Mercury Systems financials
$82.64+3.15%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q4 '26 Jul 3 | Q3 '26 Mar 27 | Q2 '26 Dec 26 | Q1 '26 Sep 26 | Q4 '25 Jun 27 | Q3 '25 Mar 28 | Q2 '25 Dec 27 | Q1 '25 Sep 27 | Q4 '24 Jun 28 | Q3 '24 Mar 29 | Q2 '24 Dec 29 | Q1 '24 Sep 29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $289.8M | $235.8M | $232.9M | $225.2M | $273.1M | $211.4M | $223.1M | $204.4M | $248.6M | $208.3M | $197.5M | $181.0M |
| Gross profit | $88.6M | $69.0M | $60.6M | $62.9M | $84.8M | $57.1M | $60.8M | $51.8M | $73.2M | $40.6M | $31.5M | $50.5M |
| Gross margin | 30.6% | 29.3% | 26.0% | 27.9% | 31.0% | 27.0% | 27.3% | 25.3% | 29.5% | 19.5% | 16.0% | 27.9% |
| Operating income | $14.5M | $5.2M | -$10.8M | -$8.6M | $23.6M | -$17.3M | -$12.4M | -$13.4M | -$8.0M | -$45.7M | -$53.7M | -$39.2M |
| Net income | $798.0K | -$2.9M | -$15.1M | -$12.5M | $16.4M | -$19.2M | -$17.6M | -$17.5M | -$10.8M | -$44.6M | -$45.6M | -$36.7M |
| Net margin | 0.3% | −1.2% | −6.5% | −5.6% | 6.0% | −9.1% | −7.9% | −8.6% | −4.3% | −21.4% | −23.1% | −20.3% |
| Diluted EPS | $0.01 | $-0.04 | $-0.26 | $-0.21 | $0.28 | $-0.33 | $-0.30 | $-0.30 | $-0.18 | $-0.77 | $-0.79 | $-0.64 |
| EBITDA | $32.7M | $23.3M | $11.7M | $12.5M | $44.8M | $7.8M | $8.7M | $10.2M | -$881.0K | -$13.9M | -$31.5M | -$7.0M |
| Operating cash flow | $42.2M | $6.4M | $51.6M | $2.2M | $38.1M | $30.0M | $85.5M | -$14.7M | $71.8M | -$17.8M | $45.5M | -$39.1M |
| Free cash flow | $28.6M | -$1.8M | $45.7M | -$4.4M | $34.0M | $24.1M | $81.9M | -$20.9M | $61.4M | -$25.7M | $37.5M | -$47.1M |
| Diluted shares | 59.8M | 59.4M | 59.4M | 59.2M | 59.4M | 58.7M | 58.6M | 58.3M | 58.7M | 57.7M | 57.4M | 57.1M |
Balance sheet
| Period end | Jul 3 | Mar 27 | Dec 26 | Sep 26 | Jun 27 | Mar 28 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $214.3M | $331.8M | $335.0M | $304.7M | $309.1M | $269.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $441.5M | $591.5M | $591.5M | $591.5M | $591.5M | $591.5M |
| Total assets | $2.32B | $2.48B | $2.50B | $2.46B | $2.43B | $2.41B |
| Total liabilities | $825.3M | $1.00B | $1.04B | $982.6M | $961.3M | $963.3M |
| Shareholders' equity | $1.50B | $1.48B | $1.46B | $1.48B | $1.47B | $1.45B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology