The film 'Merrily We Roll Along, 2025' does not appear to feature any identifiable LGBTQ+ characters or themes based on the available information. The narrative focuses on the reverse-chronological story of three friends and their evolving relationships, ambitions, and personal choices, without any explicit LGBTQ+ content mentioned.

The film Merrily We Roll Along (2025) does not depict transsexual characters, themes of gender/sex reassignment, or a transsexual community. All available information, including plot synopses and character descriptions, indicates an absence of such portrayals. For example, the central narrative revolves around three friends and their heterosexual relationships and career paths, with no mention of transsexual identities or storylines.

The movie does not contain any action or adventure elements.

The film's characters, including Franklin Shepard, Charley Kringas, and Mary Flynn, maintain the same genders as established in the original source material and prior adaptations, with no on-screen gender changes.

The provided information states that no characters in the source material (original play or musical) had a canonically established race or specific phenotypical traits. Without a prior established race, a race swap cannot be identified.