Mercury Systems (MRCY) Operating Expenses (2010 - 2026)
Mercury Systems (MRCY) posted Operating Expenses of $63.8 million for Q1 2026, down 10.68% sequentially from $71.5 million in Q4 2025, and down 14.28% YoY from $74.5 million in Q1 2025.
Mercury Systems (MRCY) Operating Expenses (2010 - 2026) Analysis & Trends
Mercury Systems has reported Operating Expenses for 17 years, with the latest figure at $63.8 million in Q1 2026.
- Quarterly Operating Expenses fell 14.28% year-over-year to $63.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $268.0 million (down 8.87% YoY) and the FY2025 annual result came in at $274.1 million, down 20.23% from the prior year.
- Operating Expenses declined to $63.8 million in Q1 2026 per MRCY's latest filing, from $71.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $92.0 million in Q3 2022 and troughed at $61.2 million in Q2 2025.
- A 5-year average of $79.1 million and a median of $81.2 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses gained 14.41% in 2022, then declined 28.13% in 2024.
- Over 5 years, Operating Expenses stood at $88.5 million in 2022, then slipped by 3.46% to $85.4 million in 2023, then fell by 14.29% to $73.2 million in 2024, then retreated by 2.44% to $71.5 million in 2025, then decreased by 10.68% to $63.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $63.8 million, $71.5 million, and $71.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | 332.00 Mn |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | 848.00 Mn |
| 10 | Mercury Systems | 5.62 Bn | 5.41 Bn | 88.58 Mn | 74.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 27, 2026 | 63.82 Mn |
| Dec 26, 2025 | 71.45 Mn |
| Sep 26, 2025 | 71.50 Mn |
| Jun 27, 2025 | 61.22 Mn |
| Mar 28, 2025 | 74.45 Mn |
| Dec 27, 2024 | 73.24 Mn |
| Sep 27, 2024 | 65.21 Mn |
| Jun 28, 2024 | 81.18 Mn |
| Mar 29, 2024 | 86.30 Mn |
| Dec 29, 2023 | 85.45 Mn |
| Sep 29, 2023 | 90.73 Mn |
| Jun 30, 2023 | 76.28 Mn |
| Mar 31, 2023 | 88.34 Mn |
| Dec 30, 2022 | 88.51 Mn |
| Sep 30, 2022 | 85.29 Mn |
| Jul 1, 2022 | 91.95 Mn |
| Apr 1, 2022 | 89.80 Mn |
| Dec 31, 2021 | 87.61 Mn |
| Oct 1, 2021 | 93.98 Mn |
| Jul 2, 2021 | 80.37 Mn |