olivLaw · US equity research
Mercury Systems, Inc. MRCY
Electronic Components & Accessories · SIC 3670 · Vertical: Electronic Components & Accessories (SIC 3670)
Mercury Systems designs signal and data processing components, modules and subsystems for aerospace and defense, delivered to major US and European defense contractors. The company closed fiscal 2026 with record bookings and a backlog above 1.9 billion USD, which could support future growth if execution holds. Revenue reached 983.6 million USD.
At the close of 04 Nov 2026, Mercury Systems, Inc. (MRCY) stock was 71.76 USD (−10.66% on the day), with market capitalisation 4.3 bn USD, beta 1.19, 52-week range 66.12–126.21 USD. Latest reported quarter (Q4 2026): revenue of 289.8 m USD (+6.1% YoY), net income of 798.0 k USD (−95.1% YoY), diluted EPS 0.01 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 37.5
- weak (30–45)
- Bollinger (20, 2)
- 72.38 – 81.70
- below the lower band · %B -0.07 · band width 12.1%
- SMA 50 / 200
- 81.18 / 91.26
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -1.51 / -1.75
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −13.5% | −1.1% | −12.4 pp | — |
| 3 months | −33.2% | −0.5% | −32.8 pp | — |
| 6 months | −21.7% | +4.4% | −26.1 pp | — |
| Year to date | −1.7% | +12.3% | −14.0 pp | — |
| 1 year | −5.2% | +13.5% | −18.8 pp | −11.6% |
| 3 years | +92.8% | +76.4% | +16.4 pp | +16.2% |
| 5 years | +38.0% | +63.7% | −25.7 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 03 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 204.4 m | 223.1 m | 211.4 m | 273.1 m | 225.2 m | 232.9 m | 235.8 m | 289.8 m |
| Cost of revenue | 152.6 m | 162.3 m | 154.2 m | 188.3 m | 162.3 m | 172.2 m | 166.7 m | 201.2 m |
| Gross profit | 51.8 m | 60.8 m | 57.1 m | 84.8 m | 62.9 m | 60.6 m | 69.1 m | 88.6 m |
| Research & development | 18.4 m | 21.4 m | 16.0 m | 11.9 m | 13.2 m | 15.4 m | 15.0 m | 16.2 m |
| SG&A | 33.2 m | 40.5 m | 43.0 m | 37.7 m | 45.9 m | 42.1 m | 39.1 m | 47.8 m |
| Operating income | -13.4 m | -12.4 m | -17.3 m | 23.6 m | -8.6 m | -10.8 m | 5.2 m | 14.5 m |
| Depreciation & amortisation | 21.2 m | 20.9 m ≈ | 19.9 m ≈ | 20.0 m | 18.9 m | 18.3 m ≈ | 18.0 m ≈ | 17.5 m |
| Interest expense | 8.9 m | 8.4 m | 8.1 m | 8.0 m | 7.9 m | 7.8 m | 7.3 m | 6.5 m |
| Pre-tax income | -23.1 m | -24.3 m | -21.8 m | 18.8 m | -16.5 m | -17.5 m | -2.7 m | 7.8 m |
| Income tax | -5.6 m | -6.7 m | -2.6 m | 2.4 m | -4.0 m | -2.4 m | 174.0 k | 7.0 m |
| Net income | -17.5 m | -17.6 m | -19.2 m | 16.4 m | -12.5 m | -15.1 m | -2.9 m | 798.0 k |
| Diluted EPS | -0.30 | -0.30 | -0.33 | 0.28 ≈ | -0.21 | -0.26 | -0.04 | 0.01 ≈ |
| Operating cash flow | -14.7 m | 85.5 m ≈ | 30.0 m ≈ | 38.1 m | 2.2 m | 51.6 m ≈ | 6.4 m ≈ | 42.2 m |
| Capex | 6.2 m | 3.6 m ≈ | 5.9 m ≈ | 4.1 m | 6.5 m | 5.9 m ≈ | 8.3 m ≈ | 13.6 m |
| Share repurchases | — | — | 0 ≈ | 0 | — | — | 0 ≈ | 0 |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 654.7 m | 796.6 m | 924.0 m | 988.2 m | 973.9 m | 835.3 m | 912.0 m | 983.6 m |
| Revenue YoY | +32.8% | +21.7% | +16.0% | +6.9% | −1.4% | −14.2% | +9.2% | +7.9% |
| Net income | 46.8 m | 85.7 m | 62.0 m | 11.3 m | -28.3 m | -137.6 m | -37.9 m | -29.7 m |
| Net income YoY | +14.4% | +83.2% | −27.6% | −81.8% | −351.3% | unavailable | unavailable | unavailable |
| Diluted EPS | 0.96 | 1.56 | 1.12 | 0.20 | -0.50 | -2.38 | -0.65 | -0.50 |
| Diluted EPS YoY | +11.6% | +62.5% | −28.2% | −82.1% | −350.0% | unavailable | unavailable | unavailable |
| net % | 7.1% | 10.8% | 6.7% | 1.1% | -2.9% | -16.5% | -4.2% | -3.0% |
| Free cash flow | 70.8 m | 71.9 m | 51.6 m | -46.5 m | -60.1 m | 26.1 m | 119.0 m | 68.1 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 03 Jul 2026
- Cash
- 214.3 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 1.5 bn USD
- Total assets
- 2.3 bn USD
- Debt / equity
- unavailable
- Current ratio
- 2.96x
- ROE
- -2.0%
- ROA
- -1.2%
- FCF margin
- 6.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 924.0 m | 988.2 m | 973.9 m | 835.3 m | 912.0 m | 983.6 m | SEC (XBRL)· 18 Aug 2026verified |
| Cost of revenue | 538.8 m | 593.2 m | 657.2 m | 639.4 m | 657.5 m | 702.5 m | SEC (XBRL)· 18 Aug 2026verified |
| Gross profit | 385.2 m | 395.0 m | 316.7 m | 195.9 m | 254.5 m | 281.2 m | SEC (XBRL)· 18 Aug 2026verified |
| Research & development | 113.5 m | 107.2 m | 108.8 m | 101.3 m | 67.6 m | 59.7 m | SEC (XBRL)· 18 Aug 2026verified |
| SG&A | 134.3 m | 157.0 m | 160.6 m | 166.8 m | 154.4 m | 175.0 m | SEC (XBRL)· 18 Aug 2026verified |
| Operating income | 81.0 m | 31.6 m | -21.7 m | -147.8 m | -19.6 m | 280.0 k | SEC (XBRL)· 18 Aug 2026verified |
| Depreciation & amortisation | 67.1 m | 93.4 m | 97.3 m | 88.0 m | 82.0 m | 72.7 m | SEC (XBRL)· 18 Aug 2026verified |
| EBITDA | 148.1 m ≈ | 125.0 m ≈ | 75.6 m ≈ | -59.7 m ≈ | 62.4 m ≈ | 73.0 m ≈ | SEC (XBRL)· 18 Aug 2026derived |
| Interest expense | 1.2 m | 5.8 m | 25.2 m | 35.0 m | 33.4 m | 29.6 m | SEC (XBRL)· 18 Aug 2026verified |
| Pre-tax income | 77.2 m | 18.4 m | -48.5 m | -189.3 m | -50.4 m | -28.9 m | SEC (XBRL)· 18 Aug 2026verified |
| Income tax | 15.1 m | 7.1 m | -20.2 m | -51.6 m | -12.5 m | 784.0 k | SEC (XBRL)· 18 Aug 2026verified |
| Net income | 62.0 m | 11.3 m | -28.3 m | -137.6 m | -37.9 m | -29.7 m | SEC (XBRL)· 18 Aug 2026verified |
| Diluted EPS | 1.12 | 0.20 | -0.50 | -2.38 | -0.65 | -0.50 | SEC (XBRL)· 18 Aug 2026verified |
| Weighted average diluted shares | 55.5 m | 55.9 m | 56.6 m | 57.7 m | 58.7 m | 59.5 m | SEC (XBRL)· 18 Aug 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 113.8 m | 65.7 m | 71.6 m | 180.5 m | 309.1 m | 214.3 m | SEC (XBRL)· 18 Aug 2026verified |
| Receivables | 128.8 m | 144.5 m | 124.7 m | 111.4 m | 109.6 m | 69.2 m | SEC (XBRL)· 18 Aug 2026verified |
| Inventories | 221.6 m | 270.3 m | 337.2 m | 335.3 m | 332.9 m | 367.0 m | SEC (XBRL)· 18 Aug 2026verified |
| Current assets | 643.1 m | 815.3 m | 937.0 m | 953.8 m | 1.1 bn | 973.4 m | SEC (XBRL)· 18 Aug 2026verified |
| Property, plant & equipment, net | 128.5 m | 127.2 m | 119.6 m | 110.4 m | 101.4 m | 108.4 m | SEC (XBRL)· 18 Aug 2026verified |
| Goodwill | 804.9 m | 937.9 m | 938.1 m | 938.1 m | 938.1 m | 942.4 m | SEC (XBRL)· 18 Aug 2026verified |
| Intangibles (excl. goodwill) | 307.6 m | 351.5 m | 298.1 m | 250.5 m | 210.6 m | 175.8 m | SEC (XBRL)· 18 Aug 2026verified |
| Total assets | 2.0 bn | 2.3 bn | 2.4 bn | 2.4 bn | 2.4 bn | 2.3 bn | SEC (XBRL)· 18 Aug 2026verified |
| Accounts payable | 48.0 m | 98.7 m | 104.0 m | 81.1 m | 79.1 m | 91.0 m | SEC (XBRL)· 18 Aug 2026verified |
| Current liabilities | 150.8 m | 193.9 m | 233.3 m | 234.4 m | 300.4 m | 328.5 m | SEC (XBRL)· 18 Aug 2026verified |
| Total liabilities | 471.0 m | 767.2 m | 824.7 m | 906.1 m | 961.3 m | 825.3 m | SEC (XBRL)· 18 Aug 2026verified |
| Equity | 1.5 bn † | 1.5 bn † | 1.6 bn † | 1.5 bn † | 1.5 bn † | 1.5 bn † | SEC (XBRL)· 18 Aug 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 97.2 m | -18.9 m | -21.3 m | 60.4 m | 138.9 m | 102.4 m | SEC (XBRL)· 18 Aug 2026verified |
| Capex | 45.6 m | 27.7 m | 38.8 m | 34.3 m | 19.8 m | 34.3 m | SEC (XBRL)· 18 Aug 2026verified |
| Free cash flow | 51.6 m ≈ | -46.5 m ≈ | -60.1 m ≈ | 26.1 m ≈ | 119.0 m ≈ | 68.1 m ≈ | SEC (XBRL)· 18 Aug 2026derived |
| Investing cash flow | -416.9 m | -274.3 m | -38.6 m | -34.3 m | -13.5 m | -35.7 m | SEC (XBRL)· 18 Aug 2026verified |
| Financing cash flow | 206.2 m | 245.8 m | 65.4 m | 82.7 m | 1.4 m | -162.7 m | SEC (XBRL)· 18 Aug 2026verified |
| Share repurchases | 66.0 k | 8.2 m | 63.0 k | 31.0 k | 0 | 15.0 m | SEC (XBRL)· 18 Aug 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 4.3 bn USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 28.6% | 0 (on a fixed band) | 14% |
| EBIT margin · Quality | 0.0% | 33 (vs peers) | 11% |
| FCF margin · Quality | 6.9% | 28 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 0.3% | 1 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 7.9% | 67 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 3.0x | 100 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 1.6% | 32 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 0.3% | 39 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth23/100 · 2/2 factors with a value
- Quality19/100 · 3/3 factors with a value
- Returns39/100 · 1/1 factors with a value
- Valuation· partial32/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Mercury Systems, Inc. (MRCY). Latest full fiscal year: 2026; data up to 2026-07-03.
Figures computed from the financial statements: revenue 983.6 m USD in 2026; YoY growth 7.9%; net margin -3.0%; ROE -2.0%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 3.0x
What contradicts it
- Gross margin: 28.6%
- FCF margin: 6.9%
- Revenue CAGR 3Y: 0.3%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Electronic Components & Accessories (SIC 3670) · same industry (4-digit SIC) · compared with 6 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| HUBBHubbell Inc | 23.2 bn | 25.7 | 23.3% | 13.8% | +3.8% | +2% / +46% |
| MRCYMercury Systems, Inc. | 4.3 bn | — | -2.0% | -3.0% | +7.9% | −5% / +93% |
| OLEDUniversal Display Corporation | 4.0 bn | 18.2 | 13.5% | 36.7% | +0.5% | −25% / −47% |
| VPGVishay Precision Group, Inc. | 605.1 m | — | -1.0% | -1.0% | +0.2% | +45% / +62% |
| KULRKulr Technology Group, Inc. | 75.4 m | — | -97.8% | -648.0% | +50.6% | −50% / −30% |
| LNKSLinkers Industries Limited | — | — | -18.4% | -22.0% | +12.0% | −99% / unavailable |
| VSHVishay Intertechnology, Inc. | — | 41.9 | 3.8% | 2.7% | +4.5% | +89% / +16% |
1- and 3-year price returns: for MRCY from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Mercury Systems designs signal and data processing components, modules and subsystems for aerospace and defense, delivered to major US and European defense contractors. The company closed fiscal 2026 with record bookings and a backlog above 1.9 billion USD, which could support future growth if execution holds. Revenue reached 983.6 million USD.
SWOT
Strengths
- An integrated portfolio from components to systems, built on a proprietary processing platform and over four decades of experience 1.
- Record backlog and bookings at the end of fiscal 2026, which provide visibility into future revenue 2.
- Focus on open and modular architectures that reduce obsolescence risk and development time for customers 1.
Weaknesses
Opportunities
Risks
- Production capacityhigh
The company could fail to increase output at the pace demand requires, which could lead to contractual penalties and lost customers 1.
- Dependence on government fundinghigh
Programs are often only partially funded, and a reduction or termination could affect expected revenue 1.
- Customer concentrationmedium
Revenue depends on a few large contractors, and losing one could have a significant effect 1.
- Cost inflationmedium
Labor and material inflation could compress margins on fixed-price contracts 1.
- Cybersecuritymedium
Nation-state cyber threats could compromise the company's products or data 1.
Investment thesis
What would need to be true (bull case)
- Record backlog and strong bookings in the latest quarter could turn current demand into organic growth in the coming years 2.
- Positioning in secure processing and edge AI fits the requirements that defense markets are expected to carry forward 1.
- If gross margin keeps improving, as it did in fiscal 2026, operating profitability could strengthen 1.
What would break the thesis
What to watch
- Whether backlog and bookings hold near the record level reached in fiscal 2026Q1 2027
- Execution of production ramp-up and delivery timing on major programs2027
- Trend in gross margin and free cash flow2027
- Status of defense program funding after the budget is approvednext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Mercury Systems, headquartered in Andover, Massachusetts, organizes its activity around the Mercury Processing Platform, an end-to-end signal and data processing ecosystem built on technologies developed and acquired over 40 years 1. The company sells components, modules, subassemblies and integrated solutions, with customers including defense prime contractors, the US government and commercial aerospace OEMs 1. In fiscal 2026 revenue was 983.6 million USD against 912.0 million USD a year earlier, and the net loss was 29.7 million USD 1.
The business model combines a product model, where internal R&D builds capabilities used by many customers, with a solutions model, where the company builds mission-specific capabilities that can remain in production for many years 1. The operating structure has four business units: Signal Technologies, Processing Technologies, Integrated Processing Solutions and EMEA 1. The company also applies AI and automation in operations through pilot programs in testing, documentation and production planning 1.
On capacity, Mercury reported that backlog and new bookings rose significantly, and management aims to convert that demand into revenue on customer timelines 12. The company entered a manufacturing supply agreement with Cicor in April 2025 for its Swiss operations and completed an asset acquisition of a specialized manufacturing process provider in March 2026 1.
Segments
Modules and subassemblies
Modules and subassemblies, including embedded processing boards, digital receivers and integrated RF multi-function assemblies, produced the largest revenue increase in fiscal 2026 1.
Components
Components such as power amplifiers, switches, filters, converters and MMICs are the basic building blocks of electronic systems and added revenue in fiscal 2026 1.
Integrated solutions
Integrated solutions combine components and modules into a software-enabled system used in sensor processing, aviation and mission computing and C4I applications 1.
Market context
According to Renaissance Strategic Advisors as cited by the company, the global aerospace and defense electronics market is estimated at 193 billion USD in 2026 and could reach 303 billion USD by 2031 1. The Tier 2 segment in which Mercury operates was about 66 billion USD in 2026 and grows at a 9.9 percent annual rate 1.
The company states that the Tier 2 and Tier 3 market grows faster than the expected increase in total US defense spending, which frames its positioning 1. The filing does not give a separate estimate of the company's market share.
Trends
- Defense investment cycletailwind
Defense demand is in a strong investment cycle, which led to record bookings and backlog at the end of fiscal 2026 2. If this demand converts into revenue, it could support organic growth.
- Mandates for open standards and outsourcingtailwind
The US government increasingly mandates open standards and outsourced procurement, and primes prefer integrated subsystems, which fits the company's modular architecture 1.
- Funding of defense programsheadwind
Program funding depends on annual Congressional appropriations, and budget gridlock or shutdowns could delay revenue 1.
- Labor and material cost inflationmixed
Price inflation for labor and materials has affected the company since the pandemic, and fixed-price contracts limit its ability to pass those costs on to customers 1.
Competitive position
The market is highly competitive, and customers can design and manufacture similar products in-house, while large primes may decide to insource a technology 1. Industry consolidation has created larger competitors with broader portfolios and more pricing pressure 1.
The company also names new entrants offering low-cost modular systems and commercial server manufacturers, which could reduce demand for its higher-priced products 1.
- Large US and European defense prime contractors
They are both customers and potential competitors, and may decide to bring technology development in-house, according to the company 1.
- Commercial server manufacturers
Their entry into aerospace and defense electronics could reduce demand for the company's products, according to the filing 1.
- New entrants with low-cost modular systems
They could gain influence in early design phases and reduce the company's access to future programs 1.
- Consolidated defense electronics suppliers
Industry consolidation has produced larger rivals with broader portfolios and more downward pressure on prices 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- In 1993, Novaya Gazeta reporters posing as a foreign buyer’s representatives were offered uranium pellets, plutonium plates, and a Soviet SS-20 nuclear warheadMeduza English (independent RU/exile) · 05 Nov 2026 · EN
- How Novaya Gazeta journalists tried to buy a nuclear warhead in 1990s RussiaMeduza English (independent RU/exile) · 05 Nov 2026 · EN
- Ancient Maya mercury use may have come at a severe environmental costPhys.org · 05 Nov 2026 · EN
- Gold mining introduces an overlooked threat to wild caimansPhys.org · 04 Nov 2026 · EN
- Biogeochemical Control Points for Mitigating Metal(loid) Risk in Rice under Global ChangeEnvironmental Science & Technology · 03 Nov 2026 · EN
- A Stable Terminal Mercury Hydride and Its Reactivity To Form Mercury–Metal BondsJournal of the American Chemical Society · 01 Nov 2026 · EN
- This oddball reflective lava world is challenging to understandPhys.org · 31 Oct 2026 · EN
- Powerplay de octombrie: Róisín Murphy și piesa "Ramalama (Bang Bang)" - InfoMusicSurge — Google News · 31 Oct 2026 · RO
- Food Lines, War Dead: The Way They Live Now In A Frigid Siberian TownRFE/RL — English (regional) · 31 Oct 2026 · EN
- House of Music Hungary Takes Programs Beyond BudapestBudapest Business Journal (HU, EN) · 31 Oct 2026 · EN
- Mercury, lead and methanol found in counterfeit beauty products seized across UKThe Guardian World · 30 Oct 2026 · EN
- The hydrogen atom: The raw material of the universe barely exists on Earth—now we've made it in a flaskPhys.org · 28 Oct 2026 · EN
- Novel NIR-II Imaging Reveals Gut-First, Brain-Later Inorganic Mercury Signals with Structural Injury in ZebrafishEnvironmental Science & Technology · 28 Oct 2026 · EN
- The Download: Anthropic’s IPO, smarter power grids, and exercise pillsMIT Technology Review · 27 Oct 2026 · EN
- A Perspective on the Development of Novel In Situ Remediation of Contaminated Sediments Using Black CarbonEnvironmental Science & Technology · 25 Oct 2026 · EN
- The Mercury Sound Off for Sunday , Oct . 25Surge — GDELT DOC · 25 Oct 2026 · RO
- The Mercury Sound Off for Saturday , Oct . 24Surge — GDELT DOC · 25 Oct 2026 · RO
- Translation: “The Shawshank Redemption” Hits Chinese Theaters at Last, But “Had to Cut a Slice Off Its Tongue” FirstChina Digital Times · 23 Oct 2026 · EN
- AI Is Getting Good at Math. Here’s Why.Latent Space Newsletter · 23 Oct 2026 · EN
- Cântăreața britanică Raye, recompensată cu Mercury Prize 2026Agerpres · 23 Oct 2026 · RO
SEC filings
- Current report03 Nov 2026Departure or appointment of officers · Shareholder vote · Other events
- Current report18 Sept 2026Other events
- Proxy statement17 Sept 2026
- Current report16 Sept 2026Material agreement · Regulation FD disclosure · Financial statements and exhibits
- Annual report18 Aug 2026
- Current report18 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report05 May 2026
- Current report05 May 2026Results of operations · Financial statements and exhibits
- Quarterly report03 Feb 2026
- Current report03 Feb 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-07-03 · SEC / Mercury Systems, Inc. · 18 Aug 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Mercury Systems, Inc. · 18 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.