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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.
FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $14.9M, roughly 1.8× EVERSPIN TECHNOLOGIES INC.). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -28.1%, a 26.1% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs -8.2%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs -8.7%).
Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.
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.
FSP vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $14.9M |
| Net Profit | $-7.3M | $-296.0K |
| Gross Margin | 59.4% | 52.7% |
| Operating Margin | -27.9% | 29.0% |
| Net Margin | -28.1% | -2.0% |
| Revenue YoY | -8.2% | 13.2% |
| Net Profit YoY | 14.1% | — |
| EPS (diluted) | $-0.06 | $-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 | $26.0M | $14.8M | ||
| Q3 25 | $27.3M | $14.1M | ||
| Q2 25 | $26.7M | $13.2M | ||
| Q1 25 | $27.1M | $13.1M | ||
| Q4 24 | $28.4M | $13.2M | ||
| Q3 24 | $29.7M | $12.1M | ||
| Q2 24 | $30.8M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $-7.3M | $1.2M | ||
| Q3 25 | $-8.3M | $54.0K | ||
| Q2 25 | $-7.9M | $-670.0K | ||
| Q1 25 | $-21.4M | $-1.2M | ||
| Q4 24 | $-8.5M | $1.2M | ||
| Q3 24 | $-15.6M | $2.3M | ||
| Q2 24 | $-21.0M | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 59.4% | 50.8% | ||
| Q3 25 | 60.9% | 51.3% | ||
| Q2 25 | 59.9% | 51.3% | ||
| Q1 25 | 62.8% | 51.4% | ||
| Q4 24 | 59.7% | 51.3% | ||
| Q3 24 | 61.0% | 49.2% | ||
| Q2 24 | 64.2% | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | -27.9% | -7.2% | ||
| Q3 25 | -30.5% | -11.0% | ||
| Q2 25 | -29.2% | -14.9% | ||
| Q1 25 | -78.9% | -14.7% | ||
| Q4 24 | -29.9% | -11.8% | ||
| Q3 24 | -52.4% | -17.5% | ||
| Q2 24 | -68.0% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | -28.1% | 8.1% | ||
| Q3 25 | -30.5% | 0.4% | ||
| Q2 25 | -29.5% | -5.1% | ||
| Q1 25 | -79.1% | -8.9% | ||
| Q4 24 | -30.0% | 9.2% | ||
| Q3 24 | -52.6% | 18.8% | ||
| Q2 24 | -68.2% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $-0.06 | $0.05 | ||
| Q3 25 | $-0.08 | $0.00 | ||
| Q2 25 | $-0.08 | $-0.03 | ||
| Q1 25 | $-0.21 | $-0.05 | ||
| Q4 24 | $-0.09 | $0.07 | ||
| Q3 24 | $-0.15 | $0.10 | ||
| Q2 24 | $-0.20 | $-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 | $30.6M | $40.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $607.0M | $70.2M |
| Total Assets | $892.9M | $83.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | $30.6M | $44.5M | ||
| Q3 25 | $31.4M | $45.3M | ||
| Q2 25 | $29.4M | $45.0M | ||
| Q1 25 | $30.2M | $42.2M | ||
| Q4 24 | $41.1M | $42.1M | ||
| Q3 24 | $40.9M | $39.6M | ||
| Q2 24 | $30.2M | $36.8M |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $607.0M | $68.9M | ||
| Q3 25 | $615.3M | $65.8M | ||
| Q2 25 | $624.7M | $64.1M | ||
| Q1 25 | $633.4M | $63.0M | ||
| Q4 24 | $655.9M | $62.6M | ||
| Q3 24 | $665.4M | $59.3M | ||
| Q2 24 | $682.1M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $892.9M | $84.6M | ||
| Q3 25 | $901.0M | $80.3M | ||
| Q2 25 | $903.2M | $78.9M | ||
| Q1 25 | $916.4M | $80.2M | ||
| Q4 24 | $946.9M | $77.8M | ||
| Q3 24 | $981.5M | $72.6M | ||
| Q2 24 | $1.0B | $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 | $3.8M | $570.0K |
| Free Cash FlowOCF − Capex | $-12.7M | — |
| FCF MarginFCF / Revenue | -48.6% | — |
| Capex IntensityCapex / Revenue | 63.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-25.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $3.8M | $2.6M | ||
| Q3 25 | $8.3M | $881.0K | ||
| Q2 25 | $-2.9M | $5.0M | ||
| Q1 25 | $-5.5M | $1.4M | ||
| Q4 24 | $9.0M | $3.8M | ||
| Q3 24 | $14.5M | $2.8M | ||
| Q2 24 | $-648.0K | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-12.7M | $-975.0K | ||
| Q3 25 | $3.0M | $543.0K | ||
| Q2 25 | $-5.7M | $3.0M | ||
| Q1 25 | $-9.9M | $527.0K | ||
| Q4 24 | $-16.2M | $2.1M | ||
| Q3 24 | $8.6M | $2.8M | ||
| Q2 24 | $-5.1M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | -48.6% | -6.6% | ||
| Q3 25 | 11.0% | 3.9% | ||
| Q2 25 | -21.5% | 22.9% | ||
| Q1 25 | -36.7% | 4.0% | ||
| Q4 24 | -57.2% | 15.8% | ||
| Q3 24 | 29.1% | 22.9% | ||
| Q2 24 | -16.7% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 63.0% | 24.3% | ||
| Q3 25 | 19.4% | 2.4% | ||
| Q2 25 | 10.7% | 15.1% | ||
| Q1 25 | 16.4% | 6.9% | ||
| Q4 24 | 88.9% | 13.2% | ||
| Q3 24 | 19.6% | 0.5% | ||
| Q2 24 | 14.6% | 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
FSP
Segment breakdown not available.
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
