Merlin (MRLN) Operating Expenses (2025 - 2026)
Merlin's (MRLN) quarterly Operating Expenses came in at $28.8 million in Q1 2026, up 149.39% YoY from $11.6 million in Q1 2025, and up 4373.56% on a QoQ basis from $644341.0 in Q4 2025.
Merlin (MRLN) Operating Expenses (2025 - 2026) Analysis & Trends
Merlin (MRLN) has 2 years of Operating Expenses data on file, last reported at $28.8 million in Q1 2026.
- Quarterly Operating Expenses rose 149.39% year-over-year to $28.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $32.4 million (changed N/A YoY) and the FY2025 annual result came in at $3.9 million, up 1435.85% from the prior year.
- Operating Expenses grew to $28.8 million in Q1 2026, from $644341.0 in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $28.8 million in Q1 2026 to a low of $357772.0 in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | 332.00 Mn |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | 848.00 Mn |
| 10 | Merlin | 309.08 Mn | 309.08 Mn | -119,000.00 | 33.42 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 | 11.56 Mn |