Mercury Earnings Reports

Mercury Systems delivered robust Q4 2025 results, achieving record quarterly bookings and backlog, higher revenue, and a swing to net income compared to a loss last year.

Mercury Systems delivered solid results in the third quarter of fiscal 2025, meeting or exceeding expectations with increased revenue, improved adjusted EBITDA and margin, and strong free cash flow. The company also saw an increase in total backlog.

Mercury Systems reported Q2 FY25 results with revenue of $223.1 million, a GAAP net loss of $17.6 million, and adjusted EBITDA of $22.0 million. The company secured bookings of $242.4 million, resulting in a book-to-bill ratio of 1.09. They also achieved record free cash flow of $81.9 million and a record backlog of $1.4 billion.

Mercury Systems reported Q1 FY25 results with revenue of $204.4 million, a book-to-bill ratio of 1.21, and a net loss of $17.5 million. The company's backlog reached a record $1.3 billion, up 16% year-over-year.

Mercury Systems reported Q4 FY24 revenue of $248.6 million. The company's GAAP net loss was $10.8 million, with an adjusted EBITDA of $31.2 million. Free cash flow for the quarter was $61.4 million. The company's backlog reached a record $1.3 billion, up 16% year-over-year.

Mercury Systems reported a decline in revenue and profitability for Q3 2024, with a net loss of $44.6 million and adjusted EBITDA of -$2.4 million. However, the company saw an increase in backlog to $1.29 billion, up 17% year-over-year, and made progress in its strategic focus areas.

Mercury Systems reported Q2 fiscal year 2024 results with bookings of $325.4 million and a book-to-bill ratio of 1.65. Revenue was $197.5 million. The company had a GAAP net loss of $45.6 million and adjusted EBITDA loss of $21.3 million. Operating cash flow was $45.5 million and free cash flow was $37.5 million.

Mercury Systems reported a decrease in revenue for the first quarter of fiscal year 2024, with revenues of $181.0 million compared to $227.6 million in the first quarter of fiscal year 2023. The company's GAAP net loss was $36.7 million, or $0.64 per share, compared to a net loss of $14.3 million, or $0.26 per share, in the first quarter of fiscal year 2023. Adjusted EPS was $(0.24) per share, compared to $0.24 per share in the first quarter of fiscal year 2023.

Mercury Systems reported a decrease in Q4 revenue to $253.2 million compared to $289.7 million in the same period last year. The company experienced a net loss of $8.2 million, or $0.15 per share, a significant shift from the net income of $16.9 million, or $0.30 per share, in Q4 2022. Management is focused on enhanced execution of challenged programs, building a thriving organic growth engine, addressing cost structure, and accelerating free cash flow conversion.

Mercury Systems reported a 4% increase in revenue year-over-year, exceeding guidance. However, GAAP net income increased to $5.2 million, or $0.09 per share, and adjusted EPS decreased to $0.40 per share. The company's backlog grew 10% year-over-year, reaching $1.10 billion.

Mercury Systems reported a 4% increase in revenue compared to the previous year, reaching $229.6 million. However, the company experienced a net loss of $10.9 million, or $0.19 per share, compared to a net loss of $2.6 million, or $0.05 per share, in the same quarter of the previous year. Adjusted EPS was $0.26, down from $0.39 in the prior year. The company's book-to-bill ratio was 1.18, and backlog grew to a record $1.12 billion. The Board of Directors decided to initiate a review of strategic alternatives to enhance shareholder value.

Mercury Systems reported a slight increase in revenue for Q1 2023, with a significant increase in bookings and backlog. However, the company experienced a net loss and a decrease in adjusted earnings per share compared to the previous year. The company is raising the low end of its full-year guidance for revenue and adjusted EBITDA.

Mercury Systems reported record bookings of $332 million and record revenue of $290 million for the fourth quarter of fiscal 2022. Bookings increased 27% year over year and 12% sequentially, yielding a book-to-bill of 1.14. The company is executing its 1MPACT value-creation initiative to mitigate supply chain, labor, and inflationary pressures.

Mercury Systems reported solid third-quarter results with record bookings of $295 million, a book-to-bill ratio of 1.17, and a backlog of $996 million. The company's revenue was $253.1 million, with GAAP net income at $4.1 million, or $0.07 per share, and adjusted EPS at $0.57 per share. They refinanced their revolving credit facility to $1.1 billion and are executing their 1MPACT value creation initiative.

Mercury Systems reported a 5% increase in revenue compared to the previous year, reaching $220.4 million. The company's bookings totaled $236.9 million, resulting in a book-to-bill ratio of 1.08. Net loss was $(2.6) million, or $(0.05) per share, while adjusted EPS was $0.39. The company completed acquisitions of Avalex Technologies and Atlanta Micro.

Mercury Systems reported a 9% increase in revenues to $225 million for the first quarter of fiscal 2022. The company's net loss was $(7.1) million, or $(0.13) per share, while adjusted EPS was $0.41. They also announced an agreement to acquire Avalex Technologies.

Mercury Systems reported a revenue increase of 15% to $250.8 million compared to the previous year. Net income was $17.9 million, or $0.32 per share, while adjusted EPS was $0.73. The company's bookings were $260.2 million, resulting in a book-to-bill ratio of 1.04, and backlog was over $900 million entering fiscal year 2022.

Mercury Systems reported a strong Q3 fiscal 2021 with record revenues of $256.9 million, a 23% increase year-over-year. GAAP net income was $15.6 million, or $0.28 per share, while adjusted EPS was $0.64. The company's backlog increased to $893.7 million.

Mercury Systems reported a 9% increase in revenue compared to the previous year, with revenue reaching $210.7 million. The company's bookings totaled $210.1 million, resulting in a book-to-bill ratio of 1.0. GAAP net income was $12.7 million, or $0.23 per share, while adjusted earnings per share was $0.54. The company completed the acquisition of Physical Optics Corporation during the quarter.

Mercury Systems reported a strong start to fiscal year 2021, with revenue increasing by 16% year-over-year, including 12% organic growth. The company exceeded its guidance for revenues, net income, adjusted EBITDA, EPS, and adjusted EPS. Mercury's backlog increased by 16% over the prior year, reaching $826 million.

Mercury Systems reported a strong fourth quarter and fiscal year 2020, achieving record bookings, revenues, net income, EPS, and backlog. The company's resilience was evident amidst the COVID-19 pandemic, with a focus on supporting customers and ensuring employee safety. The company is well-positioned for continued growth and profitability.

Mercury Systems reported record third-quarter fiscal year 2020 results, with revenue increasing by 19% year-over-year to $208.0 million. The company achieved record bookings of $250.3 million, resulting in a book-to-bill ratio of 1.20. GAAP net income was $23.6 million, or $0.43 per share, compared to $14.1 million, or $0.29 per share, for the third quarter of fiscal 2019.

Mercury Systems reported record revenue of $193.9 million, a 22% increase year-over-year, with 12% organic growth. Net income was $15.7 million, or $0.29 per share, compared to $12.4 million, or $0.26 per share, in the prior year. Bookings exceeded $200 million for the third consecutive quarter, and backlog increased 39% year-over-year.