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Side-by-side financial comparison of EVERSPIN TECHNOLOGIES INC. (MRAM) and SYNTEC OPTICS HOLDINGS, INC. (OPTX). Click either name above to swap in a different company.
EVERSPIN TECHNOLOGIES INC. is the larger business by last-quarter revenue ($14.9M vs $7.5M, roughly 2.0× SYNTEC OPTICS HOLDINGS, INC.). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -4.6%, a 2.6% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs 2.5%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs 9.5%).
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.
MRAM vs OPTX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $14.9M | $7.5M |
| Net Profit | $-296.0K | $-343.8K |
| Gross Margin | 52.7% | 23.6% |
| Operating Margin | 29.0% | 4.2% |
| Net Margin | -2.0% | -4.6% |
| Revenue YoY | 13.2% | 2.5% |
| Net Profit YoY | — | 77.7% |
| EPS (diluted) | $-0.01 | $-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 | $14.8M | $7.5M | ||
| Q3 25 | $14.1M | $7.0M | ||
| Q2 25 | $13.2M | $6.6M | ||
| Q1 25 | $13.1M | $7.1M | ||
| Q4 24 | $13.2M | $7.3M | ||
| Q3 24 | $12.1M | $7.9M | ||
| Q2 24 | $10.6M | $7.0M |
| Q1 26 | $-296.0K | — | ||
| Q4 25 | $1.2M | $-343.8K | ||
| Q3 25 | $54.0K | $-1.4M | ||
| Q2 25 | $-670.0K | $-343.9K | ||
| Q1 25 | $-1.2M | $323.7K | ||
| Q4 24 | $1.2M | $-1.5M | ||
| Q3 24 | $2.3M | $-13.3K | ||
| Q2 24 | $-2.5M | $281.8K |
| Q1 26 | 52.7% | — | ||
| Q4 25 | 50.8% | 23.6% | ||
| Q3 25 | 51.3% | 12.3% | ||
| Q2 25 | 51.3% | 24.4% | ||
| Q1 25 | 51.4% | 32.7% | ||
| Q4 24 | 51.3% | 13.5% | ||
| Q3 24 | 49.2% | 23.3% | ||
| Q2 24 | 49.0% | 31.0% |
| Q1 26 | 29.0% | — | ||
| Q4 25 | -7.2% | 4.2% | ||
| Q3 25 | -11.0% | -17.5% | ||
| Q2 25 | -14.9% | -2.2% | ||
| Q1 25 | -14.7% | 7.5% | ||
| Q4 24 | -11.8% | -19.6% | ||
| Q3 24 | -17.5% | 1.4% | ||
| Q2 24 | -26.5% | 2.3% |
| Q1 26 | -2.0% | — | ||
| Q4 25 | 8.1% | -4.6% | ||
| Q3 25 | 0.4% | -20.6% | ||
| Q2 25 | -5.1% | -5.2% | ||
| Q1 25 | -8.9% | 4.6% | ||
| Q4 24 | 9.2% | -21.0% | ||
| Q3 24 | 18.8% | -0.2% | ||
| Q2 24 | -23.5% | 4.0% |
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $0.05 | $-0.01 | ||
| Q3 25 | $0.00 | $-0.04 | ||
| Q2 25 | $-0.03 | $-0.01 | ||
| Q1 25 | $-0.05 | $0.01 | ||
| Q4 24 | $0.07 | $-0.05 | ||
| Q3 24 | $0.10 | $0.00 | ||
| Q2 24 | $-0.12 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.5M | — |
| Total DebtLower is stronger | — | $2.6M |
| Stockholders' EquityBook value | $70.2M | $9.5M |
| Total Assets | $83.2M | $24.3M |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.5M | — | ||
| Q4 25 | $44.5M | — | ||
| Q3 25 | $45.3M | — | ||
| Q2 25 | $45.0M | — | ||
| Q1 25 | $42.2M | — | ||
| Q4 24 | $42.1M | — | ||
| Q3 24 | $39.6M | — | ||
| Q2 24 | $36.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.6M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $3.1M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.8M |
| Q1 26 | $70.2M | — | ||
| Q4 25 | $68.9M | $9.5M | ||
| Q3 25 | $65.8M | $9.8M | ||
| Q2 25 | $64.1M | $11.0M | ||
| Q1 25 | $63.0M | $11.4M | ||
| Q4 24 | $62.6M | $11.0M | ||
| Q3 24 | $59.3M | $12.1M | ||
| Q2 24 | $55.4M | $12.1M |
| Q1 26 | $83.2M | — | ||
| Q4 25 | $84.6M | $24.3M | ||
| Q3 25 | $80.3M | $24.6M | ||
| Q2 25 | $78.9M | $25.3M | ||
| Q1 25 | $80.2M | $26.3M | ||
| Q4 24 | $77.8M | $26.0M | ||
| Q3 24 | $72.6M | $27.3M | ||
| Q2 24 | $64.6M | $25.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.23× |
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 | $570.0K | $-3.9K |
| Free Cash FlowOCF − Capex | — | $-4.4K |
| FCF MarginFCF / Revenue | — | -0.1% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $28.3K |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $570.0K | — | ||
| Q4 25 | $2.6M | $-3.9K | ||
| Q3 25 | $881.0K | $535.3K | ||
| Q2 25 | $5.0M | $-158.0K | ||
| Q1 25 | $1.4M | $299.3K | ||
| Q4 24 | $3.8M | $623.8K | ||
| Q3 24 | $2.8M | $417.3K | ||
| Q2 24 | $1.7M | $-1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-975.0K | $-4.4K | ||
| Q3 25 | $543.0K | $496.3K | ||
| Q2 25 | $3.0M | $-548.1K | ||
| Q1 25 | $527.0K | $84.6K | ||
| Q4 24 | $2.1M | $12.1K | ||
| Q3 24 | $2.8M | $43.8K | ||
| Q2 24 | $1.7M | $-1.9M |
| Q1 26 | — | — | ||
| Q4 25 | -6.6% | -0.1% | ||
| Q3 25 | 3.9% | 7.1% | ||
| Q2 25 | 22.9% | -8.4% | ||
| Q1 25 | 4.0% | 1.2% | ||
| Q4 24 | 15.8% | 0.2% | ||
| Q3 24 | 22.9% | 0.6% | ||
| Q2 24 | 15.9% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 24.3% | 0.0% | ||
| Q3 25 | 2.4% | 0.6% | ||
| Q2 25 | 15.1% | 5.9% | ||
| Q1 25 | 6.9% | 3.0% | ||
| Q4 24 | 13.2% | 8.4% | ||
| Q3 24 | 0.5% | 4.7% | ||
| Q2 24 | 0.3% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.19× | — | ||
| Q3 25 | 16.31× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | 3.16× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | — | -6.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
OPTX
Segment breakdown not available.
