Mercury Systems, Inc.

Mercury Systems, Inc.

MRCYยทNASDAQ

$111.59

+0.65%
IndustrialsAerospace & Defense

Mercury Systems, Inc., a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers. The company offers components, including power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; modules and sub-assemblies, such as embedded processing modules and boards, switched fabric boards, digital receiver boards, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video processing, and Ethernet and input-output boards; and integrated subsystems. It also designs and develops digital radio frequency memory units for various modern electronic warfare applications; radar environment simulation and test systems for defense and intelligence applications; and signals intelligence payloads and EO/IR technologies for small UAV platforms, as well as onboard UAV processor systems for real-time wide area motion imagery. The company was formerly known as Mercury Computer Systems, Inc. and changed its name to Mercury Systems, Inc. in November 2012. Mercury Systems, Inc. was incorporated in 1981 and is headquartered in Andover, Massachusetts.

At a Glance

Live Snapshot
Market Cap$6.70B
EPS-0.6500
P/E Ratio-171.68
Earnings Date08/10/2026
3Y-753.0%
5Y+21.0%
10Y+276.0%
3Y-65.0%
5Y-90.0%
10Y-96.0%
3Y-98.0%
5Y-113.0%
10Y-100.0%
MRCY

Mercury Systems, Inc. Cash Conversion Engine

MRCY ยท NASDAQ
Net Income-37.90M
Depreciation & Amortization82.03M
Stock-Based Compensation39.92M
Change in Working Capital68.10M
Others-2.70M
Capital Expenditures-19.80M
Free Cash Flow119.05M

Cash Flow Quality Analysis

FCF Conversion Rate

-314.1%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

14.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

0.0%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

+$68.10M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Mercury Systems, Inc. Cash Flow Statement

MRCY โ€ข NASDAQ

Mercury Systems, Inc. Cash Flow StatementJun 2025Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010Jun 2009Jun 2008Jun 2007Jun 2006
OPERATING ACTIVITIES
-37.9M
-37.9M
-137.6M
-28.3M
11.3M
85.7M
46.8M
40.9M
24.9M
19.7M
10.4M
-11.4M
-13.2M
22.6M
18.4M
28.4M
-1.3M
-35.4M
-37.8M
-16.2M
82M
82M
88M
97.3M
93.4M
49.3M
46.4M
42.3M
32.3M
15.7M
13.8M
15.6M
17.2M
11.7M
8.3M
6.9M
9.4M
16M
18M
17.6M
-10.6M
-10.6M
-31.5M
-59.6M
-2.4M
-3M
-1.6M
-5.5M
-7.8M
-3.1M
-1M
-5.5M
-10.1M
1.9M
1.9M
-9.7M
-1.4M
3.6M
1.8M
-6M
39.9M
39.9M
41.5M
43.4M
38.3M
26.5M
19.4M
17.3M
15.3M
9.6M
8.7M
9.2M
7.9M
6.6M
5.6M
4M
4.6M
10.4M
10.6M
10.1M
-2.7M
-2.7M
23.2M
5.2M
-497K
-2.3M
9.2M
2.1M
1.2M
-190K
1.7M
2.9M
1.2M
-7.7M
-1.7M
-2.6M
2M
15.4M
5M
1.4M
(365K)
(365K)
(0.0)
(24.2M)
(14.1M)
(12.9M)
(7.4M)
(17M)
(2.8M)
-8M
(7.9M)
(3.2M)
-3.3M
(8.7M)
(4.4M)
(2.6M)
(3.5M)
(206K)
(0.0)
(0.0)
68.1M
68.1M
76.8M
-79.3M
-158.9M
-41.1M
-22.7M
-53.8M
-6.7M
-4.9M
-1.4M
3.4M
-5M
-3.2M
-1.1M
-11.2M
-2.1M
3.8M
-7.9M
15.1M
138.9M
138.9M
60.4M
-21.3M
-18.9M
115.2M
97.5M
43.3M
59.1M
36.9M
32.2M
14.2M
-1.9M
31.9M
31.5M
15.7M
11.2M
13.7M
-10.3M
22.1M
INVESTING ACTIVITIES
-19.8M
-19.8M
-34.3M
-38.8M
-27.7M
-43.3M
-26.7M
-15.1M
-32.8M
-7.9M
-6M
-6.7M
-3.9M
-9.5M
-11.2M
-7.6M
-4.1M
-4.6M
-8.2M
-13.4M
-4.5M
-4.5M
(0.0)
(0.0)
-243.5M
-96.5M
-127.1M
-185.4M
-77.8M
-309.8M
(0.0)
(0.0)
-67.7M
-71M
-29.5M
(138.3M)
(9.7M)
-2.4M
-1.5M
-67.5M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-18.1M
(20.3M)
-138.6M
-138.6M
-182.5M
-125.2M
-139.9M
0.0
0.0
0.0
0.0
0.0
4.3M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
18M
18M
32M
60.5M
178M
159.2M
185.4M
10.8M
10.8M
0.0
235K
-3.2M
0.0
0.0
-375K
-486K
-567K
386K
-19K
510K
-231K
-20.3M
-576K
139.4M
4.3M
26.4M
-2M
-13.5M
-13.5M
-34.3M
-38.6M
-274.3M
-135.5M
-153.8M
-200.9M
-111.1M
-318.2M
-5.6M
-6.7M
-71.1M
-80.8M
-22.7M
(23.6M)
(66.9M)
-7.2M
(50.7M)
-35.4M
FINANCING ACTIVITIES
3.7M
0.0
-31K
-63K
-8.2M
-16.2M
446.4M
-15.5M
207M
84.8M
-944K
0.0
1.3M
0.0
93.6M
-433K
-684K
-1M
1.3M
-6.4M
0.0
0.0
80M
60M
251.5M
0.0
-195M
195M
-200M
194.9M
-642K
-763K
-7.2M
-185K
-298K
-33.3M
-91.9M
-120K
-10.5M
-867K
(0.0)
(0.0)
-31K
-63K
-8.2M
-16.2M
-8M
-15.5M
-8.8M
-8M
-944K
(0.0)
(0.0)
(0.0)
(0.0)
-433K
-684K
-1M
-507K
-12.3M
-2.2M
1.4M
2.7M
5.5M
2.5M
5.3M
-3.6M
3.4M
4.4M
5.2M
5.5M
1.5M
2.2M
2.2M
4.5M
3.2M
1.7M
1.8M
-2.9M
581K
1.4M
1.4M
82.7M
65.4M
245.8M
-10.9M
247.8M
182.9M
11.3M
284.9M
3.9M
742K
-3.7M
2M
97.8M
-30.6M
-90.9M
703K
-12.1M
-6.7M
CASH FLOW SUMMARY
1.8M
1.8M
187K
295K
-750K
140K
-97K
-497K
549K
491K
-215K
-102K
-207K
47K
43K
562K
657K
571K
107K
-171K
128.6M
128.6M
109M
5.9M
-48.2M
-31.1M
191.4M
24.9M
-40.1M
4.1M
30.3M
8.2M
-76.8M
-46.9M
106.6M
9.3M
-12.1M
7.8M
28.3M
-20.2M
180.5M
180.5M
71.6M
65.7M
113.8M
257.9M
66.5M
41.6M
81.7M
77.6M
47.3M
39.1M
116M
162.9M
56.2M
47M
59M
51.3M
23M
43.1M
309.1M
309.1M
180.5M
71.6M
65.7M
226.8M
257.9M
66.5M
41.6M
81.7M
77.6M
47.3M
39.1M
116M
162.9M
56.2M
47M
59M
51.3M
23M
119M
119M
26.1M
-60.1M
-46.5M
71.9M
70.8M
28.2M
26.3M
29.1M
26.2M
7.5M
-5.8M
22.4M
20.3M
8.1M
7.1M
9.1M
-18.5M
8.7M

SEC Filings

MRCY - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 05, 2026
March 27, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 03, 2026
December 26, 2025
2025
8-K

8-K 2026

N/A

February 03, 2026
February 03, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 26, 2025
2025
8-K

8-K 2025

N/A

November 04, 2025
November 04, 2025
2025
8-K

8-K 2025

N/A

October 28, 2025
October 22, 2025
2025
DEF 14A

DEF 14A 2025

N/A

September 10, 2025
June 27, 2025
2025
10-K

10-K 2025 FY

FY

August 11, 2025
June 27, 2025
2025
8-K

8-K 2025

N/A

August 11, 2025
August 11, 2025
2025
Showing 1 to 10 of 492 filings