EVERSPIN TECHNOLOGIES INC.MRAMEarnings & Financial Report
Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performs backend foundry services for eMRAM.
Revenue
$14.1M
Gross Profit
$7.2M
Operating Profit
$-1.5M
Net Profit
$54.0K
Gross Margin
51.3%
Operating Margin
-11.0%
Net Margin
0.4%
YoY Growth
16.3%
EPS
$0.00
EVERSPIN TECHNOLOGIES INC. Q3 FY2025 Financial Summary
EVERSPIN TECHNOLOGIES INC. reported revenue of $14.1M (up 16.3% YoY) for Q3 FY2025, with a net profit of $54.0K (down 97.6% YoY) (0.4% margin). Cost of goods sold was $6.9M, operating expenses totaled $8.8M.
Key Financial Metrics
| Total Revenue | $14.1M |
|---|---|
| Net Profit | $54.0K |
| Gross Margin | 51.3% |
| Operating Margin | -11.0% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
EVERSPIN TECHNOLOGIES INC. Q3 FY2025 revenue of $14.1M breaks down across 2 segments, led by Sales Channel Through Intermediary at $12.1M (86.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Sales Channel Through Intermediary | $12.1M | 86.0% |
| Sales Channel Directly To Consumer | $2.0M | 14.0% |
EVERSPIN TECHNOLOGIES INC. Revenue by Segment — Quarterly Trend
EVERSPIN TECHNOLOGIES INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Sales Channel Through Intermediary and Sales Channel Directly To Consumer) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Sales Channel Through Intermediary | — | — | $12.1M | $8.7M |
| Sales Channel Directly To Consumer | — | — | $2.0M | $4.5M |
EVERSPIN TECHNOLOGIES INC. Annual Revenue by Year
EVERSPIN TECHNOLOGIES INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $55.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $55.2M |
| 2024 | $50.4M |
| 2023 | $63.8M |
| 2022 | $60.0M |
EVERSPIN TECHNOLOGIES INC. Quarterly Revenue & Net Profit History
EVERSPIN TECHNOLOGIES INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $14.9M | +13.2% | $-296.0K | -2.0% |
| Q4 FY2025 | $14.8M | +11.8% | $1.2M | 8.1% |
| Q3 FY2025 | $14.1M | +16.3% | $54.0K | 0.4% |
| Q2 FY2025 | $13.2M | +24.1% | $-670.0K | -5.1% |
| Q1 FY2025 | $13.1M | -9.0% | $-1.2M | -8.9% |
| Q4 FY2024 | $13.2M | -20.7% | $1.2M | 9.2% |
| Q3 FY2024 | $12.1M | -26.6% | $2.3M | 18.8% |
| Q2 FY2024 | $10.6M | -32.5% | $-2.5M | -23.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.6M | $12.1M | $13.2M | $13.1M | $13.2M | $14.1M | $14.8M | $14.9M |
| YoY Growth | -32.5% | -26.6% | -20.7% | -9.0% | 24.1% | 16.3% | 11.8% | 13.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $64.6M | $72.6M | $77.8M | $80.2M | $78.9M | $80.3M | $84.6M | $83.2M |
| Liabilities | $9.1M | $13.3M | $15.2M | $17.2M | $14.8M | $14.5M | $15.7M | $12.9M |
| Equity | $55.4M | $59.3M | $62.6M | $63.0M | $64.1M | $65.8M | $68.9M | $70.2M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.7M | $2.8M | $3.8M | $1.4M | $5.0M | $881000 | $2.6M | $570000 |