Mercury Systems Reports Q3 Fiscal 2025 Results

Mercury Systems ( (MRCY) ) has released its Q3 earnings. Here is a breakdown of the information Mercury Systems presented to its investors.

Mercury Systems is a technology company specializing in delivering mission-critical processing power for aerospace and defense sectors, with a focus on making advanced technologies accessible for complex missions. Headquartered in Andover, Massachusetts, it operates in over 35 countries, providing solutions for mission computing, sensor processing, and communications.

In its third quarter fiscal 2025 earnings report, Mercury Systems reported bookings of $200.4 million and a backlog of $1.34 billion, indicating a 4% increase year-over-year. The company achieved a revenue of $211.4 million, despite a GAAP net loss of $19.2 million, while adjusted EBITDA improved significantly to $24.7 million.

Key financial highlights include an 8.9% year-to-date revenue growth, a book-to-bill ratio of 1.1 over the trailing twelve months, and a substantial improvement in free cash flow to $24.1 million, up $49.8 million from the previous year. The company also reported a reduction in operating expenses, contributing to positive operating leverage and enhanced cash flow.

Looking ahead, Mercury Systems remains confident in its strategic positioning to deliver organic growth with expanding margins. The management anticipates continued progress across its priority areas, reinforcing its commitment to driving innovation and operational efficiency in the aerospace and defense sectors.