Merlin Inc

MRLN

Market cap $510M

Merlin Inc. is rated a buy with a 24% FY 2026 upside, targeting $8.3 per share. MRLN's investment thesis hinges on the successful execution of technical milestones, especially under its $105M USSOCOM contract. Liquidity stands at $183M post-PIPE, but ongoing cash burn implies a runway of up to 8 quarters before further capital needs.

Merlin, Inc. (NASDAQ:MRLN) shares surged Friday morning after the autonomous aviation startup announced it successfully completed a critical design review for its Merlin Pilot system with U.S. Special Operations Command (USSOCOM).

Merlin, Inc. (NASDAQ:MRLN) shares are trading higher Friday after the company announced Thursday the successful completion of the Critical Design Review (CDR) for its C-130J autonomy program with the U.S. Special Operations Command (USSOCOM).

CDR approval marks the completion of the final design configuration for the C-130J, advancing the program to the aircraft integration phase CDR approval marks the completion of the final design configuration for the C-130J, advancing the program to the aircraft integration phase

Company management to present at and/or attend 1x1 investor meetings at three conferences in June Company management to present at and/or attend 1x1 investor meetings at three conferences in June

Merlin, Inc. Common Stock NASDAQ: MRLN used its first earnings call as a public company to outline its autonomous flight strategy, highlight the launch of its first named product, Condor, and report first-quarter 2026 financial results that reflected higher operating investment and significant non-cash financing-related charges.

BOSTON, May 14, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (NASDAQ: MRLN), an aerospace and defense technology company building the operating system of record for autonomous flight, today announced Merlin Pilot for Commercial Cargo, which aims to bring its aircraft-agnostic AI-powered autonomy core to commercial transport, starting with cargo aircraft. Merlin Pilot for Commercial Cargo is part of Condor , Merlin's new product family for large, multi-crew aircraft, which would apply the Merlin Pilot autonomy core across both civil and military platforms, from Part 25 aircraft to military transports such as the C-130J.

BOSTON, May 14, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (Nasdaq: MRLN), an aerospace and defense technology company building the operating system of record for autonomous flight, today announced operating and financial results for its first quarter ended March 31, 2026. This was the Company's first quarterly report of operations as a public company following the close of its business combination with Inflection Point Acquisition Corp. IV on March 16, 2026.

Presentation and live Q&A to be held pre-market on Thursday, May 14, 2026 Presentation and live Q&A to be held pre-market on Thursday, May 14, 2026

BOSTON, April 29, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (Nasdaq: MRLN) ("Merlin" or the "Company"), a leading developer of assured, autonomous flight technology, today announced that it has entered into a securities purchase agreement with an existing fundamental institutional shareholder to raise $80 million of equity capital via a private investment in public equity ("PIPE").