Filing Flows › Everspin Technologies (MRAM) › Q4 2025
Everspin Technologies (MRAM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Everspin Technologies (MRAM) reported revenue of $14.8M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +5% from the quarter before. Operating margin was -7.2%, net earnings $1.2M (8.1% of revenue).
Everspin Technologies, Q4 2025: revenue $14.8M (+12% year over year), operating margin -7.2%, net earnings $1.2M, operating cash flow $2.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.8M | +5% | +12% |
| Operating profit | −$1.1M | — | — |
| Net earnings | $1.2M | 22× | — |
| Operating cash flow | $2.6M | +198% | -32% |
What changed
Revenue was $14.8M in Q4 2025, up 12% year over year and up 5% from the previous quarter. Product sales was the largest line at 91% of revenue.
Gross margin was 50.8%, down 0.6 points from a year earlier. Operating costs exceeded revenue by $1.1M, an operating margin of -7.2%. Operating expenses grew 3% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $1.2M, down 1% year over year. The effective tax rate was 9.7%. Non-operating items added $2.4M, 181% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.6M (down 32% year over year), 219% of net earnings. Non-cash charges added back $651K of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $596K. Capital expenditures of $3.6M exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Everspin Technologies' revenue in the fourth quarter 2025?
Everspin Technologies (MRAM) reported revenue of $14.8M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +5% from the quarter before.
Was Everspin Technologies profitable in the fourth quarter 2025?
Operating loss was $1.1M (-7.2% of revenue) and net earnings $1.2M.