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Jun 30, 2025
Everspin Q2 2025 Earnings Report
Everspin reported its unaudited financial results for the second quarter ended June 30, 2025, showing increased revenue and improved net loss compared to the same period last year.
Key Takeaways
Everspin Technologies, Inc. delivered a strong second quarter in 2025, with total revenue increasing to $13.2 million, up 24% year-over-year. The company significantly reduced its GAAP net loss to $(0.7) million and achieved a non-GAAP net income of $0.7 million, demonstrating improved financial performance driven by product sales and licensing revenue.
Total revenue for Q2 2025 reached $13.2 million, a 24% increase from $10.6 million in Q2 2024.
GAAP net loss improved significantly to $(0.7) million, or $(0.03) per diluted share, compared to $(2.5) million, or $(0.12) per diluted share, in Q2 2024.
Non-GAAP net income was $0.7 million, or $0.03 per diluted share, a positive swing from a non-GAAP net loss of $(0.6) million, or $(0.03) per diluted share, in Q2 2024.
Gross margin increased to 51.3% from 49.0% in the prior year's second quarter, indicating improved profitability.
Revenue by Segment
Forward Guidance
For the third quarter of 2025, Everspin anticipates total revenue to be between $13.5 million and $14.5 million. GAAP net loss per diluted share is expected to range from $(0.05) to $0.00, while non-GAAP net income per diluted share is projected to be between $0.02 and $0.07.
Positive Outlook
- Expected revenue growth for Q3 2025, with a range of $13.5 million to $14.5 million.
- Anticipated non-GAAP net income per diluted share of $0.02 to $0.07 for Q3 2025, indicating continued profitability on a non-GAAP basis.
- Continued focus on consistent execution and prudent expense management.
- Expansion of the executive team with a dedicated VP of Sales and VP of Business Development to accelerate revenue monetization and strategic expansion.
- No anticipated material impact from tariff-related issues on future results.
Challenges Ahead
- GAAP net loss per diluted share is still expected, ranging from $(0.05) to $0.00 for Q3 2025.
- Uncertainty regarding the reconciliation of non-GAAP guidance measures to GAAP due to unpredictable future expenses like stock-based compensation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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