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

Company: MERCURY SYSTEMS INC
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 11
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ITEM 1.     FINANCIAL STATEMENTS

MERCURY SYSTEMS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

(Unaudited)September 26, 2025June 27, 2025AssetsCurrent assets:Cash and cash equivalents$304,716 $309,099 Accounts receivable, net of allowance for credit losses of $1,832 and $1,767 at September 26, 2025 and June 27, 2025, respectively92,648 109,588 Unbilled receivables and costs in excess of billings, net of allowance for credit losses of $5,311 for both September 26, 2025 and June 27, 2025274,835 278,475 Inventory340,246 332,920 Prepaid income taxes1,389 457 Prepaid expenses and other current assets70,789 27,639 Total current assets1,084,623 1,058,178 Property and equipment, net102,634 101,440 Goodwill938,093 938,093 Intangible assets, net200,407 210,611 Operating lease right-of-use assets, net53,869 52,264 Deferred tax assets72,861 69,016 Other non-current assets5,105 5,162 Total assets$2,457,592 $2,434,764 Liabilities and Shareholders’ EquityCurrent liabilities:Accounts payable$97,814 $79,116 Accrued expenses75,331 43,143 Accrued compensation23,540 51,321 Deferred revenues and customer advances125,498 126,797 Total current liabilities322,183 300,377 Income taxes payable4,046 4,046 Long-term debt591,500 591,500 Operating lease liabilities53,630 52,738 Other non-current liabilities11,224 12,642 Total liabilities982,583 961,303 Commitments and contingencies (Note M)Shareholders’ equity:Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding— — Common stock, $0.01 par value; 85,000,000 shares authorized; 59,426,779 and 59,003,174 shares issued