Everspin Technologies, Inc. (MRAM) Revenue History
Annual and quarterly revenue from 2014 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
MRAM's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
MRAM Revenue Analysis (2014–2024)
As of February 28, 2026, Everspin Technologies, Inc. (MRAM) generated trailing twelve-month (TTM) revenue of $53.6 million, reflecting strong growth of +16.3% year-over-year. The most recent quarter (Q3 2025) recorded $14.1 million in revenue, up 6.5% sequentially.
Looking at the longer-term picture, MRAM's 5-year compound annual growth rate (CAGR) stands at +6.1%, 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 (84%), License (13%), and Product and Service, Other (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 MU (+45.4% YoY), SIMO (+10.3% YoY), and GSIT (+22.0% YoY), MRAM has underperformed the peer group in terms of revenue growth. Compare MRAM vs MU →
Peer Comparison
Compare MRAM's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MRAMCurrent | $54M | +16.3% | +6.1% | -14.1% | |
| MU | $37.4B | +45.4% | +11.8% | 26.4% | |
| SIMO | $886M | +10.3% | +10.4% | 10.5% | |
| GSIT | $21M | +22.0% | -13.9% | -52.8% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonFrequently Asked Questions
Is MRAM's revenue growth accelerating or slowing?
MRAM revenue is accelerating at +16.3% year-over-year, exceeding the 5-year CAGR of +6.1%. TTM revenue reached $54M. Growth momentum has increased versus prior periods.
What is MRAM's long-term revenue growth rate?
Everspin Technologies, Inc.'s 5-year revenue CAGR of +6.1% reflects the sustained expansion pattern. Current YoY growth of +16.3% is above 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 2014-2024 are available for download. Segment mix reveals concentration and diversification trends.