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Side-by-side financial comparison of EVERSPIN TECHNOLOGIES INC. (MRAM) and SuperCom Ltd (SPCB). Click either name above to swap in a different company.

EVERSPIN TECHNOLOGIES INC. is the larger business by last-quarter revenue ($14.8M vs $14.2M, roughly 1.0× SuperCom Ltd). SuperCom Ltd runs the higher net margin — 37.5% vs 8.1%, a 29.4% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (11.8% vs -1.5%). EVERSPIN TECHNOLOGIES INC. produced more free cash flow last quarter ($-975.0K vs $-3.6M).

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.

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

MRAM vs SPCB — Head-to-Head

Bigger by revenue
MRAM
MRAM
1.0× larger
MRAM
$14.8M
$14.2M
SPCB
Growing faster (revenue YoY)
MRAM
MRAM
+13.2% gap
MRAM
11.8%
-1.5%
SPCB
Higher net margin
SPCB
SPCB
29.4% more per $
SPCB
37.5%
8.1%
MRAM
More free cash flow
MRAM
MRAM
$2.6M more FCF
MRAM
$-975.0K
$-3.6M
SPCB

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MRAM
MRAM
SPCB
SPCB
Revenue
$14.8M
$14.2M
Net Profit
$1.2M
$5.3M
Gross Margin
50.8%
61.2%
Operating Margin
-7.2%
16.3%
Net Margin
8.1%
37.5%
Revenue YoY
11.8%
-1.5%
Net Profit YoY
-1.5%
79.5%
EPS (diluted)
$0.05
$1.32

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
SPCB
SPCB
Q4 25
$14.8M
Q3 25
$14.1M
Q2 25
$13.2M
$14.2M
Q1 25
$13.1M
Q4 24
$13.2M
Q3 24
$12.1M
Q2 24
$10.6M
$14.4M
Q1 24
$14.4M
Net Profit
MRAM
MRAM
SPCB
SPCB
Q4 25
$1.2M
Q3 25
$54.0K
Q2 25
$-670.0K
$5.3M
Q1 25
$-1.2M
Q4 24
$1.2M
Q3 24
$2.3M
Q2 24
$-2.5M
$3.0M
Q1 24
$-202.0K
Gross Margin
MRAM
MRAM
SPCB
SPCB
Q4 25
50.8%
Q3 25
51.3%
Q2 25
51.3%
61.2%
Q1 25
51.4%
Q4 24
51.3%
Q3 24
49.2%
Q2 24
49.0%
52.3%
Q1 24
56.5%
Operating Margin
MRAM
MRAM
SPCB
SPCB
Q4 25
-7.2%
Q3 25
-11.0%
Q2 25
-14.9%
16.3%
Q1 25
-14.7%
Q4 24
-11.8%
Q3 24
-17.5%
Q2 24
-26.5%
7.7%
Q1 24
-4.2%
Net Margin
MRAM
MRAM
SPCB
SPCB
Q4 25
8.1%
Q3 25
0.4%
Q2 25
-5.1%
37.5%
Q1 25
-8.9%
Q4 24
9.2%
Q3 24
18.8%
Q2 24
-23.5%
20.6%
Q1 24
-1.4%
EPS (diluted)
MRAM
MRAM
SPCB
SPCB
Q4 25
$0.05
Q3 25
$0.00
Q2 25
$-0.03
$1.32
Q1 25
$-0.05
Q4 24
$0.07
Q3 24
$0.10
Q2 24
$-0.12
$1.19
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
MRAM
MRAM
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$44.5M
$15.0M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$68.9M
$37.3M
Total Assets
$84.6M
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRAM
MRAM
SPCB
SPCB
Q4 25
$44.5M
Q3 25
$45.3M
Q2 25
$45.0M
$15.0M
Q1 25
$42.2M
Q4 24
$42.1M
Q3 24
$39.6M
Q2 24
$36.8M
$5.7M
Q1 24
$34.8M
Total Debt
MRAM
MRAM
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$29.2M
Q1 24
Stockholders' Equity
MRAM
MRAM
SPCB
SPCB
Q4 25
$68.9M
Q3 25
$65.8M
Q2 25
$64.1M
$37.3M
Q1 25
$63.0M
Q4 24
$62.6M
Q3 24
$59.3M
Q2 24
$55.4M
$13.8M
Q1 24
$55.8M
Total Assets
MRAM
MRAM
SPCB
SPCB
Q4 25
$84.6M
Q3 25
$80.3M
Q2 25
$78.9M
$65.5M
Q1 25
$80.2M
Q4 24
$77.8M
Q3 24
$72.6M
Q2 24
$64.6M
$49.6M
Q1 24
$66.2M
Debt / Equity
MRAM
MRAM
SPCB
SPCB
Q4 25
Q3 25
Q2 25
0.63×
Q1 25
Q4 24
Q3 24
Q2 24
2.11×
Q1 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
SPCB
SPCB
Operating Cash FlowLast quarter
$2.6M
$-2.2M
Free Cash FlowOCF − Capex
$-975.0K
$-3.6M
FCF MarginFCF / Revenue
-6.6%
-25.3%
Capex IntensityCapex / Revenue
24.3%
10.0%
Cash ConversionOCF / Net Profit
2.19×
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$3.1M
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRAM
MRAM
SPCB
SPCB
Q4 25
$2.6M
Q3 25
$881.0K
Q2 25
$5.0M
$-2.2M
Q1 25
$1.4M
Q4 24
$3.8M
Q3 24
$2.8M
Q2 24
$1.7M
$-950.0K
Q1 24
$-1.3M
Free Cash Flow
MRAM
MRAM
SPCB
SPCB
Q4 25
$-975.0K
Q3 25
$543.0K
Q2 25
$3.0M
$-3.6M
Q1 25
$527.0K
Q4 24
$2.1M
Q3 24
$2.8M
Q2 24
$1.7M
$-1.6M
Q1 24
$-2.5M
FCF Margin
MRAM
MRAM
SPCB
SPCB
Q4 25
-6.6%
Q3 25
3.9%
Q2 25
22.9%
-25.3%
Q1 25
4.0%
Q4 24
15.8%
Q3 24
22.9%
Q2 24
15.9%
-10.8%
Q1 24
-17.3%
Capex Intensity
MRAM
MRAM
SPCB
SPCB
Q4 25
24.3%
Q3 25
2.4%
Q2 25
15.1%
10.0%
Q1 25
6.9%
Q4 24
13.2%
Q3 24
0.5%
Q2 24
0.3%
4.2%
Q1 24
8.4%
Cash Conversion
MRAM
MRAM
SPCB
SPCB
Q4 25
2.19×
Q3 25
16.31×
Q2 25
-0.41×
Q1 25
Q4 24
3.16×
Q3 24
1.25×
Q2 24
-0.32×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRAM
MRAM

Transferred At Point In Time$13.7M92%
Transferred Over Time$1.1M8%

SPCB
SPCB

Segment breakdown not available.

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