Q2 FY2026 EarningsQ2 FY26 results significantly missed revenue and earnings expectations, with revenue of $2.19M falling -41.88% below the $3.78M consensus. GAAP EPS of -$1.40 was substantially worse than the -$0.375 expected, driven by a $60.8M deemed dividend and heavy non-cash warrant liability charges. While the company successfully extinguished all long-term debt following a $80M PIPE in May 2026, severe material weaknesses in internal controls and the transition between contract phases highlight significant operational risks.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Merlin(MRLN) the Revenue is 2.194 M (--%), Miss estimate;the EBIT is -33.54 M (--%), Miss estimate;the EPS is -1.4 (--%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueMiss expectations
0.00B--
0.00B--
-0.00B--%
EBITMiss expectations
-0.03B--
-0.02B--
-0.01B--%
EPSMiss expectations
-1.4--
-0.375--
-1.0250--%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf