📊 MRAM Key Takeaways
Is Everspin Technologies Inc.. (MRAM) a Good Investment?
Everspin demonstrates operational distress with an unprofitable core business (operating margin -18.3%) and negative free cash flow of -$3.8M, despite modest 9.5% revenue growth. While a fortress balance sheet ($40.5M cash, 0.00x D/E) provides near-term runway, the company shows no clear path to profitability and is burning cash operationally—unsustainable without significant revenue acceleration or cost restructuring.
Everspin exhibits solid fundamentals with 51% gross margins, a cash-rich, debt-free balance sheet, and positive free cash flow despite GAAP losses. Modest 9.5% revenue growth and strong operating cash generation suggest a path back to sustained profitability as operating expenses normalize.
Why Buy Everspin Technologies Inc.. Stock? MRAM Key Strengths
- Fortress balance sheet with $40.5M cash and minimal debt ($16K long-term)
- Excellent liquidity metrics (5.76x current ratio, 4.74x quick ratio)
- Healthy gross margin of 52.7% indicates viable core product economics
- Positive revenue growth of 9.5% YoY demonstrates market demand
- Debt-free balance sheet with $44.5M cash and strong liquidity
- High gross margin (~51%) indicating product differentiation
- Positive operating and free cash flow despite near-breakeven net income
MRAM Stock Risks: Everspin Technologies Inc.. Investment Risks
- Operating losses of -$2.7M with -18.3% operating margin showing systematic unprofitability
- Negative free cash flow of -$3.8M despite positive OCF indicates unsustainable cost structure
- High operating expense ratio (~70% of revenue) suggests bloated fixed cost base relative to small revenue scale
- Modest 9.5% growth insufficient to achieve profitability at current cost levels
- Negative ROE and ROA (-0.4%) demonstrate capital inefficiency
- Negative operating income and net margin signal execution risk
- Small scale in a cyclical industry increases volatility and concentration risk
- Capex and technology transitions may pressure cash flow and margins
Key Metrics to Watch
- Operating expense absolute reductions and OpEx as % of revenue
- Revenue growth acceleration required to exceed 15-20% to support current cost base
- Free cash flow inflection point—when will company return to positive FCF
- Gross profit absolute growth versus operating expense trends
- Operating margin
- Free cash flow margin
Everspin Technologies Inc.. (MRAM) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 5.76x current ratio provides a solid financial cushion.
MRAM Profit Margin, ROE & Profitability Analysis
MRAM vs Technology Sector: How Everspin Technologies Inc.. Compares
How Everspin Technologies Inc.. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Everspin Technologies Inc.. Stock Overvalued? MRAM Valuation Analysis 2026
Based on fundamental analysis, Everspin Technologies Inc.. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Everspin Technologies Inc.. Balance Sheet: MRAM Debt, Cash & Liquidity
MRAM Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Everspin Technologies Inc..'s revenue has shown modest growth of 0% over the 5-year period. The most recent EPS of $0.04 reflects profitable operations.
MRAM Revenue Growth, EPS Growth & YoY Performance
MRAM Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $13.1M | -$296.0K | $-0.01 |
| Q3 2025 | $12.1M | $54.0K | $0.00 |
| Q2 2025 | $10.6M | -$202.0K | $-0.03 |
| Q1 2025 | $13.1M | -$202.0K | $-0.01 |
| Q3 2024 | $12.1M | -$202.0K | $-0.02 |
| Q2 2024 | $10.6M | -$202.0K | $-0.12 |
| Q1 2024 | $14.4M | -$202.0K | $-0.01 |
| Q3 2023 | $15.2M | $761.0K | $0.09 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Everspin Technologies Inc.. Dividends, Buybacks & Capital Allocation
MRAM SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Everspin Technologies Inc.. (CIK: 0001438423)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| May 15, 2026 | 4 | xslF345X06/wk-form4_1778886210.xml | View → |
| May 13, 2026 | 4 | xslF345X06/wk-form4_1778704755.xml | View → |
| May 7, 2026 | 4 | xslF345X06/wk-form4_1778192375.xml | View → |
| May 7, 2026 | 4 | xslF345X06/wk-form4_1778192086.xml | View → |
| May 5, 2026 | 4 | xslF345X06/wk-form4_1778016363.xml | View → |
❓ Frequently Asked Questions about MRAM
What is the AI rating for MRAM?
Everspin Technologies Inc.. (MRAM) has a Combined AI Rating of HOLD from Claude (SELL) and ChatGPT (BUY) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MRAM's key strengths?
Claude: Fortress balance sheet with $40.5M cash and minimal debt ($16K long-term). Excellent liquidity metrics (5.76x current ratio, 4.74x quick ratio). ChatGPT: Debt-free balance sheet with $44.5M cash and strong liquidity. High gross margin (~51%) indicating product differentiation.
What are the risks of investing in MRAM?
Claude: Operating losses of -$2.7M with -18.3% operating margin showing systematic unprofitability. Negative free cash flow of -$3.8M despite positive OCF indicates unsustainable cost structure. ChatGPT: Negative operating income and net margin signal execution risk. Small scale in a cyclical industry increases volatility and concentration risk.
What is MRAM's revenue and growth?
Everspin Technologies Inc.. reported revenue of $14.9M.
Does MRAM pay dividends?
Everspin Technologies Inc.. does not currently pay dividends.
Where can I find MRAM SEC filings?
Official SEC filings for Everspin Technologies Inc.. (CIK: 0001438423) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MRAM's EPS?
Everspin Technologies Inc.. has a diluted EPS of $-0.01.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MRAM a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Everspin Technologies Inc.. has a HOLD rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is MRAM stock overvalued or undervalued?
Valuation metrics for MRAM: ROE of -0.4% (sector avg: 22%), net margin of -2.0% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy MRAM stock in 2026?
Our dual AI analysis gives Everspin Technologies Inc.. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MRAM's free cash flow?
Everspin Technologies Inc..'s operating cash flow is $570.0K, with capital expenditures of $4.4M. FCF margin is -25.5%.
How does MRAM compare to other Technology stocks?
Vs Technology sector averages: Net margin -2.0% (avg: 18%), ROE -0.4% (avg: 22%), current ratio 5.76 (avg: 2.5).