MERCURY SYSTEMS INC (MRCY) FY2025 10-K Annual Report
MERCURY SYSTEMS INC (MRCY) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Aug 11, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
MERCURY SYSTEMS INC FY2025 10-K Analysis
Business Overview
- • Core business: Mission-critical edge processing solutions for aerospace and defense markets
- • New international business unit launched with facilities in U.K., Spain, Switzerland to expand global footprint
Management Discussion & Analysis
- • Revenue $912.0M, up 9.2% YoY from $835.3M; point in time revenue up $112.3M, over time revenue down $35.5M
- • Gross margin 27.9% vs 23.5%, up 440 bps driven by $21.1M net EAC change and $16.4M lower manufacturing adjustments
Risk Factors
- • Regulatory risk: Impact of One Big Beautiful Bill Act (OBBBA) enacted July 4, 2025, affecting tax provisions, to reflect in fiscal 2026 results
- • Macroeconomic risk: $90.1 million decline in working capital during fiscal 2025 due to unbilled receivables and deferred revenue conversion
MERCURY SYSTEMS INC FY2025 Key Financial MetricsXBRL
Revenue
$912M
▲ +9.2% YoY
Net Income
-$38M
▲ +72.5% YoY
Gross Margin
27.9%
▲ +445bp YoY
Operating Margin
-2.2%
▲ +1554bp YoY
Net Margin
-4.2%
▲ +1232bp YoY
ROE
-2.6%
▲ +677bp YoY
Total Assets
$2.4B
▲ +2.3% YoY
EPS (Diluted)
$-0.65
▲ +72.7% YoY
Operating Cash Flow
$139M
▲ +130.0% YoY
Source: XBRL data from MERCURY SYSTEMS INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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