Filing Flows › Merlin (MRLN) › Q2 2026
Merlin (MRLN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Merlin (MRLN) reported revenue of $2.2M for the second quarter 2026 (Q2 2026), -29% from a year earlier and +119% from the quarter before.
Merlin, Q2 2026: revenue $2.2M (-29% year over year), net loss $58.4M, operating cash flow −$27.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2M | +119% | -29% |
| Operating profit | −$33.5M | — | — |
| Net earnings | −$58.4M | — | -2631% |
| Operating cash flow | −$27.3M | — | — |
What changed
Revenue was $2.2M in Q2 2026, down 29% year over year and up 119% from the previous quarter.
Operating costs exceeded revenue by $33.5M, an operating margin of -1528.6%. The fastest-growing cost line was General & admin (+309%). The quarter ended with a net loss of $58.4M, narrower than the previous quarter's $90.4M loss.
Operating cash flow was −$27.3M. Non-cash charges added back $712K of depreciation and $4.6M of share-based compensation. Working capital and other items added $25.9M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$28.9M.
Questions
What was Merlin's revenue in the second quarter 2026?
Merlin (MRLN) reported revenue of $2.2M for the second quarter 2026 (Q2 2026), -29% from a year earlier and +119% from the quarter before.
Source: Merlin 10-Q on SEC EDGAR.