12 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.6% per year over the past 5 years.
Operating margin has expanded, at -11.8% in the latest year.
Financial health
The company holds more cash ($44M) than total debt ($2M).
Total debt has grown slower than revenue (-25.9% vs 5.6% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$55M
-$586000
51.2%
-11.8%
$3M
$2M
$44M
2024
$50M
$781000
51.8%
-14.1%
$4M
$4M
$42M
2023
$64M
$9M
58.4%
9.2%
$12M
—
$37M
2022
$60M
$6M
56.6%
10.4%
$7M
—
$27M
2021
$55M
$4M
60.0%
9.1%
$8M
$5M
$21M
2020
$42M
-$9M
43.0%
-18.0%
-$3M
$8M
$15M
2019
$38M
-$15M
48.9%
-38.4%
-$9M
$8M
$14M
2018
$49M
-$18M
51.3%
-35.1%
-$17M
$12M
$23M
2017
$36M
-$21M
59.8%
-56.2%
-$22M
$12M
$13M
2016
—
-$17M
—
—
-$20M
$8M
$30M
2015
—
-$18M
—
—
-$12M
$8M
$2M
2014
—
-$10M
—
—
—
—
$10M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$15M
-$296000
52.7%
-18.3%
-$4M
$1M
$40M
Dec '25
$15M
$1M
50.8%
-7.2%
-$975000
$2M
$44M
Sep '25
$14M
$54000
51.3%
-11.0%
$543000
$2M
$45M
Jun '25
$13M
-$670000
51.3%
-14.9%
$3M
$3M
$45M
Mar '25
$13M
-$1M
51.4%
-14.7%
$527000
$3M
$42M
Dec '24
$13M
$1M
51.3%
-11.8%
$2M
$4M
$42M
Sep '24
$12M
$2M
49.2%
-17.5%
$3M
—
$40M
Jun '24
$11M
-$3M
49.0%
-26.5%
$2M
—
$37M
Mar '24
$14M
-$202000
56.5%
-4.2%
-$2M
—
$35M
Dec '23
$17M
$2M
58.1%
9.5%
$2M
—
$37M
Sep '23
$16M
$2M
60.2%
12.0%
$4M
—
$35M
Jun '23
$16M
$4M
58.4%
10.3%
$6M
—
$31M
Mar '23
$15M
$761000
56.8%
4.7%
$193000
—
$24M
Dec '22
$16M
$616000
51.4%
3.5%
$4M
—
$27M
Sep '22
$15M
$2M
58.8%
12.5%
$584000
—
$23M
Jun '22
$15M
$2M
58.4%
11.8%
$3M
—
$23M
Mar '22
$14M
$2M
58.0%
14.1%
-$993000
$4M
$20M
Dec '21
$18M
$4M
62.8%
20.8%
$6M
$5M
$21M
Sep '21
$15M
$880000
57.1%
7.3%
$2M
$5M
$15M
Jun '21
$12M
$256000
60.7%
3.8%
-$815000
$7M
$14M
Valuation over time
How the market has priced MRAM against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 26.3× (Mar '23) to 240.6× (Nov '25).
The price-to-sales ratio has risen from 2.7× (Mar '23) to 9.2× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is MRAM growing its revenue and profit?
Over the past 5 years, Everspin Technologies Inc.'s revenue has grown 5.6% per year. These are computed facts, not advice.
How much debt does MRAM have?
As of FY2025, Everspin Technologies Inc. reported $2M of total debt against $44M of cash.
What is MRAM's profit margin?
In FY2025, gross margin was 51.2%, operating margin -11.8%, and net margin -1.1%.
What is MRAM's P/E ratio?
As of Jun '26, Everspin Technologies Inc. traded at a price-to-earnings ratio of about 240.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.