Pricing Log in Create free account
Friday 6 November 2026 Export MRAM’s income statement to Excel — free account

EVERSPIN TECH

MRAM Technology Semiconductors

EVERSPIN TECH’s revenue for fiscal 2025 (year ended December 2025) was $55.2 million, up 9.52% from fiscal 2024.

Revenue
+41.9%
EPS
−400.0%
Free cash flow
−165.7%

Quarter to June 2026, against a year earlier

11.70 0.97 +9.04%
Market cap
$262.0M
P/E
0.0×
Fwd P/E
−38.3×
Dividend yield
—
F-score
3/9
Altman Z
6.87
Beneish M
−3.50
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 19.84
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 2 — — 4 8 — 6 — — 3 —
Insider Ownership 13.54%

Capital & Financial Ratios $m

Size
Market Cap 262.01
Revenue ttm 62.47
Net income ttm (2.63)
Free cash flow ttm (7.21)
Net debt Q (43.90)
Valuation
P/E 0.00
Forward P/E (38.30) (negative: loss-making)
Price / sales 4.13
Forward P/S Powerpack
Price / FCF 0.00
Price / book 3.52
Financial health
Current ratio Q 4.74 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 11.05
Growth
Revenue growth Q +41.93% (above 0%: growing)
Operating income growth Q −123.51% (below 0%: shrinking)
EPS, this year −1,333.33% (below 0%: weak)
EPS, next year A +155.04% (at or above 15%: strong)
Revenue, next year A +37.28% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +20.00% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.5×, against a ten-year median of 2.4×; over the ten years it ranged from 0.6× in 2017 to 10.1× in 2026.
P/S against its own 10 years 85.64%
10-year low 10-year high
P/B against its own 10 years 33.25%
10-year low 10-year high
EV/Sales against its own 10 years 84.89%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 37 42 44 44
Receivables 12 12 8 11
Inventory 8 9 11 13
Other — — — —
58 64 65 69
2023 2024 2025 Q'26
Payables 3 2 5 2
ST’ Debt — — — —
Other — 4 3 1
9 10 13 15

Compound Annual Growth %

10y 5y 3y
Sales 7.60% 5.60% (2.73%)
Cash Flow 0.00% 0.00% 1.61%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 31.67% 21.25%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY19 Estimate −0.26 Actual −0.25

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY18 −0.43 −0.40 Beat by 0.03
Q3 FY18 −0.34 −0.33 Beat by 0.01
Q4 FY18 −0.23 −0.20 Beat by 0.03
Q1 FY19 −0.26 −0.25 Beat by 0.01
Q4 FY26 0.16 — Reports 3 March 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.01) (0.15) — — —
’25 (0.05) (0.03) 0.00 0.05 (0.03)
’24 (0.01) (0.12) 0.10 0.05 0.04
’23 0.04 0.18 0.11 0.09 0.42
’22 0.09 0.08 0.09 0.03 0.29
’21 (0.02) 0.01 0.04 0.19 0.22
’20 (0.10) (0.07) (0.21) (0.08) (0.45)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 15 19 — — —
’25 13 13 14 15 55
’24 14 11 12 13 50
’23 15 16 16 17 64
’22 14 15 15 16 60
’21 10 12 15 18 55
’20 10 12 10 10 42
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1 0 — — —
’25 1 5 1 3 10
’24 (1) 2 3 4 7
’23 1 6 4 2 13
’22 (1) 4 1 5 9
’21 2 (1) 2 6 9
’20 (3) (2) 1 1 (3)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (2) — — —
’25 0 3 0 (1) 1
’24 (2) 2 3 2 4
’23 0 6 4 2 12
’22 (1) 4 1 4 7
’21 1 (1) 2 6 8
’20 (3) (2) 1 1 (3)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 27 36 49 38 42 55 60 64 50 55 62 +8.2% 76 88 95 +19.9%
Gross margin, % 54.25 59.79 51.27 48.88 43.04 59.97 56.59 58.41 51.84 51.16 52.28 (3.1) pt
EBT (17) (21) (18) (15) (8) 4 6 9 1 0 (3) (33.0%)
EBT margin, % (61.67) (58.72) (35.93) (39.11) (19.63) 7.88 10.24 14.17 1.47 (0.83) (4.01) +60.8 pt
Net income (17) (21) (18) (15) (9) 4 6 9 1 (1) (3) (31.1%)
Per share, $
Per share, $ Revenue 5.72 2.88 3.02 2.17 2.24 2.84 2.98 3.07 2.33 2.45 2.62 (9.0%)
Earnings (3.52) (1.69) (1.08) (0.85) (0.45) 0.22 0.30 0.44 0.04 (0.03) (0.11) (41.1%)
Cash flow (3.91) (1.51) (0.90) (0.47) (0.16) 0.48 0.47 0.63 0.33 0.44 0.18 n/m
Capex (0.22) (0.25) (0.12) (0.05) (0.02) (0.05) (0.13) (0.07) (0.14) (0.38) (0.48) +6.4%
Free cash flow (4.13) (1.76) (1.01) (0.52) (0.17) 0.43 0.34 0.57 0.19 0.06 (0.30) n/m
Book value 5.67 0.87 1.52 1.07 0.93 1.40 1.92 2.60 2.89 3.05 3.06 (6.6%)
Shares, m 5 12 16 17 19 19 20 21 22 23 23 +18.9%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 49.13 17.93 19.86 319.50 0.00 0.00 40.6
P/S 1.33 2.62 1.86 2.43 2.06 3.98 1.81 2.84 2.74 3.79 4.13 2.5
P/B 1.35 8.64 3.69 4.93 4.96 8.05 2.80 3.36 2.21 3.04 3.52 4.3
EV/Sales 0.54 2.59 1.64 2.25 1.90 3.68 1.42 2.32 1.98 3.05 3.48 2.1
EV/FCF (0.74) (4.25) (4.88) (9.40) (24.60) 24.34 12.31 12.60 24.63 131.05 (30.12) 16.1
Cash, $m
Cash, $m Operating cash flow (19) (19) (15) (8) (3) 9 9 13 7 10 4 n/m
Capex (1) (3) (2) (1) 0 (1) (3) (1) (3) (9) (11) +26.6%
Free cash flow (20) (22) (17) (9) (3) 8 7 12 4 1 (7) n/m
Balance, $m
Balance, $m Working capital 29 15 27 21 18 26 34 49 54 52 54 +6.6%
Net debt (22) (1) (11) (7) (7) (17) (24) (37) (42) (44) (44) +8.3%
Shareholders’ equity 27 11 25 18 17 27 39 54 63 69 73 +11.0%
Returns, %
Returns, % ROA (63.73) (57.88) (46.43) (36.48) (25.07) 12.08 12.94 14.76 1.08 (0.72) (3.13) +63.0 pt
ROIC (184.91) (125.06) (77.17) (76.20) (43.76) 29.33 26.91 21.67 (21.62) (16.62) (20.78) +168.3 pt
ROE 76.71 (111.77) (99.17) (67.58) (47.42) 19.45 18.60 19.55 1.34 (0.89) (3.84) (77.6) pt
People
People Employees 90 90 95 88 76 75 89 83 87 85 — (0.6%)
Revenue/emp, $m 0.30 0.40 0.52 0.43 0.55 0.74 0.67 0.77 0.58 0.65 — +8.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

EVERSPIN TECH vs peers in Semiconductors (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AOSL Alpha and Omega Semiconductor Limited $560.0M — (loss-making) — (loss-making) −3.46% (below 0%: shrinking) n/m −45.84% (below 0%: shrinking) 23.09% (6.45%) Compare
NVEC NVE Corporation $345.0M 19.5× 17.7× −8.07% (below 0%: shrinking) −2.94% (below 0%: shrinking) +112.93% (above 0%: growing) 78.22% 54.95% Compare
INDI indie Semiconductor, Inc. $314.1M — (loss-making) — (loss-making) +23.97% (above 0%: growing) n/m −134.86% (below 0%: shrinking) 36.07% (54.81%) Compare
LAES SEALSQ Corp. $284.0M — — — — −417.61% (below 0%: shrinking) — — Compare
MRAM EVERSPIN TECH $262.0M — (loss-making) — (loss-making) +41.93% (above 0%: growing) n/m −165.66% (below 0%: shrinking) 53.89% (23.39%)
VLN Valens Semiconductor, Ltd. $147.3M — (loss-making) — (loss-making) +6.13% (above 0%: growing) n/m −1,024.55% (below 0%: shrinking) 61.52% (43.89%) Compare
QUIK QuickLogic Corporation $134.5M — (loss-making) — (loss-making) +48.68% (above 0%: growing) n/m +194.21% (above 0%: growing) 43.91% (31.32%) Compare
GSIT GSI Technology, Inc. $123.0M — (loss-making) — (loss-making) +0.46% (above 0%: growing) n/m −143.28% (below 0%: shrinking) 53.37% (85.31%) Compare
ALMU Aeluma, Inc. $115.9M — (loss-making) — (loss-making) −55.81% (below 0%: shrinking) n/m −1,197.87% (below 0%: shrinking) 25.60% (751.20%) Compare
Median of peers $215.7M — — +0.46% — −139.07% 43.91% (43.89%)

All 68 Semiconductors stocks →

Pay and ownership Proxy statement filed 7 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.59m 2.29m 166.91
2024 3.02m 2.12m 114.93
2023 2.12m 1.86m 162.59

Ownership

Directors and executive officers, together 6.30%
AWM Investment TEST Company, Inc. 9.10%
Lynrock Lake, L.P. 7.50%
Barclays PLC 6.60%
Entities affiliated with NV Partners 6.50%
Entities affiliated with Sigma Partners 5.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

EVERSPIN TECH (MRAM) Latest News

30 Oct

Impact 3 · · Simply Wall St.

29 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 3 · · Moby

28 Oct

Impact 4 · · Business Wire

20 Oct

Impact 4 · · Business Wire

29 Sep

Impact 4 · · Business Wire

14 Sep

Impact 3 · · The Motley Fool

2 Sep

Impact 4 · · InvestorsHub
Impact 4 ·

19 Aug

Impact 4 · · MarketBeat

15 Aug

Impact 4 · · MarketBeat

12 Aug

Impact 3 · · The Motley Fool transcript

6 Aug

Impact 3 · · Moby transcript

5 Aug

Impact 3 · · MarketBeat transcript
Impact 3 ·

4 Aug

Impact 4 ·

29 Jul

Impact 3 ·

9 Jun

Impact 3 · · Business Wire

24 May

Impact 3 · · Simply Wall St.

18 May

Impact 3 · · MarketBeat

13 May

Impact 4 · · Simply Wall St.

9 May

Impact 4 · · Insider Monkey

7 May

Impact 4 · · Simply Wall St.
Impact 4 · · Insider Monkey

4 May

Impact 4 · · Simply Wall St.

30 Apr

Impact 5 · · Business Wire
Impact 4 · · Moby
Impact 4 · · GuruFocus.com

29 Apr

Impact 4 · · MarketBeat
stockrow.com/MRAM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com