{
  "url": "https://struct.news/briefs/mercury-took-operating-income-from-a-196m-loss-to-280000-cash-fell",
  "title": "Mercury took operating income from a $19.6M loss to $280,000. Cash fell",
  "summary": "Operating cash flow dropped 26.3% to $102.4 million even as revenue rose 7.9% and capital spending jumped 73.2%.",
  "published_at": "2026-08-18T23:45:55.988294+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Mercury Systems, Inc.",
    "ticker": "MRCY",
    "cik": "1049521",
    "sector": "Industrials",
    "industry": "Aerospace & Defense"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-18",
    "accession": "0001049521-26-000045",
    "url": "https://www.sec.gov/Archives/edgar/data/1049521/000104952126000045/mrcy-20260703.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-11",
    "url": "https://www.sec.gov/Archives/edgar/data/1049521/000104952125000024/mrcy-20250627.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 912020000,
      "display": "$912.0M",
      "unit": "usd",
      "period": "2025-06-27",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001049521-26-000045",
        "filing_date": "2026-08-18"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 9.187991978689647,
      "display": "+9.2%",
      "unit": "percent",
      "period": "2025-06-27",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001049521-26-000045",
        "filing_date": "2026-08-18"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": -2.152036139558343,
      "display": "-2.2%",
      "unit": "percent",
      "period": "2025-06-27",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001049521-26-000045",
        "filing_date": "2026-08-18"
      }
    }
  ],
  "watch_next": [
    {
      "type": "labor_costs",
      "statement": "Headcount reductions across fiscal 2025 and 2026 lowered expense and contributed to the operating improvement.",
      "importance": "medium",
      "evidence": "The decrease was primarily driven by efficiency improvements and the savings from headcount reductions of approximately 270 employees, initiated across fiscal 2025 and 2026, resulting in lower expense of $13.1 million.",
      "source_date": "2026-08-18"
    },
    {
      "type": "working_capital",
      "statement": "Operating cash flow declined as inventory, deferred revenue and customer advances, and prepaid assets contributed less inflow during the year.",
      "importance": "medium",
      "evidence": "The reduced inflow during fiscal 2026 was primarily due to lower inventory of $27.4 million, lower deferred revenues and customer advances of $26.0 million, lower prepaid expenses and other current assets of $12.2 million, and a lower inflow from depreciation and amortization expense of $9.3 million.",
      "source_date": "2026-08-18"
    },
    {
      "type": "litigation",
      "statement": "Litigation and settlement expense was a disclosed contributor to the period’s expense increase.",
      "importance": "medium",
      "evidence": "The increase was also driven by software licensing fees and litigation and settlement expense of $3.6 million and $3.5 million, respectively.",
      "source_date": "2026-08-18"
    }
  ],
  "related_tickers": [
    "MRCY"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}