MRAM (Everspin Technologies, Inc.) Stock Financials & Earnings | Market Cap Arena

MRAM (Everspin Technologies, Inc.) Stock Financials & Earnings | Market Cap Arena

MRAMEverspin Technologies, Inc.

Mkt Cap$215M

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Revenue (TTM)$55M

Net Income (TTM)-$586,000

EPS (TTM)-$0.03

Free Cash Flow (TTM)$3M

Gross Margin51.2%

Op. Margin-11.8%

Net Margin-1.1%

FCF Margin5.7%

P/S Ratio (TTM)3.9x

P/E Ratio (TTM)—

YoY Rev Growth+9.5%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$15M	$8M	$696K
Q2 23	$16M	$9M	$2M
Q3 23	$16M	$10M	$2M
Q4 23	$17M	$10M	$2M
Q1 24	$14M	$8M	-$600K
Q2 24	$11M	$5M	-$3M
Q3 24	$12M	$6M	-$2M
Q4 24	$13M	$7M	-$2M
Q1 25	$13M	$7M	-$2M
Q2 25	$13M	$7M	-$2M
Q3 25	$14M	$7M	-$2M
Q4 25	$15M	$8M	-$1M

Valuation

Quarter	P/S	P/E
Q1 23	3.5x	43.3x
Q2 23	3.5x	29.9x
Q3 23	3.4x	27.9x
Q4 23	3.4x	23.7x
Q1 24	3.4x	26.5x
Q2 24	3.7x	126.0x
Q3 24	4.0x	139.7x
Q4 24	4.3x	274.7x
Q1 25	4.4x	—
Q2 25	4.2x	125.5x
Q3 25	4.0x	—
Q4 25	3.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$1M	$193K
Q2 23	$6M	$6M
Q3 23	$4M	$4M
Q4 23	$2M	$2M
Q1 24	-$1M	-$2M
Q2 24	$2M	$2M
Q3 24	$3M	$3M
Q4 24	$2M	$52K
Q1 25	$1M	$527K
Q2 25	$5M	$3M
Q3 25	$881K	$543K
Q4 25	$3M	-$975K

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$1M
Q2 23	$52K
Q3 23	$17K
Q4 23	$324K
Q1 24	$1M
Q2 24	$34K
Q3 24	$63K
Q4 24	$2M
Q1 25	$913K
Q2 25	$2M
Q3 25	$338K
Q4 25	$4M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+3.5%	+14.8%
Q2 23	+7.1%	+8.9%
Q3 23	+8.0%	+8.7%
Q4 23	+6.5%	-0.1%
Q1 24	-2.8%	+6.2%
Q2 24	-32.5%	-4.7%
Q3 24	-26.6%	-1.9%
Q4 24	-20.7%	-2.1%
Q1 25	-9.0%	+0.3%
Q2 25	+24.1%	+12.7%
Q3 25	+16.3%	+9.8%
Q4 25	+11.8%	+7.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$1M	7.8%
Q2 23	$1M	8.0%
Q3 23	$1M	7.8%
Q4 23	$1M	7.8%
Q1 24	$2M	11.9%
Q2 24	$2M	17.5%
Q3 24	$2M	12.7%
Q4 24	$2M	12.1%
Q1 25	$2M	12.0%
Q2 25	$1M	10.7%
Q3 25	$1M	10.0%
Q4 25	$1M	9.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$3M	$3M	$1M
Q2 23	$3M	$4M	$1M
Q3 23	$3M	$4M	$1M
Q4 23	$3M	$4M	$1M
Q1 24	$3M	$4M	$1M
Q2 24	$3M	$3M	$1M
Q3 24	$3M	$3M	$1M
Q4 24	$3M	$3M	$1M
Q1 25	$3M	$4M	$1M
Q2 25	$4M	$4M	$2M
Q3 25	$4M	$4M	$1M
Q4 25	$4M	$3M	$2M

Revenue Segments

Quarter	Licensing	Other revenue	Product sales	Royalties	License	Product	Product and Service, Other	Royalty
Q1 23	$918K	$58K	$14M	$93K	—	—	—	—
Q2 23	$2M	$206K	$13M	$236K	—	—	—	—
Q3 23	$2M	$798K	$14M	$232K	—	—	—	—
Q4 23	$3M	$1M	$12M	$301K	—	—	—	—
Q1 24	$3M	$242K	$11M	$107K	—	—	—	—
Q2 24	—	—	—	—	$306K	$10M	$268K	$175K
Q3 24	—	—	—	—	$1M	$10M	$341K	$114K
Q1 25	—	—	—	—	$511K	$11M	$1M	$132K
Q2 25	—	—	—	—	$643K	$11M	$1M	$325K
Q3 25	—	—	—	—	$9K	$13M	$1M	$143K
Q4 25	—	—	—	—	—	$13M	$1M	$174K

Revenue by Geography

Quarter	Apac	Emea	North America	Asia Pacific
Q1 23	$8M	$4M	$3M	—
Q2 23	$8M	$3M	$5M	—
Q3 23	$9M	$3M	$5M	—
Q1 24	$7M	$3M	$5M	—
Q2 24	—	$1M	$3M	$6M
Q3 24	—	$2M	$2M	$8M
Q1 25	—	$3M	$2M	$7M
Q2 25	—	$2M	$3M	$9M
Q3 25	—	$3M	$2M	$9M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$24M	$0	$24M
Q2 23	$31M	$0	$31M
Q3 23	$35M	$0	$35M
Q4 23	$37M	$0	$37M
Q1 24	$35M	$0	$35M
Q2 24	$37M	$0	$37M
Q3 24	$40M	$0	$40M
Q4 24	$42M	$0	$42M
Q1 25	$42M	$0	$42M
Q2 25	$45M	$0	$45M
Q3 25	$45M	$0	$45M
Q4 25	$44M	$0	$44M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	21M	+2.2%
Q2 23	21M	+1.9%
Q3 23	22M	+2.8%
Q4 23	22M	-0.9%
Q1 24	21M	-1.8%
Q2 24	22M	+1.5%
Q3 24	22M	+1.9%
Q4 24	22M	+0.3%
Q1 25	22M	+0.6%
Q2 25	23M	+1.4%
Q3 25	23M	+2.9%
Q4 25	24M	+3.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	$301K	90
FY 17	$399K	90
FY 18	$520K	95
FY 19	$426K	88
FY 20	$553K	76
FY 21	$735K	75
FY 22	$811K	74
FY 23	$768K	83
FY 24	$579K	87
FY 25	$649K	85