Mercury Systems Inc. filings document the regulatory record for a Massachusetts aerospace and defense technology company listed on Nasdaq under MRCY. Recent Form 8-K reports furnish earnings releases and presentations for quarterly and fiscal results, including GAAP operating measures and non-GAAP measures such as adjusted EBITDA, adjusted income, adjusted EPS, and free cash flow.
The company’s filings also record material financing and governance matters. Disclosures include amendments to its credit agreement and revolving credit facility, borrowing capacity, maturity, leverage-ratio provisions, and related covenant terms. Proxy and annual meeting filings cover director elections, executive compensation, shareholder voting results, long-term incentive plan approval, and other board and compensation governance items.
JANA Partners Management, LP reported on Form 4 that it disposed of 797,000 shares of Mercury Systems Inc. (MRCY) on 08/13/2025 at a reported price of $65.42 per share. After the sale, JANA beneficially owned 5,964,313 shares, held indirectly through funds and accounts it manages. The filing states the transactions were made to rebalance holdings across JANA-managed funds and accounts. The report notes that JANA is a private money management firm and explains the general partner and founder relationships, and it clarifies that any director status is by deputization because a JANA managing partner, Scott Ostfeld, serves on the issuer’s board.
Key facts: sale of 797,000 shares at $65.42; post-transaction indirect beneficial ownership 5,964,313 shares; purpose cited as portfolio rebalancing.
Mercury Systems, Inc. is a technology company supplying mission-critical processing for aerospace and defense. For fiscal 2025 the company reported consolidated revenue of $912.0 million, a net loss of $(37.9) million (diluted loss per share $(0.65)), an adjusted EPS of $0.64 and adjusted EBITDA of $119.4 million. Revenues rose from $835.3 million in fiscal 2024 to $912.0 million in fiscal 2025 while adjusted EBITDA improved markedly from $9.4 million to $119.4 million.
Mercury emphasizes its Mercury Processing Platform spanning RF front end to human-machine interface, sells to primes, the U.S. government and OEMs, and reports strong design wins, a backlog of approximately $1.4 billion (with $807.8 million expected in the next 12 months), and domestic manufacturing investments including an advanced microelectronics center in Phoenix. The company spent $67.6 million on R&D in FY2025 and employed 2,162 people total with 579 in R&D.
Mercury Systems (MRCY) reported that it has issued a press release and an earnings presentation reporting the company's results for the fourth quarter and fiscal year ended June 27, 2025. Those materials are attached to this Current Report as Exhibits 99.1 and 99.2 and are incorporated by reference in the report's exhibit list.
The company discloses use of non-GAAP financial measures including adjusted EBITDA, adjusted income, adjusted EPS, and free cash flow. The filing states these measures exclude certain non-cash and specified charges, are used by management to evaluate performance, and are not intended as substitutes for GAAP results.
William Blair Investment Management, LLC filed Amendment No. 8 to Schedule 13G disclosing its beneficial ownership of Mercury Systems, Inc. (MRCY) common stock as of 30 June 2025.
- Owns 4,695,683 shares, equal to 7.9 % of the outstanding class.
- Holds sole voting power over 4,375,808 shares and sole dispositive power over the full 4,695,683 shares; no shared authority reported.
- Filed under Rule 13d-1(b) as a registered investment adviser (IA) organized in Delaware.
- Certification states the position is held in the ordinary course of business and not to influence control of the issuer.
The filing confirms a sizable institutional stake but does not provide financial performance data or signal strategic changes at Mercury Systems.