Filing Flows › Everspin Technologies (MRAM) › Q1 2025
Everspin Technologies (MRAM) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Everspin Technologies (MRAM) reported revenue of $13.1M for the first quarter 2025 (Q1 2025), -9% from a year earlier and -0.8% from the quarter before. Operating margin was -14.7%, net loss $1.2M (8.9% of revenue).
Everspin Technologies, Q1 2025: revenue $13.1M (-9% year over year), operating margin -14.7%, net loss $1.2M, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.1M | -0.8% | -9% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | $1.4M | -62% | — |
| Free cash flow | $527K | -75% | — |
What changed
Revenue was $13.1M in Q1 2025, down 9% year over year and down 1% from the previous quarter. Product sales was the largest line at 84% of revenue. Licensing lost $2.7M year over year (down 84%), 210% of the total change.
Gross margin was 51.4%, down 5.1 points from a year earlier. Operating costs exceeded revenue by $1.9M, an operating margin of -14.7%. Operating expenses fell 1% while revenue fell 9%. The fastest-growing cost line was Sales & marketing (+14%). The quarter ended with a net loss of $1.2M, after a profit of $1.2M the previous quarter. Non-operating items added $796K, -70% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.4M. Non-cash charges added back $846K of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $183K. Capital expenditures of $913K left free cash flow of $527K.
Questions
What was Everspin Technologies' revenue in the first quarter 2025?
Everspin Technologies (MRAM) reported revenue of $13.1M for the first quarter 2025 (Q1 2025), -9% from a year earlier and -0.8% from the quarter before.
Was Everspin Technologies profitable in the first quarter 2025?
Operating loss was $1.9M (-14.7% of revenue) and net loss $1.2M.