Everspin Technologies, Inc (MRAM) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MRAM SEC filings page.
Everspin Technologies, Inc (MRAM) reported $62.5M in revenue over the twelve months to Jun 30, 2026, up 20.9% from the prior twelve months. 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).
Everspin's FY2025 cash generation remained positive, but heavier investment and weaker margins show a business operating below its prior earnings efficiency.
In FY2025, operating cash flow reached$10.0M despite a net loss of$586K , so the accounting loss did not translate into equivalent cash consumption. Capex nearly doubled from FY2024 to FY2025 while free cash flow declined despite higher operating cash flow, showing that reinvestment absorbed more of the cash produced.
The FY2025 gross margin of
The balance sheet is lightly debt-funded: FY2025 liabilities were
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 Technologies, Inc'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 Technologies, Inc has an operating margin of -11.8%, meaning the company loses $12 on every $100 of revenue. This results in a profitability score of 15/100. This is up from -14.1% the prior year.
Everspin Technologies, Inc's revenue grew 9.5% year-over-year to $55.2M, a solid pace of expansion. This earns a growth score of 12/100.
Everspin Technologies, Inc 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 Technologies, Inc holds $4.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 91/100.
Everspin Technologies, Inc has a free cash flow margin of 5.7%, earning a moderate score of 63/100. The company generates positive cash flow after capital investments, but with room for improvement.
Everspin Technologies, Inc 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 19/100. This is down from 1.3% the prior year.
Everspin Technologies, Inc scores 15.39, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($432.5M) 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 Technologies, Inc 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 Technologies, Inc 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 Technologies, Inc generated $18.7M in revenue in Q2 2026. This represents an increase of 41.9% from the same quarter a year earlier. Against the prior quarter it is up 26.0%.
Everspin Technologies, Inc's EBITDA was -$3.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 230.5% from the same quarter a year earlier. Against the prior quarter it is down 82.2%.
Everspin Technologies, Inc reported -$3.6M in net income in Q2 2026. This represents a decrease of 435.7% from the same quarter a year earlier. Against the prior quarter it is down 1112.5%.
Everspin Technologies, Inc earned -$0.15 per diluted share (EPS) in Q2 2026. This represents a decrease of 400.0% from the same quarter a year earlier. Against the prior quarter it is down 1400.0%.
Cash & Balance Sheet
Everspin Technologies, Inc recorded an outflow of $1.2M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 138.4% from the same quarter a year earlier. Against the prior quarter it is up 69.3%.
Everspin Technologies, Inc held $43.9M in cash against $16K in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Everspin Technologies, Inc's gross margin was 53.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.
Everspin Technologies, Inc's operating margin was -23.4% in Q2 2026, reflecting core business profitability. This is down 8.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.1 percentage points.
Everspin Technologies, Inc's net profit margin was -19.2% in Q2 2026, showing the share of revenue converted to profit. This is down 14.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 17.2 percentage points.
Everspin Technologies, Inc's ROE was -4.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.5 percentage points.
Capital Allocation
Everspin Technologies, Inc invested $4.8M in research and development in Q2 2026. This represents an increase of 35.1% from the same quarter a year earlier. Against the prior quarter it is up 34.2%.
Everspin Technologies, Inc invested $1.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 33.5% from the same quarter a year earlier. Against the prior quarter it is down 69.6%.
Not reported for Q2 2026.
MRAM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.7M+41.9% | $14.9M+13.2% | $14.8M+11.8% | $14.1M+16.3% | $13.2M+24.1% | $13.1M-9.0% | $13.2M-20.7% | $12.1M-26.6% |
| Cost of Revenue | $8.6M+34.3% | $7.0M+10.1% | $7.3M+13.1% | $6.9M+11.6% | $6.4M+18.7% | $6.4M+1.8% | $6.4M-8.0% | $6.1M-6.2% |
| Gross Profit | $10.1M+49.2% | $7.8M+16.1% | $7.5M+10.5% | $7.2M+21.1% | $6.8M+29.8% | $6.8M-17.2% | $6.8M-29.9% | $6.0M-40.0% |
| R&D Expenses | $4.8M+35.1% | $3.6M+7.4% | $3.6M+4.1% | $3.6M+5.9% | $3.6M+3.6% | $3.4M-1.8% | $3.4M+6.8% | $3.4M+27.3% |
| SG&A Expenses | $7.8M+114.9% | $5.1M+31.9% | $3.4M-3.0% | $3.7M+9.7% | $3.6M+11.9% | $3.8M-4.9% | $3.5M-4.1% | $3.4M-14.5% |
| Operating Income | -$4.4M-123.5% | -$2.7M-40.6% | -$1.1M+31.3% | -$1.5M+27.0% | -$2.0M+30.4% | -$1.9M-222.0% | -$1.6M-198.1% | -$2.1M-206.9% |
| EBITDA | -$3.7M-230.5% | -$2.0M-85.7% | -$419K+59.0% | -$679K+60.4% | -$1.1M+54.1% | -$1.1M-437.6% | -$1.0M-154.2% | -$1.7M-175.6% |
| Income Tax | $0+100.0% | $3K-90.0% | $128K | -$3K-130.0% | -$26K-134.2% | $30K | N/A | $10K |
| Net Income | -$3.6M-435.7% | -$296K+74.6% | $1.2M-1.5% | $54K-97.6% | -$670K+73.2% | -$1.2M-477.2% | $1.2M-38.3% | $2.3M-6.8% |
| EPS (Basic) | -$0.15-400.0% | -$0.01+80.0% | $0.05-16.7% | $0.00-100.0% | -$0.03+75.0% | -$0.05-400.0% | $0.06-40.0% | $0.10-16.7% |
| EPS (Diluted) | -$0.15-400.0% | -$0.01+80.0% | $0.05-16.7% | $0.00-100.0% | -$0.03+75.0% | -$0.05-400.0% | $0.06-33.3% | $0.10-9.1% |
| Diluted Shares (Avg) | 24M+6.1% | 23M+4.3% | N/A | 23M+5.3% | 23M+4.3% | 22M+4.4% | N/A | 22M+0.7% |
Not reported in any period shown, so not listed: Interest Expense.
MRAM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $89.4M+13.3% | $83.2M+3.7% | $84.6M+8.8% | $80.3M+10.6% | $78.9M+22.2% | $80.2M+21.3% | $77.8M+15.6% | $72.6M+15.2% |
| Current Assets | $69.0M+6.6% | $63.7M-4.5% | $65.2M+1.5% | $66.6M+4.1% | $64.8M+16.9% | $66.8M+18.4% | $64.2M+10.9% | $64.0M+18.8% |
| Cash & Equivalents | $43.9M-2.4% | $40.5M-3.9% | $44.5M+5.6% | $45.3M+14.3% | $45.0M+22.3% | $42.2M+21.1% | $42.1M+13.9% | $39.6M+13.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $13.1M+15.7% | $11.3M+2.4% | $10.7M+17.8% | $11.8M+40.0% | $11.3M+41.6% | $11.0M+36.5% | $9.1M+8.6% | $8.4M-2.3% |
| Accounts Receivable | $10.8M+46.1% | $10.2M-19.1% | $8.1M-30.9% | $8.7M-23.8% | $7.4M-27.1% | $12.6M-3.9% | $11.7M+1.5% | $11.4M+13.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $16.3M+9.7% | $12.9M-24.7% | $15.7M+3.3% | $14.5M+8.4% | $14.8M+62.4% | $17.2M+65.7% | $15.2M+13.6% | $13.3M+5.5% |
| Current Liabilities | $14.6M+32.1% | $11.1M-12.0% | $13.5M+35.7% | $11.4M+20.1% | $11.0M+121.2% | $12.6M+113.2% | $9.9M+12.9% | $9.5M+22.8% |
| Non-Current Liabilities | $1.7M-55.1% | $1.9M-59.3% | $2.2M-57.6% | $3.0M-20.5% | $3.8M-8.2% | $4.6M+3.2% | $5.3M+14.7% | $3.8M-21.9% |
| Long-Term Debt | $16K-98.2% | $16K-98.8% | $15K-99.2% | $465K | $905K | $1.3M | $1.8M | N/A |
| Total Equity | $73.1M+14.1% | $70.2M+11.4% | $68.9M+10.1% | $65.8M+11.0% | $64.1M+15.6% | $63.0M+13.0% | $62.6M+16.1% | $59.3M+17.7% |
| Retained Earnings | -$141.3M-1.9% | -$137.8M+0.2% | -$137.5M-0.4% | -$138.7M-0.4% | -$138.7M+1.2% | -$138.0M-0.1% | -$136.9M+0.6% | -$138.1M+1.1% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $159K-96.8% | $570K-60.4% | $2.6M-31.5% | $881K-69.0% | $5.0M+191.4% | $1.4M+211.4% | $3.8M+87.7% | $2.8M-20.2% |
| Depreciation & Amortization | $708K-16.6% | $699K-17.4% | $651K+21.9% | $866K+115.4% | $849K+113.9% | $846K+112.6% | $534K+78.0% | $402K+39.6% |
| Stock-Based Compensation | $1.4M-3.2% | $1.3M-17.6% | N/A | $1.4M-8.2% | $1.4M-23.8% | $1.6M-8.0% | N/A | $1.5M+19.7% |
| Capital Expenditures | $1.3M-33.5% | $4.4M+377.0% | $3.6M+106.0% | $338K+436.5% | $2.0M+5747.1% | $913K-24.2% | $1.7M+439.2% | $63K+270.6% |
| Free Cash Flow | -$1.2M-138.4% | -$3.8M-818.2% | -$975K-146.7% | $543K-80.4% | $3.0M+79.4% | $527K+121.1% | $2.1M+21.4% | $2.8M-21.6% |
| Investing Cash Flow | -$1.8M+26.9% | -$4.8M-247.5% | -$3.9M-124.2% | -$855K-1257.1% | -$2.5M-7214.7% | -$1.4M-15.4% | -$1.8M-449.4% | -$63K-270.6% |
| Financing Cash Flow | $5.1M+1734.1% | $308K+2466.7% | $510K+17.5% | $269K+449.0% | $276K0.0% | $12K-96.6% | $434K+49.7% | $49K-91.3% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
MRAM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.9%+2.6pp | 52.7%+1.3pp | 50.8%-0.6pp | 51.2%+2.0pp | 51.3%+2.2pp | 51.4%-5.1pp | 51.3%-6.8pp | 49.2%-11.0pp |
| Operating Margin | -23.4%-8.5pp | -18.3%-3.6pp | -7.2%+4.5pp | -11.0%+6.5pp | -14.8%+11.7pp | -14.7%-10.6pp | -11.8%-21.3pp | -17.5%-29.5pp |
| Net Margin | -19.2%-14.1pp | -2.0%+6.9pp | 8.1%-1.1pp | 0.4%-18.4pp | -5.1%+18.4pp | -8.9%-7.5pp | 9.2%-2.6pp | 18.8%+4.0pp |
| Return on Equity | -4.9%-3.9pp | -0.4%+1.4pp | 1.7%-0.2pp | 0.1%-3.8pp | -1.1%+3.5pp | -1.8%-1.5pp | 1.9%-1.7pp | 3.8%-1.0pp |
| Return on Assets | -4.0%-3.2pp | -0.4%+1.1pp | 1.4%-0.1pp | 0.1%-3.1pp | -0.9%+3.0pp | -1.5%-1.1pp | 1.6%-1.4pp | 3.1%-0.7pp |
| Current Ratio | 4.74-1.1x | 5.76+0.5x | 4.84-1.6x | 5.84-0.9x | 5.87-5.2x | 5.31-4.3x | 6.48-0.1x | 6.74-0.2x |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.01-0.2x | 0.01-0.2x | 0.02-0.2x | 0.03-0.2x | 0.220.0x |
| Asset Turnover | 0.210.0x | 0.180.0x | 0.170.0x | 0.180.0x | 0.170.0x | 0.16-0.1x | 0.17-0.1x | 0.17-0.1x |
| FCF Margin | -6.2%-29.1pp | -25.4%-29.5pp | -6.6%-22.3pp | 3.9%-19.1pp | 22.9%+7.1pp | 4.0%+21.3pp | 15.8%+5.5pp | 22.9%+1.5pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Everspin Technologies, Inc MRAM | FY2025 | $55.2M | -$586K | -1.1% | $432.5M | 48/100 |
| Sequans Communications S.A. SQNS | FY2025 | $33.6M | -$41.0M | N/A | $41.1M | 15/100 |
| Valens Semiconductor Ltd. VLN | FY2025 | $70.6M | -$31.6M | -44.7% | $203.6M | 59/100 |
| Magnachip Semiconductor Corp. MX | FY2025 | $178.9M | -$29.7M | -16.6% | $129.2M | 46/100 |
| Intchains Group Limited ICG | FY2025 | $31.6M | -$6.8M | -21.5% | $58.1M | 52/100 |
| Nano Labs Ltd NA | FY2025 | $3.8M | $19.3M | N/A | $47.1M | 21/100 |
Where Everspin Technologies, Inc Ranks
Frequently Asked Questions
What is Everspin Technologies, Inc's annual revenue?
Everspin Technologies, Inc (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 Technologies, Inc's revenue growing?
Everspin Technologies, Inc (MRAM) revenue grew by 9.5% year-over-year, from $50.4M to $55.2M in fiscal year 2025.
Is Everspin Technologies, Inc profitable?
No, Everspin Technologies, Inc (MRAM) reported a net income of -$586K in fiscal year 2025, with a net profit margin of -1.1%.
What is Everspin Technologies, Inc's EBITDA?
Everspin Technologies, Inc (MRAM) had EBITDA of -$3.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Everspin Technologies, Inc have?
As of fiscal year 2025, Everspin Technologies, Inc (MRAM) had $44.5M in cash and equivalents against $15K in long-term debt.
What is Everspin Technologies, Inc's gross margin?
Everspin Technologies, Inc (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 Technologies, Inc's operating margin?
Everspin Technologies, Inc (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 Technologies, Inc's net profit margin?
Everspin Technologies, Inc (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 Technologies, Inc's return on equity (ROE)?
Everspin Technologies, Inc (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 Technologies, Inc's free cash flow?
Everspin Technologies, Inc (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 Technologies, Inc's operating cash flow?
Everspin Technologies, Inc (MRAM) generated $10.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Everspin Technologies, Inc's total assets?
Everspin Technologies, Inc (MRAM) had $84.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Everspin Technologies, Inc's capital expenditures?
Everspin Technologies, Inc (MRAM) invested $6.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Everspin Technologies, Inc spend on research and development?
Everspin Technologies, Inc (MRAM) invested $14.1M in research and development during fiscal year 2025.
What is Everspin Technologies, Inc's current ratio?
Everspin Technologies, Inc (MRAM) had a current ratio of 4.84 as of fiscal year 2025, which is generally considered healthy.
What is Everspin Technologies, Inc's debt-to-equity ratio?
Everspin Technologies, Inc (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 Technologies, Inc's return on assets (ROA)?
Everspin Technologies, Inc (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 Technologies, Inc's P/E ratio?
Everspin Technologies, Inc (MRAM) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $432.5M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Everspin Technologies, Inc's price-to-sales ratio?
Everspin Technologies, Inc (MRAM) trades at 6.9x sales, its market capitalization divided by revenue of $62.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $432.5M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Everspin Technologies, Inc's Altman Z-Score?
Everspin Technologies, Inc (MRAM) has an Altman Z-Score of 15.39, 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 Technologies, Inc's Piotroski F-Score?
Everspin Technologies, Inc (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 Technologies, Inc's earnings high quality?
Everspin Technologies, Inc (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 Technologies, Inc?
Everspin Technologies, Inc (MRAM) scores 48 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.