EVERSPIN TECHNOLOGIES INC.(MRAM)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Rank #2,549 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
MRAM Stock Analysis & AI Quality Score
AI stock analysis and institutional research for EVERSPIN TECHNOLOGIES INC. (MRAM), a Technology sector company. 13F Pro's AI-powered ranking engine scores MRAM at 25.3/100 on a 32-signal composite quality model, placing it at rank #2,549 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include revenue scale (12.1) and revenue growth (18.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 16.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), EVERSPIN TECHNOLOGIES INC. reports quarterly revenue of $14.9M, net income of $-296.0K, free cash flow of $-3.8M. Top institutional holders of MRAM by reported 13-F value include AWM Investment Company,, Lynrock Lake, MARSHALL WACE, LLP, based on the most recent SEC filings. MRAM trades on the Nasdaq exchange and files with the SEC under CIK 1438423. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MRAM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EVERSPIN TECHNOLOGIES INC. directly from SEC EDGAR. EVERSPIN TECHNOLOGIES INC.'s 13F Pro composite quality score has ranged between 15 and 62 since 2021, currently 25.3 — an improving long-term trajectory across 30 quarterly and live scoring snapshots.
Revenue
Q1 2026
$14.9M
Net Income
Q1 2026
$-296.0K
Free Cash Flow
Q1 2026
$-3.8M
ROIC
Q1 2026
-3.9%
D/E Ratio
Q1 2026
0.02
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-13.4% YoYNet Income
-106.5% YoYOperating Income
-210.6% YoYEPS (Diluted)
-107.1% YoYTotal Assets
+25.7% YoYTotal Debt
Op. Cash Flow
-24.1% YoY| Metric | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $55.2M -13.4% | $63.8M +6.3% | $60.0M +8.8% | $55.1M +31.2% | $42.0M +12.1% | $37.5M |
| Net Income | $-586.0K -106.5% | $9.1M +47.7% | $6.1M +41.1% | $4.3M +151.0% | $-8.5M +42.0% | $-14.7M |
| Operating Income | $-6.5M -210.6% | $5.9M -5.5% | $6.2M +23.7% | $5.0M +166.6% | $-7.6M +47.5% | $-14.4M |
| EPS (Diluted) | $-0.03 -107.1% | $0.42 +44.8% | $0.29 +31.8% | $0.22 +148.9% | $-0.45 | — |
| Total Assets | $84.6M +25.7% | $67.3M +21.6% | $55.3M +40.5% | $39.4M +21.1% | $32.5M -8.0% | $35.4M |
| Total Debt | $1.8M | — | $2.6M -47.1% | $4.9M -38.7% | $8.0M +2.2% | $7.8M |
| Operating Cash Flow | $10.0M -24.1% | $13.1M +38.3% | $9.5M +1.4% | $9.4M +420.2% | $-2.9M +64.0% | $-8.1M |
AI Insight: MRAM Financial Trends
Revenue has grown steadily from $11M in Q2 2024 to $15M in Q1 2026, but operating losses persist across every quarter.
• Revenue expanded 36% from $11M in Q2 2024 to $15M in Q1 2026, showing consistent top-line growth.
• Operating income remained negative every quarter, ranging from -$1M to -$3M, with no sustained improvement.
• Equity strengthened from $55M in Q2 2024 to $70M in Q1 2026, while total debt declined from $4M to $1M.
• Operating cash flow has been volatile, swinging between $1M and $5M each quarter with no clear upward trend.
⚠ Operating loss widened back to -$3M in Q1 2026 after narrowing to -$1M in Q4 2025 — a concerning reversal.
⚠ Revenue growth has plateaued at $15M for two consecutive quarters; acceleration needed to reach operating breakeven.
⚠ Debt reduction to $1M in Q1 2026 is positive, but thin operating cash flow limits financial flexibility.
AI Insight: MRAM Ratio Trends
Operating margin remains deeply negative across all periods, though Q4 2025's -7.2% marked the best quarterly result before Q1 2026 reversed sharply to -18.3%.
• Operating margin improved from -26.5% in Q2 2024 to -7.2% in Q4 2025, but snapped back to -18.3% in Q1 2026.
• ROIC remained negative every quarter, ranging from -20.3% in Q2 2024 to -6.0% in Q4 2025, before deteriorating to -15.2% in Q1 2026.
• Leverage is minimal — D/E fell from 0.06 in Q4 2024 to 0.02 in Q1 2026, indicating a nearly debt-free balance sheet.
• TTM NPM of 0.5% and ROA of 0.3% suggest the trailing twelve months are barely breakeven on a net basis.
⚠ Q1 2026 operating margin collapsed to -18.3% from Q4 2025's -7.2% — the steepest single-quarter deterioration in the dataset.
⚠ Net income swings are extreme quarter-to-quarter (NPM ranging -23.5% to +18.8%), signaling volatile and unpredictable earnings quality.
⚠ Whether Q4 2025's margin improvement (-7.2% OpMargin, -6.0% ROIC) was a genuine inflection or a seasonal anomaly warrants close monitoring.
Get alerted when MRAM's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for EVERSPIN TECHNOLOGIES INC. including:
Top Institutional Holders of MRAM
AWM Investment Company, Inc.
$18.3M2,077,241 shLynrock Lake LP
$8.5M969,635 shMARSHALL WACE, LLP
$7.6M863,962 shVANGUARD CAPITAL MANAGEMENT LLC
$7.1M811,637 shHerald Investment Management Ltd
$5.2M600,000 shD. E. Shaw & Co., Inc.
$4.5M508,831 shDIMENSIONAL FUND ADVISORS LP
$3.6M409,010 shBlackRock, Inc.
$3.1M351,553 shRENAISSANCE TECHNOLOGIES LLC
$2.9M334,367 shQube Research & Technologies Ltd
$2.9M327,912 sh
| Fund | Value | Shares |
|---|---|---|
| AWM Investment Company, Inc. | $18.3M | 2,077,241 |
| Lynrock Lake LP | $8.5M | 969,635 |
| MARSHALL WACE, LLP | $7.6M | 863,962 |
| VANGUARD CAPITAL MANAGEMENT LLC | $7.1M | 811,637 |
| Herald Investment Management Ltd | $5.2M | 600,000 |
| D. E. Shaw & Co., Inc. | $4.5M | 508,831 |
| DIMENSIONAL FUND ADVISORS LP | $3.6M | 409,010 |
| BlackRock, Inc. | $3.1M | 351,553 |
| RENAISSANCE TECHNOLOGIES LLC | $2.9M | 334,367 |
| Qube Research & Technologies Ltd | $2.9M | 327,912 |
More Technology Companies
View all Technology →Put MRAM on your watchlist
Track score changes the day EVERSPIN TECHNOLOGIES INC. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
Is MRAM a good stock to buy?
13F Pro's AI-powered analysis of EVERSPIN TECHNOLOGIES INC. (MRAM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MRAM are available on the MRAM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MRAM?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MRAM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of EVERSPIN TECHNOLOGIES INC.'s investment landscape.