{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-056230","form_type":"8-K","ticker":"MRLN","cik":"0002028707","company_name":"Merlin, Inc.","filed_at":"2026-05-14T11:37:53+00:00","discovered_at":"2026-05-14T11:40:01.293404+00:00","generated_at":"2026-05-14T11:40:11.415308+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"confidence":"high","headline":"Merlin Q1 net loss $90.4M; introduces Condor product; automated takeoffs achieved","bullets":["Total revenue $1.0M (vs $0.9M Q1 2025); GAAP net loss $90.4M (vs $12.7M).","Adjusted EBITDA loss $23.3M (vs $10.4M Q1 2025).","Cash and short-term investments $122.8M at March 31, 2026 (vs $59.3M Dec 31, 2025); no debt.","Introduced Condor product for large multi-crew aircraft; MOU with World Star Aviation for civil cargo.","Appointed Michael Baker as CMO (Mar 31) and Mark Brunner as CRO (Apr 13)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-056230","json":"https://secwatch.observer/filing/0001213900-26-056230.json","markdown":"https://secwatch.observer/filing/0001213900-26-056230.md","text":"https://secwatch.observer/filing/0001213900-26-056230.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2028707/000121390026056230/0001213900-26-056230-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2028707/000121390026056230/ea0290556-8k_merlin.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T11:40:11.415308+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}