Merlin (MRLN) Operating Expenses (2025 - 2026)
Merlin (MRLN) reported Operating Expenses of $28.8 million for Q1 2026, up 149.39% on a YoY basis from $11.6 million in Q1 2025, and up 4373.56% quarter-over-quarter from $644341.0 in Q4 2025.
Merlin (MRLN) Operating Expenses (2025 - 2026) Analysis & Trends
Merlin has reported Operating Expenses for 2 years, with the latest figure 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.
- The five-year high for Operating Expenses was $28.8 million in Q1 2026, with the low at $357772.0 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 4,964.60 Bn | 4,964.60 Bn | 456,459.43 | 1.85 Mn |
| 2 | General Electric | 375.02 Bn | 364.28 Bn | 9.11 Bn | 10.18 Bn |
| 3 | Rtx | 251.10 Bn | 246.00 Bn | 9.08 Bn | 19.59 Bn |
| 4 | Boeing | 176.15 Bn | 155.24 Bn | 2.55 Bn | 2.10 Bn |
| 5 | Lockheed Martin | 117.75 Bn | 115.86 Bn | 2.08 Bn | - |
| 6 | Howmet Aerospace | 111.79 Bn | 109.36 Bn | 854.00 Mn | 120.00 Mn |
| 7 | Embraer | 94.69 Bn | 92.06 Bn | - | - |
| 8 | General Dynamics | 94.57 Bn | 90.92 Bn | 9.09 Bn | 12.06 Bn |
| 9 | TransDigm | 77.14 Bn | 73.27 Bn | 1.51 Bn | 273.00 Mn |
| 10 | Merlin | 484.14 Mn | 484.14 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 |