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 (MRCY) has 17 years of Operating Expenses data on file, last reported 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.
- The five-year high for Operating Expenses was $92.0 million in Q3 2022, with the low at $61.2 million in Q2 2025.
- Average Operating Expenses over 5 years is $79.1 million, with a median of $81.2 million recorded in 2024.
- Year-over-year, Operating Expenses climbed 14.41% in 2022 and retreated 28.13% in 2024.
- Mercury Systems' Operating Expenses stood at $88.5 million in 2022, then dropped by 3.46% to $85.4 million in 2023, then retreated by 14.29% to $73.2 million in 2024, then decreased by 2.44% to $71.5 million in 2025, then slipped by 10.68% to $63.8 million in 2026.
- Business Quant data shows MRCY's Operating Expenses at $63.8 million in Q1 2026, $71.5 million in Q4 2025, and $71.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 2.10 Bn |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 19.59 Bn |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 12.06 Bn |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 120.00 Mn |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 273.00 Mn |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 8.89 Bn |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | 132.46 Mn |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 750.00 Mn |
| 10 | Mercury Systems | 7.31 Bn | 6.98 Bn | 69.05 Mn | 63.82 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 |