Mercury Systems ( (MRCY) ) has released its Q4 earnings. Here is a breakdown of the information Mercury Systems presented to its investors.
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Mercury Systems, Inc., a technology company specializing in mission-critical processing power for aerospace and defense sectors, has reported its financial results for the fourth quarter and fiscal year 2025. The company is known for its innovative processing platform that enhances decision-making capabilities in challenging environments.
In its latest earnings report, Mercury Systems announced record fourth-quarter bookings of $341.5 million, contributing to a total backlog of $1.40 billion, a 6% increase year-over-year. The company’s revenue for the fourth quarter reached $273.1 million, with a GAAP net income of $16.4 million and an adjusted EBITDA of $51.3 million.
Key financial highlights include a 9.9% year-over-year increase in fourth-quarter revenue and a 9.2% increase in full-year revenue to $912.0 million. The adjusted EBITDA for the full year was $119.4 million, marking a significant improvement from the previous year. The company also achieved a record free cash flow of $119.0 million for fiscal 2025.
Mercury Systems’ strategic focus on enhancing its operational execution has resulted in substantial growth across various financial metrics. The company’s book-to-bill ratio stood at 1.25 for the fourth quarter, indicating strong demand for its products and services.
Looking ahead, Mercury Systems remains committed to executing its strategic plan and capitalizing on growth opportunities in the aerospace and defense sectors. The management’s outlook reflects confidence in sustaining the company’s positive momentum and delivering value to its stakeholders.

