Merlin, Inc. MRLN

Technology SIC 7373 - Services-Computer Integrated Systems Design NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design Services derived Nasdaq

Cayman Islands exempted corporation on June 24, 2024. The Company was incorporated for the purpose of effecting a merger, amalgamation,

share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

Inflection Point has neither engaged in any operations nor generated any operating revenues to date.

LLC (the "Sponsor") made a capital contribution of $25,000, or approximately $0.004 per share, to cover certain

Last close 0.88 2026-10-23
Market cap $88.7M 2026-06-30 share count
52-week range 0.82 - 17.00

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024
SG&A $3.9M—
Operating income -$3.9M—
Net income $6.0M—

Balance sheet

Fiscal year FY2025FY2024
Cash and equivalents $703.6K$2.1M
Total current assets $913.6K$2.3M
Total assets $263.1M$254.2M
Total current liabilities $3.3M$1.1M
Total liabilities $12.1M$9.8M
Retained earnings -$11.2M-$7.4M
Total equity -$11.2M-$7.4M

Cash flow

Fiscal year FY2025FY2024
Operating cash flow -$1.3M—
Stock-based compensation $670.0K—
Financing cash flow -$75.0K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-052553.

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Unregistered share sale Item 3.02
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Change of control Control of the company has changed hands. Item 5.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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