EVERSPIN TECHNOLOGIES INC. (MRAM) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	69.1M	55.2M	50.4M	63.8M	60.0M
Cost of Revenue	33.0M	27.0M	24.3M	26.5M	26.0M
Gross Profit	36.1M	28.2M	26.1M	37.2M	33.9M
Operating Expenses
R&D Expense	15.6M	14.1M	13.7M	11.8M	11.1M
SG&A Expense	36.6M	20.7M	19.5M	19.6M	16.6M
General & Admin Expense	29.3M	14.6M	14.1M	14.3M	11.7M
Selling & Marketing Expense	7.3M	6.1M	5.4M	5.3M	4.9M
Other Expenses	—	—	—	—	—
Total Operating Expenses	52.2M	34.8M	33.2M	31.4M	27.7M
Cost and Expenses	85.2M	61.7M	57.5M	57.9M	53.8M
Operating Income (EBIT)	(16.1M)	(6.5M)	(7.1M)	5.9M	6.2M
Non-Operating
Interest Income	1.4M	1.6M	1.8M	—	—
Interest Expense	—	—	—	63.0K	274.0K
Net Interest Income	1.4M	1.6M	1.8M	(63.0K)	(274.0K)
Other Non-Op Income/Expense	6.4M	6.1M	7.8M	3.2M	(84.0K)
Non-Operating Income (excl Interest)	(6.4M)	(6.1M)	(7.8M)	(3.2M)	(190.0K)
EBT (Pre-Tax Income)	(9.7M)	(457.0K)	741.0K	9.0M	6.1M
Income Tax Expense	141.0K	129.0K	(40.0K)	(16.0K)	14.0K
Bottom Line
Net Income	(9.9M)	(586.0K)	781.0K	9.1M	6.1M
Earnings from Cont. Ops	(9.9M)	(586.0K)	781.0K	9.1M	6.1M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(9.9M)	(586.0K)	781.0K	9.1M	6.1M
Per Share
Basic EPS	($0.40)	($0.03)	$0.04	$0.44	$0.30
Diluted EPS	($0.40)	($0.03)	$0.04	$0.42	$0.29
Revenue Per Share	$2.83	$2.45	$2.33	$3.07	$2.98
Shares
Basic Shares Outstanding	24.4M	22.6M	21.6M	20.7M	20.1M
Diluted Shares Outstanding	24.4M	22.6M	22.2M	21.4M	20.8M
Profitability Metrics
EBITDA	(7.0M)	2.8M	2.5M	10.3M	7.4M
D&A	2.8M	3.2M	1.7M	1.2M	982.0K
EBIT	(9.7M)	(457.0K)	741.0K	9.1M	6.4M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026