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Tigo Energy vs Everspin Technologies: TYGO and MRAM compared
Tigo Energy is the larger company: $24.0M of revenue in its latest quarter (Q3 2026) against $20.6M for Everspin Technologies (Q3 2026). Everspin Technologies is growing faster (+47% against -22% a year earlier). Tigo Energy is more profitable, with an operating margin of -0.3% against -38.4%.
Where the money goes: TYGO and MRAM
Tigo Energy (TYGO) · Q3 2026
Tigo Energy, Q3 2026: revenue $24.0M (-22% year over year), operating margin -0.3%, net earnings $361K, operating cash flow $2.0M. The chart follows the revenue to costs, profit and cash.
Everspin Technologies (MRAM) · Q3 2026
Everspin Technologies, Q3 2026: revenue $20.6M (+47% year over year), operating margin -38.4%, net loss $7.2M, operating cash flow $863K. The chart follows the revenue to costs, profit and cash.
| Tigo Energy (TYGO) | Everspin Technologies (MRAM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $24.0M | $20.6M |
| Revenue growth, Y/Y | -22% | +47% |
| Operating margin | -0.3% | -38.4% |
| Net earnings | $361K | −$7.2M |
| Net margin | 1.5% | -34.7% |
| Operating cash flow | $2.0M | $863K |
| Free cash flow | $1.9M | — |
| Market value | — | $393M |
| Analysts’ mean target | — | $25.50 |
Where the revenue comes from
Everspin Technologies
- Product sales: $16.9M (82%)
- Licensing, royalty, engineering services and other revenue: $3.7M (18%)
Questions
Which is bigger, Tigo Energy or Everspin Technologies?
Tigo Energy is the larger company: $24.0M of revenue in its latest quarter (Q3 2026) against $20.6M for Everspin Technologies (Q3 2026).
Is Tigo Energy or Everspin Technologies growing faster?
Everspin Technologies is growing faster (+47% against -22% a year earlier).
Which is more profitable, Tigo Energy or Everspin Technologies?
Tigo Energy is more profitable, with an operating margin of -0.3% against -38.4%.
More: Tigo Energy earnings · how Tigo Energy makes money · Everspin Technologies earnings · how Everspin Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 8-K filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.