Everspin Technologies, Inc. (MRAM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 14.87M | 14.8M | 14.06M | 13.2M | 13.14M | 13.24M | 12.09M | 10.64M | 14.43M | 16.71M | 16.47M | 15.75M | 14.85M | 15.69M | 15.24M | 14.71M | 14.35M | 18.22M | 14.79M | 11.85M |
| Revenue Growth % | 13.2% | 11.78% | 16.27% | 24.12% | -8.95% | -20.73% | -26.56% | -32.46% | -2.8% | 6.48% | 8.04% | 7.07% | 3.48% | -13.9% | 3.01% | 24.13% | 39.56% | 82.65% | 46.2% | 0.19% |
| Cost of Goods Sold | 7.03M | 7.29M | 6.85M | 6.43M | 6.38M | 6.45M | 6.14M | 5.42M | 6.27M | 7M | 6.55M | 6.55M | 6.42M | 7.62M | 6.28M | 6.12M | 6.02M | 6.78M | 6.35M | 4.65M |
| COGS % of Revenue | 47.26% | 49.23% | 48.75% | 48.73% | 48.6% | 48.67% | 50.78% | 50.96% | 43.45% | 41.92% | 39.76% | 41.62% | 43.22% | 48.59% | 41.19% | 41.59% | 41.99% | 37.21% | 42.9% | 39.26% |
| Gross Profit | 7.84M | 7.51M | 7.21M | 6.77M | 6.75M | 6.8M | 5.95M | 5.22M | 8.16M | 9.7M | 9.92M | 9.19M | 8.43M | 8.07M | 8.96M | 8.59M | 8.32M | 11.44M | 8.45M | 7.2M |
| Gross Margin % | 52.74% | 50.77% | 51.25% | 51.27% | 51.4% | 51.33% | 49.22% | 49.04% | 56.55% | 58.08% | 60.24% | 58.38% | 56.78% | 51.41% | 58.81% | 58.41% | 58.01% | 62.79% | 57.1% | 60.74% |
| Gross Profit Growth % | 16.14% | 10.55% | 21.07% | 29.75% | -17.24% | -29.94% | -39.99% | -43.26% | -3.2% | 20.28% | 10.65% | 7.01% | 1.29% | -29.5% | 6.11% | 19.39% | 39.06% | 119.3% | 262.73% | 38.62% |
| Operating Expenses | 10.56M | 8.59M | 8.75M | 8.73M | 8.69M | 8.36M | 8.07M | 8.04M | 8.76M | 8.12M | 7.94M | 7.57M | 7.73M | 7.51M | 7.05M | 6.85M | 6.3M | 7.66M | 7.37M | 6.74M |
| OpEx % of Revenue | 71% | 57.99% | 62.24% | 66.12% | 66.11% | 63.09% | 66.71% | 75.55% | 60.71% | 48.58% | 48.22% | 48.07% | 52.09% | 47.9% | 46.28% | 46.58% | 43.9% | 42.01% | 49.83% | 56.89% |
| Selling, General & Admin | 6.95M | 5.02M | 5.17M | 5.15M | 5.33M | 4.93M | 4.68M | 4.58M | 5.34M | 4.91M | 5.28M | 4.86M | 4.54M | 4.42M | 4.17M | 4.15M | 3.86M | 3.93M | 4.27M | 3.38M |
| SG&A % of Revenue | 46.76% | 33.91% | 36.76% | 39% | 40.56% | 37.21% | 38.72% | 43.04% | 37.02% | 29.37% | 32.07% | 30.88% | 30.55% | 28.18% | 27.39% | 28.23% | 26.93% | 21.56% | 28.85% | 28.55% |
| Research & Development | 3.6M | 3.57M | 3.58M | 3.58M | 3.36M | 3.43M | 3.38M | 3.46M | 3.42M | 3.21M | 2.66M | 2.71M | 3.2M | 3.09M | 2.88M | 2.7M | 2.44M | 3.73M | 3.1M | 3.36M |
| R&D % of Revenue | 24.24% | 24.09% | 25.48% | 27.12% | 25.54% | 25.88% | 27.98% | 32.5% | 23.69% | 19.21% | 16.15% | 17.2% | 21.55% | 19.72% | 18.89% | 18.35% | 16.98% | 20.45% | 20.99% | 28.33% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -2.72M | -1.07M | -1.54M | -1.96M | -1.93M | -1.56M | -2.12M | -2.82M | -600K | 1.59M | 1.98M | 1.62M | 696K | 552K | 1.91M | 1.74M | 2.02M | 3.79M | 1.07M | 456K |
| Operating Margin % | -18.26% | -7.23% | -10.99% | -14.85% | -14.71% | -11.76% | -17.49% | -26.5% | -4.16% | 9.5% | 12.02% | 10.31% | 4.69% | 3.52% | 12.54% | 11.83% | 14.11% | 20.79% | 7.27% | 3.85% |
| Operating Income Growth % | -40.58% | 31.28% | 26.95% | 30.44% | -222% | -198.11% | -206.87% | -273.69% | -186.21% | 187.5% | 3.56% | -6.72% | -65.61% | -85.43% | 77.77% | 281.58% | 812.68% | 420.2% | 128.97% | 141.95% |
| EBITDA | -2.02M | -419K | -679K | -1.11M | -1.09M | -1.02M | -1.71M | -2.42M | -202K | 1.89M | 2.27M | 1.91M | 1.03M | 830K | 2.15M | 1.94M | 2.28M | 4.13M | 1.44M | 829K |
| EBITDA Margin % | -13.56% | -2.83% | -4.83% | -8.42% | -8.27% | -7.72% | -14.17% | -22.77% | -1.4% | 11.3% | 13.77% | 12.11% | 6.93% | 5.29% | 14.13% | 13.22% | 15.91% | 22.64% | 9.71% | 7% |
| EBITDA Growth % | -85.73% | 59.04% | 60.36% | 54.09% | -437.62% | -154.21% | -175.56% | -227.01% | -119.63% | 127.35% | 5.29% | -1.9% | -54.91% | -79.88% | 49.93% | 134.5% | 2205.05% | 608.13% | 149.3% | 221.38% |
| D&A (Non-Cash Add-back) | 699K | 651K | 866K | 849K | 846K | 534K | 402K | 397K | 398K | 300K | 288K | 284K | 333K | 278K | 242K | 204K | 258K | 338K | 361K | 373K |
| EBIT | -2.72M | -1.07M | 51K | -1.96M | -1.93M | 1.09M | 2.28M | -2.43M | -202K | 1.95M | 2.44M | 1.62M | 824K | 686K | 1.98M | 1.74M | 2.01M | 3.68M | 1.07M | 456K |
| Net Interest Income | 317K | 383K | 432K | 423K | 408K | 0 | 463K | 423K | 439K | 0 | 0 | 0 | -63K | -56K | -73K | -70K | -75K | -86K | -165K | -144K |
| Interest Income | 317K | 383K | 432K | 423K | 408K | 0 | 463K | 423K | 439K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63K | 56K | 73K | 70K | 75K | 86K | 165K | 144K |
| Other Income/Expense | 2.42M | 2.39M | 1.6M | 1.26M | 796K | 2.65M | 4.4M | 393K | 398K | 365K | 459K | 2.26M | 65K | 78K | -4K | -69K | -89K | -192K | -173K | -156K |
| Pretax Income | -293K | 1.32M | 51K | -696K | -1.14M | 1.09M | 2.28M | -2.43M | -202K | 1.95M | 2.44M | 3.88M | 761K | 630K | 1.91M | 1.67M | 1.94M | 3.6M | 902K | 300K |
| Pretax Margin % | -1.97% | 8.94% | 0.36% | -5.27% | -8.65% | 8.22% | 18.86% | -22.81% | -1.4% | 11.68% | 14.81% | 24.67% | 5.13% | 4.02% | 12.51% | 11.36% | 13.49% | 19.73% | 6.1% | 2.53% |
| Income Tax | 3K | 128K | -3K | -26K | -30K | -126K | 10K | 76K | 0 | -16K | 0 | 0 | 0 | 14K | 0 | 0 | 0 | -71K | 22K | 44K |
| Effective Tax Rate % | -1.02% | 9.67% | -5.88% | 3.74% | 2.64% | -11.58% | 0.44% | -3.13% | 0% | -0.82% | 0% | 0% | 0% | 2.22% | 0% | 0% | 0% | -1.97% | 2.44% | 14.67% |
| Net Income | -296K | 1.2M | 54K | -670K | -1.11M | 1.21M | 2.27M | -2.5M | -202K | 1.97M | 2.44M | 3.88M | 761K | 616K | 1.91M | 1.67M | 1.94M | 3.67M | 880K | 256K |
| Net Margin % | -1.99% | 8.08% | 0.38% | -5.08% | -8.42% | 9.17% | 18.78% | -23.52% | -1.4% | 11.78% | 14.81% | 24.67% | 5.13% | 3.93% | 12.51% | 11.36% | 13.49% | 20.12% | 5.95% | 2.16% |
| Net Income Growth % | 73.24% | -1.48% | -97.62% | 73.22% | -447.52% | -38.31% | -6.85% | -164.4% | -126.54% | 219.48% | 27.84% | 132.5% | -60.67% | -83.2% | 116.7% | 552.73% | 520.65% | 330.48% | 122.59% | 119.78% |
| Net Income (Continuing) | -296K | 1.2M | 54K | -670K | -1.11M | 1.21M | 2.27M | -2.5M | -202K | 1.97M | 2.44M | 3.88M | 761K | 616K | 1.91M | 1.67M | 1.94M | 3.67M | 880K | 256K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.01 | 0.05 | 0.00 | -0.03 | -0.05 | 0.05 | 0.10 | -0.12 | -0.01 | 0.09 | 0.11 | 0.18 | 0.04 | 0.03 | 0.09 | 0.08 | 0.09 | 0.18 | 0.04 | 0.01 |
| EPS Growth % | 74.4% | -8.39% | -97.7% | 75.17% | - | -39.71% | -9.09% | -166.67% | -126.03% | 201.99% | 18.53% | 125% | -60.92% | -83.28% | 132% | 700% | 487.55% | 314.29% | 119.05% | 114.49% |
| EPS (Basic) | -0.01 | 0.05 | 0.00 | -0.03 | -0.05 | 0.06 | 0.10 | -0.12 | -0.01 | 0.09 | 0.12 | 0.19 | 0.04 | 0.03 | 0.09 | 0.08 | 0.10 | 0.19 | 0.05 | 0.01 |
| Diluted Shares Outstanding | 23.14M | 23.85M | 23.15M | 22.5M | 22.19M | 22.06M | 21.99M | 21.57M | 21.25M | 21.64M | 21.83M | 21.23M | 20.83M | 20.37M | 20.54M | 20.42M | 20.73M | 19.91M | 19.91M | 19.73M |
| Basic Shares Outstanding | 23.14M | 22.9M | 22.67M | 22.5M | 22.19M | 22.06M | 21.77M | 21.57M | 21.25M | 21.64M | 20.85M | 20.66M | 20.45M | 20.37M | 20.21M | 20.07M | 19.9M | 19.51M | 19.51M | 19.31M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |