Short answer
MERCURY SYSTEMS INC (MRCY) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 26, 2025. Quarterly revenue was $225M (up 10.2% year over year) with net income of −$13M.
Q3 2025 key financials · XBRL
- Revenue
- $225M
- +10.2% YoY
- Net income
- −$13M
- +28.6% YoY
- Operating margin
- -3.8%
- Gross margin
- 27.9%
- EPS (diluted)
- −$0.21
- +30.0% YoY
Source: XBRL data from the MERCURY SYSTEMS INC (MRCY) Q3 2025 10-Q on SEC EDGAR. USD.
MERCURY SYSTEMS INC Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $225.2M, up 10.2% YoY from $204.4M, driven by modules and sub-assemblies up $20.4M
- Gross margin 27.9% vs 25.3% YoY; operating margin (3.8%) vs (6.6%)
- C4I strongest application, up $26.2M; electronic warfare weakest, down $5.3M
- Operating cash flow $2.2M vs $(14.7)M YoY; cash $304.7M, down $4.4M sequentially
- Tariffs may increase component costs; $2.4M restructuring charges expected next quarter
Risk Factors
- New federal shutdown risk triggered October 1, 2025
- Export-license delays from State and Commerce agencies threatening international order fulfillment
- DoD and prime-contractor order delays or work suspensions from funding uncertainty
- Potential liquidated damages or penalties for late deliveries
- Prolonged shutdown threatening material adverse effects on operations and financial performance
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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