Merlin Q1 FY26 net loss widens to $90.42 million; revenue rises to $1 million

Merlin, Inc.

Merlin, Inc.

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  • Merlin posted Q1 2026 revenue of USD 1,002,000, up 15.44% year over year.
  • Net loss widened to USD 90.42 million from USD 12.73 million a year earlier.
  • Adjusted EBITDA loss deepened to USD 23.34 million from USD 10.39 million in Q1 2025.
  • Cash, cash equivalents, and short-term investments totaled about USD 123 million at March 31, 2026, rising to about USD 183 million as of May 1 following financing.
  • Operational update highlighted 32 cumulative auto takeoffs, including first auto takeoffs on April 11 and April 21.


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