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Side-by-side financial comparison of GAIA, INC (GAIA) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.
GAIA, INC is the larger business by last-quarter revenue ($25.5M vs $14.9M, roughly 1.7× EVERSPIN TECHNOLOGIES INC.). GAIA, INC runs the higher net margin — -0.3% vs -2.0%, a 1.7% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs 5.8%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs 9.4%).
Gaia, Inc. is a publicly traded (NASDAQ:GAIA) American media company founded in 1988 by Jirka Rysavy in Louisville, Colorado. It owns and operates Gaia TV, a subscription video on-demand service consisting of original and licensed alternative media documentaries, including those on wellness, spirituality and conspiracy theories.
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.
GAIA vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $14.9M |
| Net Profit | $-75.0K | $-296.0K |
| Gross Margin | 87.6% | 52.7% |
| Operating Margin | -2.6% | 29.0% |
| Net Margin | -0.3% | -2.0% |
| Revenue YoY | 5.8% | 13.2% |
| Net Profit YoY | 91.7% | — |
| EPS (diluted) | $-0.02 | $-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 | $25.5M | $14.8M | ||
| Q3 25 | $25.0M | $14.1M | ||
| Q2 25 | $24.6M | $13.2M | ||
| Q1 25 | $23.8M | $13.1M | ||
| Q4 24 | $24.1M | $13.2M | ||
| Q3 24 | $22.0M | $12.1M | ||
| Q2 24 | $21.9M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $-75.0K | $1.2M | ||
| Q3 25 | $-1.2M | $54.0K | ||
| Q2 25 | $-2.0M | $-670.0K | ||
| Q1 25 | $-1.2M | $-1.2M | ||
| Q4 24 | $-907.0K | $1.2M | ||
| Q3 24 | $-1.2M | $2.3M | ||
| Q2 24 | $-2.2M | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 87.6% | 50.8% | ||
| Q3 25 | 86.4% | 51.3% | ||
| Q2 25 | 86.7% | 51.3% | ||
| Q1 25 | 87.7% | 51.4% | ||
| Q4 24 | 88.2% | 51.3% | ||
| Q3 24 | 86.1% | 49.2% | ||
| Q2 24 | 84.5% | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | -2.6% | -7.2% | ||
| Q3 25 | -5.0% | -11.0% | ||
| Q2 25 | -8.9% | -14.9% | ||
| Q1 25 | -4.3% | -14.7% | ||
| Q4 24 | -7.1% | -11.8% | ||
| Q3 24 | -5.3% | -17.5% | ||
| Q2 24 | -9.1% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | -0.3% | 8.1% | ||
| Q3 25 | -4.6% | 0.4% | ||
| Q2 25 | -8.3% | -5.1% | ||
| Q1 25 | -5.1% | -8.9% | ||
| Q4 24 | -3.8% | 9.2% | ||
| Q3 24 | -5.4% | 18.8% | ||
| Q2 24 | -9.9% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $-0.02 | $0.05 | ||
| Q3 25 | $-0.05 | $0.00 | ||
| Q2 25 | $-0.07 | $-0.03 | ||
| Q1 25 | $-0.04 | $-0.05 | ||
| Q4 24 | $-0.03 | $0.07 | ||
| Q3 24 | $-0.05 | $0.10 | ||
| Q2 24 | $-0.09 | $-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 | $13.5M | $40.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $87.9M | $70.2M |
| Total Assets | $154.6M | $83.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | $13.5M | $44.5M | ||
| Q3 25 | $14.2M | $45.3M | ||
| Q2 25 | $13.9M | $45.0M | ||
| Q1 25 | $13.1M | $42.2M | ||
| Q4 24 | $5.9M | $42.1M | ||
| Q3 24 | $4.4M | $39.6M | ||
| Q2 24 | $5.5M | $36.8M |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $87.9M | $68.9M | ||
| Q3 25 | $86.3M | $65.8M | ||
| Q2 25 | $85.7M | $64.1M | ||
| Q1 25 | $87.0M | $63.0M | ||
| Q4 24 | $80.7M | $62.6M | ||
| Q3 24 | $81.2M | $59.3M | ||
| Q2 24 | $82.1M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $154.6M | $84.6M | ||
| Q3 25 | $151.1M | $80.3M | ||
| Q2 25 | $147.0M | $78.9M | ||
| Q1 25 | $148.5M | $80.2M | ||
| Q4 24 | $141.2M | $77.8M | ||
| Q3 24 | $139.6M | $72.6M | ||
| Q2 24 | $142.1M | $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 | $1.8M | $570.0K |
| Free Cash FlowOCF − Capex | $76.0K | — |
| FCF MarginFCF / Revenue | 0.3% | — |
| Capex IntensityCapex / Revenue | 6.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-377.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $1.8M | $2.6M | ||
| Q3 25 | $326.0K | $881.0K | ||
| Q2 25 | $2.3M | $5.0M | ||
| Q1 25 | $1.3M | $1.4M | ||
| Q4 24 | $2.7M | $3.8M | ||
| Q3 24 | $409.0K | $2.8M | ||
| Q2 24 | $-2.1M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $76.0K | $-975.0K | ||
| Q3 25 | $-1.6M | $543.0K | ||
| Q2 25 | $880.0K | $3.0M | ||
| Q1 25 | $268.0K | $527.0K | ||
| Q4 24 | $1.6M | $2.1M | ||
| Q3 24 | $-952.0K | $2.8M | ||
| Q2 24 | $-3.5M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | -6.6% | ||
| Q3 25 | -6.4% | 3.9% | ||
| Q2 25 | 3.6% | 22.9% | ||
| Q1 25 | 1.1% | 4.0% | ||
| Q4 24 | 6.5% | 15.8% | ||
| Q3 24 | -4.3% | 22.9% | ||
| Q2 24 | -16.1% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 24.3% | ||
| Q3 25 | 7.7% | 2.4% | ||
| Q2 25 | 5.7% | 15.1% | ||
| Q1 25 | 4.3% | 6.9% | ||
| Q4 24 | 4.6% | 13.2% | ||
| Q3 24 | 6.2% | 0.5% | ||
| Q2 24 | 6.6% | 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
GAIA
| US | $16.7M | 65% |
| Non Us | $8.8M | 35% |
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
