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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
Markets · Industrials

Merlin, Inc. (MRLN)

NGM · Aerospace & Defense

$2.98-0.04 (-1.32%)Quote refreshed

Sources: Yahoo Finance (quote, statistics) · SEC EDGAR (filings, insider trades, 13F holders) · company filings & press wires

Market Cap
$301.2M
P/E (TTM)
EPS
$-5.78
Div Yield
52W Range
$2.71–$17.00
Beta

Company overview

Next earnings: 2026-11-12(62d)

Merlin, Inc., an aerospace and defense technology company, develops AI-powered autonomous flight software and systems for aircraft in the United States and New Zealand. The company provides an aircraft-agnostic, AI-powered software platform that enables autonomous flight for both legacy and next-generation airborne systems. Its main product, the Merlin Pilot, is an integrated hardware and software solution that manages navigation, communication with air traffic control, obstacle avoidance, and real-time decision-making using sensor technologies and natural language processing. The company supports both military and civil aviation programs, offering solutions for missions such as cargo transport and national security operations. It collaborates with partners and regulatory bodies to conduct flight trials and support the certification of autonomous flight systems. The company serves defense organizations, commercial aviation clients, government agencies, regulators, and air cargo operators. The company was founded in 2018 and is based in Boston, Massachusetts.

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Recent press releases

April 2026

4 months ago424B3Industrials

Merlin registers massive securities offering, details government reliance risks

MRLNMerlin, Inc.

# 📄 What This Document Is 📜 This is a legal document called a **Prospectus** (specifically Form 424B3). Think of it as the comprehensive instruction manual for selling stocks. When a company raises money by selling its shares, it must file this prospectus with the SEC. Because Merlin is selling

Read summaryView on SEC EDGAR

SEC filings

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1 recent filing shown in the timeline above. View all SEC filings →

Merlin, Inc. has no reported insider trades in the last 90 days.

Institutional holders

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As of 2025-12-31 · prior 2025-09-30
1,895 sh-0.7%

People at Merlin, Inc.

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Quarterly financials

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Revenue trend
03/25
NI $2.4M
06/25
NI $2.3M
09/25
NI $83.7K
RevenueNI = Net Income
EPS trend (diluted)
Latest: $0.00
Prior: $0.07
Revenue sparkline