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Mercury Systems MRCY Space — Net revenues

Other product segments

Airborne
$83.8M-17.5%
Land
$52.77M+56.3%
Naval
$29.82M+67.7%

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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$6.45B+100%
Enterprise value$6.76B+89.4%
P/S6.7×+3.1×

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 source filing: Mercury Systems’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 5:03 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001049521-26-000024
Line itemThird Quarters Ended / March 27, 2026Third Quarters Ended / March 28, 2025Nine Months Ended / March 27, 2026Nine Months Ended / March 28, 2025
Airborne(1)$83,801$101,548$262,688$288,252
Land(2)52,76833,765154,761112,911
Naval(3)29,81617,77873,34660,623
Space(4)25,43111,54355,82638,729
Other(5)43,94346,724147,219138,399
Total Net Revenues$235,759$211,358$693,840$638,914

Item 1. Consolidated Financial Statements (unaudited)

FAQ

What is Mercury Systems's space — net revenues?
Mercury Systems (MRCY) reported space — net revenues of $25.43M in Q1 2026.
How has Mercury Systems's space — net revenues changed year-over-year?
Mercury Systems's space — net revenues increased by 120.3% year-over-year, from $11.54M to $25.43M.
What is the long-term trend for Mercury Systems's space — net revenues?
Over 2 years (2023 to 2025), Mercury Systems's space — net revenues has grown at a 14.6% compound annual growth rate (CAGR), from $42.64M to $55.97M.
What does space — net revenues mean?
This metric represents the total revenue generated from products and services specifically tailored for space-based aerospace and defense applications. It reflects the company's market penetration and demand for secure, mission-critical technology deployed in orbital or extraterrestrial environments. Tracking this revenue stream provides insight into the company's growth trajectory and competitive positioning within the specialized space sector.

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