Filing Flows › Merlin (MRLN) › Q1 2026 › vs Q1 2025
Merlin (MRLN) Q1 2026 vs Q1 2025 (year over year)
Merlin's revenue rose $134K (+15%) from $868K in Q1 2025 to $1.0M in Q1 2026.
Merlin, Q1 2026: revenue $1.0M (+15% year over year), net loss $90.4M, operating cash flow −$23.6M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.0M | $868K | $134K | +15% |
| Net loss | $90.4M | $12.7M | $77.7M | +610% |
| Costs & expenses | $91.4M | $13.6M | $77.8M | +572% |
| Operating costs | $28.0M | $12.3M | $15.7M | +128% |
| Interest & other, net | $63.4M | $1.3M | $62.0M | 48× |
| Income tax | $48K | $1K | $47K | 48× |
| Operating cash sources | $90.4M | $12.7M | $77.7M | +610% |
| Depreciation | $417K | $381K | $36K | +9% |
| Share-based compensation | $1.3M | $513K | $782K | +152% |
| Working capital & other | $65.1M | −$1.2M | $66.3M | — |
| Cash used in operations | $23.6M | $13.1M | $10.6M | +81% |
| Net loss absorbed | $90.4M | $12.7M | $77.7M | +610% |
Questions
How much did Merlin's revenue grow year over year in Q1 2026?
Merlin's revenue rose $134K (+15%) from $868K in Q1 2025 to $1.0M in Q1 2026.