EVERSPIN TECHNOLOGIES INC.
MRAM· Nasdaq· Semiconductors & Related Devices
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 5.7%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +5.6%
We record prices for the companies we cover; MRAM is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 22.6M
- Revenue
- $55.2M
- Free cash flow
- $3.1M
- Owner earnings
- -$2.7M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 51.2%
- Operating
- -11.8%
- Net
- -1.1%
- Free cash flow
- 5.7%
- Owner earnings
- -4.8%
- Stock pay
- 10.5%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -0.9%
- ROE, 5 yr avg
- 9.8%
Growth (CAGR)
- Revenue, 3 yr
- -2.7%
- Revenue, 5 yr
- 5.6%
- Revenue, 9 yr
- 8.2%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- -22.5%
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $44.5M
- Total debt
- $1.8M
- Net cash
- $42.7M
- Debt/Equity
- 0.0x
- Debt/FCF
- 0.6x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 3.7%
Financials: ten years from the 10-Ks
Revenue
$55.2M
+8.2% a year over 9 years
FY2016FY2025
Margins
Gross51.2%Operating-11.8%Net-1.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$3.1MOwner earnings-$2.7M
FY2025
FY2016FY2025
Diluted shares
22.6M
+20.2% over 9 years, net dilution
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net cash
$42.7M
$42.7M more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $27.1M | $35.9M | $49.4M | $37.5M | $42.0M | $55.1M | $60.0M | $63.8M | $50.4M | $55.2M |
| Revenue growth | 2.1% | 32.6% | 37.5% | -24.1% | 12.1% | 31.2% | 8.8% | 6.3% | -21.0% | 9.5% |
| Gross margin | 54.3% | 59.8% | 51.3% | 48.9% | 43.0% | 60.0% | 56.6% | 58.4% | 51.8% | 51.2% |
| Operating margin | -57.3% | -56.2% | -35.1% | -38.4% | -18.0% | 9.1% | 10.4% | 9.2% | -14.1% | -11.8% |
| Net income | -$16.7M | -$21.1M | -$17.8M | -$14.7M | -$8.5M | $4.3M | $6.1M | $9.1M | $781.0K | -$586.0K |
| Net margin | -61.7% | -58.7% | -35.9% | -39.1% | -20.3% | 7.9% | 10.2% | 14.2% | 1.5% | -1.1% |
| Diluted EPS | – | – | – | – | $-0.45 | $0.22 | $0.29 | $0.42 | $0.04 | $-0.03 |
| Return on invested capital? | – | – | – | – | – | 46.9% | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | -$18.5M | -$18.9M | -$14.7M | -$8.1M | -$2.9M | $9.4M | $9.5M | $13.1M | $7.1M | $10.0M |
| Capital expenditure | $1.0M | $3.1M | $1.9M | $861.0K | $320.0K | $1.0M | $2.8M | $1.4M | $3.0M | $6.8M |
| Free cash flow | -$19.6M | -$22.0M | -$16.6M | -$9.0M | -$3.2M | $8.3M | $6.7M | $11.7M | $4.0M | $3.1M |
| Stock-based compensation | $1.1M | $2.0M | $2.7M | $3.6M | $4.0M | $3.2M | $4.4M | $5.0M | $6.7M | $5.8M |
| Owner earnings? | -$20.7M | -$24.0M | -$19.3M | -$12.5M | -$7.2M | $5.1M | $2.3M | $6.7M | -$2.7M | -$2.7M |
| Free cash flow per share | – | – | – | – | $-0.17 | $0.42 | $0.32 | $0.55 | $0.18 | $0.14 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | – | – | – | – | – |
| Diluted shares | – | – | – | – | 18.8M | 20.0M | 20.8M | 21.4M | 22.2M | 22.6M |
| Share count change? | – | – | – | – | – | 6.3% | 4.0% | 2.8% | 3.7% | 1.9% |
| Balance sheet | ||||||||||
| Cash and equivalents | $29.7M | $12.9M | $23.4M | $14.5M | $14.6M | $21.4M | $26.8M | $36.9M | $42.1M | $44.5M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $8.1M | $12.2M | $12.5M | $7.8M | $8.0M | $4.9M | – | – | $3.6M | $1.8M |
| Net debt | -$21.6M | -$785.0K | -$10.9M | -$6.7M | -$6.6M | -$16.5M | – | – | -$38.5M | -$42.7M |
| Shareholders' equity | $26.9M | $10.9M | $24.9M | $18.5M | $17.4M | $27.2M | $38.7M | $53.9M | $62.6M | $68.9M |
Latest filings
| 2026-10-28 | 8-K | Earnings release |
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-04-29 | 10-Q | Quarterly report |
| 2026-04-29 | 8-K | Earnings release |
| 2026-04-07 | DEF 14A | Proxy statement |
| 2026-03-04 | 10-K | Annual report |
| 2026-03-04 | 8-K | Earnings release |
| 2025-11-05 | 10-Q | Quarterly report |
| 2025-11-05 | 8-K | Earnings release |
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