MRCY on Nasdaq

Mercury Systems

Logo: mrcy.com3

Defense-related information technology company.1

Price unavailable

Last updated Oct 18, 2026.

Overview

$983.6MRevenue, fiscal 20264
-$29.7MNet income, fiscal 20264
1981Founded1

Compare with Universal Display Corporation, Vishay Intertechnology or Vishay Precision Group, or pick any stock.

  • TickerMRCY on Nasdaq1
  • Industryaerospace industry1
  • HeadquartersAndover1
  • Websitemrcy.com
  • Incorporated inMA5
  • Business address50 Minuteman Road, Andover, Ma 018105
  • Filer categoryLarge accelerated filer5
Mercury Systems image from its website
Image: mrcy.com3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

28.6%Gross margin4
0.0%Operating margin4
-3.0%Net margin4
7.9%Revenue growth, 20264
-2.0%Return on equity4
$68.1MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Integrated Subsystems brought in 21% of the revenue Mercury Systems broke down this way in fiscal 2026.

  1. Integrated Subsystems$488.9M421%up 3% from 2025
  2. Airborne$372.5M416%down 9% from 2025
  3. Modules and Sub-assemblies$289.6M412%up 18% from 2025
  4. Land$219.9M49%up 32% from 2025
  5. Components$205.1M49%up 8% from 2025
  6. Product and Service, Other$202.5M49%up 5% from 2025
  7. Other Sensor And Effector Applications$145.7M46%up 47% from 2025
  8. Other End User Applications$136.1M46%down 8% from 2025
  9. Electronic Warfare End User Applications$113.3M45%up 17% from 2025
  10. Naval$110.6M45%up 27% from 2025
  11. Space$78.0M43%up 39% from 2025
Products and services by year
Products and services202420252026
Integrated Subsystems$457.2M$475.9M$488.9M
Airborne$431.3M$410.7M$372.5M
Modules and Sub-assemblies$185.6M$246.1M$289.6M
Land$115.8M$166.2M$219.9M
Components$192.5M$190.0M$205.1M
Product and Service, Other$148.7M$192.2M$202.5M
Other Sensor And Effector Applications$129.0M$98.8M$145.7M
Other End User Applications$113.9M$148.4M$136.1M
Electronic Warfare End User Applications$107.2M$96.9M$113.3M
Naval$79.0M$86.9M$110.6M
Space$60.5M$56.0M$78.0M

Regions

United States brought in 86% of the revenue Mercury Systems broke down this way in fiscal 2026.

  1. United States$843.7M486%up 13% from 2025
  2. Outside the United States$140.0M414%down 16% from 2025
Regions by year
Regions202420252026
United States$704.1M$746.3M$843.7M
Outside the United States$131.2M$165.7M$140.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue71¢$702.5M
  • Research and development6¢$59.7M
  • Selling, general and admin18¢$175.0M
  • Other costs2¢$16.0M
  • Interest3¢$29.6M
  • Income tax0¢$784.0K

Out of $983.6M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Capital spending34¢$34.3M
  • Share buybacks15¢$15.0M
  • Kept or used elsewhere52¢$53.1M

Out of $102.4M of cash from operations.4

Financial statements

Revenue6789104$983.6M in 2026+50% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $654.7M$654.7M20192020: $796.6M$796.6M2020+22%2021: $924.0M$924.0M2021+16%2022: $988.2M$988.2M2022+7%2023: $973.9M$973.9M2023−1%2024: $835.3M$835.3M2024−14%2025: $912.0M$912.0M2025+9%2026: $983.6M$983.6M2026+8%
Gross profit6789104$281.2M in 2026−2% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $286.2M$286.2M20192020: $356.8M$356.8M2020+25%2021: $385.2M$385.2M2021+8%2022: $395.0M$395.0M2022+3%2023: $316.7M$316.7M2023−20%2024: $195.9M$195.9M2024−38%2025: $254.5M$254.5M2025+30%2026: $281.2M$281.2M2026+10%
Operating income6789104$280.0K in 2026−100% since 2019
-$200.0M-$100.0M0$100.0M2019: $76.6M$76.6M20192020: $91.1M$91.1M2020+19%2021: $81.0M$81.0M2021−11%2022: $31.6M$31.6M2022−61%2023: -$21.7M-$21.7M20232024: -$147.8M-$147.8M2024+581%2025: -$19.6M-$19.6M2025−87%2026: $280.0K$280.0K2026
Net income6789104-$29.7M in 2026
-$200.0M-$100.0M0$100.0M2019: $46.8M$46.8M20192020: $85.7M$85.7M2020+83%2021: $62.0M$62.0M2021−28%2022: $11.3M$11.3M2022−82%2023: -$28.3M-$28.3M20232024: -$137.6M-$137.6M2024+386%2025: -$37.9M-$37.9M2025−72%2026: -$29.7M-$29.7M2026−22%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2026-06-302025-06-302024-06-30
Net revenues$983.6M$912.0M$835.3M
Cost of revenues$702.5M$657.5M$639.4M
Gross margin$281.2M$254.5M$195.9M
Selling, general and administrative$175.0M$154.4M$166.8M
Research and development$59.7M$67.6M$101.3M
Amortization of intangible assets$38.9M$42.8M$47.7M
Restructuring and other charges$5.9M$7.2M$26.2M
Acquisition costs and other related expenses$1.3M$2.0M$1.7M
Total operating expenses$280.9M$274.1M$343.7M
Income (loss) from operations$280.0K-$19.6M-$147.8M
Interest income$7.7M$3.6M$1.2M
Interest expense-$29.6M-$33.4M-$35.0M
Other expense, net-$7.3M-$974.0K-$7.7M
Loss before income taxes-$28.9M-$50.4M-$189.3M
Income tax expense (benefit)$784.0K-$12.5M-$51.6M
Net loss-$29.7M-$37.9M-$137.6M
Basic net (loss) earnings per share (in dollars per share)-$0.50-$0.65-$2.38
Diluted net (loss) earnings per share (in dollars per share)-$0.50-$0.65-$2.38
Basic (in shares)59.5M shares58.7M shares57.7M shares
Diluted (in shares)59.5M shares58.7M shares57.7M shares
Change in fair value of derivative instruments, net of tax$134.0K-$4.7M-$833.0K
Foreign currency translation adjustments, net of tax$8.6M-$20.0K$380.0K
Deferred compensation and pension benefit plan, net of tax-$984.0K-$1.8M-$1.4M
Total other comprehensive income (loss), net of tax$7.7M-$6.5M-$1.8M
Total comprehensive loss-$21.9M-$44.4M-$139.5M

Compare Mercury Systems with another company

Leadership

Who has led Mercury Systems, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (49)

Former names

  • MERCURY COMPUTER SYSTEMS INCNov 26, 1997 to Nov 13, 20125

Timeline

  1. Aug 21, 2023New chief executive William L. Ballhaus becomes CEO15
  2. Nov 26, 2007New chief executive Mark Aslett becomes CEO16
  3. Feb 23, 2006New chief executive James R. Bertelli becomes CEO17
  4. Jan 30, 1998Went public Listed on NASDAQ1
  5. 1981Founded Founded1

Filings

489 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 245 insider forms, 41 large holders, 137 other. The latest 20:

  1. Sep 23, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 21, 2026144 EDGAR
  3. Sep 18, 20268-K EDGAR
  4. Sep 17, 2026ARS EDGAR
  5. Sep 17, 2026DEF 14A EDGAR
  6. Sep 16, 20268-K EDGAR
  7. Sep 15, 20264/A PRIMARY DOCUMENT EDGAR
  8. Sep 15, 20264/A PRIMARY DOCUMENT EDGAR
  9. Sep 15, 20264/A PRIMARY DOCUMENT EDGAR
  10. Sep 15, 20264/A PRIMARY DOCUMENT EDGAR
  11. Sep 15, 20264/A PRIMARY DOCUMENT EDGAR
  12. Sep 8, 20264 PRIMARY DOCUMENT EDGAR
  13. Sep 3, 2026144 EDGAR
  14. Aug 27, 20264 PRIMARY DOCUMENT EDGAR
  15. Aug 26, 2026144 EDGAR
  16. Aug 25, 2026144 EDGAR
  17. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  18. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  19. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  20. Aug 24, 2026144 EDGAR

The 489 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 41 such filings since October 2021, the latest 10:

  1. Jul 31, 2026SCHEDULE 13G
  2. Jul 29, 2026SCHEDULE 13G/A
  3. May 12, 2026SCHEDULE 13G
  4. Mar 27, 2026SCHEDULE 13G/A
  5. Mar 4, 2026SCHEDULE 13D/A
  6. Nov 12, 2025SCHEDULE 13G/A
  7. Nov 10, 2025SCHEDULE 13D/A
  8. Aug 15, 2025SCHEDULE 13D/A
  9. Jul 30, 2025SCHEDULE 13G/A
  10. May 13, 2025SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,370,902$1.1B0.0%+450,577
JANA Partners Management, LP3,958,849$484.3M25.5%−148,575
State Street Corp3,418,290$418.0M0.0%−447,429
Vanguard Portfolio Management LLC3,031,459$370.8M0.0%+120,555
Invesco Ltd.2,669,450$326.6M0.0%+227,872
Vanguard Capital Management LLC2,422,629$296.4M0.0%+18,811
Fmr LLC1,842,103$225.3M0.0%+938,435
Goldman Sachs Group Inc1,575,727$192.8M0.0%+374,615
Conestoga Capital Advisors, LLC1,487,191$181.9M4.0%−431,400
Geode Capital Management, LLC1,459,574$178.6M0.0%−66,142
First Trust Advisors LP1,298,957$158.9M0.1%+138,182
Dimensional Fund Advisors LP1,156,682$141.4M0.0%−71,293
Segall Bryant & Hamill, LLC1,029,491$125.9M1.5%+94,667
Fisher Asset Management, LLC944,069$115.5M0.0%−36,298
Franklin Resources Inc846,732$103.6M0.0%+393,099
Neuberger Berman Group LLC841,556$102.1M0.1%−68,862
Morgan Stanley811,565$99.3M0.0%+140,234
Wellington Management Group Llp775,502$94.9M0.0%+19,977
Van Eck Associates Corp762,994$93.3M0.1%−88,151
Raymond James Financial Inc748,808$91.6M0.0%−45,221
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.715,977$87.6M0.1%−143,470
Loomis Sayles & Co L P681,142$83.3M0.1%+35,210
American Century Companies Inc664,960$81.3M0.0%+82,065
Emerald Advisers, LLC638,682$78.1M1.8%+43,368
Charles Schwab Investment Management Inc627,581$76.8M0.0%−8,389

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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