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Mercury Systems Inc. MRCY Q4 2025 Annual earnings

Reported August 11, 2025 · After market close

Revenue$211.4MMiss by $3.4M
EPS$0.47Beat by $0.26
Revenue estimate$214.8M
EPS estimate$0.21

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$245.1M
EPS estimate$0.28

Financials

Q4 2025

Income statement

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Revenue$273.1M+9.9%
Gross profit$84.8M+15.8%

Balance sheet

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Cash & equivalents$309.1M+71.2%
Total debt$656.0M-1.4%
Total equity$1.5B0.0%
Total assets$2.4B+2.3%

Cash flow

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Operating cash flow$38.1M-46.9%
CapEx$4.1M-60.4%
Free cash flow$34.0M-44.7%

Valuation & ratios

Valuation

as of 06/27/25
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Market cap$2.99B+91.7%
Enterprise value$3.33B+63.2%
P/S3.3×+1.4×

Profitability

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Gross margin27.9%+4.5pp
FCF margin13.1%+9.9pp

Returns & leverage

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Debt / equity0.4×0.0×
Current ratio3.5×-0.5×

Segments

By product

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C4I Applications$99.5M+4.0%
Total Sensor And Effector Applications$91.4M+8.0%
Radar End User Applications$42.4M+66.3%
Other End User Applications$37.1M+30.2%
Other Sensor And Effector Applications$24.7M-23.4%

By geography

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US$148.4M-0.6%

FAQ

When did Mercury Systems Inc. report Q4 2025 earnings?
Mercury Systems Inc. (MRCY) reported Q4 2025 earnings on August 11, 2025 after market close.
What were Mercury Systems Inc.'s Q4 2025 revenue and EPS?
Mercury Systems Inc. reported revenue of $211.4M and eps of $0.47 for Q4 2025.
Did Mercury Systems Inc. beat estimates in Q4 2025?
Revenue missed the consensus estimate of $214.8M by $3.4M. EPS beat the consensus estimate of $0.21 by $0.26.
How did Mercury Systems Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 15.0% from $248.6M a year earlier and eps grew 104.3% from $0.23.
Where can I find Mercury Systems Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001049521-25-000022) and the 10-K periodic report (0001049521-25-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.