Company: MRCY
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001049521-25-000062
Chunk: 12

Company: MERCURY SYSTEMS INC
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 12
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 and outstanding at September 26, 2025 and June 27, 2025, respectively594 590 Additional paid-in capital1,301,397 1,287,478 Retained earnings169,380 181,895 Accumulated other comprehensive income3,638 3,498 Total shareholders’ equity1,475,009 1,473,461 Total liabilities and shareholders’ equity$2,457,592 $2,434,764 

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

3

MERCURY SYSTEMS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except per share data) 

(Unaudited)

 First Quarters Ended September 26, 2025September 27, 2024Net revenues$225,209 $204,431 Cost of revenues162,310 152,641 Gross margin62,899 51,790 Operating expenses:Selling, general and administrative45,906 33,153 Research and development13,184 18,383 Amortization of intangible assets10,259 11,235 Restructuring and other charges1,584 2,260 Acquisition costs and other related expenses563 177 Total operating expenses71,496 65,208 Loss from operations(8,597)(13,418)Interest income2,027 544 Interest expense(7,886)(8,906)Other expense, net(2,080)(1,339)Loss before income tax benefit(16,536)(23,119)Income tax benefit(4,021)(5,594)Net loss$(12,515)$(17,525)Basic net loss per share$(0.21)$(0.30)Diluted net loss per share$(0.21)$(0.30)Weighted-average shares outstanding:Basic59,191 58,260 Diluted59,191 58,260 Comprehensive loss:Net loss$(12,515)$(17,525)Change in fair value of derivative instruments, net of tax(256)(5,885)Foreign currency translation adjustments437 (320)Deferred compensation and pension benefit plan, net of tax(41)(54)Total other comprehensive income (loss), net of tax140 (6,259)Total comprehensive loss$(12,375)$(23,