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AI brief of an SEC Form 8-K · Merlin, Inc. (MRLN)

Merlin Q2 2026 revenue $2.2 million; net loss $58.4 million, narrower than Q1 $90.4 million

Mixed Impact 3 of 5 earnings Written later

Merlin reported second quarter 2026 revenue of $2.2 million and a GAAP net loss of $58.4 million, compared with $1.0 million of revenue and a $90.4 million net loss in the first quarter. Year over year, revenue fell from $3.1 million and the net loss widened from $16.3 million, and the Adjusted EBITDA loss grew sequentially to $27.8 million from $23.3 million. Cash, cash equivalents, and short-term investments rose to $183.9 million with no debt, and the net loss attributable to common stockholders was $127.5 million after preferred stock charges.

Key points

  • Q2 2026 revenue was $2.2 million, up from $1.0 million in Q1 2026 and down from $3.1 million in Q2 2025.
  • GAAP net loss was $58.4 million, versus $90.4 million in Q1 2026 and $16.3 million in Q2 2025.
  • Adjusted EBITDA loss was $27.8 million, versus $23.3 million in Q1 2026.
  • Cash, cash equivalents, and short-term investments were $183.9 million at June 30, 2026, up from $123.1 million at March 31, 2026, and the company reported no debt.

The filing

CompanyMerlin, Inc. (MRLN)
Form8-K, current report
Filed with the SECAug 13, 2026, 4:09 PM ET
Accession number0001628280-26-056712

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.