Monitor whether the company can convert strong revenue growth into improved profitability in 2026, particularly as licensing revenue declined and operating expenses increased despite higher sales.
Price Chart
Executive Summary
Everspin Technologies reported Q4 2025 revenue of $14.8 million, up 12% YoY, driven by strong MRAM product sales growth. Full-year revenue reached $55.2 million (10% YoY growth), but GAAP net loss was $0.6 million versus a $0.8 million profit in 2024. The company expects Q1 2026 revenue between $14.0-$15.0 million with non-GAAP net income per share of $0.07-$0.12.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $14.8 million (12% YoY growth), up from $13.2 million
- Full-year 2025 revenue: $55.2 million (10% YoY growth) vs $50.4 million in 2024
- GAAP net loss for 2025: $0.6 million vs $0.8 million net income in 2024
- Non-GAAP net income: $5.2 million ($0.22/share) in 2025 vs $7.5 million ($0.34/share) in 2024
- Q1 2026 guidance: revenue $14.0-$15.0 million, non-GAAP EPS $0.07-$0.12
Financial Impact
Revenue growth of $4.8 million year-over-year, but profitability declined with GAAP net loss of $0.6 million vs prior year profit of $0.8 million
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| MRAM product sales | $48.3M | +14.4% |
| Licensing, royalty, patent, and other revenue | $6.9M | -15.7% |
Risk Factors
- Declining licensing revenue ($6.9M in 2025 vs $8.2M in 2024)
- Increased operating expenses ($34.8M in 2025 vs $33.2M in 2024)
- GAAP net loss despite revenue growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-014611 |
| Document: mram-20260304.htm | 0001628280-26-014611 |
| Document: 0001628280-26-014611-index-headers.html | 0001628280-26-014611 |
| Document: 0001628280-26-014611-index.html | 0001628280-26-014611 |
| Document: 0001628280-26-014611.txt | 0001628280-26-014611 |
Filters
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Oct 5, 2026 21d ago | Insider Cluster | $17.76 | awaiting T+20 | — | $12.59 (−29.11%) |
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Jun 11, 2026 19w ago | Institutional Cluster | $24.20 $18.14 | ▼ −25.04% | ▼ −26.93% | $12.59 (−47.98%) |
Jun 2, 2026 20w ago | Insider Cluster | $28.57 $19.14 | ▲ +33.01% | ▲ +32.01% | $12.59 (+55.93%) |
May 21, 2026 22w ago | Insider Cluster | $32.70 $21.10 | ▲ +35.47% | ▲ +33.53% | $12.59 (+61.50%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $12.59 (+62.62%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $12.59 (+62.62%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $12.59 (+62.62%) |
May 20, 2026 22w ago | 144 | $32.45 $25.56 | ▼ −21.23% | ▼ −21.57% | $12.59 (−61.20%) |
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