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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%
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:NetIncomeLoss.

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
Other (expense) income, net(3,093)2,304(5,613)(2,900)
Loss before income tax provision (benefit)(2,687)(21,818)(36,682)(69,241)
Income tax provision (benefit)174(2,648)(6,211)(14,967)
Net loss$(2,861)$(19,170)$(30,471)$(54,274)
Basic net loss per share$(0.04)$(0.33)$(0.51)$(0.93)
Diluted net loss per share$(0.04)$(0.33)$(0.51)$(0.93)
Weighted-average shares outstanding:
Basic59,42258,74959,38658,614

Item 1. Consolidated Financial Statements (unaudited)

FAQ

What is Mercury Systems's net income?
Mercury Systems (MRCY) reported net income of -$2.86M in Q1 2026.
How has Mercury Systems's net income changed year-over-year?
Mercury Systems's net income increased by 85.1% year-over-year, from -$19.17M to -$2.86M.
What is the long-term trend for Mercury Systems's net income?
Over 2 years (2022 to 2024), Mercury Systems's net income has grown at a 249.4% compound annual growth rate (CAGR), from $11.28M to -$137.64M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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