Company Description
Merlin, Inc. develops autonomous flight software for military and civil aviation programs. The company describes its core product as the Merlin Pilot, an AI-powered autonomy system intended to support takeoff-to-touchdown autonomous operations across legacy and next-generation aircraft. Merlin operates in aerospace and defense technology, with a business focus on software, systems integration, regulatory readiness, and customer programs for autonomous aviation.
The company’s platform is designed to be aircraft-agnostic, meaning the software is built for use across a range of aircraft types rather than a single airframe. Merlin’s public materials describe the system as a full-stack autonomy capability for aircraft operations, with applications across aviation, aerospace, and defense. The company has reported autonomous flight activity from test facilities and has disclosed awarded contracts from military customers.
Merlin serves defense and civil aviation markets. Its operating model centers on developing autonomous flight technology, advancing program execution, supporting regulatory approval activities, and scaling customer programs. News releases identify Merlin Labs, Inc. as a subsidiary involved in autonomy opportunities and customer or partner arrangements, including international aviation operator opportunities.
Merlin became a publicly traded company after the closing of Merlin Labs, Inc.’s business combination with Inflection Point Acquisition Corp. IV. The company’s common stock trades on the Nasdaq Global Market under the symbol MRLN. Its public-company disclosures include capital-structure matters, governance disclosures, securities registration statements, material agreements, shareholder voting matters, and operating and financial results.
The company is headquartered in Boston, Massachusetts. As a newly public aerospace and defense technology issuer, Merlin’s durable corporate profile combines autonomous aviation software development, military and civil aviation customer programs, public-company governance, and capital-structure disclosures associated with its completed SPAC combination and subsequent financing activity.
Stock Performance
MERION (MRLN) stock last traded at $6.61, down 4.11% from the previous close. Over the past 12 months, the stock has lost 26.8%. At a market capitalization of $657.3M, MRLN is classified as a small-cap stock with approximately 84.5M shares outstanding.
MRLN Rankings
Latest News
MERION has 10 recent news articles, with the latest published 3 days ago. Of the recent coverage, 4 articles coincided with positive price movement and 6 with negative movement. Key topics include AI, earnings, earnings date, management, acquisition. View all MRLN news →
SEC Filings
MERION has filed 10 recent SEC filings, including 8 Form SCHEDULE 13G/A, 2 Form SCHEDULE 13G. The most recent filing was submitted on May 15, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all MRLN SEC filings →
Financial Highlights
operating income reached -$3.9M, and net income was $6.0M. The company generated -$1.3M in operating cash flow. With a current ratio of 0.27, short-term liquidity bears monitoring.
Upcoming Events
Warrant expiration
MERION has 1 upcoming scheduled event. The next event, "Warrant expiration", is scheduled for May 1, 2031 (in 1809 days). 1 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the MRLN stock price.
Short Interest History
Short interest in MERION (MRLN) currently stands at 2.1 million shares, up 110.2% from the previous reporting period, representing 2.8% of the float. Over the past 12 months, short interest has increased by 110.2%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for MERION (MRLN) currently stands at 1.3 days, up 31% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has increased 31% over the past year, indicating either rising short interest or declining trading volume.
MRLN Company Profile & Sector Positioning
MERION (MRLN) operates in the Aerospace & Defense industry within the broader Services-computer Integrated Systems Design sector and is listed on the NASDAQ. In monthly performance, the stock ranks #4,388 among all tracked companies.