Merlin Q2 FY26 GAAP net loss narrows to $58.4 million; revenue more than doubled to $2.2 million vs Q1 FY26 - MRLN News | RalliesMerlin Q2 FY26 GAAP net loss narrows to $58.4 million; revenue more than doubled to $2.2 million vs Q1 FY26
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MRLN• Cash position
- Cash, cash equivalents, and short-term investments climbed to USD 183.9 million at June 30 from USD 123.1 million at March 31.
Operational milestones
- Merlin completed the USSOCOM C-130J Critical Design Review.
- The company later executed a fully autonomous landing at Oshkosh using a Cessna 208B Grand Caravan.
Q2 revenue and net loss
- Merlin posted Q2 2026 revenue of USD 2.2 million, more than doubled from Q1 2026’s USD 1 million.
- GAAP net loss narrowed to USD 58.4 million from USD 90.4 million in Q1 2026; GAAP loss per share was USD 1.4.
- Non-GAAP adjusted EBITDA loss widened to USD 27.8 million from USD 23.3 million in Q1 2026.
