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Side-by-side financial comparison of FIRST US BANCSHARES, INC. (FUSB) 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 $10.4M, roughly 1.4× FIRST US BANCSHARES, INC.). FIRST US BANCSHARES, INC. runs the higher net margin — 20.4% vs -2.0%, a 22.4% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs 7.1%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs 2.6%).

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 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.

FUSB vs MRAM — Head-to-Head

Bigger by revenue
MRAM
MRAM
1.4× larger
MRAM
$14.9M
$10.4M
FUSB
Growing faster (revenue YoY)
MRAM
MRAM
+6.1% gap
MRAM
13.2%
7.1%
FUSB
Higher net margin
FUSB
FUSB
22.4% more per $
FUSB
20.4%
-2.0%
MRAM
Faster 2-yr revenue CAGR
MRAM
MRAM
Annualised
MRAM
18.2%
2.6%
FUSB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FUSB
FUSB
MRAM
MRAM
Revenue
$10.4M
$14.9M
Net Profit
$2.1M
$-296.0K
Gross Margin
52.7%
Operating Margin
28.1%
29.0%
Net Margin
20.4%
-2.0%
Revenue YoY
7.1%
13.2%
Net Profit YoY
24.2%
EPS (diluted)
$0.36
$-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
FUSB
FUSB
MRAM
MRAM
Q1 26
$14.9M
Q4 25
$10.4M
$14.8M
Q3 25
$10.5M
$14.1M
Q2 25
$10.3M
$13.2M
Q1 25
$9.8M
$13.1M
Q4 24
$9.7M
$13.2M
Q3 24
$10.1M
$12.1M
Q2 24
$10.0M
$10.6M
Net Profit
FUSB
FUSB
MRAM
MRAM
Q1 26
$-296.0K
Q4 25
$2.1M
$1.2M
Q3 25
$1.9M
$54.0K
Q2 25
$155.0K
$-670.0K
Q1 25
$1.8M
$-1.2M
Q4 24
$1.7M
$1.2M
Q3 24
$2.2M
$2.3M
Q2 24
$2.1M
$-2.5M
Gross Margin
FUSB
FUSB
MRAM
MRAM
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%
Operating Margin
FUSB
FUSB
MRAM
MRAM
Q1 26
29.0%
Q4 25
28.1%
-7.2%
Q3 25
23.9%
-11.0%
Q2 25
1.6%
-14.9%
Q1 25
23.8%
-14.7%
Q4 24
23.8%
-11.8%
Q3 24
29.2%
-17.5%
Q2 24
27.4%
-26.5%
Net Margin
FUSB
FUSB
MRAM
MRAM
Q1 26
-2.0%
Q4 25
20.4%
8.1%
Q3 25
18.4%
0.4%
Q2 25
1.5%
-5.1%
Q1 25
18.1%
-8.9%
Q4 24
17.6%
9.2%
Q3 24
22.0%
18.8%
Q2 24
21.2%
-23.5%
EPS (diluted)
FUSB
FUSB
MRAM
MRAM
Q1 26
$-0.01
Q4 25
$0.36
$0.05
Q3 25
$0.32
$0.00
Q2 25
$0.03
$-0.03
Q1 25
$0.29
$-0.05
Q4 24
$0.29
$0.07
Q3 24
$0.36
$0.10
Q2 24
$0.34
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FUSB
FUSB
MRAM
MRAM
Cash + ST InvestmentsLiquidity on hand
$73.5M
$40.5M
Total DebtLower is stronger
$10.9M
Stockholders' EquityBook value
$105.6M
$70.2M
Total Assets
$1.2B
$83.2M
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FUSB
FUSB
MRAM
MRAM
Q1 26
$40.5M
Q4 25
$73.5M
$44.5M
Q3 25
$54.7M
$45.3M
Q2 25
$54.0M
$45.0M
Q1 25
$56.0M
$42.2M
Q4 24
$47.2M
$42.1M
Q3 24
$82.3M
$39.6M
Q2 24
$58.2M
$36.8M
Total Debt
FUSB
FUSB
MRAM
MRAM
Q1 26
Q4 25
$10.9M
Q3 25
$10.9M
Q2 25
$10.9M
Q1 25
$10.9M
Q4 24
$10.9M
Q3 24
$10.9M
Q2 24
$10.8M
Stockholders' Equity
FUSB
FUSB
MRAM
MRAM
Q1 26
$70.2M
Q4 25
$105.6M
$68.9M
Q3 25
$104.2M
$65.8M
Q2 25
$101.9M
$64.1M
Q1 25
$101.2M
$63.0M
Q4 24
$98.6M
$62.6M
Q3 24
$98.5M
$59.3M
Q2 24
$93.8M
$55.4M
Total Assets
FUSB
FUSB
MRAM
MRAM
Q1 26
$83.2M
Q4 25
$1.2B
$84.6M
Q3 25
$1.1B
$80.3M
Q2 25
$1.1B
$78.9M
Q1 25
$1.1B
$80.2M
Q4 24
$1.1B
$77.8M
Q3 24
$1.1B
$72.6M
Q2 24
$1.1B
$64.6M
Debt / Equity
FUSB
FUSB
MRAM
MRAM
Q1 26
Q4 25
0.10×
Q3 25
0.10×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.11×
Q2 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
FUSB
FUSB
MRAM
MRAM
Operating Cash FlowLast quarter
$12.3M
$570.0K
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
87.2%
Capex IntensityCapex / Revenue
31.1%
Cash ConversionOCF / Net Profit
5.79×
TTM Free Cash FlowTrailing 4 quarters
$16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FUSB
FUSB
MRAM
MRAM
Q1 26
$570.0K
Q4 25
$12.3M
$2.6M
Q3 25
$4.2M
$881.0K
Q2 25
$3.9M
$5.0M
Q1 25
$1.8M
$1.4M
Q4 24
$7.8M
$3.8M
Q3 24
$1.9M
$2.8M
Q2 24
$2.5M
$1.7M
Free Cash Flow
FUSB
FUSB
MRAM
MRAM
Q1 26
Q4 25
$9.1M
$-975.0K
Q3 25
$3.6M
$543.0K
Q2 25
$1.6M
$3.0M
Q1 25
$1.7M
$527.0K
Q4 24
$5.7M
$2.1M
Q3 24
$1.3M
$2.8M
Q2 24
$2.3M
$1.7M
FCF Margin
FUSB
FUSB
MRAM
MRAM
Q1 26
Q4 25
87.2%
-6.6%
Q3 25
34.2%
3.9%
Q2 25
16.0%
22.9%
Q1 25
17.2%
4.0%
Q4 24
58.2%
15.8%
Q3 24
12.7%
22.9%
Q2 24
23.5%
15.9%
Capex Intensity
FUSB
FUSB
MRAM
MRAM
Q1 26
Q4 25
31.1%
24.3%
Q3 25
5.9%
2.4%
Q2 25
21.8%
15.1%
Q1 25
0.7%
6.9%
Q4 24
21.6%
13.2%
Q3 24
6.6%
0.5%
Q2 24
2.0%
0.3%
Cash Conversion
FUSB
FUSB
MRAM
MRAM
Q1 26
Q4 25
5.79×
2.19×
Q3 25
2.18×
16.31×
Q2 25
25.16×
Q1 25
0.99×
Q4 24
4.53×
3.16×
Q3 24
0.87×
1.25×
Q2 24
1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FUSB
FUSB

Segment breakdown not available.

MRAM
MRAM

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

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