Merlin (MRLN) Operating Expenses (2025 - 2026)
Merlin (MRLN) posted Operating Expenses of $33.42 million for Q2 2026, up 202.5% from $11.05 million a year earlier and up 15.9% from the prior quarter.
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Analysis
Merlin (MRLN) Operating Expenses (2025 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Merlin was $65.5 million; for FY2025, it came in at $3.86 million.
- In prior years, Merlin's Operating Expenses was $251,144 in FY2024.
- According to Business Quant data, Operating Expenses for the three prior quarters was $28.83 million (Q1 2026), $644,341 (Q4 2025) and $2.62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 178.19 Bn | 124.32 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 137.10 Bn | -420.90 Bn | - | 149.76 Mn |
| 3 | Blackstone | 87.94 Bn | 77.92 Bn | - | 2.38 Bn |
| 4 | Brookfield | 84.29 Bn | -99.03 Bn | - | 14.94 Bn |
| 5 | Kkr | 80.45 Bn | 600.79 Mn | - | 5.41 Bn |
| 6 | Brookfield Asset Management | 73.60 Bn | 68.41 Bn | - | 659.00 Mn |
| 7 | Apollo Global Management | 66.12 Bn | -16.68 Bn | 10.56 Bn | 8.74 Bn |
| 8 | Wheaton Precious Metals | 59.86 Bn | 55.29 Bn | 687.86 Mn | 133.83 Mn |
| 9 | Franco Nevada | 46.95 Bn | 44.31 Bn | 451.00 Mn | 5.30 Mn |
| 10 | Merlin | 90.42 Mn | -279.84 Mn | -119,000.00 | 33.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.42 Mn |
| Mar 31, 2026 | 28.83 Mn |
| Dec 31, 2025 | 644,341.00 |
| Sep 30, 2025 | 2.62 Mn |
| Jun 30, 2025 | 11.05 Mn |
| Mar 31, 2025 | 11.56 Mn |
API Access
Merlin Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MRLN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MRLN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MRLN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();