# MERCURY SYSTEMS, INC. (MRCY) FY2026 Q2 P&L / Income Statement - Company: MERCURY SYSTEMS, INC. (MRCY) - Period: 2025-09-27 to 2025-12-26 - Filing: Q2 FY2026 10-Q, filed 2026-02-03, accession number 0001049521-26-000006 - Page: https://plicit.ai/financials/mrcy/fy2026-q2-income-statement - Chart image: https://plicit.ai/charts/mrcy-fy2026-q2-income-statement-sankey.png ## Chart details: Revenue by Product and Service (5 categories) Income statement for 2025-09-27 through 2025-12-26. View: Product and service (5 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net revenues**: 232,872,000 US dollars - **Cost of revenues**: 172,239,000 US dollars - **Gross margin**: 60,633,000 US dollars - **Total operating expenses**: 71,451,000 US dollars - **Loss from operations**: negative 10,818,000 US dollars - **Other income (expense), net (calculated)**: negative 6,641,000 US dollars - **Loss before income tax benefit**: negative 17,459,000 US dollars - **Income tax benefit**: negative 2,364,000 US dollars - **Net loss**: negative 15,095,000 US dollars - **Airborne**: 84,200,000 US dollars - **Land**: 59,110,000 US dollars - **Naval**: 23,891,000 US dollars - **Space**: 11,920,000 US dollars - **Other**: 53,751,000 US dollars - **Selling, general and administrative**: 42,139,000 US dollars - **Research and development**: 15,381,000 US dollars - **Amortization of intangible assets**: 9,694,000 US dollars - **Severance charges**: 4,055,000 US dollars - **Acquisition costs and other related expenses**: 182,000 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 Geographic Distribution - Page: https://plicit.ai/financials/mrcy/fy2026-q2-income-statement/revenue-by-geographic-distribution - Chart image: https://plicit.ai/charts/mrcy-fy2026-q2-revenue-by-geographic-distribution-sankey.png Income statement for 2025-09-27 through 2025-12-26. View: Geographic Distribution. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net revenues**: 232,872,000 US dollars - **Cost of revenues**: 172,239,000 US dollars - **Gross margin**: 60,633,000 US dollars - **Total operating expenses**: 71,451,000 US dollars - **Loss from operations**: negative 10,818,000 US dollars - **Other income (expense), net (calculated)**: negative 6,641,000 US dollars - **Loss before income tax benefit**: negative 17,459,000 US dollars - **Income tax benefit**: negative 2,364,000 US dollars - **Net loss**: negative 15,095,000 US dollars - **Domestic**: 194,480,000 US dollars - **International/Foreign Military Sales**: 38,392,000 US dollars - **Selling, general and administrative**: 42,139,000 US dollars - **Research and development**: 15,381,000 US dollars - **Amortization of intangible assets**: 9,694,000 US dollars - **Severance charges**: 4,055,000 US dollars - **Acquisition costs and other related expenses**: 182,000 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 End Application - Page: https://plicit.ai/financials/mrcy/fy2026-q2-income-statement/revenue-by-end-application - Chart image: https://plicit.ai/charts/mrcy-fy2026-q2-revenue-by-end-application-sankey.png Income statement for 2025-09-27 through 2025-12-26. View: End Application. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net revenues**: 232,872,000 US dollars - **Cost of revenues**: 172,239,000 US dollars - **Gross margin**: 60,633,000 US dollars - **Total operating expenses**: 71,451,000 US dollars - **Loss from operations**: negative 10,818,000 US dollars - **Other income (expense), net (calculated)**: negative 6,641,000 US dollars - **Loss before income tax benefit**: negative 17,459,000 US dollars - **Income tax benefit**: negative 2,364,000 US dollars - **Net loss**: negative 15,095,000 US dollars - **C4I Applications**: 90,868,000 US dollars - **Other**: 36,848,000 US dollars - **Radar**: 53,724,000 US dollars - **Electronic Warfare**: 27,483,000 US dollars - **Other Sensor & Effector**: 23,949,000 US dollars - **Selling, general and administrative**: 42,139,000 US dollars - **Research and development**: 15,381,000 US dollars - **Amortization of intangible assets**: 9,694,000 US dollars - **Severance charges**: 4,055,000 US dollars - **Acquisition costs and other related expenses**: 182,000 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 categories) - Page: https://plicit.ai/financials/mrcy/fy2026-q2-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/mrcy-fy2026-q2-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2025-09-27 through 2025-12-26. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net revenues**: 232,872,000 US dollars - **Cost of revenues**: 172,239,000 US dollars - **Gross margin**: 60,633,000 US dollars - **Total operating expenses**: 71,451,000 US dollars - **Loss from operations**: negative 10,818,000 US dollars - **Other income (expense), net (calculated)**: negative 6,641,000 US dollars - **Loss before income tax benefit**: negative 17,459,000 US dollars - **Income tax benefit**: negative 2,364,000 US dollars - **Net loss**: negative 15,095,000 US dollars - **Components**: 48,703,000 US dollars - **Modules and Sub-assemblies**: 60,496,000 US dollars - **Integrated Subsystems**: 123,673,000 US dollars - **Selling, general and administrative**: 42,139,000 US dollars - **Research and development**: 15,381,000 US dollars - **Amortization of intangible assets**: 9,694,000 US dollars - **Severance charges**: 4,055,000 US dollars - **Acquisition costs and other related expenses**: 182,000 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-q2-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/mrcy-fy2026-q2-revenue-by-geography-sankey.png Income statement for 2025-09-27 through 2025-12-26. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net revenues**: 232,872,000 US dollars - **Cost of revenues**: 172,239,000 US dollars - **Gross margin**: 60,633,000 US dollars - **Total operating expenses**: 71,451,000 US dollars - **Loss from operations**: negative 10,818,000 US dollars - **Other income (expense), net (calculated)**: negative 6,641,000 US dollars - **Loss before income tax benefit**: negative 17,459,000 US dollars - **Income tax benefit**: negative 2,364,000 US dollars - **Net loss**: negative 15,095,000 US dollars - **UNITED STATES**: 221,010,000 US dollars - **Europe**: 11,862,000 US dollars - **Selling, general and administrative**: 42,139,000 US dollars - **Research and development**: 15,381,000 US dollars - **Amortization of intangible assets**: 9,694,000 US dollars - **Severance charges**: 4,055,000 US dollars - **Acquisition costs and other related expenses**: 182,000 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.