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

Mercury Systems Q1 revenue rises 10.2% and net loss narrows; $850M credit facility set

Positive Impact 4 of 5 earnings Written later

Mercury Systems reported first-quarter fiscal 2026 revenue of $225.2 million, up from $204.4 million a year earlier, and a GAAP net loss of $12.5 million, down from $17.5 million. On November 4, 2025, it also signed a new five-year $850.0 million revolving credit facility maturing in 2030, which replaces its existing $900.0 million revolver, and its board authorized a $200.0 million share repurchase program.

Key points

  • Q1 fiscal 2026 revenue was $225.2 million, up from $204.4 million; adjusted EBITDA was $35.6 million, up from $21.5 million.
  • GAAP net loss was $12.5 million, or $0.21 per share, compared with a net loss of $17.5 million, or $0.30 per share, a year earlier.
  • New $850.0 million revolving credit facility matures November 4, 2030; $591.5 million was outstanding before and after the amendment.
  • Board authorized on November 3, 2025 a share repurchase program of up to $200.0 million with no expiration date.

The filing

CompanyMercury Systems (MRCY)
Form8-K, current report
Filed with the SECNov 4, 2025, 4:12 PM ET
Accession number0001049521-25-000060

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations2.03 New Direct Financial Obligation8.01 Other Events

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 November 04, 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.