Everspin Technologies, Inc. (MRAM) Revenue History
Annual and quarterly revenue from 2014 to present
MRAM Revenue Over Time (2014–2025)
MRAM Revenue Growth History
9 of 11 years with positive growth- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- +6.6%
- FY2016 revenue growth
- +2.1%
- FY2017 revenue growth
- +32.6%
- FY2018 revenue growth
- +37.5%
- FY2019 revenue growth
- -24.1%
- FY2020 revenue growth
- +12.1%
- FY2021 revenue growth
- +31.2%
- FY2022 revenue growth
- +8.8%
- FY2023 revenue growth
- +6.3%
- FY2024 revenue growth
- -21.0%
- FY2025 revenue growth
- +9.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $14.9M | +13.2% |
| Q4 2025 | $14.8M | +11.8% |
| Q3 2025 | $14.1M | +16.3% |
| Q2 2025 | $13.2M | +24.1% |
| Q1 2025 | $13.1M | -9.0% |
| Q4 2024 | $13.2M | -20.7% |
| Q3 2024 | $12.1M | -26.6% |
| Q2 2024 | $10.6M | -32.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MRAM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MRAM Revenue Analysis (2014–2025)
Current Revenue & Growth
As of June 22, 2026, Everspin Technologies, Inc. (MRAM) generated trailing twelve-month (TTM) revenue of $56.9 million, reflecting strong growth of +13.2% year-over-year. The most recent quarter (Q1 2026) recorded $14.9 million in revenue, up 0.5% sequentially.
Historical Growth Trajectory
MRAM's 5-year compound annual growth rate (CAGR) stands at +5.6%, indicating steady revenue expansion. The 3-year CAGR of -2.7% is below the 5-year average, signalling a growth deceleration in recent years. Everspin Technologies, Inc.'s highest annual revenue of $63.8 million was recorded in 2023.
Revenue by Segment
MRAM's revenue is primarily driven by Product (87%), Product and Service, Other (9%), and License (2%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including LYTS (+13.2% YoY), SIMO (+10.2% YoY), and IMOS (+9.1% YoY) — MRAM has underperformed the peer group in revenue growth. Compare MRAM vs LYTS →
MRAM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MRAMCurrent | $57M | +13.2% | +5.6% | -11.8% | |
 LYTS | $573M | +13.2% | +13.4% | 6.2% | |
 SIMO | $886M | +10.2% | +10.4% | 10.5% | |
 IMOS | $24.1B | +9.1% | +0.9% | 3.8% | |
 MU | $37.4B | +85.5% | +11.8% | 26.4% | |
 WDC | $9.5B | +9.1% | -10.7% | 24.5% |
MRAM Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $55.2M | +9.5% | $28.2M | 51.2% | $-6,508,000 | -11.8% |
| 2024 | $50.4M | -21.0% | $26.1M | 51.8% | $-7,091,000 | -14.1% |
| 2023 | $63.8M | +6.3% | $37.2M | 58.4% | $5.9M | 9.2% |
| 2022 | $60.0M | +8.8% | $33.9M | 56.6% | $6.2M | 10.4% |
| 2021 | $55.1M | +31.2% | $33.1M | 60.0% | $5.0M | 9.1% |
| 2020 | $42.0M | +12.1% | $18.1M | 43.0% | $-7,563,000 | -18.0% |
| 2019 | $37.5M | -24.1% | $18.3M | 48.9% | $-14,412,000 | -38.4% |
| 2018 | $49.4M | +37.5% | $25.3M | 51.3% | $-17,321,000 | -35.1% |
| 2017 | $35.9M | +32.6% | $21.5M | 59.8% | $-20,208,000 | -56.2% |
| 2016 | $27.1M | +2.1% | $15.0M | 55.5% | $-15,174,000 | -56.0% |
| 2015 | $26.5M | +6.6% | $14.0M | 52.7% | $-17,536,000 | -66.1% |
| 2014 | $24.9M | - | $13.1M | 52.6% | $-9,918,000 | -39.8% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
12+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MRAM — Frequently Asked Questions
Quick answers to the most common questions about buying MRAM stock.
Is MRAM's revenue growth accelerating or slowing?
MRAM revenue growth is holding steady at +13.2% year-over-year. TTM revenue is $57M. The current growth rate closely tracks the 5-year CAGR of +5.6%, signalling consistent execution.
What is MRAM's revenue history from 2014 to 2026?
Everspin Technologies, Inc. (MRAM) revenue history spans 2014 to 2026. TTM revenue as of 2026 is $57M, growing at +13.2% YoY. The 5-year CAGR is +5.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MRAM's long-term revenue growth rate (CAGR)?
Everspin Technologies, Inc.'s 5-year revenue CAGR of +5.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +13.2% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MRAM.
Why does MRAM's quarterly revenue fluctuate?
MRAM quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Everspin Technologies, Inc.'s revenue data from 2014 to 2026 shows full historical quarterly detail on this page.
How is MRAM's revenue distributed by segment?
MRAM reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MRAM's revenue compare to industry peers?
Everspin Technologies, Inc. (MRAM) with TTM revenue of $57M and +13.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.