MRCY · XBRL financial data

Mercury Systems financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (MRCY's year ends in early July)

In millions of dollars	Q1 FY24Sep 29, 2023	Q2 FY24Dec 29, 2023	Q3 FY24Mar 29, 2024	Q4 FY24Jun 28, 2024	Q1 FY25Sep 27, 2024	Q2 FY25Dec 27, 2024	Q3 FY25Mar 28, 2025	Q4 FY25Jun 27, 2025	Q1 FY26Sep 26, 2025	Q2 FY26Dec 26, 2025	Q3 FY26Mar 27, 2026	Q4 FY26Jul 3, 2026
Revenue	181	197	208	249*	204	223	211	273*	225	233	236	290*
Cost of revenue	130	166	168	175*	153	162	154	188*	162	172	167	201*
Gross profit	51	32	41	73*	52	61	57	85*	63	61	69	89*
Research and development	32	28	22	19*	18	21	16	12*	13	15	15	16*
Selling, general and administrative	36	44	43	43*	33	41	43	38*	46	42	39	48*
Total operating expenses	91	85	86	81*	65	73	74	61*	71	71	64	74*
Operating income (loss)	(40)	(54)	(46)	(8)*	(13)	(12)	(17)	24*	(9)	(11)	5	14*
Interest income	0	0	1	1*	1	0	1	1*	2	2	3	2*
Interest expense	8	9	9	9*	9	8	8	8*	8	8	7	7*
Other income (expense)	(2)	(1)	(3)	(2)*	(1)	(4)	2	2*	(2)	(0)	(3)	(2)*
Income tax expense (benefit)	(13)	(18)	(13)	(8)*	(6)	(7)	(3)	2*	(4)	(2)	0	7*
Net income (loss)	(37)	(46)	(45)	(11)*	(18)	(18)	(19)	16*	(13)	(15)	(3)	1*
Earnings per share, basic USD per share	(0.64)	(0.79)	(0.77)	(0.18)*	(0.30)	(0.30)	(0.33)	0.28*	(0.21)	(0.26)	(0.04)	0.01*
Earnings per share, diluted USD per share	(0.64)	(0.79)	(0.77)	(0.18)*	(0.30)	(0.30)	(0.33)	0.28*	(0.21)	(0.26)	(0.04)	0.01*
Weighted average shares, basic millions of shares	57	57	58	59*	58	59	59	59*	59	59	59	60*
Weighted average shares, diluted millions of shares	57	57	58	59*	58	59	59	59*	59	59	59	60*

Fiscal quarters (MRCY's year ends in early July)

In millions of dollars	Q1 FY24Sep 29, 2023	Q2 FY24Dec 29, 2023	Q3 FY24Mar 29, 2024	Q4 FY24Jun 28, 2024	Q1 FY25Sep 27, 2024	Q2 FY25Dec 27, 2024	Q3 FY25Mar 28, 2025	Q4 FY25Jun 27, 2025	Q1 FY26Sep 26, 2025	Q2 FY26Dec 26, 2025	Q3 FY26Mar 27, 2026	Q4 FY26Jul 3, 2026
Cash and cash equivalents	89	169	143	181	158	243	270	309	305	335	332	214
Accounts receivable	91	83	92	111	125	104	103	110	93	106	96	69
Inventory	363	354	343	335	351	344	353	333	340	350	362	367
Prepaid and other current assets	22	21	21	22	22	21	19	28	71	67	57	35
Total current assets	955	984	952	954	954	991	1,020	1,058	1,085	1,132	1,117	973
Property and equipment, net	117	114	114	110	105	111	107	101	103	102	103	108
Right-of-use asset	61	66	63	61	58	57	55	52	54	52	50	48
Goodwill	938	938	938	938	938	938	938	938	938	938	943	942
Total assets	2,401	2,436	2,378	2,379	2,369	2,401	2,414	2,435	2,458	2,502	2,481	2,323
Accounts payable	96	88	80	81	75	65	74	79	98	106	104	91
Accrued liabilities	34	31	40	43	43	40	45	43	75	72	69	33
Total current liabilities	205	226	208	234	233	274	297	300	322	383	350	329
Lease liability, non-current	64	68	65	63	60	58	55	53	54	51	48	46
Total liabilities	860	932	905	906	909	941	963	961	983	1,042	1,004	825
Retained earnings	321	275	231	220	202	185	166	182	169	154	151	152
Total stockholders' equity	1,541	1,504	1,473	1,473	1,460	1,460	1,451	1,473	1,475	1,460	1,478	1,497
Total liabilities and equity	2,401	2,436	2,378	2,379	2,369	2,401	2,414	2,435	2,458	2,502	2,481	2,323
Common shares outstanding (cover page) millions of shares	59	59	59	59	60	60	60	60	60	60	60	60

Fiscal quarters (MRCY's year ends in early July)

In millions of dollars	Q1 FY24Sep 29, 2023	Q2 FY24Dec 29, 2023	Q3 FY24Mar 29, 2024	Q4 FY24Jun 28, 2024	Q1 FY25Sep 27, 2024	Q2 FY25Dec 27, 2024	Q3 FY25Mar 28, 2025	Q4 FY25Jun 27, 2025	Q1 FY26Sep 26, 2025	Q2 FY26Dec 26, 2025	Q3 FY26Mar 27, 2026	Q4 FY26Jul 3, 2026
Net income (loss)	(37)	(46)	(45)	(11)*	(18)	(18)	(19)	16*	(13)	(15)	(3)	1*
Stock-based compensation	4	7*	7*	7*	6	8*	9*	2*	10	11*	9*	12*
Depreciation and amortization	23	22*	22*	21*	21	21*	20*	20*	19	18*	18*	18*
Net cash from operating activities	(39)	45*	(18)*	72*	(15)	85*	30*	38*	2	52*	6*	42*
Purchases of property and equipment	8	8*	8*	10*	6	4*	6*	4*	7	6*	8*	14*
Net cash from investing activities	(8)	(8)*	(8)*	(10)*	(6)	(2)*	(3)*	(2)*	(7)	(6)*	(10)*	(14)*
Share repurchases	0	0*	0*	0*	—	—	0*	0*	—	—	0*	0*
Net cash from financing activities	65	41*	0*	(24)*	(2)	1*	0*	2*	0	(15)*	0*	(147)*
Net change in cash	18	79*	(26)*	38*	(22)	84*	27*	39*	(4)	30*	(3)*	(117)*

SIC 3670 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3670 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Mercury Systems	214	290*	42*	60.1M	—	Q4 FY26 10-KJul 3, 2026
SITIME	1,921	157	40*	30.1M	—	Q2 FY26 10-QJun 30, 2026
Viavi Solutions	648	443*	67*	246.7M	—	Q4 FY26 10-KJun 27, 2026
Advanced Energy Industries	1,425	696	65*	40.5M	—	Q3 FY26 10-QSep 30, 2026
Silicon Laboratories	362	228	(15)*	33.4M	27.4 quarters	Q2 FY26 10-QJul 4, 2026
Cirrus Logic	811	460	64	50.1M	—	Q1 FY27 10-QJun 27, 2026
Osi Systems	236	403	37	15.7M	—	Q1 FY27 10-QSep 30, 2026
Semtech	204	342	not reported	93.3M	—	Q2 FY27 10-QJul 26, 2026
Rambus	111	218	102*	107.1M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.