Merlin swings to Q3 2026 net income of $73.84 million from Q2 loss
MRLN•Merlin reported third-quarter 2026 net income of $73.84 million, compared with a second-quarter net loss of $58.43 million. Revenue rose 80% year over year to $3.46 million, while cash and short-term investments fell to $161.6 million.
1. Quarterly results and outlook
Merlin reported third-quarter 2026 net income of $73.84 million, compared with a second-quarter net loss of $58.43 million, and revenue rose 80% year over year to $3.46 million. Cash, cash equivalents and short-term investments fell 12% from June 30 to $161.6 million at September 30. A new $8.9 million USSOCOM task order moves the C-130J autonomy program into its integration phase. Management targets meaningfully lower operating expenses in 2027 than in 2026 and aims to fund operations into 2029 without capital raises.
