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Side-by-side financial comparison of EVERSPIN TECHNOLOGIES INC. (MRAM) and UNITED STATES ANTIMONY CORP (UAMY). Click either name above to swap in a different company.

EVERSPIN TECHNOLOGIES INC. is the larger business by last-quarter revenue ($14.9M vs $13.0M, roughly 1.1× UNITED STATES ANTIMONY CORP). EVERSPIN TECHNOLOGIES INC. runs the higher net margin — -2.0% vs -2.2%, a 0.2% gap on every dollar of revenue. On growth, UNITED STATES ANTIMONY CORP posted the faster year-over-year revenue change (131.4% vs 13.2%). Over the past eight quarters, UNITED STATES ANTIMONY CORP's revenue compounded faster (106.0% 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.

United States Antimony Corp is a natural resources firm focused on exploring, mining, processing, and selling antimony, silver, and gold products. It runs production facilities in the U.S. and Mexico, serving global industrial clients in flame retardant, battery alloy, and specialty chemical manufacturing sectors.

MRAM vs UAMY — Head-to-Head

Bigger by revenue
MRAM
MRAM
1.1× larger
MRAM
$14.9M
$13.0M
UAMY
Growing faster (revenue YoY)
UAMY
UAMY
+118.2% gap
UAMY
131.4%
13.2%
MRAM
Higher net margin
MRAM
MRAM
0.2% more per $
MRAM
-2.0%
-2.2%
UAMY
Faster 2-yr revenue CAGR
UAMY
UAMY
Annualised
UAMY
106.0%
18.2%
MRAM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MRAM
MRAM
UAMY
UAMY
Revenue
$14.9M
$13.0M
Net Profit
$-296.0K
$-286.9K
Gross Margin
52.7%
20.3%
Operating Margin
29.0%
-30.1%
Net Margin
-2.0%
-2.2%
Revenue YoY
13.2%
131.4%
Net Profit YoY
67.5%
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.

Revenue
MRAM
MRAM
UAMY
UAMY
Q1 26
$14.9M
Q4 25
$14.8M
$13.0M
Q3 25
$14.1M
$8.7M
Q2 25
$13.2M
$10.5M
Q1 25
$13.1M
$7.0M
Q4 24
$13.2M
$5.6M
Q3 24
$12.1M
$2.6M
Q2 24
$10.6M
$3.7M
Net Profit
MRAM
MRAM
UAMY
UAMY
Q1 26
$-296.0K
Q4 25
$1.2M
$-286.9K
Q3 25
$54.0K
$-4.8M
Q2 25
$-670.0K
$181.6K
Q1 25
$-1.2M
$546.5K
Q4 24
$1.2M
$-882.9K
Q3 24
$2.3M
$-727.5K
Q2 24
$-2.5M
$202.8K
Gross Margin
MRAM
MRAM
UAMY
UAMY
Q1 26
52.7%
Q4 25
50.8%
20.3%
Q3 25
51.3%
23.1%
Q2 25
51.3%
27.0%
Q1 25
51.4%
33.9%
Q4 24
51.3%
21.4%
Q3 24
49.2%
16.5%
Q2 24
49.0%
34.1%
Operating Margin
MRAM
MRAM
UAMY
UAMY
Q1 26
29.0%
Q4 25
-7.2%
-30.1%
Q3 25
-11.0%
-56.5%
Q2 25
-14.9%
0.2%
Q1 25
-14.7%
5.1%
Q4 24
-11.8%
-19.3%
Q3 24
-17.5%
-34.6%
Q2 24
-26.5%
1.5%
Net Margin
MRAM
MRAM
UAMY
UAMY
Q1 26
-2.0%
Q4 25
8.1%
-2.2%
Q3 25
0.4%
-54.9%
Q2 25
-5.1%
1.7%
Q1 25
-8.9%
7.8%
Q4 24
9.2%
-15.7%
Q3 24
18.8%
-28.3%
Q2 24
-23.5%
5.5%
EPS (diluted)
MRAM
MRAM
UAMY
UAMY
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
$0.00
Q4 24
$0.07
$-108943126.01
Q3 24
$0.10
$-0.01
Q2 24
$-0.12
$108943126.00

Balance Sheet & Financial Strength

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

Metric
MRAM
MRAM
UAMY
UAMY
Cash + ST InvestmentsLiquidity on hand
$40.5M
$30.5M
Total DebtLower is stronger
$195.4K
Stockholders' EquityBook value
$70.2M
$141.0M
Total Assets
$83.2M
$153.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRAM
MRAM
UAMY
UAMY
Q1 26
$40.5M
Q4 25
$44.5M
$30.5M
Q3 25
$45.3M
Q2 25
$45.0M
Q1 25
$42.2M
Q4 24
$42.1M
$18.2M
Q3 24
$39.6M
$13.0M
Q2 24
$36.8M
$12.4M
Total Debt
MRAM
MRAM
UAMY
UAMY
Q1 26
Q4 25
$195.4K
Q3 25
$93.2K
Q2 25
$127.5K
Q1 25
$161.6K
Q4 24
$327.7K
Q3 24
$228.9K
Q2 24
$262.1K
Stockholders' Equity
MRAM
MRAM
UAMY
UAMY
Q1 26
$70.2M
Q4 25
$68.9M
$141.0M
Q3 25
$65.8M
$71.8M
Q2 25
$64.1M
$37.5M
Q1 25
$63.0M
$32.6M
Q4 24
$62.6M
$28.6M
Q3 24
$59.3M
$25.1M
Q2 24
$55.4M
$25.7M
Total Assets
MRAM
MRAM
UAMY
UAMY
Q1 26
$83.2M
Q4 25
$84.6M
$153.9M
Q3 25
$80.3M
$79.9M
Q2 25
$78.9M
$47.5M
Q1 25
$80.2M
$39.5M
Q4 24
$77.8M
$34.6M
Q3 24
$72.6M
$29.8M
Q2 24
$64.6M
$28.9M
Debt / Equity
MRAM
MRAM
UAMY
UAMY
Q1 26
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.01×
Q3 24
0.01×
Q2 24
0.01×

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
UAMY
UAMY
Operating Cash FlowLast quarter
$570.0K
$-3.5M
Free Cash FlowOCF − Capex
$-15.2M
FCF MarginFCF / Revenue
-116.7%
Capex IntensityCapex / Revenue
90.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRAM
MRAM
UAMY
UAMY
Q1 26
$570.0K
Q4 25
$2.6M
$-3.5M
Q3 25
$881.0K
$-3.9M
Q2 25
$5.0M
$-627.7K
Q1 25
$1.4M
$-1.7M
Q4 24
$3.8M
$1.2M
Q3 24
$2.8M
$411.2K
Q2 24
$1.7M
$565.9K
Free Cash Flow
MRAM
MRAM
UAMY
UAMY
Q1 26
Q4 25
$-975.0K
$-15.2M
Q3 25
$543.0K
$-12.5M
Q2 25
$3.0M
$-7.2M
Q1 25
$527.0K
$-2.6M
Q4 24
$2.1M
$970.6K
Q3 24
$2.8M
$338.9K
Q2 24
$1.7M
$467.9K
FCF Margin
MRAM
MRAM
UAMY
UAMY
Q1 26
Q4 25
-6.6%
-116.7%
Q3 25
3.9%
-144.1%
Q2 25
22.9%
-68.0%
Q1 25
4.0%
-37.0%
Q4 24
15.8%
17.2%
Q3 24
22.9%
13.2%
Q2 24
15.9%
12.8%
Capex Intensity
MRAM
MRAM
UAMY
UAMY
Q1 26
Q4 25
24.3%
90.1%
Q3 25
2.4%
99.7%
Q2 25
15.1%
62.1%
Q1 25
6.9%
12.3%
Q4 24
13.2%
3.7%
Q3 24
0.5%
2.8%
Q2 24
0.3%
2.7%
Cash Conversion
MRAM
MRAM
UAMY
UAMY
Q1 26
Q4 25
2.19×
Q3 25
16.31×
Q2 25
-3.46×
Q1 25
-3.16×
Q4 24
3.16×
Q3 24
1.25×
Q2 24
2.79×

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%

UAMY
UAMY

Antimony$11.8M90%
Other$1.2M10%

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