Every 10-Q that Mercury Systems Inc. (MRCY) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MRCY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MRCY filings page.
Mercury Systems, Inc. reported higher sales but a small loss for the third quarter of fiscal 2026. Net revenues rose to $235.8M from $211.4M a year earlier, lifting gross margin to $69.1M versus $57.1M. The company posted a net loss of $2.9M, a significant improvement from a $19.2M loss, as operating expenses fell.
For the first nine months, revenue reached $693.8M with a net loss of $30.5M. Operating cash flow was strong at $60.2M, boosting cash and equivalents to $331.8M against long‑term debt of $591.5M. The order book remained solid, with remaining performance obligations of $859.8M. Notable items included workforce reductions affecting about 100 positions, a securities class action settlement of $32.5M recorded as matching receivable and payable, and share repurchases of 221,510 shares at an average of $67.70 under a $200M authorization.
Mercury Systems, Inc. reported higher sales but continued losses for its fiscal second quarter ended December 26, 2025. Net revenues rose to $232.9 million from $223.1 million a year earlier, while net loss narrowed to $15.1 million from $17.6 million.
For the first six months, revenue reached $458.1 million with a net loss of $27.6 million. Operating cash flow was positive at $53.8 million, and cash and cash equivalents increased to $335.0 million. Long-term debt remained $591.5 million.
The company booked $5.6 million in restructuring charges tied to workforce reductions of about 100 positions and repurchased and retired 221,510 shares for $15.0 million under a new $200 million buyback authorization. Mercury also disclosed a $5.0 million payment to its former CEO under a settlement and a securities class action settlement in principle for $32.5 million, recorded as equal receivable and payable balances. Management noted an internal investigation into certain historical test results on a government-related program and outlined potential regulatory and financial risks if future findings identify noncompliance.
Mercury Systems (MRCY) reported first-quarter fiscal 2026 results. Net revenues were $225,209, up from $204,431 a year ago. Gross margin was $62,899. The company posted a loss from operations of $(8,597) and a net loss of $(12,515), or $(0.21) per share. Cash from operating activities improved to $2,182 from $(14,660) in the prior year. Cash and cash equivalents were $304,716 and long‑term debt was $591,500.
Revenue mix included $111,466 from C4I applications. Remaining performance obligations totaled $782,643, with 54% expected over the next 12 months. The company reduced its workforce by about 40 positions, recording $1,584 in severance. Subsequent to quarter-end, the board authorized a share repurchase program of up to $200,000, and the revolving credit facility was amended to an $850,000 facility maturing on November 4, 2030. Major customers each contributing 10%+ of revenue included Lockheed Martin (13%), RTX (10%), and Northrop Grumman (10%). Shares outstanding were 60,100,136 as of October 31, 2025.