Everspin Technologies Reports 24.1% Revenue Growth to $13.2 Million in Q2 2025

Everspin Technologies, Inc. reported a total revenue of $13.2 million for the three months ended June 30, 2025, marking a 24.1% increase from $10.6 million in the same period last year. The growth was driven by a 12.2% rise in product sales, which reached $11.1 million, and a significant 181.7% increase in licensing, royalty, patent, and other revenue, which totaled $2.1 million. For the first half of 2025, Everspin's revenue was $26.3 million, a 5.1% increase compared to $25.1 million in the first half of 2024. The company reported a net loss of $670,000 for the second quarter, a notable improvement from a loss of $2.5 million in the prior year.

The company's financial position showed a slight increase in total assets, rising to $78.9 million as of June 30, 2025, compared to $77.8 million at the end of 2024. Cash and cash equivalents increased to $45.0 million, up from $42.1 million, reflecting improved cash flow from operations, which generated $6.5 million in the first half of 2025, compared to $428,000 in the same period last year. Everspin's operating expenses also rose, totaling $8.7 million for the second quarter, primarily due to increases in research and development and general administrative costs.

Everspin has made strategic advancements, including a focus on developing new MRAM technologies and expanding its customer base. The company has seen a shift in its revenue mix, with a growing portion coming from direct sales to key customers, alongside its traditional distributor sales. The Asia-Pacific region accounted for a significant portion of revenue, generating $8.6 million in the second quarter, up from $6.3 million in the previous year. This geographic expansion reflects Everspin's ongoing efforts to penetrate international markets.

In terms of operational metrics, Everspin's employee headcount has increased, supporting its growth initiatives and product development efforts. The company continues to invest in research and development, with expenses in this area totaling $3.6 million for the second quarter, reflecting a commitment to enhancing its MRAM product offerings. The increase in stock-based compensation also indicates a focus on retaining talent as the company scales its operations.

Looking ahead, Everspin remains optimistic about its growth trajectory, driven by ongoing product development and strategic partnerships. The company is currently assessing the impact of recent legislative changes, including the One Big Beautiful Bill Act, which may influence its financial outlook. Everspin's management believes that its current cash reserves are sufficient to meet anticipated capital requirements over the next year, positioning the company for continued growth in the competitive semiconductor market.