---
schema_version: "secwatch.filing_event.v1"
accession: "0001049521-24-000042"
form_type: "8-K"
ticker: "MRCY"
cik: "0001049521"
company_name: "MERCURY SYSTEMS INC"
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:07:14.229431+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mercury Systems Q1 FY2025 revenue $204.4M (+13% YoY); net loss narrows to $17.5M

## Summary
- Revenue $204.4M (+13% YoY); GAAP net loss $17.5M ($0.30 loss per share) vs loss $36.7M ($0.64) a year ago.
- Adjusted EBITDA $21.5M (10.5% margin) vs $2.0M; adjusted EPS $0.04 vs $(0.24) in Q1 FY2024.
- Bookings $247.7M (book-to-bill 1.21), up 29% YoY; record backlog $1.34B, up 16% YoY.
- Free cash flow $(20.9)M improved from $(47.1)M in prior-year quarter.

## SEC filing metadata
- accession: 0001049521-24-000042
- form_type: 8-K
- ticker: MRCY
- cik: 0001049521
- company_name: MERCURY SYSTEMS INC
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000042/0001049521-24-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000042/mrcy-20241105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001049521-24-000042
- JSON: https://secwatch.observer/filing/0001049521-24-000042.json
- Plain text: https://secwatch.observer/filing/0001049521-24-000042.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.