Merlin Reports $3.5 Million in Q3 Revenue and $73.8 Million Net Income

Merlin reported third-quarter 2026 revenue of $3.5 million and GAAP net income of $73.8 million, compared with a net loss in the prior-year quarter. Adjusted EBITDA was a loss of $24.1 million. The company ended September with $161.6 million in cash, cash equivalents and short-term investments and…