Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.1M | $35.9M | $49.4M | $37.5M | $42.0M | $55.1M | $60.0M | $63.8M | $50.4M | $55.2M |
| Revenue growth | — | 32.6% | 37.5% | -24.1% | 12.1% | 31.2% | 8.8% | 6.3% | -21.0% | 9.5% |
| Gross profit | $14.7M | $21.5M | $25.3M | $18.3M | $18.1M | $33.1M | $33.9M | $37.2M | $26.1M | $28.2M |
| Gross margin | 54.3% | 59.8% | 51.3% | 48.9% | 43.0% | 60.0% | 56.6% | 58.4% | 51.8% | 51.2% |
| Operating income | -$15.5M | -$20.2M | -$17.3M | -$14.4M | -$7.56M | $5.04M | $6.23M | $5.88M | -$7.09M | -$6.51M |
| Operating margin | -57.3% | -56.2% | -35.1% | -38.4% | -18.0% | 9.1% | 10.4% | 9.2% | -14.1% | -11.8% |
| Net income | -$16.7M | -$21.1M | -$17.8M | -$14.7M | -$8.51M | $4.34M | $6.13M | $9.05M | $781K | -$586K |
| Net margin | -61.7% | -58.7% | -35.9% | -39.1% | -20.3% | 7.9% | 10.2% | 14.2% | 1.5% | -1.1% |
| EPS (diluted) | -$3.53 | -$1.69 | -$1.08 | -$0.85 | -$0.45 | $0.22 | $0.29 | $0.42 | $0.04 | -$0.03 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$18.5M | -$18.9M | -$14.7M | -$8.12M | -$2.92M | $9.36M | $9.49M | $13.1M | $7.10M | $9.96M |
| Capital expenditures | $1.04M | $3.07M | $1.91M | $861K | $320K | $1.03M | $2.79M | $1.40M | $3.05M | $6.84M |
| Free cash flow | -$19.6M | -$22.0M | -$16.6M | -$8.98M | -$3.24M | $8.33M | $6.71M | $11.7M | $4.05M | $3.12M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $29.7M | $12.9M | $23.4M | $14.5M | $14.6M | $21.4M | $26.8M | $36.9M | $42.1M | $44.5M |
| Total assets | $41.5M | $31.4M | $45.0M | $35.4M | $32.5M | $39.4M | $55.3M | $67.3M | $77.8M | $84.6M |
| Total liabilities | $14.6M | $20.6M | $20.1M | $16.9M | $15.1M | $12.1M | $16.7M | $13.4M | $15.2M | $15.7M |
| Long-term debt | $4.22M | $8.18M | $6.51M | $7.15M | $3.75M | $1.53M | — | — | $1.78M | $15.0K |
| Shareholders' equity | $26.9M | $10.9M | $24.9M | $18.5M | $17.4M | $27.2M | $38.7M | $53.9M | $62.6M | $68.9M |
| Retained earnings | -$96.4M | -$118M | -$134M | -$149M | -$157M | -$153M | -$147M | -$138M | -$137M | -$137M |
| Shares (wtd avg diluted) | 5.12M | 12.6M | 16.4M | 17.3M | 18.8M | 20.0M | 20.8M | 21.4M | 22.2M | 22.6M |
Every figure is extracted from EVERSPIN TECHNOLOGIES INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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