Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data Merlin, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2025
General and administrative
3.86
Operating income
-3.86
Interest income
0.06
Other non-operating income
9.87
Net income
6.01
Balance sheet
FY2025
Cash and equivalents
59.3
Short-term investments
0.33
Receivables
0.37
Other current assets
3.33
Total current assets
70.9
Property, plant and equipment
7.11
Lease right-of-use assets
0.98
Total assets
80.6
Accounts payable
3.15
Accrued liabilities
7.94
Deferred revenue
0
Short-term debt
19.3
Total current liabilities
64.3
Long-term debt
12.8
Lease liabilities
0.33
Total liabilities
154
Total debt
32.1
Paid-in capital
477
Retained earnings
-551
Shareholders' equity
-73.6
Total equity
-73.6
Total liabilities and equity
80.6
Shares outstanding
69.7
Cash flow statement
FY2025
Net income
6.01
Stock-based compensation
0.67
Cash from operations
-1.33
Cash from financing
-0.08
Net change in cash
-1.4
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.99 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-55.0%
Net income / average total assets.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
14.7x
Current assets / current liabilities.
Quick ratio
14.3x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
14.1x
(Cash + short-term investments) / current liabilities.
Debt / assets
0.0%
Total debt / total assets.
Liabilities / assets
69.8%
Total liabilities / total assets.
Net debt
-$183.9M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
-$0.30
Cash from operations / diluted weighted shares.
Book value per share
-$0.99
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
Earnings yield
-56.6%
Net income / market cap (the inverse of P/E).
Was Merlin, Inc. profitable in fiscal 2025?
Yes. Net income was $6.0M, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.