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MRCY

MERCURY SYSTEMS, INC.
CIK 0001049521 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
57.8
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-07 ยท FY 2025-06-27 ยท TRIGGERED60.0

Pension underfunding

DB plan 70% funded โ€” -$5M deficit (0% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-08-11) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 17722000,
  "plan_assets": 12440000,
  "funded_ratio": 0.702,
  "deficit": -5282000,
  "deficit_vs_equity": 0.0036,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2025-06-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1049521/000104952125000024/0001049521-25-000024-index.htm",
    "form": "10-K",
    "filed": "2025-08-11"
  }
}
P-13 ยท FY 2025-06-27 ยท TRIGGERED69.7

Zombie / distress

Zombie: interest coverage below 1.0x for 3 consecutive years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-08-11) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-06-27": -0.587,
    "2024-06-28": -4.22,
    "2023-06-30": -0.862,
    "2022-07-01": 5.444
  },
  "consecutive_years_below_1": 3,
  "altman_z_double_prime": 3.841,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -19627000,
    "interest_expense_t": 33430000
  },
  "stale": false,
  "latest_filing_period": "2025-06-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1049521/000104952125000024/0001049521-25-000024-index.htm",
    "form": "10-K",
    "filed": "2025-08-11"
  }
}
P-01 ยท FY 2025-06-27 ยท CLEAN14.5

Earnings quality

Beneish M-Score -2.99 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-08-11) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.992,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.901,
    "GMI": 0.84,
    "AQI": 0.948,
    "SGI": 1.092,
    "DEPI": 0.992,
    "SGAI": 0.848,
    "LVGI": 1.252,
    "TATA": -0.073
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.0734,
  "inputs": {
    "revenue_t": 912020000,
    "revenue_t1": 835275000,
    "total_assets_t": 2434764000,
    "net_income_t": -37904000,
    "cfo_t": 138851000
  },
  "stale": false,
  "latest_filing_period": "2025-06-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1049521/000104952125000024/0001049521-25-000024-index.htm",
    "form": "10-K",
    "filed": "2025-08-11"
  }
}
P-12 ยท FY 2025-06-27 ยท CLEAN16.0

Restatement predictor

F-Score 0.48 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-08-11) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.48,
  "probability": 0.00178,
  "components": {
    "rsst": -0.0734,
    "drec": -0.0008,
    "dinv": -0.001,
    "soft": 0.8314,
    "dcs": 0.0941,
    "droa": 0.0423,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-06-27",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1049521/000104952125000024/0001049521-25-000024-index.htm",
    "form": "10-K",
    "filed": "2025-08-11"
  }
}