vs
Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.
EVERSPIN TECHNOLOGIES INC. is the larger business by last-quarter revenue ($14.9M vs $13.2M, roughly 1.1× Ares Commercial Real Estate Corp). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -29.2%, a 27.3% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs -24.5%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
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.
ACRE vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $14.9M |
| Net Profit | $-3.9M | $-296.0K |
| Gross Margin | — | 52.7% |
| Operating Margin | -29.2% | 29.0% |
| Net Margin | -29.2% | -2.0% |
| Revenue YoY | -24.5% | 13.2% |
| Net Profit YoY | 63.8% | — |
| EPS (diluted) | — | $-0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $14.9M | ||
| Q4 25 | $13.2M | $14.8M | ||
| Q3 25 | $14.1M | $14.1M | ||
| Q2 25 | $12.6M | $13.2M | ||
| Q1 25 | $14.9M | $13.1M | ||
| Q4 24 | $17.5M | $13.2M | ||
| Q3 24 | $16.7M | $12.1M | ||
| Q2 24 | $16.8M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $-3.9M | $1.2M | ||
| Q3 25 | $4.7M | $54.0K | ||
| Q2 25 | $-11.0M | $-670.0K | ||
| Q1 25 | $9.3M | $-1.2M | ||
| Q4 24 | $-10.7M | $1.2M | ||
| Q3 24 | $-5.9M | $2.3M | ||
| Q2 24 | $-6.1M | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 50.8% | ||
| Q3 25 | — | 51.3% | ||
| Q2 25 | — | 51.3% | ||
| Q1 25 | — | 51.4% | ||
| Q4 24 | — | 51.3% | ||
| Q3 24 | — | 49.2% | ||
| Q2 24 | — | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | -29.2% | -7.2% | ||
| Q3 25 | 33.0% | -11.0% | ||
| Q2 25 | -87.8% | -14.9% | ||
| Q1 25 | 64.4% | -14.7% | ||
| Q4 24 | -61.0% | -11.8% | ||
| Q3 24 | -35.3% | -17.5% | ||
| Q2 24 | -36.5% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | -29.2% | 8.1% | ||
| Q3 25 | 33.0% | 0.4% | ||
| Q2 25 | -87.8% | -5.1% | ||
| Q1 25 | 62.5% | -8.9% | ||
| Q4 24 | -60.9% | 9.2% | ||
| Q3 24 | -35.3% | 18.8% | ||
| Q2 24 | -36.5% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | — | $0.05 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $0.07 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | — | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | $40.5M |
| Total DebtLower is stronger | $948.2M | — |
| Stockholders' EquityBook value | $509.6M | $70.2M |
| Total Assets | $1.6B | $83.2M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | $29.3M | $44.5M | ||
| Q3 25 | $84.9M | $45.3M | ||
| Q2 25 | $90.0M | $45.0M | ||
| Q1 25 | $125.5M | $42.2M | ||
| Q4 24 | $63.8M | $42.1M | ||
| Q3 24 | $68.9M | $39.6M | ||
| Q2 24 | $70.6M | $36.8M |
| Q1 26 | — | — | ||
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $509.6M | $68.9M | ||
| Q3 25 | $521.0M | $65.8M | ||
| Q2 25 | $523.7M | $64.1M | ||
| Q1 25 | $542.1M | $63.0M | ||
| Q4 24 | $540.1M | $62.6M | ||
| Q3 24 | $563.8M | $59.3M | ||
| Q2 24 | $582.3M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $1.6B | $84.6M | ||
| Q3 25 | $1.4B | $80.3M | ||
| Q2 25 | $1.4B | $78.9M | ||
| Q1 25 | $1.5B | $80.2M | ||
| Q4 24 | $1.8B | $77.8M | ||
| Q3 24 | $1.9B | $72.6M | ||
| Q2 24 | $2.1B | $64.6M |
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $570.0K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $21.4M | $2.6M | ||
| Q3 25 | $3.8M | $881.0K | ||
| Q2 25 | $4.9M | $5.0M | ||
| Q1 25 | $8.0M | $1.4M | ||
| Q4 24 | $35.5M | $3.8M | ||
| Q3 24 | $8.4M | $2.8M | ||
| Q2 24 | $8.7M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-975.0K | ||
| Q3 25 | — | $543.0K | ||
| Q2 25 | — | $3.0M | ||
| Q1 25 | — | $527.0K | ||
| Q4 24 | — | $2.1M | ||
| Q3 24 | — | $2.8M | ||
| Q2 24 | — | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -6.6% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 6.9% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | 0.82× | 16.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | 3.16× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACRE
Segment breakdown not available.
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
