Merlin, Inc.

NasdaqGM:MRLN Stock Report

Market Cap: US$855.3m

Merlin Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Matt George

Chief executive officer

US$390.9k

Total compensation

CEO salary percentage63.95%
CEO tenureless than a year
CEO ownership11.5%
Management average tenureless than a year
Board average tenureno data

Recent management updates

Recent updates

Seeking Alpha Apr 06

Merlin: Evolutionary Flight Autonomy, Not AI Hype

Summary Merlin targets aerospace autonomy with its Merlin Pilot, blending AI and hardware for scalable, certifiable flight solutions. MRLN’s dual military-commercial strategy and focus on air traffic communication autonomy differentiate it from peers and enhance contract potential. Valuation analysis suggests MRLN is fairly valued near $8.27, with 2%-3% upside, supporting a hold or speculative long-term buy stance. Key risks include engineering and certification hurdles before commercial scalability, but strong contracting relationships and real-world testing are positives. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Matt George's remuneration changed compared to Merlin's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025US$391kUS$250k

-US$420m

Compensation vs Market: Matt's total compensation ($USD390.93K) is below average for companies of similar size in the US market ($USD3.75M).

Compensation vs Earnings: Insufficient data to compare Matt's compensation with company performance.


CEO

Matt George (34 yo)

less than a year
Tenure
US$390,932
Compensation

Mr. Matthew George, also known as Matt, is of Founder of Merlin, Inc. and serves as its President, Chief Executive Officer, Chairman of the Board since March 2026 and served as its Treasurer and Secretary....


Leadership Team

NamePositionTenureCompensationOwnership
Matthew George
Founderless than a yearUS$390.93k11.51%
$ 98.4m
Ryan Carrithers
CFO & Treasurerless than a yearUS$219.44kno data
Timothy Burns
Chief Technology Officerno datano datano data
Leslie Ravestein
Chief Legal Officer & Secretaryless than a yearno datano data
Michael Baker
Chief Marketing Officerless than a yearno datano data
David Lasater
Chief People Officerless than a yearno datano data
Nadja Adilovic
Chief of Staffno datano datano data
Krishnan Anand
Chief Program Officerno datano datano data
Pablo González
Senior Vice President of Engineeringless than a yearno datano data
Mark Brunner
Chief Revenue Officerless than a yearno datano data
Grant Crenfeldt
CEO of Merlin New Zealandno datano datano data
Austin Pugh
Vice President of Business Developmentno datano datano data
0.5yrs
Average Tenure
45yo
Average Age

Experienced Management: MRLN's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/18 02:50
End of Day Share Price 2026/05/18 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Merlin, Inc. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Suji DesilvaRoth Capital Partners