Filing Flows › Everspin Technologies (MRAM) › Q2 2025
Everspin Technologies (MRAM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Everspin Technologies (MRAM) reported revenue of $13.2M for the second quarter 2025 (Q2 2025), +24% from a year earlier and +0.5% from the quarter before. Operating margin was -14.9%, net loss $670K (5.1% of revenue).
Everspin Technologies, Q2 2025: revenue $13.2M (+24% year over year), operating margin -14.9%, net loss $670K, operating cash flow $5.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.2M | +0.5% | +24% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$670K | — | — |
| Operating cash flow | $5.0M | +248% | +191% |
| Free cash flow | $3.0M | +474% | +79% |
What changed
Revenue was $13.2M in Q2 2025, up 24% year over year and roughly flat from the previous quarter. Product sales was the largest line at 84% of revenue. Product sales added $1.2M year over year (up 12%), 47% of the total change.
Gross margin was 51.3%, up 2.2 points from a year earlier. Operating costs exceeded revenue by $2.0M, an operating margin of -14.9%. Operating expenses grew 9% against revenue growth of 24%. The fastest-growing cost line was Sales & marketing (+14%). The quarter ended with a net loss of $670K, narrower than the previous quarter's $1.2M loss. Non-operating items added $1.3M, -182% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.0M (up 191% year over year). Non-cash charges added back $849K of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $3.4M. Capital expenditures of $2.0M left free cash flow of $3.0M.
Questions
What was Everspin Technologies' revenue in the second quarter 2025?
Everspin Technologies (MRAM) reported revenue of $13.2M for the second quarter 2025 (Q2 2025), +24% from a year earlier and +0.5% from the quarter before.
Was Everspin Technologies profitable in the second quarter 2025?
Operating loss was $2.0M (-14.9% of revenue) and net loss $670K.