Merlin (MRLN) Invested Capital (2024 - 2026)

Merlin has reported Invested Capital for 3 years, with the latest figure at -$139.1 million in Q1 2026.

• For the quarter ending Q1 2026, Invested Capital fell 960.64% year-over-year to -$139.1 million; the trailing twelve-month figure through Mar 2026 stood at -$139.1 million (down 960.64% YoY), and the FY2025 full-year result was -$54.3 million, down 5896.36% from the prior year.
• Invested Capital for Q1 2026 stood at -$139.1 million, down from -$54.3 million in the prior quarter.
• The five-year high for Invested Capital was -$906000.0 in Q4 2024, with the low at -$139.1 million in Q1 2026.
• Historically, Invested Capital has averaged -$37.7 million across 3 years, with a median of -$11.8 million in 2025.
• Annual changes were most pronounced in 2025 — Invested Capital sank 5896.36% — and 2026, when it sank 960.64%.
• Merlin's Invested Capital stood at -$906000.0 in 2024, then slumped by 5896.36% to -$54.3 million in 2025, then tumbled by 156.07% to -$139.1 million in 2026.
• The last three Invested Capital figures came in at -$139.1 million (Q1 2026), -$54.3 million (Q4 2025), and -$10.5 million (Q3 2025), per Business Quant data.