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
DateValue
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