Company: MRCY
Filing Date: 2025-08-11
Form Type: 10-K
Source: 0001049521-25-000024
Chunk: 89

Company: MERCURY SYSTEMS INC
Filing Date: 2025-08-11
Form: 10-K
Item: Item 8
Chunk 89
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59,003,174 and 58,093,528 shares issued and outstanding at June 27, 2025 and June 28, 2024, respectively590 581 Additional paid-in capital1,287,478 1,242,402 Retained earnings181,895 219,799 Accumulated other comprehensive income3,498 9,993 Total shareholders’ equity1,473,461 1,472,775 Total liabilities and shareholders’ equity$2,434,764 $2,378,905 

The accompanying notes are an integral part of the consolidated financial statements.

45

Table of Contents

MERCURY SYSTEMS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except per share data) 

 For the Fiscal Years Ended June 27, 2025June 28, 2024June 30, 2023Net revenues$912,020 $835,275 $973,882 Cost of revenues657,526 639,374 657,154 Gross margin254,494 195,901 316,728 Operating expenses:Selling, general and administrative154,412 166,786 160,637 Research and development67,647 101,328 108,799 Amortization of intangible assets42,849 47,661 53,552 Restructuring and other charges7,216 26,170 6,981 Acquisition costs and other related expenses1,997 1,710 8,444 Total operating expenses274,121 343,655 338,413 Loss from operations(19,627)(147,754)(21,685)Interest income3,607 1,199 1,053 Interest expense(33,430)(35,015)(25,159)Other expense, net(974)(7,705)(2,751)Loss before income taxes(50,424)(189,275)(48,542)Income tax benefit(12,520)(51,635)(20,207)Net loss$(37,904)$(137,640)$(28,335)Basic net loss per share$(0.65)$(2.38)$(0.50)Diluted net loss per share$(0.65)$(2.38)$(0.50)Weighted-average shares outstanding:Basic58,746