Company: MRCY
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001049521-25-000062
Chunk: 125

Company: MERCURY SYSTEMS INC
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 125
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 in the same manner as similarly titled measures used by other companies. We expect to continue to incur expenditures similar to the free cash flow adjustment described above, and investors should not infer from our presentation of this non-GAAP financial measure that these expenditures reflect all of our obligations which require cash.

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The following table reconciles cash used in operating activities, the most directly comparable GAAP financial measure, to free cash flow:

 First Quarters Ended(In thousands)September 26, 2025September 27, 2024Net cash provided by (used in) operating activities$2,182 $(14,660)Purchase of property and equipment(6,548)(6,236)Free cash flow$(4,366)$(20,896)

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS 

See Note B to our consolidated financial statements (under the caption "Recently Issued Accounting Pronouncements").

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

See Note B to our consolidated financial statements (under the caption "Recently Adopted Accounting Pronouncements").

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