Saturday 17 October 2026 Export MRAM’s income statement to Excel — free account

EVERSPIN TECH

EVERSPIN TECH’s revenue for fiscal 2025 (year ended December 2025) was $55.2 million, up 9.52% from fiscal 2024. In the quarter to June 2026, revenue grew 41.9%, EPS fell 400.0% and free cash flow fell 165.7%, each against the same quarter a year earlier.

12.96 1.11 −7.89%

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Market cap: $342.6M
P/E: 0.0×
Fwd P/E: 946×
Dividend yield: —
F-score: 3/9
Altman Z: 6.87
Beneish M: −3.50
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 20.01

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	—	2	—	—	4	8	—	6	—	—	3

Insider Ownership 14.12%

Capital & Financial Ratios $m

Market Cap 342.60

Revenue 62.47

Net Income (2.63)

Free Cash Flow (7.21)

Net Debt (43.90)

Current Ratio 4.74

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E 946.00

P/S ratio 4.95

P/B ratio 4.23

Past 5Y EPS Growth —

This Y EPS Growth (622.22%)

Next Y EPS Growth 164.62%

Next Y revenue growth 35.05%

Next 5Y EPS Growth 20.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 90.24%

10-year low 10-year high

P/B against its own 10 years 46.20%

10-year low 10-year high

EV/Sales against its own 10 years 89.64%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.15	6.69	5.30	4.90	1.75	4.65	4.71	5.38	4.89	4.34	Analyst estimates 2026–2028 Powerpack
	High	9.99	25.39	11.48	9.83	9.01	14.36	13.29	10.50	9.39	12.27
People
People	Employees	90	90	95	88	76	75	89	83	87	85
	Revenue/emp, $m	0.30	0.40	0.52	0.43	0.55	0.74	0.67	0.77	0.58	0.65
Income, $m
Income, $m	Revenue	27	36	49	38	42	55	60	64	50	55
	Gross margin, %	54.25	59.79	51.27	48.88	43.04	59.97	56.59	58.41	51.84	51.16
	EBT	(17)	(21)	(18)	(15)	(8)	4	6	9	1	0
	EBT margin, %	(61.67)	(58.72)	(35.93)	(39.11)	(19.63)	7.88	10.24	14.17	1.47	(0.83)
	Net income	(17)	(21)	(18)	(15)	(9)	4	6	9	1	(1)
	Depreciation	1	1	1	2	2	1	1	1	2	3
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
	Earnings	(3.52)	(1.69)	(1.08)	(0.85)	(0.45)	0.22	0.30	0.44	0.04	(0.03)
	Cash flow	(3.91)	(1.51)	(0.90)	(0.47)	(0.16)	0.48	0.47	0.63	0.33	0.44
	Capex	(0.22)	(0.25)	(0.12)	(0.05)	(0.02)	(0.05)	(0.13)	(0.07)	(0.14)	(0.38)
	Free cash flow	(4.13)	(1.76)	(1.01)	(0.52)	(0.17)	0.43	0.34	0.57	0.19	0.06
	Book value	5.67	0.87	1.52	1.07	0.93	1.40	1.92	2.60	2.89	3.05
	Shares, m	5	12	16	17	19	19	20	21	22	23
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	49.13	17.93	19.86	319.50	0.00
	P/S	1.33	2.62	1.86	2.43	2.06	3.98	1.81	2.84	2.74	3.79
	P/B	1.35	8.64	3.69	4.93	4.96	8.05	2.80	3.36	2.21	3.04
	EV/Sales	0.54	2.59	1.64	2.25	1.90	3.68	1.42	2.32	1.98	3.05
	EV/FCF	(0.74)	(4.25)	(4.88)	(9.40)	(24.60)	24.34	12.31	12.60	24.63	131.05
Cash, $m
Cash, $m	Operating cash flow	(19)	(19)	(15)	(8)	(3)	9	9	13	7	10
	Capex	(1)	(3)	(2)	(1)	0	(1)	(3)	(1)	(3)	(9)
	Free cash flow	(20)	(22)	(17)	(9)	(3)	8	7	12	4	1
Balance, $m
Balance, $m	Working capital	29	15	27	21	18	26	34	49	54	52
	Total debt	8	12	12	8	8	5	3	—	—	—
	Net debt	(22)	(1)	(11)	(7)	(7)	(17)	(24)	(37)	(42)	(44)
	Shareholders’ equity	27	11	25	18	17	27	39	54	63	69
Returns, %
Returns, %	ROA	(63.73)	(57.88)	(46.43)	(36.48)	(25.07)	12.08	12.94	14.76	1.08	(0.72)
	ROIC	(184.91)	(125.06)	(77.17)	(76.20)	(43.76)	29.33	26.91	21.67	(21.62)	(16.62)
	ROE	76.71	(111.77)	(99.17)	(67.58)	(47.42)	19.45	18.60	19.55	1.34	(0.89)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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	$707.3M	— (loss-making)	— (loss-making)	−3.46% (below 0%: shrinking)	n/m	−45.84% (below 0%: shrinking)	23.09%	(6.45%)	Compare
NVEC NVE Corporation	$501.6M	26.6×	17.7×	+80.75% (above 0%: growing)	+78.38% (above 0%: growing)	+27.04% (above 0%: growing)	81.28%	65.85%	Compare
INDI indie Semiconductor, Inc.	$462.5M	— (loss-making)	— (loss-making)	+23.97% (above 0%: growing)	n/m	−134.86% (below 0%: shrinking)	36.07%	(54.81%)	Compare
LAES SEALSQ Corp.	$445.7M	—	—	—	—	−417.61% (below 0%: shrinking)	—	—	Compare
MRAM EVERSPIN TECH	$342.6M	— (loss-making)	946×	+41.93% (above 0%: growing)	n/m	−165.66% (below 0%: shrinking)	53.89%	(23.39%)
VLN Valens Semiconductor, Ltd.	$181.9M	— (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	$171.5M	— (loss-making)	— (loss-making)	+48.68% (above 0%: growing)	n/m	+194.21% (above 0%: growing)	43.91%	(31.32%)	Compare
ALMU Aeluma, Inc.	$170.9M	— (loss-making)	— (loss-making)	−55.81% (below 0%: shrinking)	n/m	−1,197.87% (below 0%: shrinking)	25.60%	(751.20%)	Compare
GSIT GSI Technology, Inc.	$165.3M	— (loss-making)	— (loss-making)	+0.46% (above 0%: growing)	n/m	−143.28% (below 0%: shrinking)	53.37%	(85.31%)	Compare
Median of peers	$313.8M	—	—	+6.13%	—	−139.07%	43.91%	(43.89%)

All 67 Semiconductors stocks →

EVERSPIN TECH (MRAM) key facts

Strength: EVERSPIN TECH’s revenue for fiscal 2025 (year ended December 2025) was $55.2 million, up 9.52% from fiscal 2024.
EVERSPIN TECH (MRAM) is a Semiconductors company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, MRAM traded at $12.96, a market capitalization of $342.6 million.
Return on equity was −0.89% and debt-to-equity 0.00.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 6.87 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.