What is Mercury Systems's R&D?

Mercury Systems (MRCY) reported R&D of $15.01M in Q1 2026.

How has Mercury Systems's R&D changed year-over-year?

Mercury Systems's R&D decreased by 6.1% year-over-year, from $15.98M to $15.01M.

What is the long-term trend for Mercury Systems's R&D?

Over 4 years (2021 to 2025), Mercury Systems's R&D has grown at a -12.1% compound annual growth rate (CAGR), from $113.48M to $67.65M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Mercury Systems MRCY R&D

R&D at other companies

Curtiss-WrightCW

$24.18M+5.1%

Raytheon TechnologiesRTX

$627M-1.6%

Kratos Defense & Security SolutionsKTOS

$10.7M+7.0%

TTM TechnologiesTTMI

$7.81M-3.2%

Sanmina CorpSANM

$7.99M+9.2%

Texas InstrumentsTXN

$510M-1.4%

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:ResearchAndDevelopmentExpense.

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 R&D?: Mercury Systems (MRCY) reported R&D of $15.01M in Q1 2026.
How has Mercury Systems's R&D changed year-over-year?: Mercury Systems's R&D decreased by 6.1% year-over-year, from $15.98M to $15.01M.
What is the long-term trend for Mercury Systems's R&D?: Over 4 years (2021 to 2025), Mercury Systems's R&D has grown at a -12.1% compound annual growth rate (CAGR), from $113.48M to $67.65M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.