10-Q quarterly report · filed Feb 3, 2026

MERCURY SYSTEMS INC (MRCY) Q4 2025 10-Q Quarterly Report

Short answer

MERCURY SYSTEMS INC (MRCY) filed its Q4 2025 10-Q quarterly report on Feb 3, 2026 for the quarter ended Dec 26, 2025. Quarterly revenue was $233M (up 4.4% year over year) with net income of −$15M.

Q4 2025 key financials · XBRL

Revenue
$233M
+4.4% YoY · +3.4% QoQ
Net income
−$15M
+14.1% YoY · −20.6% QoQ
Operating margin
-4.6%
Gross margin
26.0%
EPS (diluted)
−$0.26
+13.3% YoY · −23.8% QoQ

Source: XBRL data from the MERCURY SYSTEMS INC (MRCY) Q4 2025 10-Q on SEC EDGAR. USD.

MERCURY SYSTEMS INC Q4 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q2 revenue $232.9M, up 4.4% YoY from $223.1M
  • Gross margin 26.0% vs 27.3% YoY; operating margin (4.6%) vs (5.6%)
  • Modules and sub-assemblies best performer, up $14.4M; integrated solutions weakest, down $8.3M
  • Radar applications increased $6.5M; Airborne platform declined $12.0M
  • Tariffs, supply-chain volatility, scrap, and inventory reserves cited as emerging margin headwinds

Risk Factors

  • Share repurchase authorization up to $200.0 million, with $185.003 million remaining at December 26, 2025
  • Quarterly repurchases totaled 221,510 shares at average $67.70 per share
  • No unregistered equity sales during the quarter ended December 26, 2025

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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