Everspin Technologies Inc. (MRAM) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, Everspin Technologies reported revenue of $55.2M, up 9.5% from $50.4M the year before. Net income was -$586,000 (a -1.1% net margin), or -$0.03 per diluted share. Gross margin was 51.2% and operating margin was -11.8%. Operating activities generated $10.0M of cash, leaving $3.1M of free cash flow. At fiscal year end, Everspin Technologies held $84.6M in total assets against $15.7M in total liabilities, including $44.5M of cash and equivalents.
Open the full interactive Everspin Technologies financials → Quarterly statements, key ratios, valuation history and price charts.
Everspin Technologies Key Stats
| Share Price | $15.08 |
|---|---|
| Market Cap | $360.1M |
| Revenue YoY Growth | +9.5% |
| 52-Week Range | $7.50 – $44.01 |
| Shares Outstanding | 23.9 million (basic, 2026 Q2) |
Everspin Technologies Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $42.0M | $55.1M | $60.0M | $63.8M | $50.4M | $55.2M |
| Cost of Goods Sold | $23.9M | $22.1M | $26.0M | $26.5M | $24.3M | $27.0M |
| Gross Profit | $18.1M | $33.1M | $33.9M | $37.2M | $26.1M | $28.2M |
| Operating Income | -$7.6M | $5.0M | $6.2M | $5.9M | -$7.1M | -$6.5M |
| Pre-Tax Income | -$8.3M | $4.3M | $6.1M | $9.0M | $741,000 | -$457,000 |
| Income Tax | $260,000 | $4,000 | $14,000 | -$16,000 | -$40,000 | $129,000 |
| Net Income | -$8.5M | $4.3M | $6.1M | $9.1M | $781,000 | -$586,000 |
| Diluted EPS | -$0.45 | $0.22 | $0.29 | $0.42 | $0.04 | -$0.03 |
Everspin Technologies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $14.1M | $14.8M | $14.9M | $18.7M |
| Net Income | $54,000 | $1.2M | -$296,000 | -$3.6M |
| Diluted EPS | — | $0.05 | -$0.01 | -$0.15 |
Everspin Technologies Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.6M | $21.4M | $26.8M | $36.9M | $42.1M | $44.5M |
| Current Assets | $28.2M | $36.8M | $44.7M | $57.9M | $64.2M | $65.2M |
| Total Assets | $32.5M | $39.4M | $55.3M | $67.3M | $77.8M | $84.6M |
| Current Liabilities | $10.2M | $10.3M | $10.9M | $8.8M | $9.9M | $13.5M |
| Total Long-Term Debt | $8.0M | $4.9M | $2.6M | — | $3.6M | $1.8M |
| Total Liabilities | $15.1M | $12.1M | $16.7M | $13.4M | $15.2M | $15.7M |
| Shareholders' Equity | $17.4M | $27.2M | $38.7M | $53.9M | $62.6M | $68.9M |
Everspin Technologies Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$2.9M | $9.4M | $9.5M | $13.1M | $7.1M | $10.0M |
| Cash From Investing | -$320,000 | -$1.0M | -$2.6M | -$1.4M | -$3.1M | -$8.7M |
| Cash From Financing | $3.4M | -$1.5M | -$1.5M | -$1.6M | $1.1M | $1.1M |
| Free Cash Flow | -$3.2M | $8.3M | $6.7M | $11.7M | $4.0M | $3.1M |
Figures from Everspin Technologies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Everspin Technologies financials page for every line item.
Everspin Technologies Company Profile
| Ticker | MRAM |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Chandler, Arizona |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001438423 |
Frequently Asked Questions
What was Everspin Technologies' revenue in fiscal 2025?
Everspin Technologies (MRAM) reported revenue of $55.2M for fiscal 2025.
What is Everspin Technologies' annual revenue history?
Everspin Technologies' annual revenue by fiscal year: 2020: $42.0M; 2021: $55.1M; 2022: $60.0M; 2023: $63.8M; 2024: $50.4M; 2025: $55.2M.
What was Everspin Technologies' net income in fiscal 2025?
Everspin Technologies reported net income of -$586,000 for fiscal 2025.
What was Everspin Technologies' earnings per share (EPS) in fiscal 2025?
Everspin Technologies' diluted EPS was -$0.03 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Everspin Technologies generate in fiscal 2025?
Everspin Technologies generated $3.1M of free cash flow in fiscal 2025.
What was Everspin Technologies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Everspin Technologies reported revenue of $18.7M.
How much debt does Everspin Technologies have?
Everspin Technologies reported $1.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Everspin Technologies are outstanding?
Everspin Technologies reported a weighted average of 23.9 million basic shares outstanding in 2026 Q2.
What is Everspin Technologies' market cap?
Based on its latest closing price, Everspin Technologies (MRAM) has a market capitalization of about $360.1M.
When does Everspin Technologies' fiscal year end?
Everspin Technologies' fiscal year end, as registered with the SEC, is December 31.
Where is Everspin Technologies headquartered?
Everspin Technologies lists its business address in Chandler, Arizona in its SEC filings.