What is the 13F Pro Quality Score for MRCY?

13F Pro ranks MERCURY SYSTEMS INC (MRCY) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MRCY's current score at https://13fpro.ai/research/MRCY (free sign-up required for the full ranking).

Which hedge funds own the most MRCY stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of MRCY include BlackRock,, JANA Partners Management,, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/MRCY as soon as new 13F filings post.

Where does 13F Pro source MRCY data?

All MERCURY SYSTEMS INC fundamentals and ownership data come directly from SEC EDGAR. MERCURY SYSTEMS INC files with the SEC under CIK 1049521. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MRCY in?

MERCURY SYSTEMS INC (MRCY) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is MRCY research updated on 13F Pro?

MRCY's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

MERCURY SYSTEMS INC(MRCY)Stock Analysis

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13F Pro Quality Score

42.9/100

Rank #1,833 of 2,879 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

44.3/100

Profitability

36.4/100

Balance Sheet

29.5/100

Earnings Quality

30.0/100

Free Cash Flow

56.0/100

Institutional Flow

70.8/100

Revenue Scale

47.6/100

Dilution Risk

35.5/100

MRCY Stock Analysis & AI Quality Score

AI stock analysis and institutional research for MERCURY SYSTEMS INC (MRCY), a Technology sector company. 13F Pro's AI-powered ranking engine scores MRCY at 42.9/100 on a 32-signal composite quality model, placing it at rank #1,833 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include balance sheet strength (29.5) and earnings quality (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 35.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), MERCURY SYSTEMS INC reports quarterly revenue of $235.8M, net income of $-2.9M, an operating margin of 2.2%. Top institutional holders of MRCY by reported 13-F value include BlackRock,, JANA Partners Management,, STATE STREET, based on the most recent SEC filings. MRCY trades on the Nasdaq exchange and files with the SEC under CIK 1049521. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MRCY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MERCURY SYSTEMS INC directly from SEC EDGAR. MERCURY SYSTEMS INC's 13F Pro composite quality score has ranged between 24 and 59 since 2021, currently 42.9 — a declining long-term trajectory across 30 quarterly and live scoring snapshots.

Revenue

Q3 2026

$235.8M

Net Income

Q3 2026

$-2.9M

Free Cash Flow

Q3 2026

$-1.8M

Operating Margin

Q3 2026

2.2%

ROIC

Q3 2026

0.4%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+9.2% YoY

$912.0MFY 2025

FY22 $988.2MFY23 $973.9MFY24 $835.3MFY25 $912.0M

Net Income

+72.5% YoY

$-37.9MFY 2025

FY22 $11.3MFY23 $-28.3MFY24 $-137.6MFY25 $-37.9M

Operating Income

+86.7% YoY

$-19.6MFY 2025

FY22 $31.6MFY23 $-21.7MFY24 $-147.8MFY25 $-19.6M

EPS (Diluted)

+72.7% YoY

$-0.65FY 2025

FY22 $0.20FY23 $-0.50FY24 $-2.38FY25 $-0.65

Total Assets

+2.3% YoY

$2.43BFY 2025

FY22 $2.30BFY23 $2.39BFY24 $2.38BFY25 $2.43B

Op. Cash Flow

+130.0% YoY

$138.9MFY 2025

FY22 $-18.9MFY23 $-21.3MFY24 $60.4MFY25 $138.9M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$912.0M +9.2%	$835.3M -14.2%	$973.9M -1.4%	$988.2M +6.9%	$924.0M +16.0%	$796.6M
Net Income	$-37.9M +72.5%	$-137.6M -385.8%	$-28.3M -351.3%	$11.3M -81.8%	$62.0M -27.6%	$85.7M
Operating Income	$-19.6M +86.7%	$-147.8M -581.4%	$-21.7M -168.6%	$31.6M -61.0%	$81.0M -11.0%	$91.1M
EPS (Diluted)	$-0.65 +72.7%	$-2.38 -376.0%	$-0.50 -350.0%	$0.20 -82.1%	$1.12 -28.2%	$1.56
Total Assets	$2.43B +2.3%	$2.38B -0.5%	$2.39B +3.8%	$2.30B +17.9%	$1.96B +21.4%	$1.61B
Operating Cash Flow	$138.9M +130.0%	$60.4M +384.1%	$-21.3M -12.6%	$-18.9M -119.4%	$97.2M -15.6%	$115.2M

AI Insight: MRCY Financial Trends

Mercury Systems achieved positive operating income of $5M in Q1 2026, breaking a seven-quarter streak of operating losses.

• Revenue declined from $273M in Q2 2025 to $236M in Q1 2026, reflecting ongoing demand volatility.

• Operating income turned positive at $5M in Q1 2026 after seven consecutive quarters of losses.

• Net losses narrowed significantly from $19M in Q1 2025 to $3M in Q1 2026.

⚠ Operating cash flow remains weak at $6M in Q1 2026, down from $30M in Q1 2025.

⚠ Revenue volatility continues with quarterly swings between $204M and $273M over past eight quarters.

AI Insight: MRCY Ratio Trends

Mercury Systems shows volatile profitability with operating margin swinging from -8.2% in Q1 2025 to +8.6% in Q2 2025 before declining again.

• Operating margin improved from -8.2% in Q1 2025 to 2.2% in Q1 2026, showing gradual recovery trend.

• ROIC turned positive to 1.4% in Q1 2026 after five consecutive quarters of negative returns.

• Net profit margin remained negative at -1.2% in Q1 2026 despite operating margin improvements.

• Q2 2025 showed exceptional performance with 8.6% operating margin and 6.4% ROIC before reverting to losses.

⚠ Extreme quarter-to-quarter volatility in profitability suggests operational inconsistency or project-driven revenue lumpiness.

⚠ Company still generating negative net margins despite positive operating performance in latest quarter.

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Available Research

13F Pro tracks comprehensive data for MERCURY SYSTEMS INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MRCY

BlackRock, Inc.
$650.4M8,920,325 sh
JANA Partners Management, LP
$299.5M4,107,424 sh
STATE STREET CORP
$281.8M3,865,719 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$212.2M2,910,904 sh
Invesco Ltd.
$178.0M2,441,578 sh
VANGUARD CAPITAL MANAGEMENT LLC
$175.3M2,403,818 sh
Conestoga Capital Advisors, LLC
$139.9M1,918,591 sh
GEODE CAPITAL MANAGEMENT, LLC
$111.3M1,525,716 sh
DIMENSIONAL FUND ADVISORS LP
$89.5M1,227,975 sh
GOLDMAN SACHS GROUP INC
$87.6M1,201,112 sh

Fund	Value	Shares
BlackRock, Inc.	$650.4M	8,920,325
JANA Partners Management, LP	$299.5M	4,107,424
STATE STREET CORP	$281.8M	3,865,719
VANGUARD PORTFOLIO MANAGEMENT LLC	$212.2M	2,910,904
Invesco Ltd.	$178.0M	2,441,578
VANGUARD CAPITAL MANAGEMENT LLC	$175.3M	2,403,818
Conestoga Capital Advisors, LLC	$139.9M	1,918,591
GEODE CAPITAL MANAGEMENT, LLC	$111.3M	1,525,716
DIMENSIONAL FUND ADVISORS LP	$89.5M	1,227,975
GOLDMAN SACHS GROUP INC	$87.6M	1,201,112

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Is MRCY a good stock to buy?

13F Pro's AI-powered analysis of MERCURY SYSTEMS INC (MRCY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MRCY are available on the MRCY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own MRCY?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MRCY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MERCURY SYSTEMS INC's investment landscape.