Added to YB: 2026-08-03
Pitch date: 2026-07-30
MRLN [bullish]
Merlin, Inc.
+0.27%
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
$359.1M
Pitch Price
$3.76
Price Target
350.00 (+9309%)
Dividend
N/A
EV/EBITDA
-6.14
P/E
-0.04
EV/Sales
54.49
Sector
Aerospace and Defense
Category
growth
Icarus' Rolls-Royce - $MRLN
MRLN: Autonomous aviation software (takeoff-to-touchdown) for legacy airframes. ~$100mn C-130J deal w/ US SpecOps; primes NG, Honeywell, GE partners. FY26 rev guide $32mn (~10x fwd P/S), ~$3bn pipeline, $276bn TAM. Stock fell $17→$3 on weak Q1 ($1mn rev, $30mn burn). $183mn cash, no debt, ~1.5yr runway. Hairy SPAC/PIPE equity, warrants reset at $5 floor (~1.5x float). Crossroads bull case $350/sh (100x) on $1.6bn ARR. Catalysts: Q2 Aug, C-130J testing, Golden Dome/DAWG awards.
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