MRAM
Everspin Technologies, Inc.
MRAM lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
MRAM Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Weak | |
| Strong |
MRAM's revenue and balance sheet are currently strong, but its profitability and cash flow are weak.
MRAM PE Valuation
MRAM has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 105x next year's earnings.
MRAM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect MRAM to return to profit, with revenue growing. However, they disagree widely on these estimates.
MRAM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.12 | — |
| Q2 2026 | -$0.11 | -222% |
| Q1 2026 | $0.01 | +$0.01 |
| Q4 2025 | -$0.03 | -175% |
| Q3 2025 | -$0.01 | -117% |
| Q2 2025 | $0.09 | +29% |
| Q1 2025 | $0.00 | -100% |
| Q4 2024 | $0.04 | -90% |
| Q3 2024 | $0.06 | -83% |
MRAM has swung to a loss: it lost $0.11 per share over the past year, after a profit the year before.
MRAM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $18.7M | +42% |
| Q1 2026 | $14.9M | +13% |
| Q4 2025 | $14.8M | +12% |
| Q3 2025 | $14.1M | +16% |
| Q2 2025 | $13.2M | +24% |
| Q1 2025 | $13.1M | -9% |
| Q4 2024 | $13.2M | -21% |
| Q3 2024 | $12.1M | -27% |
MRAM's revenue has grown year over year for five quarters in a row: $19M last quarter, up 42% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -23% | -8.5 points |
| Q1 2026 | -18% | -3.6 points |
| Q4 2025 | -7.2% | +4.5 points |
| Q3 2025 | -11% | +6.5 points |
| Q2 2025 | -15% | +12 points |
| Q1 2025 | -15% | -11 points |
| Q4 2024 | -12% | -21 points |
| Q3 2024 | -17% | -30 points |
MRAM's operating margin was −23% last quarter, down 8.5 points from the same quarter a year ago.
MRAM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$1.2M | -138% |
| Q1 2026 | -$3.8M | -818% |
| Q4 2025 | -$975K | -147% |
| Q3 2025 | $543K | -80% |
| Q2 2025 | $3M | +79% |
| Q1 2025 | $527K | +$3M |
| Q4 2024 | $2.1M | +21% |
| Q3 2024 | $2.8M | -22% |
MRAM's free cash flow was −$5M over the past year, against $8M the year before.
MRAM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.2% | +745K shares |
| 1 year | +6.1% | +1.4M shares |
| 3 years | +12% | +2.6M shares |
| 5 years | +21% | +4.2M shares |
| Available history | +38% | +6.6M shares |
MRAM has 24M diluted shares, up 6.1% from a year ago.
MRAM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2024 | -24.0x | Net Cash |
| Q1 2024 | -5.9x | Net Cash |
| Q4 2022 | -3.4x | Net Cash |
| Q3 2022 | -1.9x | Net Cash |
| Q2 2022 | -2.0x | Net Cash |
| Q1 2022 | -1.8x | Net Cash |
| Q4 2021 | -2.5x | Net Cash |
| Q3 2021 | -5.9x | Net Cash |
MRAM has more cash than debt.
MRAM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.5 | Neutral |
| Stochastic | 19.9 | Oversold |
MRAM's weekly RSI is 44 (neutral) and its Stochastic is 20 (oversold).
MRAM PE vs Technology Sector
| Metric | MRAM | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
MRAM has no meaningful PE right now: it lost money over the past year.
MRAM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.7 | 12% below |
| 20 week MA | $15.8 | 18% below |
| 50 week MA | $15.7 | 17% below |
| 100 week MA | $11.2 | 16% above |
| 200 week MA | $9.38 | 38% above |
MRAM has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 38% above its 200-week average.
MRAM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.38 | $4.64 | -14% |
| 2021 | $4.64 | $11.1 | +139% |
| 2022 | $11.1 | $5.27 | -53% |
| 2023 | $5.27 | $9.04 | +72% |
| 2024 | $9.04 | $6.57 | -27% |
| 2025 | $6.57 | $9.38 | +43% |
| 2026 YTD | $9.38 | $12.9 | +38% |
MRAM's yearly returns have swung widely, from +139% in 2021 to −53% in 2022. It's up 38% so far in 2026.