Merlin, Inc.(MRLN)Stock Analysis
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Not in ranked universe
Limited institutional coverage
Quality rankings require at least 50 unique 13-F institutional holders to ensure peer comparisons are meaningful. Only 28 institutional filers currently hold this stock.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
MRLN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Merlin, Inc. (MRLN), a Technology sector company. MRLN is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least 50 unique 13-f institutional holders to ensure peer comparisons are meaningful. only 28 institutional filers currently hold this stock. Based on the latest XBRL financial filings (Q1 2026), Merlin, Inc. reports quarterly revenue of $1.0M, net income of $-90.4M, free cash flow of $-25.8M. Top institutional holders of MRLN by reported 13-F value include BAILLIE GIFFORD & CO, UBS Group AG, CONTINENTAL GENERAL INSURANCE CO, based on the most recent SEC filings. MRLN trades on the Nasdaq exchange and files with the SEC under CIK 2028707. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MRLN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Merlin, Inc. directly from SEC EDGAR.
Revenue
Q1 2026
$1.0M
Net Income
Q1 2026
$-90.4M
Free Cash Flow
Q1 2026
$-25.8M
AI Insight: MRLN Financial Trends
Merlin reported catastrophic Q1 2026 results with $90M net loss, $27M operating loss, and equity collapsed to -$139M from -$11M.
• Net income deteriorated from $1–2M profitability in prior four quarters to -$90M loss in Q1 2026.
• Operating cash flow swung sharply negative: -$24M in Q1 2026 versus near-breakeven in prior two quarters.
• Total debt jumped to $51M in Q1 2026 with equity now deeply negative at -$139M, signaling balance sheet distress.
⚠ Operating loss widened to -$27M in Q1 2026 from -$1M in Q4 2025—largest operating loss in dataset.
⚠ Negative equity and rising debt suggest potential covenant breach or liquidity crisis; runway unclear without revenue data.
AI Insight: MRLN Ratio Trends
Merlin's profitability metrics have collapsed; TTM ROA plunged to -59.7% while quarterly ROA remained anemic through Q4 2025.
• Quarterly ROA deteriorated sharply: peaked at 3.8% in Q1 2025, fell to 0.1% in Q3 2025, recovered slightly to 1.8% in Q4 2025.
• TTM ROA turned deeply negative at -59.7% as of Q1 2026, suggesting material losses in trailing twelve months despite small positive quarters.
⚠ Investigate timing and magnitude of TTM loss: quarterly data shows low but positive returns, yet TTM ROA is -59.7%—signals one-time charge or seasonal cliff.
⚠ Sparse data coverage (OpMargin, NPM, ROE, ROIC, D/E all missing) limits visibility into margin structure and leverage—monitor next full disclosure.
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Available Research
13F Pro tracks comprehensive data for Merlin, Inc. including:
Top Institutional Holders of MRLN
BAILLIE GIFFORD & CO
$14.8M2,016,289 shUBS Group AG
$2.0M273,086 shCONTINENTAL GENERAL INSURANCE CO
$1.8M239,872 shDiametric Capital, LP
$916.0K124,624 shGreenhaven Road Investment Management, L.P.
$795.5K108,233 shGOLDMAN SACHS GROUP INC
$578.5K78,709 shAlberta Investment Management Corp
$551.3K75,000 shMOORE CAPITAL MANAGEMENT, LP
$551.3K75,000 shJANE STREET GROUP, LLC
$385.4K52,438 shGEODE CAPITAL MANAGEMENT, LLC
$367.5K50,005 sh
| Fund | Value | Shares |
|---|---|---|
| BAILLIE GIFFORD & CO | $14.8M | 2,016,289 |
| UBS Group AG | $2.0M | 273,086 |
| CONTINENTAL GENERAL INSURANCE CO | $1.8M | 239,872 |
| Diametric Capital, LP | $916.0K | 124,624 |
| Greenhaven Road Investment Management, L.P. | $795.5K | 108,233 |
| GOLDMAN SACHS GROUP INC | $578.5K | 78,709 |
| Alberta Investment Management Corp | $551.3K | 75,000 |
| MOORE CAPITAL MANAGEMENT, LP | $551.3K | 75,000 |
| JANE STREET GROUP, LLC | $385.4K | 52,438 |
| GEODE CAPITAL MANAGEMENT, LLC | $367.5K | 50,005 |
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Popular Research
Is MRLN a good stock to buy?
13F Pro's AI-powered analysis of Merlin, Inc. (MRLN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MRLN are available on the MRLN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MRLN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MRLN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Merlin, Inc.'s investment landscape.