Mercury Systems Q3 revenue rises to $211.4 million; net loss narrows to $19.2 million
Mercury Systems reported third-quarter fiscal 2025 results for the period ended March 28, 2025. Revenue rose to $211.4 million from $208.3 million a year earlier, and the GAAP net loss narrowed to $19.2 million from $44.6 million, while adjusted EPS moved to $0.06 from a loss of $0.26 per share.
Key points
- Revenue was $211.4 million, compared with $208.3 million in the third quarter of fiscal 2024.
- GAAP net loss was $19.2 million, or $0.33 per share, versus $44.6 million, or $0.77 per share, a year earlier.
- Adjusted EPS was $0.06 versus $(0.26), and adjusted EBITDA was $24.7 million versus $(2.4) million.
- Free cash flow was $24.1 million versus $(25.7) million; bookings were $200.4 million, with a quarterly book-to-bill ratio of 0.95.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.