MERION INC Financials
This page shows MERION INC (MRLN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of MERION INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
MERION INC's current ratio of 1.10 is below the typical benchmark, resulting in a score of 17/100. However, the company holds substantial cash reserves (92% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
For every $1 of reported earnings, MERION INC generates $-0.22 in operating cash flow (-$1.3M OCF vs $6.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
MERION INC reported $6.0M in net income in fiscal year 2025.
Cash & Balance Sheet
MERION INC held $59.3M in cash against $12.8M in long-term debt as of fiscal year 2025.
MERION INC had 71M shares outstanding in fiscal year 2025.
Margins & Returns
Capital Allocation
MRLN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.0M | N/A | N/A | N/A | $868K | N/A | N/A |
| Cost of Revenue | $1.6M | N/A | N/A | N/A | $714K | N/A | N/A |
| Gross Profit | -$638K | N/A | N/A | N/A | $154K | N/A | N/A |
| R&D Expenses | $14.1M | N/A | N/A | N/A | $6.7M | N/A | N/A |
| SG&A Expenses | $14.1M | N/A | $2.6M+631.1% | $358K-92.1% | $4.5M | N/A | $47K |
| Operating Income | -$27.0M | N/A | -$2.6M-631.1% | -$358K+96.9% | -$11.4M | N/A | -$47K |
| Interest Expense | $9K | N/A | N/A | N/A | $1.6M | N/A | N/A |
| Income Tax | $48K | N/A | N/A | N/A | $1K | N/A | N/A |
| Net Income | -$90.4M | N/A | $84K-96.4% | $2.3M+118.1% | -$12.7M | N/A | -$47K |
| EPS (Diluted) | $-1.27 | N/A | N/A | N/A | $-0.18 | N/A | N/A |
MRLN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $145.4M+80.4% | $80.6M-69.1% | $261.1M+0.8% | $259.1M+1.0% | $256.6M+0.9% | $254.2M+86016.0% | $295K |
| Current Assets | $130.0M+83.3% | $70.9M+5234.9% | $1.3M-32.9% | $2.0M-7.1% | $2.1M-7.7% | $2.3M+197508.7% | $1K |
| Cash & Equivalents | $125.3M+111.2% | $59.3M+5554.9% | $1.0M-40.1% | $1.8M-92.2% | $22.5M+967.1% | $2.1M | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.3M+264.7% | $368K | N/A | N/A | $368K-31.3% | $536K | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $284.5M+84.5% | $154.2M-43.2% | $271.6M+1.7% | $267.0M-1.0% | $269.7M+5.7% | $255.1M+73289.3% | $348K |
| Current Liabilities | $14.9M-76.8% | $64.3M+1957.9% | $3.1M+155.8% | $1.2M+13.6% | $1.1M-0.3% | $1.1M | N/A |
| Long-Term Debt | N/A | $12.8M | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$139.1M-89.0% | -$73.6M-598.9% | -$10.5M-32.8% | -$7.9M+39.6% | -$13.1M-1347.7% | -$906K-1628.1% | -$52K |
| Retained Earnings | -$641.5M-16.4% | -$551.1M-5132.8% | -$10.5M-32.8% | -$7.9M-4.5% | -$7.6M-3.0% | -$7.4M-9413.5% | -$77K |
MRLN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$23.6M-8630.9% | -$271K+61.5% | -$704K-105.5% | $12.7M+197.3% | -$13.1M | N/A | N/A |
| Capital Expenditures | $2.2M | N/A | N/A | N/A | $94K | N/A | N/A |
| Free Cash Flow | -$25.8M | N/A | N/A | N/A | -$13.2M | N/A | N/A |
| Investing Cash Flow | -$2.2M | N/A | N/A | N/A | -$79K | N/A | N/A |
| Financing Cash Flow | $91.8M | N/A | N/A | N/A | -$1.5M | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $8.5M | N/A | N/A | N/A | N/A | N/A | N/A |
MRLN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Gross Margin | -63.7% | N/A | N/A | N/A | 17.7% | N/A | N/A |
| Operating Margin | -2695.8% | N/A | N/A | N/A | -1313.8% | N/A | N/A |
| Net Margin | -9023.9% | N/A | N/A | N/A | -1466.9% | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -62.2% | N/A | 0.0%-0.9pp | 0.9%+5.8pp | -5.0% | N/A | -16.1% |
| Current Ratio | 8.72+7.6 | 1.10+0.7 | 0.43-1.2 | 1.62-0.4 | 1.99-0.2 | 2.14 | N/A |
| Debt-to-Equity | -2.04-1.9 | -0.17+25.6 | -25.79+7.9 | -33.68-13.1 | -20.57+261.0 | -281.60-275.0 | -6.63 |
| FCF Margin | -2575.2% | N/A | N/A | N/A | -1517.9% | N/A | N/A |
Note: Shareholder equity is negative (-$73.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Frequently Asked Questions
Is MERION INC profitable?
Yes, MERION INC (MRLN) reported a net income of $6.0M in fiscal year 2025.
How much debt does MERION INC have?
As of fiscal year 2025, MERION INC (MRLN) had $59.3M in cash and equivalents against $12.8M in long-term debt.
What is MERION INC's operating cash flow?
MERION INC (MRLN) generated -$1.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are MERION INC's total assets?
MERION INC (MRLN) had $80.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is MERION INC's current ratio?
MERION INC (MRLN) had a current ratio of 1.10 as of fiscal year 2025, which is considered adequate.
What is MERION INC's debt-to-equity ratio?
MERION INC (MRLN) had a debt-to-equity ratio of -0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is MERION INC's return on assets (ROA)?
MERION INC (MRLN) had a return on assets of 7.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is MERION INC's cash runway?
Based on fiscal year 2025 data, MERION INC (MRLN) had $59.3M in cash against an annual operating cash burn of $1.3M. This gives an estimated cash runway of approximately 536 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is MERION INC's debt-to-equity ratio negative or unusual?
MERION INC (MRLN) has negative shareholder equity of -$73.6M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Are MERION INC's earnings high quality?
MERION INC (MRLN) has an earnings quality ratio of -0.22x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is MERION INC?
MERION INC (MRLN) scores 3 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.