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Side-by-side financial comparison of Hyperscale Data, Inc. (GPUS) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.
Hyperscale Data, Inc. is the larger business by last-quarter revenue ($26.9M vs $14.9M, roughly 1.8× EVERSPIN TECHNOLOGIES INC.). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -112.0%, a 110.0% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs 13.2%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs -16.3%).
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
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.
GPUS vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $26.9M | $14.9M |
| Net Profit | $-30.1M | $-296.0K |
| Gross Margin | 14.5% | 52.7% |
| Operating Margin | -117.8% | 29.0% |
| Net Margin | -112.0% | -2.0% |
| Revenue YoY | 38.4% | 13.2% |
| Net Profit YoY | -6670.3% | — |
| EPS (diluted) | — | $-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 | $26.9M | $14.8M | ||
| Q3 25 | $24.3M | $14.1M | ||
| Q2 25 | $25.9M | $13.2M | ||
| Q1 25 | $25.0M | $13.1M | ||
| Q4 24 | $19.4M | $13.2M | ||
| Q3 24 | $31.1M | $12.1M | ||
| Q2 24 | $17.8M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $-30.1M | $1.2M | ||
| Q3 25 | $-13.0M | $54.0K | ||
| Q2 25 | $-19.1M | $-670.0K | ||
| Q1 25 | $-4.2M | $-1.2M | ||
| Q4 24 | $-445.0K | $1.2M | ||
| Q3 24 | $-25.5M | $2.3M | ||
| Q2 24 | $-33.9M | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 14.5% | 50.8% | ||
| Q3 25 | 25.8% | 51.3% | ||
| Q2 25 | 23.7% | 51.3% | ||
| Q1 25 | 21.1% | 51.4% | ||
| Q4 24 | 6.5% | 51.3% | ||
| Q3 24 | 27.5% | 49.2% | ||
| Q2 24 | -21.3% | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | -117.8% | -7.2% | ||
| Q3 25 | -57.8% | -11.0% | ||
| Q2 25 | -39.2% | -14.9% | ||
| Q1 25 | -25.5% | -14.7% | ||
| Q4 24 | -46.8% | -11.8% | ||
| Q3 24 | -79.2% | -17.5% | ||
| Q2 24 | -151.4% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | -112.0% | 8.1% | ||
| Q3 25 | -53.5% | 0.4% | ||
| Q2 25 | -73.7% | -5.1% | ||
| Q1 25 | -16.8% | -8.9% | ||
| Q4 24 | -2.3% | 9.2% | ||
| Q3 24 | -82.3% | 18.8% | ||
| Q2 24 | -190.7% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | — | $0.05 | ||
| Q3 25 | $-0.39 | $0.00 | ||
| Q2 25 | $-2.66 | $-0.03 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | $-8.78 | $0.07 | ||
| Q3 24 | $-24.82 | $0.10 | ||
| Q2 24 | $-37.81 | $-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 | $13.1M | $40.5M |
| Total DebtLower is stronger | $83.1M | — |
| Stockholders' EquityBook value | $119.8M | $70.2M |
| Total Assets | $313.7M | $83.2M |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | $13.1M | $44.5M | ||
| Q3 25 | $24.8M | $45.3M | ||
| Q2 25 | $5.9M | $45.0M | ||
| Q1 25 | $4.2M | $42.2M | ||
| Q4 24 | $4.5M | $42.1M | ||
| Q3 24 | $7.9M | $39.6M | ||
| Q2 24 | $9.6M | $36.8M |
| Q1 26 | — | — | ||
| Q4 25 | $83.1M | — | ||
| Q3 25 | $80.0M | — | ||
| Q2 25 | $88.5M | — | ||
| Q1 25 | $92.8M | — | ||
| Q4 24 | $96.7M | — | ||
| Q3 24 | $104.8M | — | ||
| Q2 24 | $106.8M | — |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $119.8M | $68.9M | ||
| Q3 25 | $55.9M | $65.8M | ||
| Q2 25 | $5.5M | $64.1M | ||
| Q1 25 | $6.3M | $63.0M | ||
| Q4 24 | $8.6M | $62.6M | ||
| Q3 24 | $2.7M | $59.3M | ||
| Q2 24 | $26.7M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $313.7M | $84.6M | ||
| Q3 25 | $242.4M | $80.3M | ||
| Q2 25 | $213.5M | $78.9M | ||
| Q1 25 | $218.5M | $80.2M | ||
| Q4 24 | $220.8M | $77.8M | ||
| Q3 24 | $231.5M | $72.6M | ||
| Q2 24 | $270.8M | $64.6M |
| Q1 26 | — | — | ||
| Q4 25 | 0.69× | — | ||
| Q3 25 | 1.43× | — | ||
| Q2 25 | 16.06× | — | ||
| Q1 25 | 14.71× | — | ||
| Q4 24 | 11.19× | — | ||
| Q3 24 | 38.41× | — | ||
| Q2 24 | 4.00× | — |
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 | $-37.7M | $570.0K |
| Free Cash FlowOCF − Capex | $-56.2M | — |
| FCF MarginFCF / Revenue | -208.7% | — |
| Capex IntensityCapex / Revenue | 68.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-87.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $-37.7M | $2.6M | ||
| Q3 25 | $-17.8M | $881.0K | ||
| Q2 25 | $-3.1M | $5.0M | ||
| Q1 25 | $-4.0M | $1.4M | ||
| Q4 24 | $-9.2M | $3.8M | ||
| Q3 24 | $3.7M | $2.8M | ||
| Q2 24 | $-3.7M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-56.2M | $-975.0K | ||
| Q3 25 | $-20.6M | $543.0K | ||
| Q2 25 | $-3.5M | $3.0M | ||
| Q1 25 | $-6.8M | $527.0K | ||
| Q4 24 | $-9.3M | $2.1M | ||
| Q3 24 | $2.6M | $2.8M | ||
| Q2 24 | $-5.9M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | -208.7% | -6.6% | ||
| Q3 25 | -84.5% | 3.9% | ||
| Q2 25 | -13.5% | 22.9% | ||
| Q1 25 | -27.3% | 4.0% | ||
| Q4 24 | -47.6% | 15.8% | ||
| Q3 24 | 8.4% | 22.9% | ||
| Q2 24 | -33.4% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 68.6% | 24.3% | ||
| Q3 25 | 11.5% | 2.4% | ||
| Q2 25 | 1.5% | 15.1% | ||
| Q1 25 | 11.5% | 6.9% | ||
| Q4 24 | 0.3% | 13.2% | ||
| Q3 24 | 3.6% | 0.5% | ||
| Q2 24 | 12.6% | 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
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
