# MERCURY SYSTEMS, INC. (MRCY) FY2026 YTD Q2 P&L / Income Statement - Company: MERCURY SYSTEMS, INC. (MRCY) - Period: 2025-06-28 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-ytd-q2-income-statement - Chart image: https://plicit.ai/charts/mrcy-fy2026-ytd-q2-income-statement-sankey.png ## Chart details: Revenue by Product and Service (5 categories) Income statement for 2025-06-28 through 2025-12-26. View: Product and service (5 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net revenues**: 458,081,000 US dollars - **Cost of revenues**: 334,549,000 US dollars - **Gross margin**: 123,532,000 US dollars - **Total operating expenses**: 142,947,000 US dollars - **Loss from operations**: negative 19,415,000 US dollars - **Other income (expense), net (calculated)**: negative 14,580,000 US dollars - **Loss before income tax benefit**: negative 33,995,000 US dollars - **Income tax benefit**: negative 6,385,000 US dollars - **Net loss**: negative 27,610,000 US dollars - **Airborne**: 178,888,000 US dollars - **Land**: 101,993,000 US dollars - **Naval**: 43,530,000 US dollars - **Space**: 30,395,000 US dollars - **Other**: 103,275,000 US dollars - **Selling, general and administrative**: 88,045,000 US dollars - **Research and development**: 28,565,000 US dollars - **Amortization of intangible assets**: 19,953,000 US dollars - **Severance charges**: 5,639,000 US dollars - **Acquisition costs and other related expenses**: 745,000 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-ytd-q2-income-statement/revenue-by-geographic-distribution - Chart image: https://plicit.ai/charts/mrcy-fy2026-ytd-q2-revenue-by-geographic-distribution-sankey.png Income statement for 2025-06-28 through 2025-12-26. View: Geographic Distribution. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net revenues**: 458,081,000 US dollars - **Cost of revenues**: 334,549,000 US dollars - **Gross margin**: 123,532,000 US dollars - **Total operating expenses**: 142,947,000 US dollars - **Loss from operations**: negative 19,415,000 US dollars - **Other income (expense), net (calculated)**: negative 14,580,000 US dollars - **Loss before income tax benefit**: negative 33,995,000 US dollars - **Income tax benefit**: negative 6,385,000 US dollars - **Net loss**: negative 27,610,000 US dollars - **Domestic**: 382,404,000 US dollars - **International/Foreign Military Sales**: 75,677,000 US dollars - **Selling, general and administrative**: 88,045,000 US dollars - **Research and development**: 28,565,000 US dollars - **Amortization of intangible assets**: 19,953,000 US dollars - **Severance charges**: 5,639,000 US dollars - **Acquisition costs and other related expenses**: 745,000 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-ytd-q2-income-statement/revenue-by-end-application - Chart image: https://plicit.ai/charts/mrcy-fy2026-ytd-q2-revenue-by-end-application-sankey.png Income statement for 2025-06-28 through 2025-12-26. View: End Application. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net revenues**: 458,081,000 US dollars - **Cost of revenues**: 334,549,000 US dollars - **Gross margin**: 123,532,000 US dollars - **Total operating expenses**: 142,947,000 US dollars - **Loss from operations**: negative 19,415,000 US dollars - **Other income (expense), net (calculated)**: negative 14,580,000 US dollars - **Loss before income tax benefit**: negative 33,995,000 US dollars - **Income tax benefit**: negative 6,385,000 US dollars - **Net loss**: negative 27,610,000 US dollars - **C4I Applications**: 202,334,000 US dollars - **Other**: 69,637,000 US dollars - **Radar**: 83,914,000 US dollars - **Electronic Warfare**: 48,482,000 US dollars - **Other Sensor & Effector**: 53,714,000 US dollars - **Selling, general and administrative**: 88,045,000 US dollars - **Research and development**: 28,565,000 US dollars - **Amortization of intangible assets**: 19,953,000 US dollars - **Severance charges**: 5,639,000 US dollars - **Acquisition costs and other related expenses**: 745,000 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-ytd-q2-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/mrcy-fy2026-ytd-q2-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2025-06-28 through 2025-12-26. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net revenues**: 458,081,000 US dollars - **Cost of revenues**: 334,549,000 US dollars - **Gross margin**: 123,532,000 US dollars - **Total operating expenses**: 142,947,000 US dollars - **Loss from operations**: negative 19,415,000 US dollars - **Other income (expense), net (calculated)**: negative 14,580,000 US dollars - **Loss before income tax benefit**: negative 33,995,000 US dollars - **Income tax benefit**: negative 6,385,000 US dollars - **Net loss**: negative 27,610,000 US dollars - **Components**: 94,202,000 US dollars - **Modules and Sub-assemblies**: 126,692,000 US dollars - **Integrated Subsystems**: 237,187,000 US dollars - **Selling, general and administrative**: 88,045,000 US dollars - **Research and development**: 28,565,000 US dollars - **Amortization of intangible assets**: 19,953,000 US dollars - **Severance charges**: 5,639,000 US dollars - **Acquisition costs and other related expenses**: 745,000 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-ytd-q2-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/mrcy-fy2026-ytd-q2-revenue-by-geography-sankey.png Income statement for 2025-06-28 through 2025-12-26. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net revenues**: 458,081,000 US dollars - **Cost of revenues**: 334,549,000 US dollars - **Gross margin**: 123,532,000 US dollars - **Total operating expenses**: 142,947,000 US dollars - **Loss from operations**: negative 19,415,000 US dollars - **Other income (expense), net (calculated)**: negative 14,580,000 US dollars - **Loss before income tax benefit**: negative 33,995,000 US dollars - **Income tax benefit**: negative 6,385,000 US dollars - **Net loss**: negative 27,610,000 US dollars - **UNITED STATES**: 433,008,000 US dollars - **Europe**: 25,073,000 US dollars - **Selling, general and administrative**: 88,045,000 US dollars - **Research and development**: 28,565,000 US dollars - **Amortization of intangible assets**: 19,953,000 US dollars - **Severance charges**: 5,639,000 US dollars - **Acquisition costs and other related expenses**: 745,000 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.