Merlin, Inc. (MRLN) - Net Assets
Based on the latest financial reports, Merlin, Inc. (MRLN) has net assets worth $-531.41 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($87.81 Million) and total liabilities ($619.23 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash flow conversion of Merlin, Inc. to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-531.41 Million |
| % of Total Assets | -605.17% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Merlin, Inc. - Net Assets Trend (2023–2024)
This chart illustrates how Merlin, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Merlin, Inc. asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Merlin, Inc. (2023–2024)
The table below shows the annual net assets of Merlin, Inc. from 2023 to 2024. For live valuation and market cap data, see Merlin, Inc. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-131.52 Million | -68.46% |
| 2023-12-31 | $-78.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Merlin, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5525300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $4.01 Million | % |
| Total Equity | $-131.52 Million | 100.00% |
Merlin, Inc. Competitors by Market Cap
The table below lists competitors of Merlin, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PWR Holdings Ltd
AU:PWH
|
$658.97 Million |
|
Smartgen (Zhengzhou) Technology Co. Ltd. A
SHE:301361
|
$658.98 Million |
|
Tilray Inc
NASDAQ:TLRY
|
$659.02 Million |
|
Korea SPAC 3
KQ:222080
|
$659.02 Million |
|
Utz Brands Inc
NYSE:UTZ
|
$658.81 Million |
|
Shenzhen Soling Industrial Co Ltd
SHE:002766
|
$658.69 Million |
|
AGF Management Limited
F:A3J
|
$657.84 Million |
|
Xingye Leather Technology Co Ltd
SHE:002674
|
$657.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Merlin, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -78,074,000 to -131,522,000, a change of -53,448,000.
- Net loss of 55,253,000 reduced equity.
- Other factors increased equity by 1,805,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-55.25 Million | -42.01% |
| Other Changes | $1.80 Million | +1.37% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Merlin, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Insufficient data available to analyze book value vs market value.
Capital Efficiency Dashboard
This dashboard shows how efficiently Merlin, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4495.77%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 0.00% | -3635.39% | 0.02x | 0.00x | $-28.66 Million |
| 2024 | 0.00% | -4495.77% | 0.02x | 0.00x | $-42.10 Million |
Industry Comparison
This section compares Merlin, Inc.'s net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,162,759,843
- Average return on equity (ROE) among peers: -28.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Merlin, Inc. (MRLN) | $-531.41 Million | 0.00% | N/A | $658.94 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $4.97 Billion |
| AAR Corp (AIR) | $1.21 Billion | 1.03% | 1.35x | $4.49 Billion |
| Air Industries Group (AIRI) | $5.60 Million | -295.31% | 6.02x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $199.90 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $2.98 Billion | -1.86% | 1.12x | $2.77 Billion |
| Astronics Corporation (ATRO) | $256.60 Million | -9.97% | 1.37x | $2.42 Billion |
| AeroVironment Inc (AVAV) | $886.51 Million | 4.92% | 0.26x | $8.52 Billion |
| AEVEX Corp. (AVEX) | $164.27 Million | 47.82% | 2.39x | $1.24 Billion |
| Axon Enterprise Inc. (AXON) | $5.53 Million | 9.32% | 0.46x | $31.54 Billion |
| The Boeing Company (BA) | $4.83 Billion | 13.78% | 1.29x | $176.82 Billion |
About Merlin, Inc.
Merlin, Inc. develops AI-powered autonomous flight software and systems for aircraft. The company provides an aircraft-agnostic, AI-powered software platform that enables autonomous flight for both legacy and next-generation airborne systems. Its main product, the Merlin Pilot, is an integrated hardware and software solution that manages navigation, communication with air traffic control, obstacl… Read more