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Side-by-side financial comparison of BK Technologies Corp (BKTI) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.
BK Technologies Corp is the larger business by last-quarter revenue ($21.5M vs $14.9M, roughly 1.4× EVERSPIN TECHNOLOGIES INC.). BK Technologies Corp runs the higher net margin — 19.7% vs -2.0%, a 21.6% gap on every dollar of revenue. On growth, BK Technologies Corp posted the faster year-over-year revenue change (20.0% vs 13.2%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs -21.6%).
BK Technologies Corp designs, manufactures and sells analog and digital two-way radio communications equipment and related accessories. It serves public safety departments, first responders, government agencies and commercial clients primarily across North America, focusing on reliable, mission-critical communication solutions.
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.
BKTI vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $21.5M | $14.9M |
| Net Profit | $4.2M | $-296.0K |
| Gross Margin | 50.5% | 52.7% |
| Operating Margin | 19.7% | 29.0% |
| Net Margin | 19.7% | -2.0% |
| Revenue YoY | 20.0% | 13.2% |
| Net Profit YoY | 15.6% | — |
| EPS (diluted) | $1.06 | $-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 | $21.5M | $14.8M | ||
| Q3 25 | $24.4M | $14.1M | ||
| Q2 25 | $21.2M | $13.2M | ||
| Q1 25 | $19.1M | $13.1M | ||
| Q4 24 | $17.9M | $13.2M | ||
| Q3 24 | $20.2M | $12.1M | ||
| Q2 24 | $20.3M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $4.2M | $1.2M | ||
| Q3 25 | $3.4M | $54.0K | ||
| Q2 25 | $3.7M | $-670.0K | ||
| Q1 25 | $2.1M | $-1.2M | ||
| Q4 24 | $3.7M | $1.2M | ||
| Q3 24 | $2.4M | $2.3M | ||
| Q2 24 | $1.7M | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 50.5% | 50.8% | ||
| Q3 25 | 49.9% | 51.3% | ||
| Q2 25 | 47.4% | 51.3% | ||
| Q1 25 | 47.0% | 51.4% | ||
| Q4 24 | 41.2% | 51.3% | ||
| Q3 24 | 38.8% | 49.2% | ||
| Q2 24 | 37.3% | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | 19.7% | -7.2% | ||
| Q3 25 | 19.8% | -11.0% | ||
| Q2 25 | 18.9% | -14.9% | ||
| Q1 25 | 15.3% | -14.7% | ||
| Q4 24 | 12.3% | -11.8% | ||
| Q3 24 | 12.9% | -17.5% | ||
| Q2 24 | 10.0% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | 19.7% | 8.1% | ||
| Q3 25 | 14.1% | 0.4% | ||
| Q2 25 | 17.7% | -5.1% | ||
| Q1 25 | 11.2% | -8.9% | ||
| Q4 24 | 20.4% | 9.2% | ||
| Q3 24 | 11.7% | 18.8% | ||
| Q2 24 | 8.2% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $1.06 | $0.05 | ||
| Q3 25 | $0.87 | $0.00 | ||
| Q2 25 | $0.96 | $-0.03 | ||
| Q1 25 | $0.55 | $-0.05 | ||
| Q4 24 | $0.96 | $0.07 | ||
| Q3 24 | $0.63 | $0.10 | ||
| Q2 24 | $0.47 | $-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 | $22.8M | $40.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $44.7M | $70.2M |
| Total Assets | $63.8M | $83.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | $22.8M | $44.5M | ||
| Q3 25 | $21.5M | $45.3M | ||
| Q2 25 | $11.9M | $45.0M | ||
| Q1 25 | $8.9M | $42.2M | ||
| Q4 24 | $7.1M | $42.1M | ||
| Q3 24 | $4.2M | $39.6M | ||
| Q2 24 | $3.0M | $36.8M |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $44.7M | $68.9M | ||
| Q3 25 | $41.0M | $65.8M | ||
| Q2 25 | $36.8M | $64.1M | ||
| Q1 25 | $32.4M | $63.0M | ||
| Q4 24 | $29.8M | $62.6M | ||
| Q3 24 | $26.0M | $59.3M | ||
| Q2 24 | $23.4M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $63.8M | $84.6M | ||
| Q3 25 | $66.9M | $80.3M | ||
| Q2 25 | $60.4M | $78.9M | ||
| Q1 25 | $56.1M | $80.2M | ||
| Q4 24 | $51.5M | $77.8M | ||
| Q3 24 | $46.4M | $72.6M | ||
| Q2 24 | $48.9M | $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 | $3.0M | $570.0K |
| Free Cash FlowOCF − Capex | $2.8M | — |
| FCF MarginFCF / Revenue | 13.2% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | 0.71× | — |
| TTM Free Cash FlowTrailing 4 quarters | $18.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $3.0M | $2.6M | ||
| Q3 25 | $10.4M | $881.0K | ||
| Q2 25 | $3.9M | $5.0M | ||
| Q1 25 | $2.1M | $1.4M | ||
| Q4 24 | $3.8M | $3.8M | ||
| Q3 24 | $5.7M | $2.8M | ||
| Q2 24 | $4.1M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.8M | $-975.0K | ||
| Q3 25 | $10.1M | $543.0K | ||
| Q2 25 | $3.7M | $3.0M | ||
| Q1 25 | $1.8M | $527.0K | ||
| Q4 24 | $3.4M | $2.1M | ||
| Q3 24 | $5.2M | $2.8M | ||
| Q2 24 | $3.9M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | 13.2% | -6.6% | ||
| Q3 25 | 41.3% | 3.9% | ||
| Q2 25 | 17.3% | 22.9% | ||
| Q1 25 | 9.6% | 4.0% | ||
| Q4 24 | 19.2% | 15.8% | ||
| Q3 24 | 25.8% | 22.9% | ||
| Q2 24 | 19.2% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 24.3% | ||
| Q3 25 | 1.5% | 2.4% | ||
| Q2 25 | 1.2% | 15.1% | ||
| Q1 25 | 1.4% | 6.9% | ||
| Q4 24 | 2.0% | 13.2% | ||
| Q3 24 | 2.2% | 0.5% | ||
| Q2 24 | 1.0% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.71× | 2.19× | ||
| Q3 25 | 3.04× | 16.31× | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.04× | 3.16× | ||
| Q3 24 | 2.40× | 1.25× | ||
| Q2 24 | 2.46× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKTI
Segment breakdown not available.
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
