Merlin, Inc. reported financial results for the second quarter ended June 30, 2026, showing total revenue of $2.2 million compared to $1.0 million in the prior quarter. The company posted a GAAP net loss of $(58.4) million, an improvement from the $(90.4) million loss in Q1 2026, while Adjusted EBITDA widened to a loss of $(27.8) million from $(23.3) million previously. Cash, cash equivalents, and short-term investments increased to $183.9 million at quarter-end. Operational highlights include completing the Critical Design Review for the USSOCOM C-130J autonomy program, executing a fully autonomous landing at EAA AirVenture Oshkosh, signing an MOU with Israel Aerospace Industries, and achieving Stage of Involvement 3 certification with New Zealand's Civil Aviation Authority. Merlin operates in the aerospace and defense technology sector, developing autonomous flight operating systems.