MRAMEVERSPIN TECHNOLOGIES INC.(MRAM)Stock Analysis

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SEC EDGAR: CIK 1438423MRAM stock profile & AI dashboard →

13F Pro Quality Score

25.3/100

Rank #2,549 of 2,879 stocks

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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

18.7/100

Profitability

23.6/100

Balance Sheet

28.6/100

Earnings Quality

30.0/100

Free Cash Flow

35.5/100

Institutional Flow

61.8/100

Revenue Scale

12.1/100

Dilution Risk

16.4/100

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.

Fun facts about EVERSPIN TECHNOLOGIES INC.

Quirks, history, and lore behind MRAM — the kind of stuff that makes a stock memorable.

  • 1
    The Basics
    U.S. semiconductor company · small-cap · listed on Nasdaq · headquartered in Arizona.
  • 2
    The Numbers
    Annual revenue in the range of tens of millions of dollars — niche but mighty — serving customers who need memory that survives power loss and extreme conditions.
  • 3
    The History
    Spun out of Freescale Semiconductor in the late 2000s, it inherited years of research into a memory technology that had been a Pentagon-funded dream for decades.
  • 4
    The Secret
    Its chips store data using magnetic tunnel junctions rather than electrical charge — meaning the memory is non-volatile, fast, and virtually indestructible.
  • 5
    The Lore
    It holds a commanding portfolio of patents in magnetoresistive RAM — a technology so promising that Elon Musk's space hardware, industrial robots, and mission-critical systems quietly depend on it.
  • 6
    The Giveaway
    The world's only publicly traded pure-play MRAM manufacturer — its very ticker symbol is the acronym for the memory technology it literally invented the market for.
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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% YoY
$55.2MFY 2025
FY21 $55.1MFY22 $60.0MFY23 $63.8MFY25 $55.2M

Net Income

-106.5% YoY
$-586.0KFY 2025
FY21 $4.3MFY22 $6.1MFY23 $9.1MFY25 $-586.0K

Operating Income

-210.6% YoY
$-6.5MFY 2025
FY21 $5.0MFY22 $6.2MFY23 $5.9MFY25 $-6.5M

EPS (Diluted)

-107.1% YoY
$-0.03FY 2025
FY21 $0.22FY22 $0.29FY23 $0.42FY25 $-0.03

Total Assets

+25.7% YoY
$84.6MFY 2025
FY21 $39.4MFY22 $55.3MFY23 $67.3MFY25 $84.6M

Total Debt

$1.8MFY 2025
FY21 $4.9MFY22 $2.6MFY23 FY25 $1.8M

Op. Cash Flow

-24.1% YoY
$10.0MFY 2025
FY21 $9.4MFY22 $9.5MFY23 $13.1MFY25 $10.0M

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.

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Available Research

13F Pro tracks comprehensive data for EVERSPIN TECHNOLOGIES INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)
XBRL financial facts (revenue, EPS, margins)
Insider transactions (Form 4)
Institutional 13F holdings
Quality rankings (32 signals)
AI analyst debates & daily meetings
Historical financial trends
Peer comparison & sector analysis

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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.