Added to YB: 2026-06-10
Pitch date: 2026-06-07
MRLN [neutral]
Merlin, Inc.
-18.4%
current return
Author Info
No bio for this author
Company Info
Merlin, Inc., an aerospace and defense technology company, develops AI-powered autonomous flight software and systems for aircraft in the United States and New Zealand.
Market Cap
$761.6M
Pitch Price
$9.11
Price Target
N/A
Dividend
N/A
EV/EBITDA
-12.03
P/E
-0.09
EV/Sales
106.86
Sector
Aerospace and Defense
Category
growth
Merlin Labs: What if we're completely underestimating what's happening?
MRLN (overview): Aviation autonomy software firm, 2026 IPO planned. Passed CDR on C-130J for USSOCOM; expanding tests to L-39 jet, signaling system maturity. Dual military/civil (Cessna) certs build hard-to-replicate moat. ~$123M cash + $80M raise, no debt, ~$24M/qtr burn. Bull: platform-agnostic 'digital brain' across cargo, drones, patrol—TAM far bigger than market prices. Key risk: converting tech/certs into revenue/contracts.
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