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Merlin, Inc. (MRLN)

Merlin, Inc. (MRLN)

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Cash Flow Overview

Change in Cash
$60,774K
Free Cash flow
-$28,913K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Change in fair value of converti...
    • Proceeds from issuance in connec...
    • Proceeds from issuance in connec...
    • Others
Negative Cash Flow Breakdown
    • Net loss
    • Payments of transaction costs-Se...
    • Payments of transaction costs-Co...
    • Others
Cash Flow
2026-06-30
2026-03-31
Net loss
-58,427
-90,419
Depreciation
712
417
Stock-based compensation
4,608
1,295
Equity-based payments to non-employees
109
643
Amortization of right-of-use assets
342
209
Non-cash interest expense
0
41
Gain on disposal of property and equipment
0
-
Change in fair value of warrant liabilities
26,145
-26,555
Change in fair value of convertible promissory notes
175,648
-87,824
Loss on foreign currency exchange rate
-381
127
Contract loss expense accrual
155
-
Change in fair value of long-term debt
3,028
-1,514
Write-off of capitalized transactions costs related to issuance of pipe warrants
0
1,226
Accounts receivable
413
974
Prepaid expenses and other current assets
-166
2,245
Deposits
76
63
Accounts payable
-975
3,699
Accrued expenses
1,201
3,253
Deferred revenue
42
-
Contract loss provision
-738
-3,435
Operating lease liabilities
-230
-201
Net cash used in operating activities
-27,252
-23,644
Additions of property and equipment
1,661
2,159
Proceeds from sales of property and equipment
0
-
Net cash used in investing activities
-1,661
-2,159
Proceeds from issuance of warrants
-
48,195
Proceeds from issuance in connection with pipe-PIPEWarrants
48,195
-
Proceeds from issuance of series a preferred stock in connection with pipe
-
71,805
Proceeds from issuance in connection with pipe-Series APreferred Stock
71,805
-
Repayments of long-term debt
0
33,639
Issuance of common stock in connection with the merger
0
26,290
Payment of transaction costs related to issuance of series a preferred stock in connection with pipe
-
10,482
Payments of transaction costs-Series APreferred Stock
10,482
-
Payment of transaction costs related to issuance of common stock in connection with the merger
-
8,528
Payments of transaction costs-Common Stock
8,528
-
Payment of costs directly attributable to the merger
0
2,061
Proceeds from issuance in connection with pipe-Common Stock
52,334
-
Proceeds from issuance in connection with pipe-May2026PIPEWarrants
27,680
-
Payment of transaction costs related to may 2026 pipe-May2026PIPEWarrants
4,553
-
Proceeds from exercise of common stock options
1,234
226
Proceeds from issuance of common stock upon exercise of warrants
12,992
-
Net cash provided by financing activities
89,687
91,806
Net increase (decrease) in cash, cash equivalents, and restricted cash
60,774
66,003
Cash, cash equivalents, and restricted cash at beginning of period
125,346
59,343
Cash, cash equivalents, and restricted cash at end of period
186,120
125,346
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Proceeds from issuance inconnection with...$71,805K Proceeds from issuance inconnection with...$52,334K Proceeds from issuance inconnection with...$48,195K Proceeds from issuance inconnection with...$27,680K Proceeds from issuance ofcommon stock upon...$12,992K Proceeds from exercise ofcommon stock options$1,234K Net cash provided byfinancing activities$89,687K Canceled cashflow$124,553K Net increase(decrease) in cash, cash...$60,774K Canceled cashflow$28,913K something is missing-$100,990K Payments of transactioncosts-Series APreferred...$10,482K Payments of transactioncosts-Common Stock$8,528K Payment of transactioncosts related to may...$4,553K Change in fair value ofconvertible promissory...$175,648K Change in fair value ofwarrant liabilities$26,145K Stock-based compensation$4,608K Change in fair value oflong-term debt$3,028K Accrued expenses$1,201K Depreciation$712K Loss on foreigncurrency exchange rate-$381K Amortization of right-of-useassets$342K Prepaid expenses andother current assets-$166K Contract loss expenseaccrual$155K Equity-based payments tonon-employees$109K Deferred revenue$42K Net cash used inoperating activities-$27,252K Net cash used ininvesting activities-$1,661K Canceled cashflow$212,537K something is missing-$178,930K Additions of property andequipment$1,661K Net loss-$58,427K Accounts payable-$975K Contract loss provision-$738K Accounts receivable$413K Operating leaseliabilities-$230K Deposits$76K