Mercury Systems Inc (MRCY) financial statements: income statement, balance sheet and cash flow
Mercury Systems Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jul 3, 2026 · FY), Mercury Systems Inc reported revenue of $983.6M (+7.9% year on year) and net income of ($29.7M) (+21.7% year on year).
Income statement
Mercury Systems Inc income statement, fiscal years
Line item
Jul 3, 2026 · FY
Jun 27, 2025 · FY
Jun 28, 2024 · FY
Jun 30, 2023 · FY
Net revenues
$983.6M
$912.0M
$835.3M
$973.9M
Cost of revenues
$702.5M
$657.5M
$639.4M
$657.2M
Gross margin
$281.2M
$254.5M
$195.9M
$316.7M
Selling, general and administrative
$175.0M
$154.4M
$166.8M
$160.6M
Research and development
$59.7M
$67.6M
$101.3M
$108.8M
Amortization of intangible assets
$38.9M
$42.8M
$47.7M
$53.6M
Restructuring and other charges
$5.9M
$7.2M
$26.2M
$7.0M
Acquisition costs and other related expenses
$1.3M
$2.0M
$1.7M
$8.4M
Total operating expenses
$280.9M
$274.1M
$343.7M
$338.4M
Income (loss) from operations
$280.0K
($19.6M)
($147.8M)
($21.7M)
Interest income
$7.7M
$3.6M
$1.2M
$1.1M
Interest expense
($29.6M)
($33.4M)
($35.0M)
($25.2M)
Other expense, net
($7.3M)
($974.0K)
($7.7M)
($2.8M)
Loss before income taxes
($28.9M)
($50.4M)
($189.3M)
($48.5M)
Income tax expense (benefit)
$784.0K
($12.5M)
($51.6M)
($20.2M)
Basic net (loss) earnings per share (in dollars per share)
-$0.50
-$0.65
-$2.38
-$0.50
Diluted net (loss) earnings per share (in dollars per share)
-$0.50
-$0.65
-$2.38
-$0.50
Basic (in shares)
59.5M
58.7M
57.7M
56.6M
Diluted (in shares)
59.5M
58.7M
57.7M
56.6M
Net loss
($29.7M)
($37.9M)
($137.6M)
($28.3M)
Change in fair value of derivative instruments, net of tax
$134.0K
($4.7M)
($833.0K)
$5.9M
Foreign currency translation adjustments, net of tax
$8.6M
($20.0K)
$380.0K
$300.0K
Deferred compensation and pension benefit plan, net of tax
($984.0K)
($1.8M)
($1.4M)
$142.0K
Total other comprehensive income (loss), net of tax
$7.7M
($6.5M)
($1.8M)
$6.3M
Total comprehensive loss
($21.9M)
($44.4M)
($139.5M)
($22.0M)
Mercury Systems Inc income statement, quarters
Line item
Mar 27, 2026 · Q3
Dec 26, 2025 · Q2
Sep 26, 2025 · Q1
Mar 28, 2025 · Q3
Net revenues
$235.8M
$232.9M
$225.2M
$211.4M
Cost of revenues
$166.7M
$172.2M
$162.3M
$154.2M
Gross margin
$69.0M
$60.6M
$62.9M
$57.1M
Selling, general and administrative
$39.1M
$42.1M
$45.9M
$43.0M
Research and development
$15.0M
$15.4M
$13.2M
$16.0M
Amortization of intangible assets
$9.6M
$9.7M
$10.3M
$10.2M
Restructuring and other charges
($48.0K)
$4.1M
$1.6M
$4.9M
Acquisition costs and other related expenses
$155.0K
$182.0K
$563.0K
$311.0K
Total operating expenses
$63.8M
$71.5M
$71.5M
$74.5M
Income (loss) from operations
$5.2M
($10.8M)
($8.6M)
($17.3M)
Interest income
$2.5M
$1.6M
$2.0M
$1.3M
Interest expense
($7.3M)
($7.8M)
($7.9M)
($8.1M)
Other (expense) income, net
($3.1M)
($440.0K)
($2.1M)
$2.3M
Loss before income tax provision (benefit)
($2.7M)
($17.5M)
($16.5M)
($21.8M)
Income tax provision (benefit)
$174.0K
($2.4M)
($4.0M)
($2.6M)
Basic net loss per share (in dollars per share)
-$0.04
-$0.26
-$0.21
-$0.33
Diluted net loss per share (in dollars per share)
-$0.04
-$0.26
-$0.21
-$0.33
Basic (in shares)
59.4M
59.4M
59.2M
58.7M
Diluted (in shares)
59.4M
59.4M
59.2M
58.7M
Net loss
($2.9M)
($15.1M)
($12.5M)
($19.2M)
Change in fair value of derivative instruments, net of tax
$784.0K
($411.0K)
($256.0K)
($1.9M)
Foreign currency translation adjustments
$7.2M
($103.0K)
$437.0K
($256.0K)
Deferred compensation and pension benefit plan, net of tax
($228.0K)
($35.0K)
($41.0K)
($79.0K)
Total other comprehensive income (loss), net of tax
$7.8M
($549.0K)
$140.0K
($2.2M)
Total comprehensive income (loss)
$4.9M
($15.6M)
($12.4M)
($21.4M)
Balance sheet
Mercury Systems Inc balance sheet, fiscal years
Line item
Jul 3, 2026 · FY
Jun 27, 2025 · FY
Jun 28, 2024 · FY
Jun 30, 2023 · FY
Cash and cash equivalents
$214.3M
$309.1M
$180.5M
$71.6M
Accounts receivable, net of allowance for credit losses of $162 and $1,767 at July 3, 2026 and June 27, 2025, respectively
$69.2M
$109.6M
$111.4M
$124.7M
Unbilled receivables and costs in excess of billings, net of allowance for credit losses of $5,311 for both July 3, 2026 and June 27, 2025
$285.8M
$278.5M
$304.0M
$382.6M
Inventory
$367.0M
$332.9M
$335.3M
$337.2M
Prepaid income taxes
$2.3M
$457.0K
—
$0
Prepaid expenses and other current assets
$34.9M
$27.6M
$22.5M
$21.0M
Total current assets
$973.4M
$1.1B
$953.8M
$937.0M
Property and equipment, net
$108.4M
$101.4M
$110.4M
$119.6M
Goodwill
$942.4M
$938.1M
$938.1M
$938.1M
Intangible assets, net
$175.8M
$210.6M
$250.5M
$298.1M
Operating lease right-of-use assets, net
$47.7M
$52.3M
$60.9M
$63.0M
Deferred tax assets
$67.2M
$69.0M
$58.6M
$27.1M
Other non-current assets
$7.8M
$5.2M
$6.7M
$8.5M
Total assets
$2.3B
$2.4B
$2.4B
$2.4B
Accounts payable
$91.0M
$79.1M
$81.1M
$104.0M
Accrued expenses
$33.0M
$43.1M
$42.9M
$28.4M
Due to factoring facility
$391.0K
—
—
—
Accrued compensation
$54.5M
$51.3M
$36.4M
$30.4M
Deferred revenues and customer advances
$149.6M
$126.8M
$73.9M
$56.6M
Total current liabilities
$328.5M
$300.4M
$234.4M
$233.3M
Income taxes payable
$3.5M
$0
$109.0K
$5.2M
Long-term debt
$441.5M
$591.5M
$591.5M
$511.5M
Operating lease liabilities
$45.8M
$52.7M
$62.6M
$66.8M
Other non-current liabilities
$6.0M
$12.6M
$9.9M
$8.0M
Total liabilities
$825.3M
$961.3M
$906.1M
$824.7M
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding
0
0
0
0
Common stock, $0.01 par value; 85,000,000 shares authorized; 59,600,732 and 59,003,174 shares issued and outstanding at July 3, 2026 and June 27, 2025, respectively
596.0K
590.0K
581.0K
570.0K
Additional paid-in capital
$1.3B
$1.3B
$1.2B
$1.2B
Retained earnings
$152.2M
$181.9M
$219.8M
$357.4M
Accumulated other comprehensive income
$11.2M
$3.5M
$10.0M
$11.8M
Total shareholders’ equity
$1.5B
$1.5B
$1.5B
$1.6B
Total liabilities and shareholders’ equity
$2.3B
$2.4B
$2.4B
$2.4B
Mercury Systems Inc balance sheet, quarters
Line item
Mar 27, 2026
Dec 26, 2025
Sep 26, 2025
Mar 28, 2025
Cash and cash equivalents
$331.8M
$335.0M
$304.7M
$269.8M
Accounts receivable, net of allowance for credit losses of $112 and $1,767 at March 27, 2026 and June 27, 2025, respectively
$95.5M
$105.8M
$92.6M
$103.4M
Unbilled receivables and costs in excess of billings, net of allowance for credit losses of $5,311 for both March 27, 2026 and June 27, 2025
$269.5M
$273.9M
$274.8M
$271.3M
Inventory
$361.7M
$349.6M
$340.2M
$352.7M
Prepaid income taxes
$1.3M
$1.2M
$1.4M
$3.0M
Prepaid expenses and other current assets
$56.9M
$66.5M
$70.8M
$19.3M
Total current assets
$1.1B
$1.1B
$1.1B
$1.0B
Property and equipment, net
$102.6M
$102.0M
$102.6M
$107.5M
Goodwill
$942.6M
$938.1M
$938.1M
$938.1M
Intangible assets, net
$185.2M
$193.2M
$200.4M
$216.0M
Operating lease right-of-use assets, net
$50.1M
$52.0M
$53.9M
$54.6M
Deferred tax assets
$76.0M
$76.4M
$72.9M
$72.6M
Other non-current assets
$8.1M
$8.2M
$5.1M
$6.2M
Total assets
$2.5B
$2.5B
$2.5B
$2.4B
Accounts payable
$104.1M
$106.2M
$97.8M
$73.6M
Accrued expenses
$69.1M
$72.4M
$75.3M
$45.4M
Due to factoring facility
$14.1M
$32.3M
—
—
Accrued compensation
$37.0M
$35.3M
$23.5M
$35.1M
Deferred revenues and customer advances
$126.3M
$136.9M
$125.5M
$142.5M
Total current liabilities
$350.5M
$383.0M
$322.2M
$296.6M
Income taxes payable
$4.0M
$4.0M
$4.0M
$0
Long-term debt
$591.5M
$591.5M
$591.5M
$591.5M
Operating lease liabilities
$48.3M
$51.0M
$53.6M
$55.3M
Other non-current liabilities
$9.2M
$12.6M
$11.2M
$12.2M
Total liabilities
$1.0B
$1.0B
$982.6M
$963.3M
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding
0
0
0
0
Common stock, $0.01 par value; 85,000,000 shares authorized; 59,498,806 and 59,003,174 shares issued and outstanding at March 27, 2026 and June 27, 2025, respectively
595.0K
594.0K
594.0K
589.0K
Additional paid-in capital
$1.3B
$1.3B
$1.3B
$1.3B
Retained earnings
$151.4M
$154.3M
$169.4M
$165.5M
Accumulated other comprehensive income
$10.9M
$3.1M
$3.6M
$5.9M
Total shareholders’ equity
$1.5B
$1.5B
$1.5B
$1.5B
Total liabilities and shareholders’ equity
$2.5B
$2.5B
$2.5B
$2.4B
Cash flow statement
Mercury Systems Inc cash flow statement, fiscal years
Line item
Jul 3, 2026 · FY
Jun 27, 2025 · FY
Jun 28, 2024 · FY
Jun 30, 2023 · FY
Net loss
($29.7M)
($37.9M)
($137.6M)
($28.3M)
Depreciation and amortization expense
$72.7M
$82.0M
$88.0M
$97.3M
Stock-based compensation expense
$41.1M
$25.0M
$25.7M
$27.8M
Stock-based matching contributions on defined contribution plan
$19.2M
$14.9M
$15.9M
$15.7M
Provision (benefit) for deferred income taxes
$1.8M
($10.6M)
($31.5M)
($59.6M)
Cash settlement for termination of interest rate swap
$0
$0
$7.4M
$6.0M
Provisions for bad debt
$20.0K
$876.0K
$15.3M
—
Other non-cash items
($831.0K)
($3.6M)
$452.0K
($746.0K)
Accounts receivable, unbilled receivables, and costs in excess of billings
$32.7M
$29.9M
$76.5M
($58.7M)
Inventory
($44.5M)
($17.1M)
$130.0K
($64.1M)
Prepaid income taxes
($1.8M)
($575.0K)
$0
$7.4M
Prepaid expenses and other current assets
($6.7M)
$5.5M
($1.7M)
$2.9M
Other non-current assets
$2.1M
$8.2M
$148.0K
$3.8M
Accounts payable, accrued expenses, accrued compensation, and due to factoring
$3.8M
$8.1M
$741.0K
($16.7M)
Deferred revenues and customer advances
$23.8M
$49.9M
$17.3M
$40.7M
Income taxes payable
($554.0K)
($3.8M)
($11.2M)
$9.9M
Other non-current liabilities
($10.9M)
($12.1M)
($5.0M)
($4.5M)
Net cash provided by operating activities
$102.4M
$138.9M
$60.4M
($21.3M)
Purchases of property and equipment
($34.3M)
($19.8M)
($34.3M)
($38.8M)
Acquisition of businesses, net of cash acquired
($1.4M)
($4.5M)
$0
$0
Proceeds from sale of manufacturing operations to Cicor Group
$0
$6.2M
—
—
Other investing activities
$0
$4.6M
$0
$235.0K
Net cash used in investing activities
($35.7M)
($13.5M)
($34.3M)
($38.6M)
Proceeds from employee stock plans
$5.4M
$3.7M
$4.6M
$5.5M
Payments for retirement of common stock
($15.0M)
$0
($31.0K)
($63.0K)
Payments under credit facilities
($150.0M)
$0
($25.0M)
($80.0M)
Borrowings under credit facilities
$0
$0
$105.0M
$140.0M
Payments of deferred financing and offering costs
($3.2M)
($2.2M)
($1.9M)
$0
Net cash (used in) provided by financing activities
($162.7M)
$1.4M
$82.7M
$65.4M
Effect of exchange rate changes on cash and cash equivalents
$1.3M
$1.8M
$187.0K
$295.0K
Net (decrease) increase in cash and cash equivalents
($94.8M)
$128.6M
$109.0M
$5.9M
Cash and cash equivalents at beginning of year
$309.1M
$180.5M
$71.6M
$65.7M
Cash and cash equivalents at end of year
$214.3M
$309.1M
$180.5M
$71.6M
Interest
$32.4M
$36.6M
$37.4M
$27.3M
Income taxes paid (refunded), net
$1.2M
$365.0K
($9.3M)
$24.2M
Non-cash investing activity: Purchases of property and equipment incurred but not yet paid
$6.1M
$3.9M
$4.1M
$6.5M
Non-cash investing activity: Inventory transfer to property and equipment, net
$4.4M
$12.7M
—
—
Mercury Systems Inc cash flow statement, quarters
Line item
Mar 27, 2026 · YTD
Dec 26, 2025 · YTD
Sep 26, 2025 · Q1
Mar 28, 2025 · YTD
Net loss
($30.5M)
($27.6M)
($12.5M)
($54.3M)
Depreciation and amortization expense
$55.2M
$37.2M
$18.9M
$62.1M
Stock-based compensation expense
$29.2M
$20.2M
$9.6M
$22.6M
Stock-based matching contributions on defined contribution plan
$15.1M
$11.4M
$6.8M
$11.4M
Benefit for deferred income taxes
($7.0M)
($7.4M)
($3.9M)
($14.0M)
Provision for bad debt
($64.0K)
($36.0K)
($36.0K)
$472.0K
Other non-cash items
$155.0K
$1.0M
$288.0K
($802.0K)
Accounts receivable, unbilled receivables, and costs in excess of billings
$22.6M
$8.1M
$20.1M
$40.8M
Inventory
($36.3M)
($23.7M)
($12.1M)
($29.1M)
Prepaid income taxes
($840.0K)
($786.0K)
($933.0K)
($3.0M)
Prepaid expenses and other current assets
($20.5M)
($29.8M)
($35.3M)
$4.0M
Other non-current assets
($488.0K)
($2.3M)
($2.1M)
$5.6M
Accounts payable, accrued expenses, accrued compensation, and due to factoring
$47.4M
$67.0M
$20.9M
($5.3M)
Deferred revenues and customer advances
($6.5M)
$2.8M
($8.3M)
$67.9M
Income taxes payable
$11.0K
$5.0K
$8.0K
($118.0K)
Other non-current liabilities
($7.3M)
($2.3M)
$840.0K
($7.5M)
Net cash provided by operating activities
$60.2M
$53.8M
$2.2M
$100.8M
Acquisition of assets and businesses, net of cash acquired
($1.4M)
—
—
—
Purchases of property and equipment
($20.7M)
($12.4M)
($6.5M)
($15.7M)
Other investing activities
$0
$0
—
$4.6M
Net cash used in investing activities
($22.1M)
($12.4M)
($6.5M)
($11.1M)
Proceeds from employee stock plans
$2.7M
$2.7M
—
$1.5M
Purchase and retirement of common stock
($15.0M)
($15.0M)
—
$0
Payments of deferred financing and offering costs
($3.2M)
($3.2M)
$0
($2.2M)
Net cash used in financing activities
($15.4M)
($15.4M)
$0
($757.0K)
Effect of exchange rate changes on cash and cash equivalents
$23.0K
($23.0K)
($17.0K)
$387.0K
Net increase in cash and cash equivalents
$22.7M
$25.9M
($4.4M)
$89.3M
Cash and cash equivalents at beginning of period
$309.1M
$309.1M
$309.1M
$180.5M
Cash and cash equivalents at end of period
$331.8M
$335.0M
$304.7M
$269.8M
Interest
$24.0M
$16.6M
$8.5M
$28.1M
Income taxes paid, net
$1.4M
$1.4M
$486.0K
$265.0K
Non-cash investing activity: Purchases of property and equipment incurred but not yet paid
$5.6M
$5.0M
$3.3M
$2.7M
Non-cash investing activity: Inventory transfer to property and equipment, net