For the quarter ending 2026-03-31, MRLN had $66,003K increase in cash & cash equivalents over the period. -$25,803K in free cash flow.
| Cash Flow | 2026-03-31 |
|---|---|
| Net loss | -90,419 |
| Depreciation | 417 |
| Stock-based compensation | 1,295 |
| Equity-based payments to non-employees | 643 |
| Amortization of right-of-use assets | 209 |
| Non-cash interest expense | 41 |
| Change in fair value of warrant liabilities | -26,555 |
| Change in fair value of convertible promissory notes | -87,824 |
| Loss on foreign currency exchange rate | 127 |
| Change in fair value of long-term debt | -1,514 |
| Write-off of capitalized transactions costs related to issuance of pipe warrants | 1,226 |
| Accounts receivable | 974 |
| Prepaid expenses and other current assets | 2,245 |
| Deposits | 63 |
| Accounts payable | 3,699 |
| Accrued expenses | 3,253 |
| Contract loss provision | -3,435 |
| Operating lease liabilities | -201 |
| Net cash used in operating activities | -23,644 |
| Additions of property and equipment | 2,159 |
| Net cash used in investing activities | -2,159 |
| Proceeds from issuance of warrants | 48,195 |
| Proceeds from issuance of series a preferred stock in connection with pipe | 71,805 |
| Repayments of long-term debt | 33,639 |
| Issuance of common stock in connection with the merger | 26,290 |
| Payment of transaction costs related to issuance of series a preferred stock in connection with pipe | 10,482 |
| Payment of transaction costs related to issuance of common stock in connection with the merger | 8,528 |
| Payment of costs directly attributable to the merger | 2,061 |
| Proceeds from exercise of common stock options | 226 |
| Net cash provided by financing activities | 91,806 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 66,003 |
| Cash, cash equivalents, and restricted cash at beginning of period | 59,343 |
| Cash, cash equivalents, and restricted cash at end of period | 125,346 |
Merlin, Inc. (MRLN)
Merlin, Inc. (MRLN)