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Mercury Systems MRCY Naval — Net revenues

Other product segments

Airborne
$83.8M-17.5%
Land
$52.77M+56.3%
Space
$25.43M+120%

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Other financials

Income statement

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Revenue$235.8M+11.5%
Gross profit$69.1M+20.9%
Operating income$5.2M+130%
Net income-$2.9M+85.1%
EPS (diluted)-$0.04+87.9%

Balance sheet

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Cash & equivalents$331.8M+23.0%
Total debt$639.8M-1.1%
Total equity$1.5B+1.8%
Total assets$2.5B+2.8%

Cash flow

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Operating cash flow$6.4M-78.5%
CapEx$8.3M+39.7%
Free cash flow$45.7M-44.2%

Valuation

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Market cap$6.84B+70.1%
Enterprise value$7.15B+58.8%
P/S7.1×+2.5×

Profitability

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Gross margin28.7%+1.3pp
Operating margin-5.8%-2.3pp
Net margin-7.3%-2.6pp
FCF margin10.5%-0.4pp

Returns & leverage

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Return on equity-4.4%-1.5pp
Debt / equity0.4×0.0×
Current ratio3.2×-0.3×

Where this comes from

Reported directly by Mercury Systems in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Mercury Systems’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercury Systems's naval — net revenues?
Mercury Systems (MRCY) reported naval — net revenues of $29.82M in Q1 2026.
How has Mercury Systems's naval — net revenues changed year-over-year?
Mercury Systems's naval — net revenues increased by 67.7% year-over-year, from $17.78M to $29.82M.
What is the long-term trend for Mercury Systems's naval — net revenues?
Over 4 years (2021 to 2025), Mercury Systems's naval — net revenues has grown at a -17.5% compound annual growth rate (CAGR), from $187.21M to $86.89M.
What does naval — net revenues mean?
This metric represents the total revenue generated from products, services, and solutions specifically tailored for naval defense applications. It reflects the company's market penetration and demand within the maritime sector of the aerospace and defense industry. Tracking this revenue stream provides insight into the performance of specialized mission-critical technologies deployed in naval environments.