Everspin Technol Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Everspin Technol has an operating margin of -14.1%, meaning the company retains $-14 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 9.2% the prior year.
Everspin Technol's revenue declined 21% year-over-year, from $63.8M to $50.4M. This contraction results in a growth score of 0/100.
Everspin Technol carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 6.48, Everspin Technol holds $6.48 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Everspin Technol has a free cash flow margin of 8.0%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.
Everspin Technol generates a 1.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 5/100. This is down from 16.8% the prior year.
Everspin Technol passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Everspin Technol generates $9.09 in operating cash flow ($7.1M OCF vs $781K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Everspin Technol (MRAM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Everspin Technol generated $50.4M in revenue in fiscal year 2024. This represents a decrease of 21.0% from the prior year.
Everspin Technol's EBITDA was -$5.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 175.6% from the prior year.
Everspin Technol generated $4.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 65.5% from the prior year.
Everspin Technol reported $781K in net income in fiscal year 2024. This represents a decrease of 91.4% from the prior year.
Everspin Technol earned $0.04 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 90.5% from the prior year.
Everspin Technol held $42.1M in cash against $1.8M in long-term debt as of fiscal year 2024.
Everspin Technol paid $0.00 per share in dividends in fiscal year 2024.
Everspin Technol had 22M shares outstanding in fiscal year 2024. This represents an increase of 4.6% from the prior year.
Everspin Technol's gross margin was 51.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 6.6 percentage points from the prior year.
Everspin Technol's operating margin was -14.1% in fiscal year 2024, reflecting core business profitability. This is down 23.3 percentage points from the prior year.
Everspin Technol's net profit margin was 1.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 12.7 percentage points from the prior year.
Everspin Technol's ROE was 1.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 15.5 percentage points from the prior year.
Everspin Technol invested $13.7M in research and development in fiscal year 2024. This represents an increase of 16.2% from the prior year.
Everspin Technol invested $3.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 117.2% from the prior year.
MRAM Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.1M+6.5% | $13.2M+0.5% | $13.1M-0.8% | $13.2M+24.5% | $10.6M-26.3% | $14.4M-13.6% | $16.7M+1.5% | $16.5M |
| Cost of Revenue | $6.9M+6.5% | $6.4M+0.8% | $6.4M-0.9% | $6.4M+18.9% | $5.4M-13.6% | $6.3M-10.5% | $7.0M+7.0% | $6.5M |
| Gross Profit | $7.2M+6.5% | $6.8M+0.2% | $6.8M-0.7% | $6.8M+30.3% | $5.2M-36.1% | $8.2M-15.9% | $9.7M-2.2% | $9.9M |
| R&D Expenses | $3.6M+0.1% | $3.6M+6.7% | $3.4M-2.1% | $3.4M-0.9% | $3.5M+1.1% | $3.4M+6.5% | $3.2M+20.7% | $2.7M |
| SG&A Expenses | $3.7M+1.3% | $3.6M-5.1% | $3.8M+10.0% | $3.5M+7.2% | $3.3M-19.4% | $4.0M+11.0% | $3.6M-7.6% | $3.9M |
| Operating Income | -$1.5M+21.2% | -$2.0M-1.5% | -$1.9M-24.1% | -$1.6M+44.8% | -$2.8M-369.8% | -$600K-137.8% | $1.6M-19.8% | $2.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$3K+88.5% | -$26K-186.7% | $30K+200.0% | $10K-86.8% | $76K | N/A | N/A | N/A |
| Net Income | $54K+108.1% | -$670K+42.5% | -$1.2M-196.0% | $1.2M+148.5% | -$2.5M-1138.6% | -$202K-110.3% | $2.0M-19.3% | $2.4M |
| EPS (Diluted) | $0.00+100.0% | $-0.03+40.0% | $-0.05-171.4% | $0.07+158.3% | $-0.12-1100.0% | $-0.01-111.1% | $0.09-18.2% | $0.11 |
MRAM Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $80.3M+1.7% | $78.9M-1.6% | $80.2M+3.1% | $77.8M+20.5% | $64.6M-2.4% | $66.2M-1.7% | $67.3M+6.8% | $63.0M |
| Current Assets | $66.6M+2.9% | $64.8M-3.0% | $66.8M+4.0% | $64.2M+15.9% | $55.4M-1.8% | $56.4M-2.6% | $57.9M+7.4% | $53.9M |
| Cash & Equivalents | $45.3M+0.7% | $45.0M+6.7% | $42.2M+0.1% | $42.1M+14.5% | $36.8M+5.6% | $34.8M-5.8% | $36.9M+5.8% | $34.9M |
| Inventory | $11.8M+4.5% | $11.3M+2.9% | $11.0M+20.6% | $9.1M+14.1% | $8.0M-0.8% | $8.1M-4.0% | $8.4M-2.8% | $8.6M |
| Accounts Receivable | $8.7M+17.9% | $7.4M-41.3% | $12.6M+7.2% | $11.7M+15.9% | $10.1M-22.7% | $13.1M+13.2% | $11.6M+14.5% | $10.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $14.5M-2.7% | $14.8M-13.7% | $17.2M+13.2% | $15.2M+66.2% | $9.1M-11.9% | $10.4M-22.4% | $13.4M+5.9% | $12.6M |
| Current Liabilities | $11.4M+3.4% | $11.0M-12.3% | $12.6M+26.8% | $9.9M+98.9% | $5.0M-15.5% | $5.9M-32.8% | $8.8M+13.5% | $7.7M |
| Long-Term Debt | $465K-48.6% | $905K-32.7% | $1.3M-24.6% | $1.8M | N/A | N/A | N/A | N/A |
| Total Equity | $65.8M+2.7% | $64.1M+1.7% | $63.0M+0.7% | $62.6M+12.9% | $55.4M-0.7% | $55.8M+3.5% | $53.9M+7.1% | $50.4M |
| Retained Earnings | -$138.7M0.0% | -$138.7M-0.5% | -$138.0M-0.9% | -$136.9M+2.5% | -$140.4M-1.8% | -$137.9M-0.1% | -$137.7M+1.4% | -$139.6M |
MRAM Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $881K-82.4% | $5.0M+248.3% | $1.4M-62.4% | $3.8M+122.7% | $1.7M+233.1% | -$1.3M-163.3% | $2.0M-42.6% | $3.6M |
| Capital Expenditures | $338K-83.0% | $2.0M+117.7% | $913K-47.7% | $1.7M+5038.2% | $34K-97.2% | $1.2M+271.9% | $324K+1805.9% | $17K |
| Free Cash Flow | $543K-82.1% | $3.0M+474.4% | $527K-74.7% | $2.1M+23.7% | $1.7M+167.5% | -$2.5M-245.4% | $1.7M-51.4% | $3.5M |
| Investing Cash Flow | -$855K+65.6% | -$2.5M-78.8% | -$1.4M+20.9% | -$1.8M-5070.6% | -$34K+97.2% | -$1.2M-276.6% | -$320K-1782.4% | -$17K |
| Financing Cash Flow | $269K-2.5% | $276K+2200.0% | $12K-97.2% | $434K+57.2% | $276K-21.8% | $353K+21.7% | $290K-48.8% | $566K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MRAM Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.2%-0.0pp | 51.3%-0.1pp | 51.4%+0.1pp | 51.3%+2.3pp | 49.0%-7.5pp | 56.5%-1.5pp | 58.1%-2.2pp | 60.2% |
| Operating Margin | -11.0%+3.9pp | -14.8%-0.1pp | -14.7%-3.0pp | -11.8%+14.7pp | -26.5%-22.3pp | -4.2%-13.7pp | 9.5%-2.5pp | 12.0% |
| Net Margin | 0.4%+5.5pp | -5.1%+3.8pp | -8.9%-18.1pp | 9.2%+32.7pp | -23.5%-22.1pp | -1.4%-13.2pp | 11.8%-3.0pp | 14.8% |
| Return on Equity | 0.1% | N/A | N/A | 1.9% | N/A | N/A | 3.6%-1.2pp | 4.8% |
| Return on Assets | 0.1%+0.9pp | -0.9%+0.6pp | -1.5%-3.0pp | 1.6%+5.4pp | -3.9%-3.6pp | -0.3%-3.2pp | 2.9%-0.9pp | 3.9% |
| Current Ratio | 5.84-0.0 | 5.87+0.6 | 5.31-1.2 | 6.48-4.6 | 11.11+1.5 | 9.56+3.0 | 6.59-0.4 | 6.97 |
| Debt-to-Equity | 0.010.0 | 0.010.0 | 0.020.0 | 0.03-0.1 | 0.17-0.0 | 0.19-0.1 | 0.250.0 | 0.25 |
| FCF Margin | 3.9%-19.1pp | 22.9%+18.9pp | 4.0%-11.7pp | 15.8%-0.1pp | 15.9%+33.2pp | -17.3%-27.6pp | 10.3%-11.2pp | 21.5% |
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Frequently Asked Questions
What is Everspin Technol's annual revenue?
Everspin Technol (MRAM) reported $50.4M in total revenue for fiscal year 2024. This represents a -21.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Everspin Technol's revenue growing?
Everspin Technol (MRAM) revenue declined by 21% year-over-year, from $63.8M to $50.4M in fiscal year 2024.
Is Everspin Technol profitable?
Yes, Everspin Technol (MRAM) reported a net income of $781K in fiscal year 2024, with a net profit margin of 1.6%.
What is Everspin Technol's earnings per share (EPS)?
Everspin Technol (MRAM) reported diluted earnings per share of $0.04 for fiscal year 2024. This represents a -90.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Everspin Technol's EBITDA?
Everspin Technol (MRAM) had EBITDA of -$5.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Everspin Technol have?
As of fiscal year 2024, Everspin Technol (MRAM) had $42.1M in cash and equivalents against $1.8M in long-term debt.
What is Everspin Technol's gross margin?
Everspin Technol (MRAM) had a gross margin of 51.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Everspin Technol's operating margin?
Everspin Technol (MRAM) had an operating margin of -14.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Everspin Technol's net profit margin?
Everspin Technol (MRAM) had a net profit margin of 1.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Everspin Technol's return on equity (ROE)?
Everspin Technol (MRAM) has a return on equity of 1.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Everspin Technol's free cash flow?
Everspin Technol (MRAM) generated $4.0M in free cash flow during fiscal year 2024. This represents a -65.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Everspin Technol's operating cash flow?
Everspin Technol (MRAM) generated $7.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Everspin Technol's total assets?
Everspin Technol (MRAM) had $77.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Everspin Technol's capital expenditures?
Everspin Technol (MRAM) invested $3.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Everspin Technol spend on research and development?
Everspin Technol (MRAM) invested $13.7M in research and development during fiscal year 2024.
How many shares does Everspin Technol have outstanding?
Everspin Technol (MRAM) had 22M shares outstanding as of fiscal year 2024.
What is Everspin Technol's current ratio?
Everspin Technol (MRAM) had a current ratio of 6.48 as of fiscal year 2024, which is generally considered healthy.
What is Everspin Technol's debt-to-equity ratio?
Everspin Technol (MRAM) had a debt-to-equity ratio of 0.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Everspin Technol's return on assets (ROA)?
Everspin Technol (MRAM) had a return on assets of 1.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Everspin Technol's Piotroski F-Score?
Everspin Technol (MRAM) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Everspin Technol's earnings high quality?
Everspin Technol (MRAM) has an earnings quality ratio of 9.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Everspin Technol?
Everspin Technol (MRAM) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.