Everspin Reports Mixed Q4 & Full-Year 2025 Results, Projects Q1 2026 Revenue of $14.0M-$15.0M
Summary
Everspin Technologies reported Q4 2025 revenue growth of 12% year-over-year, but a full-year GAAP net loss, while providing Q1 2026 revenue guidance.
Key Events
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Q4 2025 Revenue Growth
Total revenue increased 12% year-over-year to $14.8 million, driven by MRAM product sales.
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Full-Year GAAP Loss
The company reported a GAAP net loss of $(0.6) million for the full year 2025, compared to a net income of $0.8 million in 2024.
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Q1 2026 Guidance
Everspin expects Q1 2026 total revenue between $14.0 million and $15.0 million, with GAAP net loss per diluted share between ($0.03) and $0.02.
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Increased Design Wins
The company achieved 238 design wins in 2025, up from 178 in 2024, expected to ramp to production in 2026 and 2027.
Analysis
This 8-K provides the full financial details for Q4 and full-year 2025, following a brief news announcement. While Q4 revenue showed solid 12% year-over-year growth, the company reported a GAAP net loss of $(0.6) million for the full year 2025, a decline from profitability in 2024. Non-GAAP net income also decreased for both the quarter and full year. Investors will weigh the continued revenue growth and increasing design wins against the pressure on profitability. The Q1 2026 guidance suggests continued revenue stability but ongoing challenges to GAAP profitability. The increase in cash and cash equivalents is a positive for liquidity.
At the time of this filing, MRAM was trading at $10.57 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $246.6M. The 52-week trading range was $4.34 to $17.24. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.