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Side-by-side financial comparison of Local Bounti Corporation (LOCL) 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 $12.5M, roughly 1.2× Local Bounti Corporation). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -69.8%, a 67.8% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs 13.2%). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs 18.2%).
Local Bounti Corporation is a U.S.-based sustainable indoor agriculture firm growing fresh, pesticide-free leafy greens, herbs and produce via advanced hydroponic and vertical farming tech. It serves North American retail and food service partners, focusing on low environmental impact and stable year-round supply.
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.
LOCL vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $14.9M |
| Net Profit | $-8.7M | $-296.0K |
| Gross Margin | 12.2% | 52.7% |
| Operating Margin | -106.1% | 29.0% |
| Net Margin | -69.8% | -2.0% |
| Revenue YoY | 23.7% | 13.2% |
| Net Profit YoY | 76.0% | — |
| EPS (diluted) | $1.52 | $-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 | $12.5M | $14.8M | ||
| Q3 25 | $12.2M | $14.1M | ||
| Q2 25 | $12.1M | $13.2M | ||
| Q1 25 | $11.6M | $13.1M | ||
| Q4 24 | $10.1M | $13.2M | ||
| Q3 24 | $10.2M | $12.1M | ||
| Q2 24 | $9.4M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $-8.7M | $1.2M | ||
| Q3 25 | $-26.4M | $54.0K | ||
| Q2 25 | $-21.6M | $-670.0K | ||
| Q1 25 | $-37.7M | $-1.2M | ||
| Q4 24 | $-36.3M | $1.2M | ||
| Q3 24 | $-34.3M | $2.3M | ||
| Q2 24 | $-25.3M | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 12.2% | 50.8% | ||
| Q3 25 | 11.5% | 51.3% | ||
| Q2 25 | 12.2% | 51.3% | ||
| Q1 25 | 12.6% | 51.4% | ||
| Q4 24 | 5.4% | 51.3% | ||
| Q3 24 | 13.8% | 49.2% | ||
| Q2 24 | 14.3% | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | -106.1% | -7.2% | ||
| Q3 25 | -149.4% | -11.0% | ||
| Q2 25 | -127.7% | -14.9% | ||
| Q1 25 | -135.6% | -14.7% | ||
| Q4 24 | -166.6% | -11.8% | ||
| Q3 24 | -176.0% | -17.5% | ||
| Q2 24 | -146.8% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | -69.8% | 8.1% | ||
| Q3 25 | -216.6% | 0.4% | ||
| Q2 25 | -178.3% | -5.1% | ||
| Q1 25 | -324.6% | -8.9% | ||
| Q4 24 | -360.1% | 9.2% | ||
| Q3 24 | -335.2% | 18.8% | ||
| Q2 24 | -267.6% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $1.52 | $0.05 | ||
| Q3 25 | $-1.18 | $0.00 | ||
| Q2 25 | $-1.63 | $-0.03 | ||
| Q1 25 | $-4.32 | $-0.05 | ||
| Q4 24 | $-4.24 | $0.07 | ||
| Q3 24 | $-4.01 | $0.10 | ||
| Q2 24 | $-3.00 | $-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 | $4.2M | $40.5M |
| Total DebtLower is stronger | $483.1M | — |
| Stockholders' EquityBook value | $-166.2M | $70.2M |
| Total Assets | $410.5M | $83.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | $4.2M | $44.5M | ||
| Q3 25 | $6.2M | $45.3M | ||
| Q2 25 | $5.3M | $45.0M | ||
| Q1 25 | $18.0M | $42.2M | ||
| Q4 24 | $937.0K | $42.1M | ||
| Q3 24 | $317.0K | $39.6M | ||
| Q2 24 | $9.7M | $36.8M |
| Q1 26 | — | — | ||
| Q4 25 | $483.1M | — | ||
| Q3 25 | $484.9M | — | ||
| Q2 25 | $478.3M | — | ||
| Q1 25 | $480.0M | — | ||
| Q4 24 | $436.8M | — | ||
| Q3 24 | $398.4M | — | ||
| Q2 24 | $374.0M | — |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $-166.2M | $68.9M | ||
| Q3 25 | $-158.1M | $65.8M | ||
| Q2 25 | $-132.7M | $64.1M | ||
| Q1 25 | $-134.5M | $63.0M | ||
| Q4 24 | $-100.5M | $62.6M | ||
| Q3 24 | $-65.6M | $59.3M | ||
| Q2 24 | $-32.8M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $410.5M | $84.6M | ||
| Q3 25 | $417.8M | $80.3M | ||
| Q2 25 | $426.8M | $78.9M | ||
| Q1 25 | $447.2M | $80.2M | ||
| Q4 24 | $428.0M | $77.8M | ||
| Q3 24 | $430.8M | $72.6M | ||
| Q2 24 | $438.1M | $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 | $-3.1M | $570.0K |
| Free Cash FlowOCF − Capex | $-3.6M | — |
| FCF MarginFCF / Revenue | -29.1% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $-3.1M | $2.6M | ||
| Q3 25 | $-8.9M | $881.0K | ||
| Q2 25 | $-8.7M | $5.0M | ||
| Q1 25 | $-9.6M | $1.4M | ||
| Q4 24 | $1.2M | $3.8M | ||
| Q3 24 | $-17.2M | $2.8M | ||
| Q2 24 | $-4.0M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-3.6M | $-975.0K | ||
| Q3 25 | $-10.1M | $543.0K | ||
| Q2 25 | $-14.6M | $3.0M | ||
| Q1 25 | $-14.5M | $527.0K | ||
| Q4 24 | $-8.6M | $2.1M | ||
| Q3 24 | $-30.0M | $2.8M | ||
| Q2 24 | $-28.8M | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | -29.1% | -6.6% | ||
| Q3 25 | -82.8% | 3.9% | ||
| Q2 25 | -121.0% | 22.9% | ||
| Q1 25 | -125.1% | 4.0% | ||
| Q4 24 | -85.3% | 15.8% | ||
| Q3 24 | -293.1% | 22.9% | ||
| Q2 24 | -305.4% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 24.3% | ||
| Q3 25 | 9.7% | 2.4% | ||
| Q2 25 | 48.9% | 15.1% | ||
| Q1 25 | 42.8% | 6.9% | ||
| Q4 24 | 97.6% | 13.2% | ||
| Q3 24 | 125.0% | 0.5% | ||
| Q2 24 | 263.0% | 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
LOCL
Segment breakdown not available.
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
