Merlin (MRLN) Operating Expenses (2025 - 2026)
Merlin posted quarterly Operating Expenses of $28.8 million for Q1 2026, up 149.39% year-on-year from $11.6 million in Q1 2025, and up 4373.56% on a QoQ basis from $644341.0 in Q4 2025.
Merlin (MRLN) has 2 years of Operating Expenses data on file, last reported at $28.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 149.39% year-over-year to $28.8 million; the trailing twelve-month figure through Mar 2026 stood at $32.4 million (changed N/A YoY), and the FY2025 full-year result was $3.9 million, up 1435.85% from the prior year.
- Operating Expenses for Q1 2026 stood at $28.8 million, up from $644341.0 in the prior quarter.
- Across five years, Operating Expenses topped out at $28.8 million in Q1 2026 and bottomed at $357772.0 in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 338.65 Bn | 327.91 Bn | 9.11 Bn | 10.18 Bn |
| 2 | Rtx | 242.18 Bn | 237.08 Bn | 9.08 Bn | 19.59 Bn |
| 3 | Boeing | 182.15 Bn | 161.24 Bn | 2.55 Bn | 2.10 Bn |
| 4 | Lockheed Martin | 121.95 Bn | 120.06 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 103.56 Bn | 101.12 Bn | 854.00 Mn | 120.00 Mn |
| 6 | General Dynamics | 93.70 Bn | 90.05 Bn | 9.09 Bn | 12.06 Bn |
| 7 | Embraer | 89.60 Bn | 86.98 Bn | - | - |
| 8 | Rocket Lab | 86.87 Bn | 85.59 Bn | 76.49 Mn | 132.46 Mn |
| 9 | Northrop Grumman | 80.10 Bn | 78.01 Bn | 3.45 Bn | 8.89 Bn |
| 10 | Merlin | 582.99 Mn | 582.99 Mn | 1.81 Mn | 28.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.83 Mn |
| Dec 31, 2025 | 644,341.00 |
| Sep 30, 2025 | 2.62 Mn |
| Jun 30, 2025 | 357,772.00 |
| Mar 31, 2025 | 239,268.00 |