Merlin (MRLN) Operating Expenses (2025 - 2026)
Merlin (MRLN) posted Operating Expenses of $28.8 million for Q1 2026, up 4373.56% on a QoQ basis from $644341.0 in Q4 2025, and up 149.39% year-over-year from $11.6 million in Q1 2025.
Merlin (MRLN) Operating Expenses (2025 - 2026) Analysis & Trends
Merlin's Operating Expenses history runs 2 years deep, the most recent figure standing at $28.8 million for 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 was $28.8 million for Q1 2026 at Merlin, 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 373.58 Bn | 364.24 Bn | -3.10 Bn | 10.86 Bn |
| 2 | Rtx | 296.09 Bn | 287.78 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 167.20 Bn | 146.30 Bn | 2.55 Bn | 2.10 Bn |
| 4 | Lockheed Martin | 134.09 Bn | 130.30 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 114.33 Bn | 111.90 Bn | 854.00 Mn | 27.00 Mn |
| 6 | General Dynamics | 105.34 Bn | 101.64 Bn | 9.09 Bn | 12.06 Bn |
| 7 | Northrop Grumman | 78.05 Bn | 75.74 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 74.44 Bn | 70.56 Bn | 1.51 Bn | 273.00 Mn |
| 9 | L3Harris Technologies | 56.81 Bn | 56.22 Bn | 1.40 Bn | 750.00 Mn |
| 10 | Merlin | 263.61 Mn | 263.61 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 | 11.56 Mn |