MERCURY SYSTEMS INC

Listed Company

MRCYCIK 0001049521NasdaqLarge AcceleratedElectronic Components & AccessoriesMassachusettsFY ends Jun 30

Period

FY 2025

Revenue

$912.02M

Net Income

$-37.90M

Total Assets

$2.43B

Equity

$1.47B

Shares Out

60.04M

Op. Cash Flow

$138.85M

MRCY$126.25+150.05% · past yearDBEQ Basic

Daily closing prices

Business

Mercury Systems delivers mission-critical processing solutions to the aerospace and defense industry, serving over 300 programs across 35 countries. The company manufactures components, modules, subsystems, and integrated solutions for signal processing, compute, data management, display, and security. Mercury operates a dual business model combining standard products and custom solutions, serving U.S. and European defense primes, the U.S. government, and OEM commercial aerospace customers.

Summary from 10-K filed 2025-08-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net revenues	912	835	974	988	924
Cost of revenues	658	639	657	593	539
Gross margin	254	196	317	395	385
Selling, general and administrative	154	167	161	157	134
Research and development	68	101	109	107	113
Amortization of intangible assets	43	48	54	60	41
Restructuring and other charges	7	26	7	27	9
Acquisition costs and other related expenses	2	2	8	11	6
Total operating expenses	274	344	338	363	304
Loss from operations	−20	−148	−22	32	81
Interest income	4	1	1	143,000	179,000
Interest expense	−33	−35	−25	−6	−1
Other expense, net	−974,000	−8	−3	−8	−3
Loss before income taxes	−50	−189	−49	18	77
Income tax benefit	−13	−52	−20	7	15
Net loss	−38	−138	−28	11	62
Basic net (loss) earnings per share (in dollars per share)	−0.65	−2.38	−0.5	0.2	1.13
Diluted net (loss) earnings per share (in dollars per share)	−0.65	−2.38	−0.5	0.2	1.12
Basic (in shares)	59	58	57	56	55
Diluted (in shares)	59	58	57	56	55
Change in fair value of derivative instruments, net of tax	−5	−833,000	6	0	0
Foreign currency translation adjustments, net of tax	−20,000	380,000	300,000	1	−739,000
Deferred compensation and pension benefit plan, net of tax	−2	−1	142,000	5	3
Total other comprehensive (loss) income, net of tax	−6	−2	6	6	3
Total comprehensive loss	−44	−139	−22	17	65

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-09-30	FY 2023 2023-06-30	FY 2022 2022-09-30
Cash and cash equivalents	309	181	—	72	—
Accounts receivable, net of allowance for credit losses of $1,767 and $2,020 at June 27, 2025 and June 28, 2024, respectively	110	111	—	125	—
Unbilled receivables and costs in excess of billings, net of allowance for credit losses of $5,311 and $6,340 at June 27, 2025 and June 28, 2024, respectively	278	304	—	383	—
Inventory	333	335	—	337	—
Prepaid income taxes	457,000	0	—	0	—
Prepaid expenses and other current assets	28	22	—	21	—
Total current assets	1,058	954	—	937	—
Property and equipment, net	101	110	—	120	—
Goodwill	938	938	—	938	—
Intangible assets, net	211	251	—	298	—
Operating lease right-of-use assets, net	52	61	—	63	—
Deferred tax assets	69	59	—	27	—
Other non-current assets	5	7	—	9	—
Total assets	2,435	2,379	—	2,391	—
Accounts payable	79	81	—	104	—
Accrued expenses	43	43	—	28	—
Accrued compensation	51	36	—	30	—
Income taxes payable	0	109,000	—	14	—
Deferred revenues and customer advances	127	74	—	57	—
Total current liabilities	300	234	—	233	—
Income taxes payable	4	8	—	5	—
Long-term debt	592	592	577	512	512
Operating lease liabilities	53	63	—	67	—
Other non-current liabilities	13	10	—	8	—
Total liabilities	961	906	—	825	—
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding	0	0	—	0	—
Common stock, $0.01 par value; 85,000,000 shares authorized; 59,003,174 and 58,093,528 shares issued and outstanding at June 27, 2025 and June 28, 2024, respectively	590,000	581,000	—	570,000	—
Additional paid-in capital	1,287	1,242	—	1,197	—
Retained earnings	182	220	—	357	—
Accumulated other comprehensive income	3	10	—	12	—
Total shareholders equity	1,473	1,473	—	1,567	—
Total liabilities and shareholders equity	2,435	2,379	—	2,391	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization expense	82	88	97	93	67
Stock-based compensation expense	25	26	28	38	28
Stock-based matching contributions on defined contribution plan	15	16	16	0	0
Benefit for deferred income taxes	−11	−32	−60	−2	−1
Cash settlement for termination of interest rate swap	0	7	6	0	0
Provisions for bad debt	876,000	15	400,000	106,000	—
Other non-cash items	−4	452,000	−1	−603,000	4
Accounts receivable, unbilled receivables, and costs in excess of billings	30	76	−59	−146	−52
Inventory	−17	130,000	−64	−41	−27
Prepaid income taxes	−575,000	0	7	−5	2
Prepaid expenses and other current assets	6	−2	3	−4	2
Other non-current assets	8	148,000	4	6	5
Accounts payable, accrued expenses and accrued compensation	8	741,000	−17	58	−6
Deferred revenues and customer advances	50	17	41	−19	14
Income taxes payable	−4	−11	10	1	4
Other non-current liabilities	−12	−5	−5	−9	−4
Net cash provided by (used in) operating activities	139	60	−21	−19	97
Purchases of property and equipment	−20	−34	−39	−28	−46
Acquisition of businesses, net of cash acquired	−5	0	0	243	−373
Proceeds from sale of manufacturing operations to Cicor Group	6	0	0	—	—
Other investing activities	5	0	235,000	−3	2
Net cash used in investing activities	−14	−34	−39	−274	−417
Proceeds from employee stock plans	4	5	5	5	6
Payments for retirement of common stock	0	−31,000	−63,000	−8	−66,000
Payments under credit facilities	0	−25	−80	0	0
Borrowings under credit facilities	0	105	140	252	200
Payments of deferred financing and offering costs	−2	−2	0	−3	0
Net cash provided by financing activities	1	83	65	246	206
Effect of exchange rate changes on cash and cash equivalents	2	187,000	295,000	−750,000	412,000
Net increase in cash and cash equivalents	129	109	6	−48	−113
Interest	37	37	27	5	1
Income taxes paid (refunded), net	365,000	−9	24	14	9
Non-cash investing activity: Purchases of property and equipment incurred but not yet paid	4	4	6	—	—
Non-cash investing activity: Inventory transfer to property and equipment, net	13	0	0	—	—

Filings

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Frequently asked questions

What is MERCURY SYSTEMS INC's CIK number?

MERCURY SYSTEMS INC's SEC CIK number is 0001049521 (1049521). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find MERCURY SYSTEMS INC's SEC filings?

All of MERCURY SYSTEMS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did MERCURY SYSTEMS INC last report earnings?

MERCURY SYSTEMS INC (MRCY) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001049521-26-000021). This is MERCURY SYSTEMS INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is MERCURY SYSTEMS INC's most recent earnings 8-K?

MERCURY SYSTEMS INC's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001049521-26-000021. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View MERCURY SYSTEMS INC's latest earnings 8-K →
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