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Side-by-side financial comparison of JOINT Corp (JYNT) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.
JOINT Corp is the larger business by last-quarter revenue ($15.2M vs $14.9M, roughly 1.0× EVERSPIN TECHNOLOGIES INC.). JOINT Corp runs the higher net margin — 6.5% vs -2.0%, a 8.5% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs 3.1%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs -28.6%).
The Joint Corp is a leading operator and franchisor of chiropractic care clinics primarily serving the U.S. market. It offers accessible, affordable routine chiropractic services, membership-based care plans, and caters to consumers seeking non-invasive musculoskeletal pain management and wellness support.
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.
JYNT vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.2M | $14.9M |
| Net Profit | $991.1K | $-296.0K |
| Gross Margin | 81.4% | 52.7% |
| Operating Margin | 4.9% | 29.0% |
| Net Margin | 6.5% | -2.0% |
| Revenue YoY | 3.1% | 13.2% |
| Net Profit YoY | 5510.5% | — |
| 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 | $15.2M | $14.8M | ||
| Q3 25 | $13.4M | $14.1M | ||
| Q2 25 | $13.3M | $13.2M | ||
| Q1 25 | $13.1M | $13.1M | ||
| Q4 24 | $14.7M | $13.2M | ||
| Q3 24 | $30.2M | $12.1M | ||
| Q2 24 | $30.3M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $991.1K | $1.2M | ||
| Q3 25 | $855.0K | $54.0K | ||
| Q2 25 | $93.4K | $-670.0K | ||
| Q1 25 | $967.8K | $-1.2M | ||
| Q4 24 | $17.7K | $1.2M | ||
| Q3 24 | $-3.2M | $2.3M | ||
| Q2 24 | $-3.6M | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 81.4% | 50.8% | ||
| Q3 25 | 80.1% | 51.3% | ||
| Q2 25 | 79.1% | 51.3% | ||
| Q1 25 | 77.3% | 51.4% | ||
| Q4 24 | 78.4% | 51.3% | ||
| Q3 24 | 90.7% | 49.2% | ||
| Q2 24 | 90.7% | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | 4.9% | -7.2% | ||
| Q3 25 | 1.2% | -11.0% | ||
| Q2 25 | -8.6% | -14.9% | ||
| Q1 25 | -5.2% | -14.7% | ||
| Q4 24 | 5.5% | -11.8% | ||
| Q3 24 | -1.6% | -17.5% | ||
| Q2 24 | -5.9% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | 6.5% | 8.1% | ||
| Q3 25 | 6.4% | 0.4% | ||
| Q2 25 | 0.7% | -5.1% | ||
| Q1 25 | 7.4% | -8.9% | ||
| Q4 24 | 0.1% | 9.2% | ||
| Q3 24 | -10.5% | 18.8% | ||
| Q2 24 | -11.9% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $0.06 | $0.05 | ||
| Q3 25 | $0.06 | $0.00 | ||
| Q2 25 | $0.01 | $-0.03 | ||
| Q1 25 | $0.06 | $-0.05 | ||
| Q4 24 | $0.01 | $0.07 | ||
| Q3 24 | $-0.21 | $0.10 | ||
| Q2 24 | $-0.24 | $-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 | $23.6M | $40.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.1M | $70.2M |
| Total Assets | $61.0M | $83.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | $23.6M | $44.5M | ||
| Q3 25 | $29.7M | $45.3M | ||
| Q2 25 | $29.8M | $45.0M | ||
| Q1 25 | $21.9M | $42.2M | ||
| Q4 24 | $25.1M | $42.1M | ||
| Q3 24 | $20.7M | $39.6M | ||
| Q2 24 | $17.5M | $36.8M |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $15.1M | $68.9M | ||
| Q3 25 | $22.7M | $65.8M | ||
| Q2 25 | $23.2M | $64.1M | ||
| Q1 25 | $22.8M | $63.0M | ||
| Q4 24 | $20.7M | $62.6M | ||
| Q3 24 | $20.5M | $59.3M | ||
| Q2 24 | $23.2M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $61.0M | $84.6M | ||
| Q3 25 | $69.4M | $80.3M | ||
| Q2 25 | $73.2M | $78.9M | ||
| Q1 25 | $80.1M | $80.2M | ||
| Q4 24 | $83.2M | $77.8M | ||
| Q3 24 | $79.6M | $72.6M | ||
| Q2 24 | $82.4M | $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 | $334.7K | — |
| FCF MarginFCF / Revenue | 2.2% | — |
| Capex IntensityCapex / Revenue | 9.9% | — |
| Cash ConversionOCF / Net Profit | 1.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $1.8M | $2.6M | ||
| Q3 25 | $1.8M | $881.0K | ||
| Q2 25 | $868.6K | $5.0M | ||
| Q1 25 | $-3.7M | $1.4M | ||
| Q4 24 | $9.4M | $3.8M | ||
| Q3 24 | $3.4M | $2.8M | ||
| Q2 24 | $-973.5K | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $334.7K | $-975.0K | ||
| Q3 25 | $1.5M | $543.0K | ||
| Q2 25 | $363.6K | $3.0M | ||
| Q1 25 | $-4.0M | $527.0K | ||
| Q4 24 | $8.2M | $2.1M | ||
| Q3 24 | $3.2M | $2.8M | ||
| Q2 24 | $-1.2M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | -6.6% | ||
| Q3 25 | 10.9% | 3.9% | ||
| Q2 25 | 2.7% | 22.9% | ||
| Q1 25 | -30.8% | 4.0% | ||
| Q4 24 | 55.9% | 15.8% | ||
| Q3 24 | 10.6% | 22.9% | ||
| Q2 24 | -4.1% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | 24.3% | ||
| Q3 25 | 2.4% | 2.4% | ||
| Q2 25 | 3.8% | 15.1% | ||
| Q1 25 | 2.5% | 6.9% | ||
| Q4 24 | 8.1% | 13.2% | ||
| Q3 24 | 0.8% | 0.5% | ||
| Q2 24 | 0.9% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | 2.19× | ||
| Q3 25 | 2.07× | 16.31× | ||
| Q2 25 | 9.30× | — | ||
| Q1 25 | -3.82× | — | ||
| Q4 24 | 532.98× | 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
JYNT
| Transferred At Point In Time | $12.8M | 84% |
| Transferred Over Time | $2.4M | 16% |
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
