Everspin Technologies Inc. income statement
In fiscal 2025, Everspin Technologies Inc. reported revenue of $55.2m, up 9.5% on the year before, operating income of −$6.5m (a -11.8% margin) and net income of −$586,000, or −$0.03 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 25 | 27 | 27 | 36 | 49 | 38 | 42 | 55 | 60 | 64 | 50 | 55 | 62 |
| Cost of revenue | — | — | — | 14 | 24 | 19 | 24 | 22 | 26 | 27 | 24 | 27 | 30 |
| Gross profit | 13 | 14 | 15 | 21 | 25 | 18 | 18 | 33 | 34 | 37 | 26 | 28 | 33 |
| Research and development | 13 | 21 | 19 | 25 | 24 | 14 | 11 | 13 | 11 | 12 | 14 | 14 | 16 |
| Selling and marketing | 3 | 4 | 4 | 5 | 6 | 5 | 4 | 4 | 5 | 5 | 5 | 6 | 7 |
| General and administrative | 7 | 7 | 7 | 12 | 13 | 12 | 11 | 11 | 12 | 14 | 14 | 15 | 20 |
| Operating income | −10 | −18 | −16 | −20 | −17 | −14 | −8 | 5 | 6 | 6 | −7 | −7 | −10 |
| Interest expense | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | — | — | — |
| Income before tax | — | — | — | — | — | −15 | −8 | 4 | 6 | 9 | 1 | −0 | −3 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −0 | −0 | 0 | 0 |
| Net income | −10 | −18 | −17 | −21 | −18 | −15 | −9 | 4 | 6 | 9 | 1 | −1 | −3 |
| Diluted EPS | −$4.00 | −$7.12 | −$3.53 | −$1.69 | −$1.08 | −$0.85 | −$0.45 | $0.22 | $0.29 | $0.42 | $0.04 | −$0.03 | −$0.11 |
| Diluted shares (average) | 3m | 3m | 5m | 12m | 16m | 17m | 19m | 20m | 21m | 21m | 22m | 23m | 23m |
| EBITDA | −8 | −16 | −15 | −19 | −16 | −13 | −6 | 6 | 7 | 7 | −5 | −3 | −7 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 13 | 13 | 13 | 14 | 15 | 15 | 19 |
| Cost of revenue | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 9 |
| Gross profit | 6 | 7 | 7 | 7 | 7 | 8 | 8 | 10 |
| Research and development | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 |
| Selling and marketing | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 |
| General and administrative | 3 | 3 | 4 | 4 | 4 | 3 | 5 | 8 |
| Operating income | −2 | −2 | −2 | −2 | −2 | −1 | −3 | −4 |
| Income before tax | 2 | 1 | −1 | −1 | 0 | 1 | −0 | −4 |
| Income tax | 0 | −0 | 0 | −0 | −0 | 0 | 0 | 0 |
| Net income | 2 | 1 | −1 | −1 | 0 | 1 | −0 | −4 |
| Diluted EPS | $0.10 | $0.06 | −$0.05 | −$0.03 | $0.00 | $0.05 | −$0.01 | −$0.15 |
| EBITDA | −2 | −1 | −1 | −1 | −1 | −0 | −2 | −4 |
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