---
schema_version: "secwatch.filing_event.v1"
accession: "0001049521-25-000014"
form_type: "8-K"
ticker: "MRCY"
cik: "0001049521"
company_name: "MERCURY SYSTEMS INC"
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T10:36:36.922499+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mercury Systems Q3 FY2025 revenue $211.4M, adjusted EBITDA $24.7M, net loss narrows to $19.2M

## Summary
- Revenue $211.4M (+1.5% YoY); GAAP net loss $19.2M ($0.33/sh) improved from $44.6M loss a year ago.
- Adjusted EPS $0.06 vs $(0.26); adjusted EBITDA $24.7M (11.7% margin) vs $(2.4M).
- Bookings $200.4M; backlog $1.34B (+4% YoY); trailing 12-month book-to-bill 1.1.
- Operating cash flow $30.0M; free cash flow $24.1M, up $49.8M YoY.
- Year-to-date revenue growth 8.9%; CEO cites solid execution and progress on four priority areas.

## SEC filing metadata
- accession: 0001049521-25-000014
- form_type: 8-K
- ticker: MRCY
- cik: 0001049521
- company_name: MERCURY SYSTEMS INC
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049521/000104952125000014/0001049521-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049521/000104952125000014/mrcy-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001049521-25-000014
- JSON: https://secwatch.observer/filing/0001049521-25-000014.json
- Plain text: https://secwatch.observer/filing/0001049521-25-000014.txt

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