Welcome to our dedicated page for Mercury Sys SEC filings (Ticker: MRCY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Mercury Systems, Inc. (NASDAQ: MRCY) SEC filings page provides access to the company’s official regulatory disclosures as a Massachusetts-incorporated issuer in the aerospace and defense technology space. Mercury operates in search, detection, navigation, guidance, aeronautical, and nautical system and instrument manufacturing, and its filings offer detailed insight into how it finances and governs its mission-critical processing business.
Through this page, users can review annual reports on Form 10-K and quarterly reports on Form 10-Q, which discuss Mercury’s operations, risk factors, and financial results, including the use of non-GAAP metrics such as adjusted EBITDA, adjusted income, adjusted earnings per share, and free cash flow. Current reports on Form 8-K document material events such as amendments to the company’s revolving credit facility, the creation of direct financial obligations, share repurchase program authorizations, earnings releases, and outcomes of the annual meeting of shareholders.
Proxy statements on Form DEF 14A provide information on corporate governance, Board committee structure, director elections, and executive compensation matters. Investors interested in capital structure and liquidity can examine filings describing the company’s amended credit agreement, borrowing capacity, covenants, and related guarantees and security arrangements.
Stock Titan enhances these Mercury Systems SEC filings with AI-powered summaries that explain complex sections in plain language, helping users understand key points in lengthy 10-K and 10-Q reports. Real-time updates from EDGAR ensure that new 8-Ks, proxy statements, and other disclosures appear promptly. Users can also quickly locate Form 4 insider transaction reports, along with other ownership and governance-related filings, to see how Mercury’s executives and directors interact with the company’s stock over time.
Mercury Systems (MRCY)$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.
Mercury Systems (MRCY) amended its credit agreement and authorized a share repurchase program. The company entered Amendment No. 7, establishing a new five-year revolving credit facility with $850.0 million in commitments maturing on November 4, 2030, and terminating the prior $900.0 million revolver. Wells Fargo becomes administrative agent, succeeding Bank of America.
Key terms include removing credit spread adjustments, increasing unrestricted cash netting in leverage calculations to $225.0 million, updating the definition of consolidated EBITDA, permitting up to $100.0 million in receivables factoring, and adding a springing senior secured net leverage covenant triggered by issuance of at least $350.0 million of convertible or senior unsecured debt. Borrowings outstanding were $591.5 million both before and after closing. The Board separately authorized repurchases of up to $200.0 million of common stock with no expiration, via open market or privately negotiated transactions.
Mercury Systems (MRCY)
Auditor KPMG LLP was ratified. Following the meeting, the Board named William L. Ballhaus as Chairman and Barry R. Nearhos as Lead Independent Director, and set committee memberships for the coming year, including Barry R. Nearhos (Audit Chair), Lisa S. Disbrow (Government Relations Chair), Howard L. Lance (Human Capital and Compensation Chair), Orlando P. Carvalho (M&A and Finance Chair), and Barry R. Nearhos (Nominating and Governance Chair).
Mercury Systems (MRCY) reported a director’s acquisition of 2,362 deferred stock units (recorded as common stock with footnote) at $0 on 10/22/2025. Following the transaction, the director beneficially owns 7,815 shares directly.
The filing notes these are deferred stock units (DSUs) that vest on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders. Vested DSUs convert into common stock only when the director ceases to serve on the Board.
Mercury Systems (MRCY): JANA Partners Management, LP filed a Form 4 reporting the acquisition of 2,362 shares of common stock on 10/22/2025 at a price of $0, recorded as director compensation via deferred stock units (DSUs). Following the transaction, 5,966,675 shares are reported as indirectly beneficially owned. The DSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders, and convert into common stock only when Scott Ostfeld ceases to serve on the board.
Mercury Systems (MRCY) reported a director acquisition of equity under a routine compensation grant. On 10/22/2025, the director acquired 2,362 deferred stock units (DSUs) at $0.
The DSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders, and convert into common stock only when the director leaves the Board. Following the transaction, the director’s beneficial ownership was 18,533 shares, held directly.
Mercury Systems (MRCY) reported an insider transaction on 10/22/2025. A director acquired 2,362 deferred stock units (DSUs) at a price of $0.
The DSUs vest on the earlier of the first anniversary of the grant date and the next annual meeting of shareholders, and they convert into common stock only when the director ceases to serve on the Board. After the grant, the reporting person beneficially owned 17,481 shares, held directly.
Mercury Systems (MRCY) reported a director’s equity award on Form 4. On 10/22/2025, the director acquired 2,362 deferred stock units (DSUs) at $0 per unit.
Following this transaction, the director beneficially owns 30,605 shares directly, plus 3,500 shares indirectly through a spouse. The DSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders and convert into common stock when the director leaves the Board.
Mercury Systems (MRCY) reported an insider equity grant. A company director acquired 2,362 shares of common stock on 10/22/2025 at $0, recorded as restricted stock units that vest on the earlier of the first anniversary of the grant date and the next annual meeting of shareholders.
Following the transaction, the director’s beneficial ownership stands at 32,104 shares held directly and 9,250 shares held indirectly through The Howard L. Lance Revocable Living Trust dated 9/1/2006.
Mercury Systems (MRCY) reported a director equity grant. On 10/22/2025, a director acquired 2,362 shares reported as restricted stock units, recorded at a price of $0. Following this award, the director beneficially owned 59,448 shares, held directly.
The filing states the restricted stock units vest on the earlier of the first anniversary of the grant date and the next annual meeting of shareholders. This is a routine equity compensation update for board service and does not reflect an open-market purchase or sale.