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Side-by-side financial comparison of Affinity Bancshares, Inc. (AFBI) 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 $8.6M, roughly 1.7× Affinity Bancshares, Inc.). Affinity Bancshares, Inc. runs the higher net margin — 24.9% vs -2.0%, a 26.9% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs 12.8%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs 8.1%).
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.
AFBI vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.6M | $14.9M |
| Net Profit | $2.1M | $-296.0K |
| Gross Margin | — | 52.7% |
| Operating Margin | 35.9% | 29.0% |
| Net Margin | 24.9% | -2.0% |
| Revenue YoY | 12.8% | 13.2% |
| Net Profit YoY | 58.5% | — |
| EPS (diluted) | $0.34 | $-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 | $8.6M | $14.8M | ||
| Q3 25 | $8.4M | $14.1M | ||
| Q2 25 | $8.3M | $13.2M | ||
| Q1 25 | $7.8M | $13.1M | ||
| Q4 24 | $7.6M | $13.2M | ||
| Q3 24 | $8.0M | $12.1M | ||
| Q2 24 | $8.3M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $2.1M | $1.2M | ||
| Q3 25 | $2.2M | $54.0K | ||
| Q2 25 | $2.2M | $-670.0K | ||
| Q1 25 | $1.8M | $-1.2M | ||
| Q4 24 | $1.3M | $1.2M | ||
| Q3 24 | $1.7M | $2.3M | ||
| Q2 24 | $1.0M | $-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 | 35.9% | -7.2% | ||
| Q3 25 | 34.9% | -11.0% | ||
| Q2 25 | 34.1% | -14.9% | ||
| Q1 25 | 30.8% | -14.7% | ||
| Q4 24 | 21.1% | -11.8% | ||
| Q3 24 | 28.5% | -17.5% | ||
| Q2 24 | 16.2% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | 24.9% | 8.1% | ||
| Q3 25 | 26.5% | 0.4% | ||
| Q2 25 | 25.9% | -5.1% | ||
| Q1 25 | 23.4% | -8.9% | ||
| Q4 24 | 17.7% | 9.2% | ||
| Q3 24 | 21.7% | 18.8% | ||
| Q2 24 | 12.5% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $0.34 | $0.05 | ||
| Q3 25 | $0.34 | $0.00 | ||
| Q2 25 | $0.33 | $-0.03 | ||
| Q1 25 | $0.28 | $-0.05 | ||
| Q4 24 | $0.21 | $0.07 | ||
| Q3 24 | $0.26 | $0.10 | ||
| Q2 24 | $0.16 | $-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 | $53.9M | $40.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $127.0M | $70.2M |
| Total Assets | $881.7M | $83.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | $53.9M | $44.5M | ||
| Q3 25 | $84.8M | $45.3M | ||
| Q2 25 | $89.7M | $45.0M | ||
| Q1 25 | $74.7M | $42.2M | ||
| Q4 24 | $41.4M | $42.1M | ||
| Q3 24 | $52.3M | $39.6M | ||
| Q2 24 | $50.4M | $36.8M |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $127.0M | $68.9M | ||
| Q3 25 | $125.4M | $65.8M | ||
| Q2 25 | $124.1M | $64.1M | ||
| Q1 25 | $122.3M | $63.0M | ||
| Q4 24 | $129.1M | $62.6M | ||
| Q3 24 | $128.4M | $59.3M | ||
| Q2 24 | $125.1M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $881.7M | $84.6M | ||
| Q3 25 | $925.2M | $80.3M | ||
| Q2 25 | $933.8M | $78.9M | ||
| Q1 25 | $912.5M | $80.2M | ||
| Q4 24 | $866.8M | $77.8M | ||
| Q3 24 | $878.6M | $72.6M | ||
| Q2 24 | $873.6M | $64.6M |
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 | $11.6M | $570.0K |
| Free Cash FlowOCF − Capex | $11.2M | — |
| FCF MarginFCF / Revenue | 130.9% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $20.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $11.6M | $2.6M | ||
| Q3 25 | $3.7M | $881.0K | ||
| Q2 25 | $3.8M | $5.0M | ||
| Q1 25 | $1.9M | $1.4M | ||
| Q4 24 | $6.8M | $3.8M | ||
| Q3 24 | $4.1M | $2.8M | ||
| Q2 24 | $619.0K | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $11.2M | $-975.0K | ||
| Q3 25 | $3.6M | $543.0K | ||
| Q2 25 | $3.7M | $3.0M | ||
| Q1 25 | $1.8M | $527.0K | ||
| Q4 24 | $6.4M | $2.1M | ||
| Q3 24 | $4.0M | $2.8M | ||
| Q2 24 | $489.0K | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | 130.9% | -6.6% | ||
| Q3 25 | 43.3% | 3.9% | ||
| Q2 25 | 44.0% | 22.9% | ||
| Q1 25 | 22.7% | 4.0% | ||
| Q4 24 | 83.9% | 15.8% | ||
| Q3 24 | 49.5% | 22.9% | ||
| Q2 24 | 5.9% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 24.3% | ||
| Q3 25 | 0.8% | 2.4% | ||
| Q2 25 | 1.4% | 15.1% | ||
| Q1 25 | 1.9% | 6.9% | ||
| Q4 24 | 5.6% | 13.2% | ||
| Q3 24 | 1.7% | 0.5% | ||
| Q2 24 | 1.6% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 5.46× | 2.19× | ||
| Q3 25 | 1.66× | 16.31× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 5.05× | 3.16× | ||
| Q3 24 | 2.36× | 1.25× | ||
| Q2 24 | 0.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFBI
Segment breakdown not available.
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
