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Side-by-side financial comparison of i-80 Gold Corp. (IAUX) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.
i-80 Gold Corp. is the larger business by last-quarter revenue ($21.3M vs $14.9M, roughly 1.4× EVERSPIN TECHNOLOGIES INC.). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -401.9%, a 399.9% gap on every dollar of revenue.
i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.
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.
IAUX vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $21.3M | $14.9M |
| Net Profit | $-85.6M | $-296.0K |
| Gross Margin | 22.0% | 52.7% |
| Operating Margin | -291.6% | 29.0% |
| Net Margin | -401.9% | -2.0% |
| Revenue YoY | — | 13.2% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.10 | $-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 | $21.3M | $14.8M | ||
| Q3 25 | $32.0M | $14.1M | ||
| Q2 25 | $27.8M | $13.2M | ||
| Q1 25 | $14.0M | $13.1M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | $11.5M | $12.1M | ||
| Q2 24 | $7.2M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $-85.6M | $1.2M | ||
| Q3 25 | $-41.9M | $54.0K | ||
| Q2 25 | $-30.2M | $-670.0K | ||
| Q1 25 | $-41.2M | $-1.2M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | $-43.1M | $2.3M | ||
| Q2 24 | $-41.0M | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 22.0% | 50.8% | ||
| Q3 25 | 9.7% | 51.3% | ||
| Q2 25 | 2.9% | 51.3% | ||
| Q1 25 | 20.7% | 51.4% | ||
| Q4 24 | — | 51.3% | ||
| Q3 24 | -42.7% | 49.2% | ||
| Q2 24 | -171.4% | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | -291.6% | -7.2% | ||
| Q3 25 | -86.7% | -11.0% | ||
| Q2 25 | -67.4% | -14.9% | ||
| Q1 25 | -112.3% | -14.7% | ||
| Q4 24 | — | -11.8% | ||
| Q3 24 | -210.0% | -17.5% | ||
| Q2 24 | -435.2% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | -401.9% | 8.1% | ||
| Q3 25 | -130.8% | 0.4% | ||
| Q2 25 | -108.5% | -5.1% | ||
| Q1 25 | -293.3% | -8.9% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | -374.5% | 18.8% | ||
| Q2 24 | -570.8% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $-0.10 | $0.05 | ||
| Q3 25 | $-0.05 | $0.00 | ||
| Q2 25 | $-0.05 | $-0.03 | ||
| Q1 25 | $-0.10 | $-0.05 | ||
| Q4 24 | — | $0.07 | ||
| Q3 24 | $-0.11 | $0.10 | ||
| Q2 24 | $-0.11 | $-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 | $63.2M | $40.5M |
| Total DebtLower is stronger | $174.7M | — |
| Stockholders' EquityBook value | $346.8M | $70.2M |
| Total Assets | $703.4M | $83.2M |
| Debt / EquityLower = less leverage | 0.50× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | $63.2M | $44.5M | ||
| Q3 25 | $102.9M | $45.3M | ||
| Q2 25 | $133.7M | $45.0M | ||
| Q1 25 | $13.5M | $42.2M | ||
| Q4 24 | — | $42.1M | ||
| Q3 24 | $21.8M | $39.6M | ||
| Q2 24 | $47.8M | $36.8M |
| Q1 26 | — | — | ||
| Q4 25 | $174.7M | — | ||
| Q3 25 | $175.9M | — | ||
| Q2 25 | $175.8M | — | ||
| Q1 25 | $197.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $346.8M | $68.9M | ||
| Q3 25 | $423.0M | $65.8M | ||
| Q2 25 | $463.5M | $64.1M | ||
| Q1 25 | $318.0M | $63.0M | ||
| Q4 24 | — | $62.6M | ||
| Q3 24 | $346.9M | $59.3M | ||
| Q2 24 | $377.2M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $703.4M | $84.6M | ||
| Q3 25 | $756.2M | $80.3M | ||
| Q2 25 | $782.9M | $78.9M | ||
| Q1 25 | $659.0M | $80.2M | ||
| Q4 24 | — | $77.8M | ||
| Q3 24 | — | $72.6M | ||
| Q2 24 | — | $64.6M |
| Q1 26 | — | — | ||
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-34.3M | $570.0K |
| Free Cash FlowOCF − Capex | $-39.2M | — |
| FCF MarginFCF / Revenue | -184.3% | — |
| Capex IntensityCapex / Revenue | 23.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $-34.3M | $2.6M | ||
| Q3 25 | $-15.2M | $881.0K | ||
| Q2 25 | $-11.3M | $5.0M | ||
| Q1 25 | $-22.7M | $1.4M | ||
| Q4 24 | — | $3.8M | ||
| Q3 24 | $-23.5M | $2.8M | ||
| Q2 24 | $-24.6M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-39.2M | $-975.0K | ||
| Q3 25 | $-18.5M | $543.0K | ||
| Q2 25 | $-12.4M | $3.0M | ||
| Q1 25 | $-23.1M | $527.0K | ||
| Q4 24 | — | $2.1M | ||
| Q3 24 | $-23.8M | $2.8M | ||
| Q2 24 | $-25.1M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | -184.3% | -6.6% | ||
| Q3 25 | -57.8% | 3.9% | ||
| Q2 25 | -44.7% | 22.9% | ||
| Q1 25 | -164.1% | 4.0% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | -206.7% | 22.9% | ||
| Q2 24 | -349.1% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 23.1% | 24.3% | ||
| Q3 25 | 10.2% | 2.4% | ||
| Q2 25 | 3.9% | 15.1% | ||
| Q1 25 | 2.5% | 6.9% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 2.5% | 0.5% | ||
| Q2 24 | 7.3% | 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
IAUX
| Granite Creek Mining Company | $20.3M | 95% |
| Ruby Hill Mining Company LLC | $991.0K | 5% |
| Lone Tree Minning Company | $3.0K | 0% |
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
