0.78 | |
| 26.7% | -591.6% | |
| -3,832.1% | -4,395.9% | |
| -3,635.4% | -4,495.8% |
Balance sheet
| In millions of USD | 2023 | 2024 |
|---|---|---|
| Total assets | 62 | 49 |
| Cash | 50 | 37 |
| Total debt | 4 | 37 |
| Total liabilities | 140 | 181 |
| -78 | -132 | |
| 71 | 71 | |
| – | – | |
| 46.7% | 42.0% |
Cash flow
| In millions of USD | 2023 | 2024 |
|---|---|---|
| -32 | -46 | |
| 5 | 2 | |
| -37 | -47 | |
| Dividends paid | – | – |
| 2 | 0 | |
| 2 | 2 |
Valuation
- –
- –
- –
- -4.4×
- 78.3×
- –
- –
- -49.3%
- -57.4%
- 0.0%
Profitability
- -591.6%
- -4,395.9%
- -4,495.8%
- -9,383.6%
- -23.8%
- 36.7%
- 203.9%
- -59.7%
- -24.0%
- 1,406.2%
Growth
- +22.5%
- –
- −29.8%
- –
- +0.0%
Financial health
- –
- -0.02
- 1.7%
- -3,477.8×
- 8.72
- 8.72
- 0.01
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 4%of 966
Top 22%of 980
Bottom 1%of 979
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 14, 2026 | -0.37 | -0.10 | −270.0% |
| Mar 12, 2026 | -0.19 | – | – |
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
61Pass
Benjamin Graham
45No pass
Philip Fisher
78Pass
Peter Lynch
18No pass
Joel Greenblatt
2No pass
Charlie Munger
66Pass
Terry Smith
65Pass
Questions about Merlin
Is Merlin a good stock to buy?
A business with weak numbers that is not profitable yet. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Merlin AI analysis
What does Merlin do?
Merlin, Inc. is an aerospace and defense technology company focused on developing autonomous flight solutions. The company is building an operating system of record for autonomous aviation, with its Merlin Pilot system enabling a wide range of aircraft and mission profiles. It is in Software - Application.
Does Merlin pay a dividend?
No. Merlin does not pay a dividend at the moment.
Is Merlin stock halal?
No. Merlin does not pass our halal screen: its debt is 39% of its market value, at or above the 33% limit. How we check
How has Merlin stock done over the past year?
Down 91.5% over the past twelve months, to $0.95. It traded between $0.77 and $16.09 and is 94.1% below its high.
Who are Merlin's competitors?
The largest listed companies in the same industry are Quhuo, SAP, Shopify and Salesforce. The peers table on this page compares their profit, growth and price with Merlin's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.