Everspin Technol Financials
Everspin Technol (MRAM) reported $55.2M in revenue for fiscal year 2025, up 9.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
Large cash reserves are cushioning a margin-compressed operating model whose modest revenue rebound has not restored profits.
Over the last two years, gross margin slid from58.4% to51.2% while SG&A plus R&D stayed roughly flat, so the business lost the cost cushion that had supported profit earlier. That is why a revenue rebound still did not restore operating income: the pressure came from a weaker margin structure, not simply from a smaller sales base.
The balance sheet is unusually self-funded: cash of
FY2025 showed a cash conversion split: operating cash flow was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Everspin Technol's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Everspin Technol has an operating margin of -11.8%, meaning the company loses $12 on every $100 of revenue. This results in a profitability score of 18/100. This is up from -14.1% the prior year.
Everspin Technol's revenue grew 9.5% year-over-year to $55.2M, a solid pace of expansion. This earns a growth score of 14/100.
Everspin Technol carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.84, Everspin Technol holds $4.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 89/100.
Everspin Technol has a free cash flow margin of 5.7%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.
Everspin Technol posts a -0.9% return on equity (ROE), meaning it loses $1 for every $100 of shareholders' equity. This results in a returns score of 22/100. This is down from 1.3% the prior year.
Everspin Technol scores 14.79, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($416.6M) relative to total liabilities ($15.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Everspin Technol passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Everspin Technol reported a net loss of $586K while generating $10.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Everspin Technol generated $55.2M in revenue in fiscal year 2025. This represents an increase of 9.5% from the prior year.
Everspin Technol's EBITDA was -$3.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 38.5% from the prior year.
Everspin Technol reported -$586K in net income in fiscal year 2025. This represents a decrease of 175.0% from the prior year.
Everspin Technol earned -$0.03 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 175.0% from the prior year.
Cash & Balance Sheet
Everspin Technol generated $3.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.9% from the prior year.
Everspin Technol held $44.5M in cash against $15K in long-term debt as of fiscal year 2025.
Everspin Technol paid $0.00 per share in dividends in fiscal year 2025.
Margins & Returns
Everspin Technol's gross margin was 51.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.
Everspin Technol's operating margin was -11.8% in fiscal year 2025, reflecting core business profitability. This is up 2.3 percentage points from the prior year.
Everspin Technol's net profit margin was -1.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.6 percentage points from the prior year.
Everspin Technol's ROE was -0.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.1 percentage points from the prior year.
Capital Allocation
Everspin Technol invested $14.1M in research and development in fiscal year 2025. This represents an increase of 2.9% from the prior year.
Everspin Technol invested $6.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 124.3% from the prior year.
Not reported for fiscal year 2025.
MRAM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.5M | $55.2M+9.5% | $50.4M-21.0% | $63.8M+6.3% | $60.0M+8.8% | $55.1M+31.2% | $42.0M+12.1% | $37.5M-24.1% | $49.4M+37.5% | $35.9M+32.6% | $27.1M+2.1% | $26.5M+6.6% | $24.9M |
| Cost of Revenue | $29.8M | $27.0M+11.1% | $24.3M-8.5% | $26.5M+1.8% | $26.0M+18.0% | $22.1M-7.8% | $23.9M+24.9% | $19.2M-20.4% | $24.1M+66.7% | $14.5M+16.6% | $12.4M-1.4% | $12.6M+6.5% | $11.8M |
| Gross Profit | $32.7M | $28.2M+8.1% | $26.1M-29.9% | $37.2M+9.7% | $33.9M+2.6% | $33.1M+82.8% | $18.1M-1.3% | $18.3M-27.6% | $25.3M+17.9% | $21.5M+46.2% | $14.7M+5.2% | $14.0M+6.8% | $13.1M |
| R&D Expenses | $15.6M | $14.1M+2.9% | $13.7M+16.2% | $11.8M+6.0% | $11.1M-12.0% | $12.6M+15.9% | $10.9M-23.2% | $14.2M-40.0% | $23.6M-7.1% | $25.4M+32.3% | $19.2M-9.0% | $21.1M+66.8% | $12.7M |
| SG&A Expenses | $20.0M | $14.6M+2.9% | $14.1M-1.1% | $14.3M+21.8% | $11.7M+7.2% | $10.9M+1.6% | $10.8M-13.2% | $12.4M-1.1% | $12.6M+9.0% | $11.5M+58.2% | $7.3M+10.9% | $6.6M-7.3% | $7.1M |
| Operating Income | -$9.7M | -$6.5M+8.2% | -$7.1M-220.5% | $5.9M-5.5% | $6.2M+23.7% | $5.0M+166.6% | -$7.6M+47.5% | -$14.4M+16.8% | -$17.3M+14.3% | -$20.2M-30.2% | -$15.5M+11.5% | -$17.5M-76.8% | -$9.9M |
| Interest Expense | N/A | N/A | N/A | $63K-77.0% | $274K-49.9% | $547K-17.7% | $665K-11.0% | $747K-16.1% | $890K+16.5% | $764K-67.4% | $2.3M+259.4% | $653K+148.3% | $263K |
| Income Tax | $128K | $129K+422.5% | -$40K-150.0% | -$16K-214.3% | $14K+250.0% | $4K-98.5% | $260K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$2.6M | -$586K-175.0% | $781K-91.4% | $9.1M+47.7% | $6.1M+41.1% | $4.3M+151.0% | -$8.5M+42.0% | -$14.7M+17.4% | -$17.8M+15.9% | -$21.1M-26.3% | -$16.7M+8.1% | -$18.2M-78.6% | -$10.2M |
| EPS (Diluted) | — | -$0.03-175.0% | $0.04-90.5% | $0.42+44.8% | $0.29+31.8% | $0.22+148.9% | -$0.45 | N/A | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MRAM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $84.6M+8.8% | $77.8M+15.6% | $67.3M+21.6% | $55.3M+40.5% | $39.4M+21.1% | $32.5M-8.0% | $35.4M-21.5% | $45.0M+43.3% | $31.4M-24.2% | $41.5M+278.4% | $11.0M | N/A |
| Current Assets | $65.2M+1.5% | $64.2M+10.9% | $57.9M+29.3% | $44.7M+21.7% | $36.8M+30.4% | $28.2M-1.7% | $28.7M-29.5% | $40.7M+48.4% | $27.4M-30.6% | $39.5M+331.9% | $9.1M | N/A |
| Cash & Equivalents | $44.5M+5.6% | $42.1M+13.9% | $36.9M+37.9% | $26.8M+25.2% | $21.4M+46.6% | $14.6M+0.8% | $14.5M-38.0% | $23.4M+80.5% | $12.9M-56.4% | $29.7M+1188.6% | $2.3M-76.0% | $9.6M |
| Inventory | $10.7M+17.8% | $9.1M+8.6% | $8.4M+25.6% | $6.7M+4.5% | $6.4M+11.8% | $5.7M-27.2% | $7.9M-13.6% | $9.1M-7.5% | $9.8M+94.1% | $5.1M+21.4% | $4.2M | N/A |
| Accounts Receivable | $8.1M-30.9% | $11.7M+1.5% | $11.6M+8.3% | $10.7M+30.2% | $8.2M+7.7% | $7.6M+31.2% | $5.8M-22.9% | $7.5M+86.1% | $4.0M+27.5% | $3.2M+66.1% | $1.9M | N/A |
| Total Liabilities | $15.7M+3.3% | $15.2M+13.6% | $13.4M-19.7% | $16.7M+37.3% | $12.1M-19.7% | $15.1M-10.5% | $16.9M-16.1% | $20.1M-2.1% | $20.6M+40.8% | $14.6M-82.1% | $81.4M | N/A |
| Current Liabilities | $13.5M+35.7% | $9.9M+12.9% | $8.8M-19.3% | $10.9M+5.3% | $10.3M+0.9% | $10.2M+29.7% | $7.9M-42.0% | $13.6M+10.0% | $12.4M+19.2% | $10.4M+11.1% | $9.3M | N/A |
| Long-Term Debt | $15K-99.2% | $1.8M | N/A | N/A | $1.5M-59.2% | $3.7M-47.6% | $7.1M+9.8% | $6.5M-20.4% | $8.2M+93.9% | $4.2M-37.4% | $6.7M | N/A |
| Total Equity | $68.9M+10.1% | $62.6M+16.1% | $53.9M+39.5% | $38.7M+41.9% | $27.2M+56.4% | $17.4M-5.8% | $18.5M-25.8% | $24.9M+129.0% | $10.9M-59.5% | $26.9M+138.2% | -$70.4M-29.4% | -$54.4M |
| Retained Earnings | -$137.5M-0.4% | -$136.9M+0.6% | -$137.7M+6.2% | -$146.7M+4.0% | -$152.8M+2.8% | -$157.2M-5.7% | -$148.7M-10.9% | -$134.0M-14.0% | -$117.5M-21.9% | -$96.4M-21.0% | -$79.7M | N/A |
Not reported in any period shown, so not listed: Goodwill.
MRAM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.2M | $10.0M+40.3% | $7.1M-45.9% | $13.1M+38.3% | $9.5M+1.4% | $9.4M+420.2% | -$2.9M+64.0% | -$8.1M+44.7% | -$14.7M+22.3% | -$18.9M-1.9% | -$18.5M-73.7% | -$10.7M-34.4% | -$7.9M |
| Capital Expenditures | $9.6M | $6.8M+124.3% | $3.0M+117.2% | $1.4M-49.6% | $2.8M+170.7% | $1.0M+221.9% | $320K-62.8% | $861K-55.0% | $1.9M-37.7% | $3.1M+195.2% | $1.0M-19.7% | $1.3M+146.7% | $525K |
| Free Cash Flow | -$5.4M | $3.1M-22.9% | $4.0M-65.5% | $11.7M+74.9% | $6.7M-19.5% | $8.3M+356.8% | -$3.2M+63.9% | -$9.0M+45.9% | -$16.6M+24.5% | -$22.0M-12.2% | -$19.6M-63.6% | -$12.0M-41.4% | -$8.5M |
| Investing Cash Flow | -$11.4M | -$8.7M-183.5% | -$3.1M-120.9% | -$1.4M+46.4% | -$2.6M-151.1% | -$1.0M-221.9% | -$320K+62.8% | -$861K+55.0% | -$1.9M+37.7% | -$3.1M-195.2% | -$1.0M+19.7% | -$1.3M | N/A |
| Financing Cash Flow | $6.1M | $1.1M-4.0% | $1.1M+169.8% | -$1.6M-4.7% | -$1.5M-0.1% | -$1.5M-145.3% | $3.4M+3847.1% | $85K-99.7% | $27.0M+421.4% | $5.2M-89.0% | $47.0M+911.2% | $4.6M | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MRAM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.2%-0.7pp | 51.8%-6.6pp | 58.4%+1.8pp | 56.6%-3.4pp | 60.0%+16.9pp | 43.0%-5.8pp | 48.9%-2.4pp | 51.3%-8.5pp | 59.8%+5.5pp | 54.3%+1.6pp | 52.7%+0.1pp | 52.6% |
| Operating Margin | -11.8%+2.3pp | -14.1%-23.3pp | 9.2%-1.2pp | 10.4%+1.2pp | 9.1%+27.1pp | -18.0%+20.4pp | -38.4%-3.4pp | -35.0%+21.2pp | -56.2%+1.1pp | -57.3%+8.8pp | -66.1%-26.2pp | -39.8% |
| Net Margin | -1.1%-2.6pp | 1.6%-12.7pp | 14.2%+4.0pp | 10.2%+2.3pp | 7.9%+28.1pp | -20.3%+18.9pp | -39.1%-3.2pp | -35.9%+22.8pp | -58.7%+2.9pp | -61.7%+6.8pp | -68.5%-27.6pp | -40.9% |
| Return on Equity | -0.9%-2.1pp | 1.3%-15.5pp | 16.8%+0.9pp | 15.8%-0.1pp | 15.9%+64.8pp | -48.9%+30.4pp | -79.3%-8.1pp | -71.2%+122.6pp | -193.9%-131.7pp | -62.2% | N/A | N/A |
| Return on Assets | -0.7%-1.7pp | 1.0%-12.5pp | 13.5%+2.4pp | 11.1%+0.1pp | 11.0%+37.2pp | -26.2%+15.3pp | -41.5%-2.1pp | -39.4%+27.7pp | -67.1%-26.8pp | -40.3%+125.6pp | -165.9% | N/A |
| Current Ratio | 4.84-1.6x | 6.48-0.1x | 6.59+2.5x | 4.11+0.6x | 3.56+0.8x | 2.75-0.9x | 3.63+0.6x | 2.99+0.8x | 2.22-1.6x | 3.80+2.8x | 0.98 | N/A |
| Debt-to-Equity | 0.000.0x | 0.03-0.2x | 0.25-0.2x | 0.43+0.4x | 0.06-0.2x | 0.22-0.2x | 0.39+0.1x | 0.26-0.5x | 0.75+0.6x | 0.16 | N/A | N/A |
| FCF Margin | 5.7%-2.4pp | 8.0%-10.4pp | 18.4%+7.2pp | 11.2%-3.9pp | 15.1%+22.8pp | -7.7%+16.2pp | -23.9%+9.6pp | -33.6%+27.5pp | -61.1%+11.2pp | -72.3%-27.2pp | -45.1%-11.1pp | -34.0% |
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Where Everspin Technol Ranks
Frequently Asked Questions
What is Everspin Technol's annual revenue?
Everspin Technol (MRAM) reported $55.2M in total revenue for fiscal year 2025. This represents a 9.5% 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 grew by 9.5% year-over-year, from $50.4M to $55.2M in fiscal year 2025.
Is Everspin Technol profitable?
No, Everspin Technol (MRAM) reported a net income of -$586K in fiscal year 2025, with a net profit margin of -1.1%.
What is Everspin Technol's EBITDA?
Everspin Technol (MRAM) had EBITDA of -$3.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Everspin Technol have?
As of fiscal year 2025, Everspin Technol (MRAM) had $44.5M in cash and equivalents against $15K in long-term debt.
What is Everspin Technol's gross margin?
Everspin Technol (MRAM) had a gross margin of 51.2% in fiscal year 2025, 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 -11.8% in fiscal year 2025, 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 -1.1% in fiscal year 2025, 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 -0.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Everspin Technol's free cash flow?
Everspin Technol (MRAM) generated $3.1M in free cash flow during fiscal year 2025. This represents a -22.9% 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 $10.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Everspin Technol's total assets?
Everspin Technol (MRAM) had $84.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Everspin Technol's capital expenditures?
Everspin Technol (MRAM) invested $6.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Everspin Technol spend on research and development?
Everspin Technol (MRAM) invested $14.1M in research and development during fiscal year 2025.
What is Everspin Technol's current ratio?
Everspin Technol (MRAM) had a current ratio of 4.84 as of fiscal year 2025, which is generally considered healthy.
What is Everspin Technol's debt-to-equity ratio?
Everspin Technol (MRAM) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, 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 -0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Everspin Technol's Altman Z-Score?
Everspin Technol (MRAM) has an Altman Z-Score of 14.79, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Everspin Technol's Piotroski F-Score?
Everspin Technol (MRAM) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 to 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) reported a net loss of $586K while generating $10.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 50 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.