Mercury Systems, Inc. (MRCY) quarterly income statement — complete revenue, gross profit & net income history
Mercury Systems, Inc. (MRCY) annual income statement — 29-year revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 289.78M | 235.76M | 232.87M | 225.21M | 273.11M | 211.36M | 223.13M | 204.43M | 248.56M | 204.43M | 248.56M | 180.99M | 253.24M | 263.48M | 229.59M | 227.58M | 289.73M | 253.07M | 220.38M | 225.01M |
| Revenue Growth % | 6.11% | 11.54% | 4.37% | 10.16% | 9.87% | 3.39% | -10.23% | 12.95% | -1.85% | -22.41% | 8.26% | -20.47% | -12.6% | 4.11% | 4.18% | 1.14% | 15.5% | -1.47% | 4.61% | 9.43% |
| Cost of Goods Sold | 210.59M | 176.27M | 172.24M | 162.31M | 188.34M | 154.25M | 162.3M | 152.64M | 175.35M | 152.64M | 175.35M | 130.46M | 185.85M | 173.19M | 148.63M | 149.48M | 170.16M | 153.32M | 133.16M | 136.6M |
| COGS % of Revenue | 72.67% | 74.77% | 73.96% | 72.07% | 68.96% | 72.98% | 72.74% | 74.67% | 70.55% | 74.67% | 70.55% | 72.08% | 73.39% | 65.73% | 64.74% | 65.68% | 58.73% | 60.58% | 60.42% | 60.71% |
| Gross Profit | 79.19M | 59.49M | 60.63M | 62.9M | 84.77M | 57.11M | 60.83M | 51.79M | 73.21M | 51.79M | 73.21M | 50.53M | 67.38M | 90.29M | 80.96M | 78.09M | 119.57M | 99.75M | 87.22M | 88.41M |
| Gross Margin % | 27.33% | 25.23% | 26.04% | 27.93% | 31.04% | 27.02% | 27.26% | 25.33% | 29.45% | 25.33% | 29.45% | 27.92% | 26.61% | 34.27% | 35.26% | 34.32% | 41.27% | 39.42% | 39.58% | 39.29% |
| Gross Profit Growth % | -6.58% | 4.17% | -0.32% | 21.45% | 15.78% | 10.27% | -16.92% | 2.5% | 8.65% | -42.64% | -9.57% | -35.3% | -43.65% | -9.49% | -7.18% | -11.67% | 16.34% | -5.56% | -1.63% | 0.33% |
| Operating Expenses | 62.19M | 52.03M | 71.45M | 71.5M | 61.22M | 74.45M | 73.24M | 65.21M | 81.18M | 65.21M | 81.18M | 90.73M | 76.28M | 88.33M | 88.51M | 85.29M | 91.95M | 89.8M | 87.61M | 93.98M |
| OpEx % of Revenue | 21.46% | 22.07% | 30.68% | 31.75% | 22.42% | 35.23% | 32.83% | 31.9% | 32.66% | 31.9% | 32.66% | 50.13% | 30.12% | 33.53% | 38.55% | 37.48% | 31.74% | 35.48% | 39.75% | 41.77% |
| Selling, General & Admin | 46.03M | 39.14M | 42.14M | 45.91M | 37.71M | 43.04M | 40.5M | 33.15M | 43.37M | 33.15M | 43.37M | 35.79M | 32.01M | 44.63M | 45.06M | 38.94M | 44.02M | 39.26M | 36.81M | 36.96M |
| SG&A % of Revenue | 15.88% | 16.6% | 18.1% | 20.38% | 13.81% | 20.37% | 18.15% | 16.22% | 17.45% | 16.22% | 17.45% | 19.78% | 12.64% | 16.94% | 19.63% | 17.11% | 15.19% | 15.51% | 16.7% | 16.42% |
| Research & Development | 16.16M | 15.01M | 15.38M | 13.18M | 11.91M | 15.98M | 21.37M | 18.38M | 19.42M | 18.38M | 19.42M | 31.87M | 27.61M | 26.52M | 26.91M | 27.77M | 24.57M | 25.39M | 28.34M | 28.88M |
| R&D % of Revenue | 5.58% | 6.37% | 6.6% | 5.85% | 4.36% | 7.56% | 9.58% | 8.99% | 7.81% | 8.99% | 7.81% | 17.61% | 10.9% | 10.06% | 11.72% | 12.2% | 8.48% | 10.03% | 12.86% | 12.84% |
| Other Operating Expenses | 0 | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 17.01M | 7.46M | -10.82M | -8.6M | 23.55M | -17.34M | -12.41M | -13.42M | -7.97M | -13.42M | -7.97M | -40.2M | -8.9M | 1.95M | -7.55M | -7.19M | 27.62M | 9.96M | -387K | -5.58M |
| Operating Margin % | 5.87% | 3.16% | -4.65% | -3.82% | 8.62% | -8.21% | -5.56% | -6.56% | -3.21% | -6.56% | -3.21% | -22.21% | -3.51% | 0.74% | -3.29% | -3.16% | 9.53% | 3.93% | -0.18% | -2.48% |
| Operating Income Growth % | -27.78% | 142.99% | 12.86% | 35.93% | 395.56% | -29.26% | -55.81% | 66.62% | 10.45% | -786.69% | -5.58% | -458.81% | -132.22% | -80.37% | -1850.13% | -29.04% | 23.26% | -54.15% | -102.14% | -129.7% |
| EBITDA | 34.52M | 25.41M | 7.48M | 10.32M | 43.52M | 2.57M | 8.51M | 7.8M | 13.42M | 8.34M | 13.42M | -17.51M | 13.6M | 25.85M | 19.69M | 16.51M | 51.01M | 34.42M | 23.68M | 15.91M |
| EBITDA Margin % | 11.91% | 10.78% | 3.21% | 4.58% | 15.93% | 1.22% | 3.81% | 3.82% | 5.4% | 4.08% | 5.4% | -9.67% | 5.37% | 9.81% | 8.57% | 7.25% | 17.61% | 13.6% | 10.74% | 7.07% |
| EBITDA Growth % | -20.67% | 888.06% | -12.05% | 32.22% | 224.21% | -69.15% | -36.62% | 144.56% | -1.33% | -67.75% | -31.81% | -206.07% | -73.33% | -24.91% | -16.86% | 3.72% | 17.95% | -17.4% | -24.58% | -49.9% |
| D&A (Non-Cash Add-back) | 17.51M | 17.96M | 18.3M | 18.91M | 19.97M | 19.92M | 20.92M | 21.22M | 21.39M | 21.75M | 21.39M | 22.69M | 22.5M | 23.89M | 27.23M | 23.7M | 23.4M | 24.46M | 24.07M | 21.49M |
| EBIT | 17.01M | 4.64M | -9.61M | -8.65M | 26.84M | -13.75M | -15.87M | -14.21M | -9.44M | -14.21M | -9.44M | -41.87M | -7.51M | 1.42M | -6.48M | -10.81M | 24.98M | 7.91M | -1.7M | -6.99M |
| Net Interest Income | -4.98M | -4.82M | -6.2M | -5.86M | -6.66M | -6.78M | -8.02M | -8.36M | -8.63M | -8.36M | -8.63M | -7.76M | -6.59M | -6.63M | -6.37M | -4.52M | -2.43M | -1.55M | -1.09M | -586K |
| Interest Income | 1.54M | 2.51M | 1.65M | 2.03M | 1.37M | 1.29M | 406K | 544K | 525K | 544K | 525K | 103K | 724K | 80K | 220K | 29K | 19K | 110K | 5K | 9K |
| Interest Expense | 6.52M | 7.33M | 7.85M | 7.89M | 8.03M | 8.07M | 8.43M | 8.91M | 9.16M | 8.91M | 9.16M | 7.86M | 7.31M | 6.71M | 6.59M | 4.55M | 2.45M | 1.66M | 1.09M | 595K |
| Other Income/Expense | -9.21M | -10.14M | -6.64M | -7.94M | -4.73M | -4.47M | -11.89M | -9.7M | -10.63M | -9.7M | -10.63M | -9.53M | -5.93M | -7.24M | -5.52M | -8.16M | -5.09M | -3.71M | -2.41M | -2.01M |
| Pretax Income | 7.79M | -2.69M | -17.46M | -16.54M | 18.82M | -21.82M | -24.3M | -23.12M | -18.6M | -23.12M | -18.6M | -49.73M | -14.82M | -5.29M | -13.07M | -15.36M | 22.53M | 6.24M | -2.79M | -7.58M |
| Pretax Margin % | 2.69% | -1.14% | -7.5% | -7.34% | 6.89% | -10.32% | -10.89% | -11.31% | -7.48% | -11.31% | -7.48% | -27.48% | -5.85% | -2.01% | -5.69% | -6.75% | 7.78% | 2.47% | -1.27% | -3.37% |
| Income Tax | 7M | 174K | -2.36M | -4.02M | 2.45M | -2.65M | -6.72M | -5.59M | -7.82M | -5.59M | -7.82M | -13.03M | -6.59M | -10.45M | -2.15M | -1.02M | 5.61M | 2.1M | -155K | -441K |
| Effective Tax Rate % | 89.76% | -6.48% | 13.54% | 24.32% | 13% | 12.14% | 27.67% | 24.2% | 42.06% | 24.2% | 42.06% | 26.19% | 44.44% | 197.47% | 16.46% | 6.65% | 24.92% | 33.68% | 5.55% | 5.82% |
| Net Income | 798K | -2.86M | -15.1M | -12.52M | 16.37M | -19.17M | -17.58M | -17.52M | -10.78M | -17.52M | -10.78M | -36.71M | -8.24M | 5.16M | -10.92M | -14.34M | 16.91M | 4.14M | -2.64M | -7.14M |
| Net Margin % | 0.28% | -1.21% | -6.48% | -5.56% | 5.99% | -9.07% | -7.88% | -8.57% | -4.34% | -8.57% | -4.34% | -20.28% | -3.25% | 1.96% | -4.76% | -6.3% | 5.84% | 1.64% | -1.2% | -3.17% |
| Net Income Growth % | -95.13% | 85.08% | 14.13% | 28.59% | 251.9% | -9.39% | -63.12% | 52.26% | -30.85% | -439.9% | 1.31% | -156.07% | -148.69% | 24.57% | -313.79% | -100.77% | -5.63% | -73.53% | -120.8% | -145.2% |
| Net Income (Continuing) | 798K | -2.86M | -15.1M | -12.52M | 16.37M | -19.17M | -17.58M | -17.52M | -10.78M | -17.52M | -10.78M | -36.71M | -8.24M | 5.16M | -10.92M | -14.34M | 16.91M | 4.14M | -2.64M | -7.14M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.01 | -0.05 | -0.26 | -0.21 | 0.28 | -0.33 | -0.30 | -0.30 | -0.19 | -0.30 | -0.19 | -0.64 | -0.15 | 0.09 | -0.19 | -0.26 | 0.30 | 0.07 | -0.05 | -0.13 |
| EPS Growth % | -95.36% | 85.39% | 13.33% | 30% | 247.37% | -10% | -57.89% | 53.13% | -26.67% | -433.33% | 0% | -146.15% | -150% | 28.57% | -280% | -100% | -6.25% | -75% | -121.74% | -144.83% |
| EPS (Basic) | 0.01 | -0.05 | -0.26 | -0.21 | 0.28 | -0.33 | -0.30 | -0.30 | -0.19 | -0.30 | -0.19 | -0.64 | -0.15 | 0.09 | -0.19 | -0.26 | 0.30 | 0.07 | -0.05 | -0.13 |
| Diluted Shares Outstanding | 61.26M | 59.39M | 59.41M | 59.19M | 58.75M | 58.75M | 58.56M | 58.26M | 58M | 58.26M | 57.68M | 57.1M | 56.8M | 56.9M | 56.25M | 55.93M | 56.26M | 56.03M | 55.52M | 55.38M |
| Basic Shares Outstanding | 59.55M | 59.39M | 59.41M | 59.19M | 58.75M | 58.75M | 58.56M | 58.26M | 58M | 58.26M | 57.68M | 57.1M | 56.8M | 56.51M | 56.25M | 55.93M | 55.61M | 55.59M | 55.52M | 55.38M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |