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	Mar '26 Mar 27, 2026	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	966.95	912.02	835.28	973.88	988.2	924
Revenue Growth (YoY)	8.95%	9.19%	-14.23%	-1.45%	6.95%	15.99%
Cost of Revenue	689.6	657.53	639.37	657.15	593.24	538.81
Gross Profit	277.35	254.49	195.9	316.73	394.96	385.19
Selling, General & Admin	164.9	154.41	166.79	160.64	157.04	134.34
Depreciation & Amortization Expenses	39.79	42.85	47.66	53.55	60.27	41.17
Research & Development	55.49	67.65	101.33	108.8	107.17	113.48
Other Operating Expenses	7.81	9.21	27.88	15.43	38.87	15.2
Total Operating Expenses	267.99	274.12	343.66	338.41	363.35	304.19
Operating Income	9.37	-19.63	-147.75	-21.69	31.61	81
Interest Income	7.55	3.61	1.2	1.05	0.14	0.18
Interest Expense	-31.09	-33.43	-35.02	-25.16	-5.81	-1.22
Other Non-Operating Income (Expense)	-3.69	-0.97	-7.71	-2.75	-7.55	-2.79
Total Non-Operating Income (Expense)	-27.23	-30.8	-41.52	-26.86	-13.22	-3.83
Pretax Income	-17.87	-50.42	-189.28	-48.54	18.4	77.17
Provision for Income Taxes	-3.76	-12.52	-51.64	-20.21	7.12	15.13
Net Income	-14.1	-37.9	-137.64	-28.34	11.28	62.04
Net Income to Common	-14.1	-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)	1.72%	1.75%	2.09%	1.17%	0.77%	0.65%
EPS (Basic)	-0.23	-0.65	-2.38	-0.50	0.20	1.13
EPS (Diluted)	-0.24	-0.65	-2.38	-0.50	0.20	1.12
EPS Growth	-	-	-	-	-82.14%	-28.21%
Shares Outstanding	59.5	59	57.97	56.96	55.68	55.24
Free Cash Flow	73.5	119.05	26.09	-60.05	-46.53	51.65
Free Cash Flow Growth	-38.26%	356.28%	-	-	-	-28.16%
Free Cash Flow Per Share	1.24	2.03	0.45	-1.06	-0.83	0.93
Gross Margin	28.68%	27.90%	23.45%	32.52%	39.97%	41.69%
Operating Margin	0.97%	-2.15%	-17.69%	-2.23%	3.20%	8.77%
Profit Margin	-1.46%	-4.16%	-16.48%	-2.91%	1.14%	6.71%
FCF Margin	7.60%	13.05%	3.12%	-6.17%	-4.71%	5.59%
EBITDA	84.5	62.4	-59.72	75.64	125.03	148.08
EBITDA Margin	8.74%	6.84%	-7.15%	7.77%	12.65%	16.03%
EBIT	9.37	-19.63	-147.75	-21.69	31.61	81
EBIT Margin	0.97%	-2.15%	-17.69%	-2.23%	3.20%	8.77%
Effective Tax Rate	21.07%	24.83%	27.28%	41.63%	38.71%	19.60%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q