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AI brief of an SEC Form 8-K · Mercury Systems (MRCY)

Mercury Systems Q4 revenue rises 9.9% to $273.1 million; GAAP profit $16.4 million

Positive Impact 3 of 5 earnings Written later

Mercury Systems reported fourth-quarter fiscal 2025 revenue of $273.1 million, up from $248.6 million a year earlier, and GAAP net income of $16.4 million, compared with a net loss of $10.8 million in the prior-year quarter. For the full fiscal year, revenue rose to $912.0 million from $835.3 million, while the GAAP net loss narrowed to $37.9 million from $137.6 million, and the company reported a record backlog of $1.40 billion.

Key points

  • Q4 fiscal 2025 GAAP diluted EPS was $0.27, versus a loss of $0.19 a year earlier; adjusted EPS was $0.47, versus $0.23
  • Q4 fiscal 2025 adjusted EBITDA was $51.3 million, compared with $31.2 million in the prior-year quarter
  • Q4 bookings were a record $341.5 million, with a book-to-bill ratio of 1.25 and backlog of $1.40 billion at June 27, 2025
  • Free cash flow was a record $119.0 million for fiscal 2025, compared with $26.1 million in fiscal 2024

The filing

CompanyMercury Systems (MRCY)
Form8-K, current report
Filed with the SECAug 11, 2025, 4:01 PM ET
Accession number0001049521-25-000022

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 August 11, 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.