Everspin Technologies, Inc. (MRAM) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MRAM Revenue Growth
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)
As of May 8, 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.
Looking at the longer-term picture, MRAM's 5-year compound annual growth rate (CAGR) stands at +5.6%, indicating steady revenue expansion. The company achieved its highest annual revenue of $63.8 million in 2023.
Revenue diversification analysis shows MRAM's business is primarily driven by Product (87%), Product and Service, Other (9%), and License (2%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including LYTS (+13.2% YoY), SIMO (+10.2% YoY), and IMOS (+31.2% YoY), MRAM has underperformed the peer group in terms of 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 | $22.7B | +31.2% | +2.2% | 5.6% | |
 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% |
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Start ComparisonMRAM — Frequently Asked Questions
Quick answers to the most common questions about buying MRAM stock.
Is MRAM's revenue growth accelerating or slowing?
MRAM maintains +13.2% revenue growth, in line with its 5-year CAGR of +5.6%. TTM revenue stands at $57M. Growth rate remains consistent with historical average.
What is MRAM's long-term revenue growth rate?
Everspin Technologies, Inc.'s 5-year revenue CAGR of +5.6% reflects the sustained expansion pattern. Current YoY growth of +13.2% is near this long-term average.
How is MRAM's revenue distributed by segment?
MRAM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.