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Dec 27, 2024
Mercury Q2 2025 Earnings Report
Mercury Systems reported solid results in line with expectations, driven by strong execution and backlog growth.
Key Takeaways
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.
Q2 FY25 bookings were $242.4 million, with a book-to-bill ratio of 1.09.
Record backlog reached $1.4 billion, up 6% year-over-year.
Q2 FY25 revenue was $223.1 million, reflecting a 13% increase year-over-year.
Record operating cash flow was $85.5 million, with free cash flow at $81.9 million, up $44.4 million year-over-year.
Mercury
Mercury
Forward Guidance
No specific forward guidance was provided in the press release.