Risk factors
Mercury Systems (MRCY) risk factors
Item 1A of every Mercury Systems Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2026 10-K risk factors37 risks9 new4 dropped12 reworded
Scaling production to meet stronger backlog and bookings is a prominent new execution risk.
Filed Aug 18, 2026 - FY2025 10-K risk factors32 risks
Heavy reliance on defense electronics programs and defense prime contractors accounting for up to 98% of net revenues. Customer concentration with RTX Corporation, Lockheed Martin, and others creates significant revenue exposure. Significant indebtedness with credit availability tied to meeting minimum consolidated EBITDA levels.
Filed Aug 11, 2025