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Side-by-side financial comparison of Arteris, Inc. (AIP) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.
Arteris, Inc. is the larger business by last-quarter revenue ($20.1M vs $14.9M, roughly 1.4× EVERSPIN TECHNOLOGIES INC.). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -42.2%, a 40.2% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 13.2%). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs 18.2%).
Arteris, Inc. is a multinational technology company headquartered in Campbell, California. It develops the network-on-chip (NoC) IP and system-on-chip (SoC) integration automation software that is used to create semiconductor chip and chiplet designs for a variety of devices, particularly in automotive electronics, artificial intelligence, machine learning, enterprise computing, communications, consumer, industrial, and aerospace & defense markets. The company specializes in the development a...
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.
AIP vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $14.9M |
| Net Profit | $-8.5M | $-296.0K |
| Gross Margin | 90.8% | 52.7% |
| Operating Margin | -42.0% | 29.0% |
| Net Margin | -42.2% | -2.0% |
| Revenue YoY | 30.0% | 13.2% |
| Net Profit YoY | -3.7% | — |
| EPS (diluted) | $-0.19 | $-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 | $20.1M | $14.8M | ||
| Q3 25 | $17.4M | $14.1M | ||
| Q2 25 | $16.5M | $13.2M | ||
| Q1 25 | $16.5M | $13.1M | ||
| Q4 24 | $15.5M | $13.2M | ||
| Q3 24 | $14.7M | $12.1M | ||
| Q2 24 | $14.6M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $-8.5M | $1.2M | ||
| Q3 25 | $-9.0M | $54.0K | ||
| Q2 25 | $-9.1M | $-670.0K | ||
| Q1 25 | $-8.1M | $-1.2M | ||
| Q4 24 | $-8.2M | $1.2M | ||
| Q3 24 | $-7.7M | $2.3M | ||
| Q2 24 | $-8.3M | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 90.8% | 50.8% | ||
| Q3 25 | 89.9% | 51.3% | ||
| Q2 25 | 89.4% | 51.3% | ||
| Q1 25 | 90.8% | 51.4% | ||
| Q4 24 | 89.8% | 51.3% | ||
| Q3 24 | 90.1% | 49.2% | ||
| Q2 24 | 90.0% | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | -42.0% | -7.2% | ||
| Q3 25 | -50.1% | -11.0% | ||
| Q2 25 | -50.0% | -14.9% | ||
| Q1 25 | -46.6% | -14.7% | ||
| Q4 24 | -45.9% | -11.8% | ||
| Q3 24 | -53.8% | -17.5% | ||
| Q2 24 | -51.1% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | -42.2% | 8.1% | ||
| Q3 25 | -51.6% | 0.4% | ||
| Q2 25 | -55.3% | -5.1% | ||
| Q1 25 | -49.1% | -8.9% | ||
| Q4 24 | -53.0% | 9.2% | ||
| Q3 24 | -52.2% | 18.8% | ||
| Q2 24 | -57.2% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $-0.19 | $0.05 | ||
| Q3 25 | $-0.21 | $0.00 | ||
| Q2 25 | $-0.22 | $-0.03 | ||
| Q1 25 | $-0.20 | $-0.05 | ||
| Q4 24 | $-0.19 | $0.07 | ||
| Q3 24 | $-0.20 | $0.10 | ||
| Q2 24 | $-0.22 | $-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 | $33.9M | $40.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-14.6M | $70.2M |
| Total Assets | $115.0M | $83.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | $33.9M | $44.5M | ||
| Q3 25 | $39.0M | $45.3M | ||
| Q2 25 | $38.0M | $45.0M | ||
| Q1 25 | $42.3M | $42.2M | ||
| Q4 24 | $43.8M | $42.1M | ||
| Q3 24 | $48.7M | $39.6M | ||
| Q2 24 | $45.8M | $36.8M |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $-14.6M | $68.9M | ||
| Q3 25 | $-11.4M | $65.8M | ||
| Q2 25 | $-7.5M | $64.1M | ||
| Q1 25 | $-4.8M | $63.0M | ||
| Q4 24 | $-1.2M | $62.6M | ||
| Q3 24 | $2.2M | $59.3M | ||
| Q2 24 | $5.3M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $115.0M | $84.6M | ||
| Q3 25 | $107.7M | $80.3M | ||
| Q2 25 | $106.9M | $78.9M | ||
| Q1 25 | $98.3M | $80.2M | ||
| Q4 24 | $106.1M | $77.8M | ||
| Q3 24 | $97.7M | $72.6M | ||
| Q2 24 | $96.4M | $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 | $3.2M | $570.0K |
| Free Cash FlowOCF − Capex | $3.0M | — |
| FCF MarginFCF / Revenue | 15.1% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $3.2M | $2.6M | ||
| Q3 25 | $3.2M | $881.0K | ||
| Q2 25 | $-2.5M | $5.0M | ||
| Q1 25 | $2.9M | $1.4M | ||
| Q4 24 | $-2.6M | $3.8M | ||
| Q3 24 | $1.1M | $2.8M | ||
| Q2 24 | $311.0K | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $3.0M | $-975.0K | ||
| Q3 25 | $2.5M | $543.0K | ||
| Q2 25 | $-2.8M | $3.0M | ||
| Q1 25 | $2.7M | $527.0K | ||
| Q4 24 | $-2.7M | $2.1M | ||
| Q3 24 | $1.1M | $2.8M | ||
| Q2 24 | $264.0K | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | 15.1% | -6.6% | ||
| Q3 25 | 14.2% | 3.9% | ||
| Q2 25 | -17.2% | 22.9% | ||
| Q1 25 | 16.2% | 4.0% | ||
| Q4 24 | -17.3% | 15.8% | ||
| Q3 24 | 7.4% | 22.9% | ||
| Q2 24 | 1.8% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 24.3% | ||
| Q3 25 | 4.1% | 2.4% | ||
| Q2 25 | 2.2% | 15.1% | ||
| Q1 25 | 1.1% | 6.9% | ||
| Q4 24 | 0.3% | 13.2% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 0.3% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | — | 16.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
