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Side-by-side financial comparison of EVERSPIN TECHNOLOGIES INC. (MRAM) and Maison Solutions Inc. (MSS). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $14.9M, roughly 1.9× EVERSPIN TECHNOLOGIES INC.). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -18.0%, a 16.0% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs 18.2%).

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.

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

MRAM vs MSS — Head-to-Head

Bigger by revenue
MSS
MSS
1.9× larger
MSS
$27.6M
$14.9M
MRAM
Growing faster (revenue YoY)
MRAM
MRAM
+24.1% gap
MRAM
13.2%
-10.9%
MSS
Higher net margin
MRAM
MRAM
16.0% more per $
MRAM
-2.0%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
18.2%
MRAM

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
MRAM
MRAM
MSS
MSS
Revenue
$14.9M
$27.6M
Net Profit
$-296.0K
$-5.0M
Gross Margin
52.7%
23.4%
Operating Margin
29.0%
-4.9%
Net Margin
-2.0%
-18.0%
Revenue YoY
13.2%
-10.9%
Net Profit YoY
-1840.5%
EPS (diluted)
$-0.01
$-0.23

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.

Revenue
MRAM
MRAM
MSS
MSS
Q1 26
$14.9M
Q4 25
$14.8M
$27.6M
Q3 25
$14.1M
$27.2M
Q2 25
$13.2M
$34.4M
Q1 25
$13.1M
$32.3M
Q4 24
$13.2M
$29.4M
Q3 24
$12.1M
$28.2M
Q2 24
$10.6M
$16.9M
Net Profit
MRAM
MRAM
MSS
MSS
Q1 26
$-296.0K
Q4 25
$1.2M
$-5.0M
Q3 25
$54.0K
$-1.5M
Q2 25
$-670.0K
$-287.4K
Q1 25
$-1.2M
$1.0M
Q4 24
$1.2M
$-256.0K
Q3 24
$2.3M
$700.9K
Q2 24
$-2.5M
$-2.8M
Gross Margin
MRAM
MRAM
MSS
MSS
Q1 26
52.7%
Q4 25
50.8%
23.4%
Q3 25
51.3%
24.1%
Q2 25
51.3%
9.5%
Q1 25
51.4%
21.8%
Q4 24
51.3%
26.9%
Q3 24
49.2%
28.9%
Q2 24
49.0%
13.0%
Operating Margin
MRAM
MRAM
MSS
MSS
Q1 26
29.0%
Q4 25
-7.2%
-4.9%
Q3 25
-11.0%
0.7%
Q2 25
-14.9%
-15.9%
Q1 25
-14.7%
3.7%
Q4 24
-11.8%
3.2%
Q3 24
-17.5%
7.3%
Q2 24
-26.5%
-14.4%
Net Margin
MRAM
MRAM
MSS
MSS
Q1 26
-2.0%
Q4 25
8.1%
-18.0%
Q3 25
0.4%
-5.7%
Q2 25
-5.1%
-0.8%
Q1 25
-8.9%
3.1%
Q4 24
9.2%
-0.9%
Q3 24
18.8%
2.5%
Q2 24
-23.5%
-16.4%
EPS (diluted)
MRAM
MRAM
MSS
MSS
Q1 26
$-0.01
Q4 25
$0.05
$-0.23
Q3 25
$0.00
$-0.08
Q2 25
$-0.03
$-0.02
Q1 25
$-0.05
$0.06
Q4 24
$0.07
$-0.01
Q3 24
$0.10
$0.04
Q2 24
$-0.12
$-0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MRAM
MRAM
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$40.5M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$70.2M
$11.6M
Total Assets
$83.2M
$75.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRAM
MRAM
MSS
MSS
Q1 26
$40.5M
Q4 25
$44.5M
Q3 25
$45.3M
$1.1M
Q2 25
$45.0M
$775.4K
Q1 25
$42.2M
$445.4K
Q4 24
$42.1M
$355.7K
Q3 24
$39.6M
$588.9K
Q2 24
$36.8M
$2.1M
Total Debt
MRAM
MRAM
MSS
MSS
Q1 26
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
Q4 24
Q3 24
$2.5M
Q2 24
$2.6M
Stockholders' Equity
MRAM
MRAM
MSS
MSS
Q1 26
$70.2M
Q4 25
$68.9M
$11.6M
Q3 25
$65.8M
$10.1M
Q2 25
$64.1M
$11.7M
Q1 25
$63.0M
$12.0M
Q4 24
$62.6M
$10.9M
Q3 24
$59.3M
$11.2M
Q2 24
$55.4M
$10.5M
Total Assets
MRAM
MRAM
MSS
MSS
Q1 26
$83.2M
Q4 25
$84.6M
$75.4M
Q3 25
$80.3M
$73.3M
Q2 25
$78.9M
$77.4M
Q1 25
$80.2M
$82.7M
Q4 24
$77.8M
$82.7M
Q3 24
$72.6M
$82.1M
Q2 24
$64.6M
$82.4M
Debt / Equity
MRAM
MRAM
MSS
MSS
Q1 26
Q4 25
0.22×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
0.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MRAM
MRAM
MSS
MSS
Operating Cash FlowLast quarter
$570.0K
$-1.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRAM
MRAM
MSS
MSS
Q1 26
$570.0K
Q4 25
$2.6M
$-1.7M
Q3 25
$881.0K
$1.1M
Q2 25
$5.0M
$-1.6M
Q1 25
$1.4M
$1.7M
Q4 24
$3.8M
$1.1M
Q3 24
$2.8M
$3.6M
Q2 24
$1.7M
$-2.6M
Free Cash Flow
MRAM
MRAM
MSS
MSS
Q1 26
Q4 25
$-975.0K
Q3 25
$543.0K
Q2 25
$3.0M
Q1 25
$527.0K
Q4 24
$2.1M
Q3 24
$2.8M
Q2 24
$1.7M
FCF Margin
MRAM
MRAM
MSS
MSS
Q1 26
Q4 25
-6.6%
Q3 25
3.9%
Q2 25
22.9%
Q1 25
4.0%
Q4 24
15.8%
Q3 24
22.9%
Q2 24
15.9%
Capex Intensity
MRAM
MRAM
MSS
MSS
Q1 26
Q4 25
24.3%
Q3 25
2.4%
Q2 25
15.1%
Q1 25
6.9%
Q4 24
13.2%
Q3 24
0.5%
Q2 24
0.3%
Cash Conversion
MRAM
MRAM
MSS
MSS
Q1 26
Q4 25
2.19×
Q3 25
16.31×
Q2 25
Q1 25
1.66×
Q4 24
3.16×
Q3 24
1.25×
5.12×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MRAM
MRAM

Product sales$14.1M95%
Licensing, royalty, patent, engineering services and other revenue$772.0K5%

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

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