# MERCURY SYSTEMS, INC (MRCY) FY2026 Annual P&L / Income Statement

- Company: MERCURY SYSTEMS, INC (MRCY)
- Period: 2025-06-28 to 2026-07-03
- Filing: FY2026 10-K, filed 2026-08-18, accession number 0001049521-26-000045
- Page: https://plicit.ai/financials/mrcy/fy2026-annual-income-statement
- Chart image: https://plicit.ai/charts/mrcy-fy2026-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-06-28 through 2026-07-03. View: Product and service (Net Revenue by End Application). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues**: 983,622,000 US dollars
- **Cost of revenues**: 702,457,000 US dollars
- **Gross margin**: 281,165,000 US dollars
- **Total operating expenses**: 280,885,000 US dollars
- **Income (loss) from operations**: 280,000 US dollars
- **Other income (expense), net (calculated)**: negative 29,169,000 US dollars
- **Loss before income taxes**: negative 28,889,000 US dollars
- **Income tax expense (benefit)**: 784,000 US dollars
- **Net loss**: negative 29,673,000 US dollars
- **Radar End User Applications**: 188,819,000 US dollars
- **Electronic Warfare End User Applications**: 113,279,000 US dollars
- **Other Sensor And Effector Applications**: 145,692,000 US dollars
- **C4I Applications**: 399,752,000 US dollars
- **Other End User Applications**: 136,080,000 US dollars
- **Selling, general and administrative**: 175,031,000 US dollars
- **Research and development**: 59,736,000 US dollars
- **Amortization of intangible assets**: 38,904,000 US dollars
- **Restructuring and other charges**: 5,939,000 US dollars
- **Acquisition costs and other related expenses**: 1,275,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Product and Service (2)

- Page: https://plicit.ai/financials/mrcy/fy2026-annual-income-statement/revenue-by-product-and-service-2
- Chart image: https://plicit.ai/charts/mrcy-fy2026-annual-revenue-by-product-and-service-2-sankey.png

Income statement for 2025-06-28 through 2026-07-03. View: Product and service (Net Revenue by Platform). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues**: 983,622,000 US dollars
- **Cost of revenues**: 702,457,000 US dollars
- **Gross margin**: 281,165,000 US dollars
- **Total operating expenses**: 280,885,000 US dollars
- **Income (loss) from operations**: 280,000 US dollars
- **Other income (expense), net (calculated)**: negative 29,169,000 US dollars
- **Loss before income taxes**: negative 28,889,000 US dollars
- **Income tax expense (benefit)**: 784,000 US dollars
- **Net loss**: negative 29,673,000 US dollars
- **Airborne**: 372,538,000 US dollars
- **Land**: 219,945,000 US dollars
- **Naval**: 110,614,000 US dollars
- **Space**: 78,021,000 US dollars
- **Other**: 202,504,000 US dollars
- **Selling, general and administrative**: 175,031,000 US dollars
- **Research and development**: 59,736,000 US dollars
- **Amortization of intangible assets**: 38,904,000 US dollars
- **Restructuring and other charges**: 5,939,000 US dollars
- **Acquisition costs and other related expenses**: 1,275,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Product and Service (3)

- Page: https://plicit.ai/financials/mrcy/fy2026-annual-income-statement/revenue-by-product-and-service-3
- Chart image: https://plicit.ai/charts/mrcy-fy2026-annual-revenue-by-product-and-service-3-sankey.png

Income statement for 2025-06-28 through 2026-07-03. View: Product and service (Net Revenue by Product Grouping). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues**: 983,622,000 US dollars
- **Cost of revenues**: 702,457,000 US dollars
- **Gross margin**: 281,165,000 US dollars
- **Total operating expenses**: 280,885,000 US dollars
- **Income (loss) from operations**: 280,000 US dollars
- **Other income (expense), net (calculated)**: negative 29,169,000 US dollars
- **Loss before income taxes**: negative 28,889,000 US dollars
- **Income tax expense (benefit)**: 784,000 US dollars
- **Net loss**: negative 29,673,000 US dollars
- **Components**: 205,127,000 US dollars
- **Modules and Sub-assemblies**: 289,569,000 US dollars
- **Integrated Subsystems**: 488,926,000 US dollars
- **Selling, general and administrative**: 175,031,000 US dollars
- **Research and development**: 59,736,000 US dollars
- **Amortization of intangible assets**: 38,904,000 US dollars
- **Restructuring and other charges**: 5,939,000 US dollars
- **Acquisition costs and other related expenses**: 1,275,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/mrcy/fy2026-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/mrcy-fy2026-annual-revenue-by-geography-sankey.png

Income statement for 2025-06-28 through 2026-07-03. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues**: 983,622,000 US dollars
- **Cost of revenues**: 702,457,000 US dollars
- **Gross margin**: 281,165,000 US dollars
- **Total operating expenses**: 280,885,000 US dollars
- **Income (loss) from operations**: 280,000 US dollars
- **Other income (expense), net (calculated)**: negative 29,169,000 US dollars
- **Loss before income taxes**: negative 28,889,000 US dollars
- **Income tax expense (benefit)**: 784,000 US dollars
- **Net loss**: negative 29,673,000 US dollars
- **UNITED STATES**: 843,653,000 US dollars
- **International/Foreign Military Sales**: 139,969,000 US dollars
- **Selling, general and administrative**: 175,031,000 US dollars
- **Research and development**: 59,736,000 US dollars
- **Amortization of intangible assets**: 38,904,000 US dollars
- **Restructuring and other charges**: 5,939,000 US dollars
- **Acquisition costs and other related expenses**: 1,275,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.