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MRAM

Everspin Technologies, Inc.

MRAM

Everspin Technologies, Inc. • NASDAQ
$8.02 ▲ 2.04% (+0.16)
Market Cap $183.31 M
52w High $12.27
52w Low $4.33
Dividend Yield 0%
P/E -401
Volume 53.54K
Outstanding Shares 22.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $14.06M ▲ $8.751M ▲ $54K ▲ 0.384% ▲ $0.002 ▲ $917K ▲
Q2-2025 $13.201M ▲ $8.729M ▲ $-670K ▲ -5.075% ▲ $-0.03 ▲ $-1.112M ▼
Q1-2025 $13.138M ▼ $8.685M ▲ $-1.106M ▼ -8.418% ▼ $-0.05 ▼ $-1.086M ▼
Q4-2024 $13.243M ▲ $8.355M ▲ $1.214M ▼ 9.167% ▼ $0.056 ▼ $1.622M ▼
Q3-2024 $12.093M $8.067M $2.271M 18.779% $0.1 $2.683M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $45.257M ▲ $80.272M ▲ $14.451M ▼ $65.821M ▲
Q2-2025 $44.962M ▲ $78.922M ▼ $14.847M ▼ $64.075M ▲
Q1-2025 $42.158M ▲ $80.23M ▲ $17.197M ▲ $63.033M ▲
Q4-2024 $42.097M ▲ $77.789M ▲ $15.196M ▲ $62.593M ▲
Q3-2024 $39.588M $72.601M $13.327M $59.274M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $54K ▲ $881K ▼ $-855K ▲ $269K ▼ $295K ▼ $543K ▼
Q2-2025 $-670K ▲ $5.015M ▲ $-2.487M ▼ $276K ▲ $2.804M ▲ $3.027M ▲
Q1-2025 $-1.166M ▼ $1.44M ▼ $-1.391M ▲ $12K ▼ $61K ▼ $527K ▲
Q4-2024 $1.214M ▼ $1.799M ▼ $-1.758M ▼ $2.468M ▲ $2.509M ▼ $52K ▼
Q3-2024 $2.271M $2.838M $-63K $49K $2.824M $2.775M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
License
License
 $0 ▲$0 ▲$0 ▲$0 ▲
Product
Product
 $10.00M ▲$20.00M ▲$10.00M ▼$10.00M ▲
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Royalty
Royalty
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Everspin’s income statement shows a small but generally improving business that has moved from losses to modest profitability over the last few years, with a recent step back toward roughly break-even. Revenue has been fairly steady with only gradual growth, suggesting a focused niche rather than a broad, rapidly expanding market. Gross margins are healthy for a chip company, reflecting the value of its specialized products. However, earnings remain sensitive to swings in demand and spending, so profitability can move from profit to small loss fairly quickly, highlighting volatility and limited scale.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative and clean. Total assets and shareholder equity have been building over time, which points to gradual strengthening rather than aggressive expansion. Cash makes up a large portion of assets, and debt is minimal, so the company does not appear heavily reliant on borrowing. This gives Everspin flexibility to weather industry cycles and invest in its technology, but also underlines that it is still a small player with limited hard assets compared with larger semiconductor peers.

Cash Flow

Cash Flow Cash flow has been a bright spot. The company has been consistently generating cash from its operations in recent years, indicating that reported earnings are backed by real cash inflows. Free cash flow has been positive or roughly neutral, helped by modest investment needs and light capital spending. This pattern suggests the core business is self-funding at its current scale, though any major capacity or technology ramp-up in the future could change the cash demands.

Competitive Edge

Competitive Edge Everspin occupies a specialized corner of the memory market, focused on MRAM rather than commodity products. Its strengths include a large patent portfolio, years of manufacturing know‑how, and long-standing relationships in high‑reliability markets like industrial, automotive, aerospace, and defense. These areas value reliability and performance more than rock‑bottom pricing, which supports better margins. Partnerships with foundries and ecosystem players further reinforce its position. On the other hand, Everspin is small relative to mainstream memory giants and faces both direct MRAM competitors and the risk that alternative memory technologies could narrow its edge over time.

Innovation and R&D

Innovation and R&D Innovation is central to Everspin’s story. The company has successfully commercialized two MRAM technologies—Toggle MRAM for ultra‑reliable, rugged uses and STT‑MRAM for higher density and lower power. Its roadmap targets larger, faster, and more efficient MRAM suitable for data centers, AI, and edge devices. Everspin is also tailoring products for demanding environments, including radiation‑hardened chips for space and defense. Collaborations in automotive and RISC‑V ecosystems, as well as government and university projects, show an active push to embed MRAM more deeply into next‑generation systems. The key uncertainty is execution: scaling STT‑MRAM, hitting density targets, and converting technical wins into sustained commercial volume.

Summary

Overall, Everspin is a small, specialized semiconductor company built around a differentiated memory technology rather than commodity chips. Financially, it has moved from losses to modest, sometimes uneven profitability, supported by a solid balance sheet and consistently positive operating cash flow. Competitively, its strength lies in deep MRAM expertise, patents, and a focus on high‑reliability, higher‑value niches. Strategically, the upside potential is tied to broader adoption of MRAM in AI, automotive, industrial, and aerospace applications, while the main risks stem from its limited scale, cyclical demand, intense technology competition, and the need to keep executing on its product roadmap. The company’s trajectory will likely be driven by how effectively it can turn its technical lead into durable, growing end‑market positions.

NEWS

November 18, 2025 · 6:00 AM UTC

Everspin Expands PERSYST MRAM Family With High-Reliability Devices for Aerospace, Defense, Automotive and Industrial Applications

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November 5, 2025 · 4:00 PM UTC

Everspin Reports Unaudited Third Quarter 2025 Financial Results

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October 23, 2025 · 4:00 PM UTC

Everspin Announces Date of Third Quarter 2025 Financial Results Conference Call

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October 22, 2025 · 8:00 AM UTC

Renesas Adds Two New MCU Groups to Blazing Fast RA8 Series with 1GHz Performance and Embedded MRAM

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October 1, 2025 · 4:00 AM UTC

Quintauris and Everspin Technologies Partner to Advance Dependable RISC-V Solutions for Automotive

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