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Side-by-side financial comparison of AYTU BIOPHARMA, INC (AYTU) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.

AYTU BIOPHARMA, INC is the larger business by last-quarter revenue ($15.2M vs $14.9M, roughly 1.0× EVERSPIN TECHNOLOGIES INC.). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -69.8%, a 67.8% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs -6.5%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs 4.0%).

Aytu BioPharma, Inc. is a US-based specialty pharmaceutical company that develops and commercializes a portfolio of consumer healthcare products and prescription therapeutics. Its key offerings cover cold and allergy treatments, sexual health solutions, and therapies for rare pediatric conditions, serving patients and healthcare providers 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.

AYTU vs MRAM — Head-to-Head

Bigger by revenue
AYTU
AYTU
1.0× larger
AYTU
$15.2M
$14.9M
MRAM
Growing faster (revenue YoY)
MRAM
MRAM
+19.7% gap
MRAM
13.2%
-6.5%
AYTU
Higher net margin
MRAM
MRAM
67.8% more per $
MRAM
-2.0%
-69.8%
AYTU
Faster 2-yr revenue CAGR
MRAM
MRAM
Annualised
MRAM
18.2%
4.0%
AYTU

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AYTU
AYTU
MRAM
MRAM
Revenue
$15.2M
$14.9M
Net Profit
$-10.6M
$-296.0K
Gross Margin
63.5%
52.7%
Operating Margin
-13.0%
29.0%
Net Margin
-69.8%
-2.0%
Revenue YoY
-6.5%
13.2%
Net Profit YoY
-1443.1%
EPS (diluted)
$-1.05
$-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.

Revenue
AYTU
AYTU
MRAM
MRAM
Q1 26
$14.9M
Q4 25
$15.2M
$14.8M
Q3 25
$13.9M
$14.1M
Q2 25
$15.1M
$13.2M
Q1 25
$18.5M
$13.1M
Q4 24
$16.2M
$13.2M
Q3 24
$16.6M
$12.1M
Q2 24
$14.6M
$10.6M
Net Profit
AYTU
AYTU
MRAM
MRAM
Q1 26
$-296.0K
Q4 25
$-10.6M
$1.2M
Q3 25
$2.0M
$54.0K
Q2 25
$-19.8M
$-670.0K
Q1 25
$4.0M
$-1.2M
Q4 24
$788.0K
$1.2M
Q3 24
$1.5M
$2.3M
Q2 24
$-4.6M
$-2.5M
Gross Margin
AYTU
AYTU
MRAM
MRAM
Q1 26
52.7%
Q4 25
63.5%
50.8%
Q3 25
66.1%
51.3%
Q2 25
67.8%
51.3%
Q1 25
69.4%
51.4%
Q4 24
66.5%
51.3%
Q3 24
72.3%
49.2%
Q2 24
75.7%
49.0%
Operating Margin
AYTU
AYTU
MRAM
MRAM
Q1 26
29.0%
Q4 25
-13.0%
-7.2%
Q3 25
-10.8%
-11.0%
Q2 25
-50.4%
-14.9%
Q1 25
13.1%
-14.7%
Q4 24
-10.4%
-11.8%
Q3 24
-5.6%
-17.5%
Q2 24
-15.6%
-26.5%
Net Margin
AYTU
AYTU
MRAM
MRAM
Q1 26
-2.0%
Q4 25
-69.8%
8.1%
Q3 25
14.1%
0.4%
Q2 25
-130.9%
-5.1%
Q1 25
21.6%
-8.9%
Q4 24
4.9%
9.2%
Q3 24
8.9%
18.8%
Q2 24
-31.6%
-23.5%
EPS (diluted)
AYTU
AYTU
MRAM
MRAM
Q1 26
$-0.01
Q4 25
$-1.05
$0.05
Q3 25
$-0.08
$0.00
Q2 25
$-0.03
Q1 25
$0.21
$-0.05
Q4 24
$-0.26
$0.07
Q3 24
$-0.15
$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
AYTU
AYTU
MRAM
MRAM
Cash + ST InvestmentsLiquidity on hand
$30.0M
$40.5M
Total DebtLower is stronger
$10.0M
Stockholders' EquityBook value
$14.2M
$70.2M
Total Assets
$122.0M
$83.2M
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AYTU
AYTU
MRAM
MRAM
Q1 26
$40.5M
Q4 25
$30.0M
$44.5M
Q3 25
$32.6M
$45.3M
Q2 25
$31.0M
$45.0M
Q1 25
$18.2M
$42.2M
Q4 24
$20.4M
$42.1M
Q3 24
$20.1M
$39.6M
Q2 24
$20.0M
$36.8M
Total Debt
AYTU
AYTU
MRAM
MRAM
Q1 26
Q4 25
$10.0M
Q3 25
$10.4M
Q2 25
$10.9M
Q1 25
$9.5M
Q4 24
$10.0M
Q3 24
$10.4M
Q2 24
$10.9M
Stockholders' Equity
AYTU
AYTU
MRAM
MRAM
Q1 26
$70.2M
Q4 25
$14.2M
$68.9M
Q3 25
$23.2M
$65.8M
Q2 25
$19.0M
$64.1M
Q1 25
$34.9M
$63.0M
Q4 24
$30.8M
$62.6M
Q3 24
$29.8M
$59.3M
Q2 24
$27.7M
$55.4M
Total Assets
AYTU
AYTU
MRAM
MRAM
Q1 26
$83.2M
Q4 25
$122.0M
$84.6M
Q3 25
$125.0M
$80.3M
Q2 25
$124.2M
$78.9M
Q1 25
$124.2M
$80.2M
Q4 24
$116.2M
$77.8M
Q3 24
$115.8M
$72.6M
Q2 24
$118.1M
$64.6M
Debt / Equity
AYTU
AYTU
MRAM
MRAM
Q1 26
Q4 25
0.70×
Q3 25
0.45×
Q2 25
0.57×
Q1 25
0.27×
Q4 24
0.32×
Q3 24
0.35×
Q2 24
0.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AYTU
AYTU
MRAM
MRAM
Operating Cash FlowLast quarter
$3.7M
$570.0K
Free Cash FlowOCF − Capex
$3.7M
FCF MarginFCF / Revenue
24.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AYTU
AYTU
MRAM
MRAM
Q1 26
$570.0K
Q4 25
$3.7M
$2.6M
Q3 25
$-618.0K
$881.0K
Q2 25
$2.8M
$5.0M
Q1 25
$-6.5M
$1.4M
Q4 24
$2.9M
$3.8M
Q3 24
$-1.2M
$2.8M
Q2 24
$-788.0K
$1.7M
Free Cash Flow
AYTU
AYTU
MRAM
MRAM
Q1 26
Q4 25
$3.7M
$-975.0K
Q3 25
$543.0K
Q2 25
$3.0M
Q1 25
$-6.5M
$527.0K
Q4 24
$2.9M
$2.1M
Q3 24
$-1.3M
$2.8M
Q2 24
$1.7M
FCF Margin
AYTU
AYTU
MRAM
MRAM
Q1 26
Q4 25
24.1%
-6.6%
Q3 25
3.9%
Q2 25
22.9%
Q1 25
-35.4%
4.0%
Q4 24
17.9%
15.8%
Q3 24
-8.0%
22.9%
Q2 24
15.9%
Capex Intensity
AYTU
AYTU
MRAM
MRAM
Q1 26
Q4 25
0.1%
24.3%
Q3 25
0.0%
2.4%
Q2 25
15.1%
Q1 25
0.4%
6.9%
Q4 24
0.0%
13.2%
Q3 24
0.8%
0.5%
Q2 24
0.3%
Cash Conversion
AYTU
AYTU
MRAM
MRAM
Q1 26
Q4 25
2.19×
Q3 25
-0.31×
16.31×
Q2 25
Q1 25
-1.62×
Q4 24
3.69×
3.16×
Q3 24
-0.81×
1.25×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AYTU
AYTU

Segment breakdown not available.

MRAM
MRAM

Product sales$14.1M95%
Licensing, royalty, patent, engineering services and other revenue$772.0K5%

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