Mercury Systems Income Statement

Financials in millions USD. Fiscal year is July - June.

Millions USD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 26, 2025	Jun '25 Jun 27, 2025	Jun '24 Jun 28, 2024	Jun '23 Jun 30, 2023	Jul '22 Jul 1, 2022	Jul '21 Jul 2, 2021
Revenue	942.55	912.02	835.28	973.88	988.2	924
Revenue Growth (YoY)	6.58%	9.19%	-14.23%	-1.45%	6.95%	15.99%
Cost of Revenue	677.14	657.53	639.37	657.15	593.24	538.81
Gross Profit	265.41	254.49	195.9	316.73	394.96	385.19
Selling, General & Admin	168.8	154.41	166.79	160.64	157.04	134.34
Depreciation & Amortization Expenses	40.41	42.85	47.66	53.55	60.27	41.17
Research & Development	56.46	67.65	101.33	108.8	107.17	113.48
Other Operating Expenses	12.94	9.21	27.88	15.43	38.87	15.2
Total Operating Expenses	278.62	274.12	343.66	338.41	363.35	304.19
Operating Income	-13.21	-19.63	-147.75	-21.69	31.61	81
Interest Income	6.33	3.61	1.2	1.05	0.14	0.18
Interest Expense	-31.83	-33.43	-35.02	-25.16	-5.81	-1.22
Other Non-Operating Income (Expense)	1.71	-0.97	-7.71	-2.75	-7.55	-2.79
Total Non-Operating Income (Expense)	-23.79	-30.8	-41.52	-26.86	-13.22	-3.83
Pretax Income	-37	-50.42	-189.28	-48.54	18.4	77.17
Provision for Income Taxes	-6.59	-12.52	-51.64	-20.21	7.12	15.13
Net Income	-30.41	-37.9	-137.64	-28.34	11.28	62.04
Net Income to Common	-30.41	-37.9	-137.64	-28.34	11.28	62.04
Net Income Growth	-	-	-	-	-81.83%	-27.61%
Shares Outstanding (Basic)	59	59	58	57	56	55
Shares Outstanding (Diluted)	59	59	58	57	56	55
Shares Change (YoY)	1.89%	1.75%	2.09%	1.17%	0.77%	0.65%
EPS (Basic)	-0.52	-0.65	-2.38	-0.50	0.20	1.13
EPS (Diluted)	-0.53	-0.65	-2.38	-0.50	0.20	1.12
EPS Growth	-	-	-	-	-82.14%	-28.21%
Free Cash Flow	99.38	119.05	26.09	-60.05	-46.53	51.65
Free Cash Flow Growth	-16.52%	356.28%	-	-	-	-28.16%
Free Cash Flow Per Share	1.68	2.03	0.45	-1.06	-0.83	0.93
Gross Margin	28.16%	27.90%	23.45%	32.52%	39.97%	41.69%
Operating Margin	-1.40%	-2.15%	-17.69%	-2.23%	3.20%	8.77%
Profit Margin	-3.23%	-4.16%	-16.48%	-2.91%	1.14%	6.71%
FCF Margin	10.54%	13.05%	3.12%	-6.17%	-4.71%	5.59%
EBITDA	63.89	62.4	-59.72	75.64	125.03	148.08
EBITDA Margin	6.78%	6.84%	-7.15%	7.77%	12.65%	16.03%
EBIT	-13.21	-19.63	-147.75	-21.69	31.61	81
EBIT Margin	-1.40%	-2.15%	-17.69%	-2.23%	3.20%	8.77%
Effective Tax Rate	17.80%	24.83%	27.28%	41.63%	38.71%	19.60%

Updated Feb 3, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q