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Mercury Systems MRCY Q3 2025 earnings

Reported May 6, 2025 · After market close

Revenue$211.4MMiss by $30.4MDiluted EPS$0.06In line
Revenue estimate$241.8M
EPS estimate$0.06

Next report

Aug 10, 2026 (In 2 weeks)
Revenue estimate$266.2M
EPS estimate$0.38

Financials

Q3 2025

Income statement

See full
Revenue$211.4M+1.5%
Gross profit$57.1M+40.5%
Operating income-$17.3M+62.0%
Net income-$19.2M+57.0%
EPS (diluted)-$0.33+57.1%

Balance sheet

See full
Cash & equivalents$269.8M+89.2%
Total debt$646.8M-5.2%
Total equity$1.5B-1.5%
Total assets$2.4B+1.5%

Cash flow

See full
Operating cash flow$30.0M+268%
CapEx$5.9M-25.5%
Free cash flow$24.1M+193%

Valuation & ratios

Valuation

as of 03/28/25
See full
Market cap$2.57B+51.1%
Enterprise value$2.95B+31.6%
P/S2.9×+0.9×

Profitability

See full
Gross margin27.4%+4.7pp
Operating margin-5.8%-2.3pp
Net margin-7.3%-2.6pp
FCF margin16.5%—

Returns & leverage

See full
Return on equity-4.4%-1.5pp
Debt / equity0.4×0.0×
Current ratio3.4×-1.1×

Versus estimates

Revenue

Q3 2026$235.8MBeat by $27.2MQ2 2026$232.9MBeat by $22.4MQ1 2026$225.2MMiss by $479.3KQ4 2025$211.4MMiss by $3.4M
Q3 2025$211.4MMiss by $30.4M
Q2 2025$223.1MBeat by $12.5M

Diluted EPS

Q3 2026$0.27Beat by $0.21Q2 2026$0.16Beat by $0.09Q1 2026$0.26Beat by $0.18Q4 2025$0.47Beat by $0.26
Q3 2025$0.06In line
Q2 2025$0.07Beat by $0.11

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Questions, answered.

When did Mercury Systems report Q3 2025 earnings?
Mercury Systems (MRCY) reported Q3 2025 earnings on May 6, 2025 after market close.
What were Mercury Systems's Q3 2025 revenue and EPS?
Mercury Systems reported revenue of $211.4M and diluted EPS of $0.06 for Q3 2025.
Did Mercury Systems beat estimates in Q3 2025?
Revenue missed the consensus estimate of $241.8M by $30.4M. EPS beat the consensus estimate of $0.06 by $0.00.
How did Mercury Systems's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.5% from $208.3M a year earlier.
Where can I find Mercury Systems's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001049521-25-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.