{"schema_version":"secwatch.filing_event.v1","accession":"0001049521-25-000060","form_type":"8-K","ticker":"MRCY","cik":"0001049521","company_name":"MERCURY SYSTEMS INC","filed_at":"2025-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.658742+00:00","generated_at":"2026-05-17T00:31:43.605512+00:00","sec_items":["1.01","2.02","2.03","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Mercury Systems Q1 revenue up 10% to $225M; record backlog $1.4B; board authorizes $200M buyback","bullets":["Revenue $225.2M (+10.2% YoY); GAAP net loss $12.5M ($0.21/sh) improves from $17.5M loss.","Adjusted EBITDA $35.6M (+66% YoY); adjusted EPS $0.26 vs $0.04.","Bookings $250.2M, book-to-bill 1.11; backlog $1.4B record (+6.5% YoY).","Operating cash flow $2.2M vs $(14.7)M; free cash flow $(4.4)M improves $16.5M.","Board authorized $200M share repurchase; amended credit facility to $850M maturing 2030."],"urls":{"canonical":"https://secwatch.observer/filing/0001049521-25-000060","json":"https://secwatch.observer/filing/0001049521-25-000060.json","markdown":"https://secwatch.observer/filing/0001049521-25-000060.md","text":"https://secwatch.observer/filing/0001049521-25-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1049521/000104952125000060/0001049521-25-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1049521/000104952125000060/mrcy-20251104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:31:43.605512+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"217467199bd8e0a9e59b7335ec408195a0d44dce","claim":"MERCURY SYSTEMS INC incurred revolving credit of $850.0 million with Wells Fargo Bank, National Association at floating rates tied to SOFR or the prime rate plus an applicable percentage maturing November 4, 2030.","evidence_excerpt":"No. 7 as the successor administrative agent to Bank of America, N.A. Amendment No. 7 provides for (1) a new five-year revolving credit facility maturing on November 4, 2030 with $850.0 million in commitments; (2) the paydown of extensions of credit, and termination of commitments, under the Company’s existing $900.0 million revolving credit facility; (3) an increase in","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1049521/000104952125000060/0001049521-25-000060-index.htm","confidence":0.4,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$850.0 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"floating rates tied to SOFR or the prime rate plus an applicable percentage"},{"label":"Maturity","value":"November 4, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}