---
title: "Merlin (MRLN.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/MRLN.US/norm.md"
symbol: "MRLN.US"
name: "Merlin"
parent: "https://longbridge.com/en/quote/MRLN.US.md"
datetime: "2026-06-10T15:35:28.782Z"
locales:
  - [en](https://longbridge.com/en/quote/MRLN.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/MRLN.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/MRLN.US/norm.md)
---

# Merlin (MRLN.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- |
| EPS | -1.27 | -3.61 | -0.1795 | -2.60 |
| ROE | 108.90% | - | 38.72% | - |
| Revenue | 1.00M | 1.65M | 868000.00 | 862000.00 |
| Net income | -91.84M | -19.05M | -12.73M | -13.43M |
| Operating income | -27.01M | -16.50M | -11.40M | -12.31M |
| Gross margin | 180.94% | 11.80% | 17.74% | -109.98% |
| Net margin | -9023.85% | -1153.33% | -1466.94% | -1557.66% |
| Profit quality | - | - | - | - |

## Balance Sheet (USD)

| Indicator | Q1 2026 | Q4 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- |
| A&L | 145.38M | 80.58M | - | 49.19M |
| Leverage | 3.53 | -1.09 | - | -54.30 |
| BVPS | -1.65 | -100.93 | -25.44 | -25.44 |
| Turnover | - | 0.1164 | - | 0.0220 |
| Cash & STI | 123.10M | 59.67M | 37.57M | 37.57M |
| Inv & Rec | - | - | - | - |
| LT assets | 12.69M | 8.09M | - | 9.94M |
| Net debt | -120.68M | 2.48M | -313000.00 | -313000.00 |

## Cash Flow Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- |
| Operating CF | -23.64M | -16.86M | -13.08M | -12.95M |
| Investing CF | -2.16M | -132000.00 | -79000.00 | -289000.00 |
| Financing CF | 91.81M | 9.57M | -1.55M | 9.58M |
| Free CF | -12.23M | - | - | - |
| OCF coverage | -66.05% | -11953.90% | -792.31% | -2217.64% |
| Repaid & issued | - | 2.71M | - | 9.82M |
| CapEx | -2.16M | -141000.00 | -94000.00 | -334000.00 |

## Distribution Plan

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.14USD | 2021-11-08 | 2021-11-05 | 2021-11-18 |
| Cash Dividend: 
0.14USD | 2021-08-09 | 2021-08-06 | 2021-08-19 |
| Cash Dividend: 
0.14USD | 2021-05-10 | 2021-05-07 | 2021-05-20 |