vs
Side-by-side financial comparison of EVERSPIN TECHNOLOGIES INC. (MRAM) and ORASURE TECHNOLOGIES INC (OSUR). Click either name above to swap in a different company.
ORASURE TECHNOLOGIES INC is the larger business by last-quarter revenue ($26.8M vs $14.9M, roughly 1.8× EVERSPIN TECHNOLOGIES INC.). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -72.1%, a 70.1% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs -28.5%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs -29.7%).
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.
OraSure Technologies, Inc. is a Bethlehem, Pennsylvania–based company in the medical device industry. Their products include diagnostic testing kits. The company had recently developed OraQuick testing kit, the first over-the-counter home HIV test.
MRAM vs OSUR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $14.9M | $26.8M |
| Net Profit | $-296.0K | $-19.3M |
| Gross Margin | 52.7% | 41.0% |
| Operating Margin | 29.0% | -75.1% |
| Net Margin | -2.0% | -72.1% |
| Revenue YoY | 13.2% | -28.5% |
| Net Profit YoY | — | -78.7% |
| EPS (diluted) | $-0.01 | $-0.28 |
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 | $26.8M | ||
| Q3 25 | $14.1M | $27.1M | ||
| Q2 25 | $13.2M | $31.2M | ||
| Q1 25 | $13.1M | $29.9M | ||
| Q4 24 | $13.2M | $37.4M | ||
| Q3 24 | $12.1M | $39.9M | ||
| Q2 24 | $10.6M | $54.3M |
| Q1 26 | $-296.0K | — | ||
| Q4 25 | $1.2M | $-19.3M | ||
| Q3 25 | $54.0K | $-13.7M | ||
| Q2 25 | $-670.0K | $-19.7M | ||
| Q1 25 | $-1.2M | $-16.0M | ||
| Q4 24 | $1.2M | $-10.8M | ||
| Q3 24 | $2.3M | $-4.5M | ||
| Q2 24 | $-2.5M | $-615.0K |
| Q1 26 | 52.7% | — | ||
| Q4 25 | 50.8% | 41.0% | ||
| Q3 25 | 51.3% | 43.5% | ||
| Q2 25 | 51.3% | 42.1% | ||
| Q1 25 | 51.4% | 41.1% | ||
| Q4 24 | 51.3% | 36.2% | ||
| Q3 24 | 49.2% | 42.8% | ||
| Q2 24 | 49.0% | 45.4% |
| Q1 26 | 29.0% | — | ||
| Q4 25 | -7.2% | -75.1% | ||
| Q3 25 | -11.0% | -59.4% | ||
| Q2 25 | -14.9% | -57.7% | ||
| Q1 25 | -14.7% | -59.3% | ||
| Q4 24 | -11.8% | -33.2% | ||
| Q3 24 | -17.5% | -15.0% | ||
| Q2 24 | -26.5% | -5.0% |
| Q1 26 | -2.0% | — | ||
| Q4 25 | 8.1% | -72.1% | ||
| Q3 25 | 0.4% | -50.6% | ||
| Q2 25 | -5.1% | -63.0% | ||
| Q1 25 | -8.9% | -53.6% | ||
| Q4 24 | 9.2% | -28.8% | ||
| Q3 24 | 18.8% | -11.3% | ||
| Q2 24 | -23.5% | -1.1% |
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $0.05 | $-0.28 | ||
| Q3 25 | $0.00 | $-0.19 | ||
| Q2 25 | $-0.03 | $-0.26 | ||
| Q1 25 | $-0.05 | $-0.21 | ||
| Q4 24 | $0.07 | $-0.14 | ||
| Q3 24 | $0.10 | $-0.06 | ||
| 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 | $199.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $70.2M | $340.8M |
| Total Assets | $83.2M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.5M | — | ||
| Q4 25 | $44.5M | $199.3M | ||
| Q3 25 | $45.3M | $216.5M | ||
| Q2 25 | $45.0M | $234.6M | ||
| Q1 25 | $42.2M | $247.6M | ||
| Q4 24 | $42.1M | $267.8M | ||
| Q3 24 | $39.6M | $278.6M | ||
| Q2 24 | $36.8M | $267.4M |
| Q1 26 | $70.2M | — | ||
| Q4 25 | $68.9M | $340.8M | ||
| Q3 25 | $65.8M | $362.0M | ||
| Q2 25 | $64.1M | $380.7M | ||
| Q1 25 | $63.0M | $396.3M | ||
| Q4 24 | $62.6M | $410.3M | ||
| Q3 24 | $59.3M | $425.6M | ||
| Q2 24 | $55.4M | $425.8M |
| Q1 26 | $83.2M | — | ||
| Q4 25 | $84.6M | $403.2M | ||
| Q3 25 | $80.3M | $423.1M | ||
| Q2 25 | $78.9M | $445.0M | ||
| Q1 25 | $80.2M | $457.6M | ||
| Q4 24 | $77.8M | $479.7M | ||
| Q3 24 | $72.6M | $464.1M | ||
| Q2 24 | $64.6M | $466.3M |
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 | $-9.0M |
| Free Cash FlowOCF − Capex | — | $-9.9M |
| FCF MarginFCF / Revenue | — | -37.1% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-53.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $570.0K | — | ||
| Q4 25 | $2.6M | $-9.0M | ||
| Q3 25 | $881.0K | $-10.1M | ||
| Q2 25 | $5.0M | $-10.2M | ||
| Q1 25 | $1.4M | $-19.7M | ||
| Q4 24 | $3.8M | $109.0K | ||
| Q3 24 | $2.8M | $12.7M | ||
| Q2 24 | $1.7M | $7.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-975.0K | $-9.9M | ||
| Q3 25 | $543.0K | $-11.0M | ||
| Q2 25 | $3.0M | $-12.2M | ||
| Q1 25 | $527.0K | $-20.2M | ||
| Q4 24 | $2.1M | $-347.0K | ||
| Q3 24 | $2.8M | $12.5M | ||
| Q2 24 | $1.7M | $6.2M |
| Q1 26 | — | — | ||
| Q4 25 | -6.6% | -37.1% | ||
| Q3 25 | 3.9% | -40.6% | ||
| Q2 25 | 22.9% | -38.9% | ||
| Q1 25 | 4.0% | -67.3% | ||
| Q4 24 | 15.8% | -0.9% | ||
| Q3 24 | 22.9% | 31.4% | ||
| Q2 24 | 15.9% | 11.5% |
| Q1 26 | — | — | ||
| Q4 25 | 24.3% | 3.4% | ||
| Q3 25 | 2.4% | 3.4% | ||
| Q2 25 | 15.1% | 6.2% | ||
| Q1 25 | 6.9% | 1.4% | ||
| Q4 24 | 13.2% | 1.2% | ||
| Q3 24 | 0.5% | 0.4% | ||
| Q2 24 | 0.3% | 3.0% |
| 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
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
OSUR
| Product And Services | $24.9M | 93% |
| Other | $1.9M | 7% |
