NASDAQ : MRAM
Everspin Technologies, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 14.43 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 352.35M
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Financial statements
Everspin Technologies, Inc. (MRAM) reported revenue of 69.06M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 69.06M | 55.20M | 50.40M | 63.77M | 59.98M | 55.15M |
| Cost of Revenue | 32.99M | 26.96M | 24.28M | 26.52M | 26.04M | 22.07M |
| Gross Profit | 36.06M | 28.24M | 26.13M | 37.24M | 33.95M | 33.07M |
| Selling, General & Admin | 36.60M | 20.66M | 19.53M | 19.58M | 16.61M | 15.41M |
| Research & Development | 15.56M | 14.09M | 13.69M | 11.78M | 11.11M | 12.63M |
| Operating Expenses | 52.16M | 34.75M | 33.22M | 31.36M | 27.72M | 28.04M |
| Operating Income | -16.10M | -6.51M | -7.09M | 5.88M | 6.23M | 5.04M |
| Interest Expense | -63.00K | -274.00K | -547.00K | |||
| Interest & Investment Income | 1.37M | 1.65M | 1.77M | |||
| Other Non Operating Income (Expenses) | 5.01M | 4.41M | 6.07M | 1.41M | 190.00K | -141.00K |
| EBT Excluding Unusual Items | -9.72M | -457.00K | 741.00K | 7.24M | 6.14M | 4.35M |
| Other Unusual Items | 1.80M | |||||
| Pretax Income | -9.72M | -457.00K | 741.00K | 9.04M | 6.14M | 4.35M |
| Income Tax Expense | 141.00K | 129.00K | -40.00K | -16.00K | 14.00K | 4.00K |
| Net Income | -9.86M | -586.00K | 781.00K | 9.05M | 6.13M | 4.34M |
| Net Income to Common | -9.86M | -586.00K | 781.00K | 9.05M | 6.13M | 4.34M |
| Shares Outstanding (Basic) | 23.58M | 22.57M | 21.64M | 20.75M | 20.13M | 19.40M |
| Shares Outstanding (Diluted) | 23.58M | 22.57M | 22.16M | 21.37M | 20.78M | 19.97M |
| EPS (Basic) | -0.42 | -0.03 | 0.04 | 0.44 | 0.30 | 0.22 |
| EPS (Diluted) | -0.42 | -0.03 | 0.04 | 0.42 | 0.29 | 0.22 |
| Free Cash Flow | -6.44M | 3.12M | 4.05M | 11.72M | 6.71M | 8.33M |
| Free Cash Flow Per Share | -0.27 | 0.14 | 0.18 | 0.55 | 0.32 | 0.42 |
| Gross Margin | 52.22% | 51.16% | 51.84% | 58.41% | 56.59% | 59.97% |
| Operating Margin | -23.31% | -11.79% | -14.07% | 9.23% | 10.38% | 9.13% |
| Profit Margin | -14.28% | -1.06% | 1.55% | 14.20% | 10.22% | 7.88% |
| Free Cash Flow Margin | -9.33% | 5.66% | 8.04% | 18.39% | 11.18% | 15.10% |
| EBITDA | -15.13M | -5.10M | -5.46M | 7.09M | 7.21M | 6.49M |
| EBITDA Margin | -21.91% | -9.23% | -10.83% | 11.12% | 12.02% | 11.77% |
| D&A For EBITDA | 970.00K | 1.41M | 1.63M | 1.21M | 982.00K | 1.46M |
| EBIT | -16.10M | -6.51M | -7.09M | 5.88M | 6.23M | 5.04M |
| EBIT Margin | -23.31% | -11.79% | -14.07% | 9.23% | 10.38% | 9.13% |
| Effective Tax Rate | 0.23% | 0.09% | ||||
| Revenue as Reported | 69.06M | 55.20M | 50.40M | 63.77M | 59.98M | 55.15M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 43.04M | 44.45M | 42.10M | 36.95M | 26.80M | 21.41M |
| Cash & Short-Term Investments | 43.04M | 44.45M | 42.10M | 36.95M | 26.80M | 21.41M |
| Receivables | 11.07M | 8.50M | 12.22M | 11.55M | 10.66M | 8.19M |
| Inventory | 13.96M | 10.73M | 9.11M | 8.39M | 6.68M | 6.40M |
| Prepaid Expenses | 1.72M | 1.48M | 772.00K | 988.00K | 604.00K | 762.00K |
| Total Current Assets | 69.79M | 65.16M | 64.20M | 57.88M | 44.75M | 36.76M |
| Property, Plant & Equipment | 17.92M | 17.39M | 7.77M | 9.21M | 10.52M | 1.89M |
| Other Intangible Assets | 458.00K | 1.71M | 3.42M | |||
| Other Long-Term Assets | 1.96M | 342.00K | 2.40M | 212.00K | 62.00K | 734.00K |
| Total Assets | 90.12M | 84.61M | 77.79M | 67.30M | 55.33M | 39.38M |
| Accounts Payable | 9.91M | 5.18M | 2.28M | 2.92M | 2.78M | 1.78M |
| Accrued Expenses | 9.31M | 3.65M | 2.45M | 4.34M | 3.53M | 3.58M |
| Current Portion of Long-Term Debt | 2.59M | 3.37M | ||||
| Current Portion of Leases | 1.43M | 1.38M | 1.31M | 1.19M | 1.12M | 724.00K |
| Current Unearned Revenue | 1.47M | 2.11M | 336.00K | 821.00K | 832.00K | |
| Other Current Liabilities | 449.00K | 1.77M | 1.77M | 27.00K | 50.00K | |
| Total Current Liabilities | 21.10M | 13.45M | 9.91M | 8.78M | 10.88M | 10.33M |
| Long-Term Debt | 1.53M | |||||
| Long-Term Leases | 1.06M | 1.96M | 3.34M | 4.39M | 5.58M | 68.00K |
| Other Long-Term Liabilities | 293.00K | 283.00K | 1.95M | 214.00K | 214.00K | 214.00K |
| Total Liabilities | 22.46M | 15.69M | 15.20M | 13.38M | 16.67M | 12.14M |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 216.18M | 206.37M | 199.46M | 191.57M | 185.36M | 180.07M |
| Retained Earnings | -148.52M | -137.46M | -136.87M | -137.65M | -146.70M | -152.83M |
| Total Common Equity | 67.67M | 68.92M | 62.59M | 53.92M | 38.66M | 27.24M |
| Shareholders' Equity | 67.67M | 68.92M | 62.59M | 53.92M | 38.66M | 27.24M |
| Total Liabilities & Equity | 90.12M | 84.61M | 77.79M | 67.30M | 55.33M | 39.38M |
| Total Debt | 2.49M | 3.34M | 4.64M | 5.58M | 9.30M | 5.69M |
| Net Cash (Debt) | 40.55M | 41.11M | 37.45M | 31.37M | 17.50M | 15.72M |
| Net Cash Per Share | 1.72 | 1.82 | 1.69 | 1.47 | 0.84 | 0.79 |
| Filing Date Shares Outstanding | 24.42M | 23.12M | 22.14M | 21.23M | 20.44M | 19.89M |
| Total Common Shares Outstanding | 24.42M | 22.98M | 22.06M | 21.08M | 20.37M | 19.86M |
| Working Capital | 48.69M | 51.71M | 54.29M | 49.10M | 33.87M | 26.43M |
| Book Value Per Share | 2.77 | 3.00 | 2.84 | 2.56 | 1.90 | 1.37 |
| Tangible Book Value | 67.21M | 67.20M | 59.18M | 53.92M | 38.66M | 27.24M |
| Tangible Book Value Per Share | 2.75 | 2.92 | 2.68 | 2.56 | 1.90 | 1.37 |
| Machinery | 15.91M | 14.91M | 14.13M | 17.44M | 13.80M | |
| Construction In Progress | 11.13M | |||||
| Leasehold Improvements | 1.48M | 1.48M | 1.48M | 1.44M | 1.44M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.86M | -586.00K | 781.00K | 9.05M | 6.13M | 4.34M |
| Depreciation & Amortization | 970.00K | 1.41M | 1.63M | 1.21M | 982.00K | 1.46M |
| Other Amortization | 1.80M | 1.80M | 100.00K | |||
| Loss (Gain) From Sale of Assets | -25.00K | -15.00K | -167.00K | |||
| Stock-Based Compensation | 5.58M | 5.78M | 6.71M | 5.00M | 4.41M | 3.23M |
| Other Operating Activities | 171.00K | 82.00K | 338.00K | |||
| Change in Accounts Receivable | -2.38M | 3.62M | -168.00K | -889.00K | -2.47M | -586.00K |
| Change in Inventory | -2.14M | -1.62M | -719.00K | -1.71M | -287.00K | -675.00K |
| Change in Accounts Payable | 8.32M | -501.00K | -374.00K | 499.00K | 563.00K | -571.00K |
| Change in Unearned Revenue | -3.49M | -640.00K | 1.78M | -485.00K | -11.00K | 832.00K |
| Change in Income Taxes | 3.00K | 106.00K | ||||
| Change in Other Net Operating Assets | 5.41M | 621.00K | -2.64M | 293.00K | 266.00K | 996.00K |
| Operating Cash Flow | 4.22M | 9.96M | 7.10M | 13.13M | 9.49M | 9.36M |
| Capital Expenditures | -10.66M | -6.84M | -3.05M | -1.40M | -2.79M | -1.03M |
| Sale of Property, Plant & Equipment | 19.00K | 202.00K | ||||
| Sale (Purchase) of Intangibles | -1.84M | -1.84M | -11.00K | |||
| Investing Cash Flow | -12.50M | -8.67M | -3.06M | -1.39M | -2.59M | -1.03M |
| Long-Term Debt Repaid | -67.00K | -66.00K | -2.79M | -2.40M | -3.40M | |
| Net Debt Issued (Repaid) | -66.00K | -67.00K | -66.00K | -2.79M | -2.40M | -3.40M |
| Issuance of Common Stock | 6.13M | 1.13M | 1.18M | 1.20M | 889.00K | 1.89M |
| Other Financing Activities | -10.00K | -11.00K | ||||
| Financing Cash Flow | 6.07M | 1.07M | 1.11M | -1.59M | -1.52M | -1.52M |
| Net Cash Flow | -2.21M | 2.35M | 5.15M | 10.15M | 5.39M | 6.81M |
| Free Cash Flow | -6.44M | 3.12M | 4.05M | 11.72M | 6.71M | 8.33M |
| Free Cash Flow Margin | -9.33% | 5.66% | 8.04% | 18.39% | 11.18% | 15.10% |
| Free Cash Flow Per Share | -0.27 | 0.14 | 0.18 | 0.55 | 0.32 | 0.42 |
| Levered Free Cash Flow | -9.95M | 1.10M | 801.12K | 5.89M | 4.64M | 6.45M |
| Unlevered Free Cash Flow | -9.95M | 1.10M | 801.12K | 5.93M | 4.81M | 6.80M |
| Cash Interest Paid | 37.00K | 169.00K | 228.00K | |||
| Cash Income Tax Paid | 31.00K | 38.00K | 202.00K | |||
| Change in Working Capital | 5.73M | 1.58M | -2.13M | -2.29M | -1.94M | -4.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 333.80M | 212.11M | 140.40M | 190.05M | 113.10M | 221.57M |
| Enterprise Value | 293.24M | 170.52M | 105.77M | 160.98M | 99.81M | 213.76M |
| Last Close Price | 13.61 | 9.28 | 6.39 | 9.04 | 5.56 | 11.30 |
| PE Ratio | 179.77 | 21.00 | 18.45 | 51.02 | ||
| Forward PE | 25.08 | 28.12 | 22.03 | 18.08 | 21.80 | 37.67 |
| PS Ratio | 4.81 | 3.84 | 2.79 | 2.98 | 1.89 | 4.02 |
| PB Ratio | 4.91 | 3.08 | 2.24 | 3.52 | 2.92 | 8.13 |
| P/TBV Ratio | 4.94 | 3.16 | 2.37 | 3.52 | 2.92 | 8.13 |
| P/FCF Ratio | 67.94 | 34.67 | 16.21 | 16.87 | 26.60 | |
| P/OCF Ratio | 78.83 | 21.30 | 19.78 | 14.48 | 11.91 | 23.68 |
| PEG Ratio | 1.04 | 1.10 | 0.90 | 1.09 | 1.88 | |
| EV/Sales Ratio | 4.23 | 3.09 | 2.10 | 2.52 | 1.66 | 3.88 |
| EV/EBITDA Ratio | 22.71 | 13.85 | 32.94 | |||
| EV/EBIT Ratio | 27.36 | 16.03 | 42.45 | |||
| EV/FCF Ratio | 54.62 | 26.12 | 13.73 | 14.89 | 25.66 | |
| Debt / Equity Ratio | 0.04 | 0.05 | 0.07 | 0.10 | 0.24 | 0.21 |
| Debt / EBITDA Ratio | 0.66 | 1.08 | 0.71 | |||
| Debt / FCF Ratio | 1.07 | 1.15 | 0.48 | 1.39 | 0.68 | |
| Net Debt / Equity Ratio | -0.60 | -0.60 | -0.60 | -0.58 | -0.45 | -0.58 |
| Net Debt / EBITDA Ratio | 2.68 | 8.07 | 6.86 | -4.42 | -2.43 | -2.42 |
| Net Debt / FCF Ratio | 6.29 | -13.17 | -9.25 | -2.67 | -2.61 | -1.89 |
| Asset Turnover | 0.81 | 0.68 | 0.69 | 1.04 | 1.27 | 1.53 |
| Inventory Turnover | 2.56 | 2.72 | 2.77 | 3.52 | 3.98 | 3.64 |
| Quick Ratio | 2.56 | 3.94 | 5.48 | 5.53 | 3.44 | 2.87 |
| Current Ratio | 3.31 | 4.84 | 6.48 | 6.59 | 4.12 | 3.56 |
| Return on Equity (ROE) | -14.78% | -0.89% | 1.34% | 19.55% | 18.60% | 19.45% |
| Return on Assets (ROA) | -11.81% | -5.01% | -6.11% | 6.00% | 8.22% | 8.75% |
| Return on Invested Capital (ROIC) | -54.42% | -24.59% | -29.74% | 26.92% | 38.02% | 40.68% |
| Return on Capital Employed (ROCE) | -23.30% | -9.10% | -10.40% | 10.10% | 14.00% | 17.30% |
| Earnings Yield | -3.06% | -0.28% | 0.56% | 4.76% | 5.42% | 1.96% |
| FCF Yield | -1.94% | 1.47% | 2.89% | 6.17% | 5.93% | 3.76% |
| Buyback Yield / Dilution | -5.54% | -1.86% | -3.69% | -2.85% | -4.03% | -6.33% |