Demonstrações financeiras detalhadas de Everspin Technologies, Inc. (MRAM): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Everspin Technologies, Inc. registou receitas de $55.2M no último exercício, com um CAGR de 5 anos de 5.6%.
Margens dos últimos 12 meses: margem bruta 52.3%, margem operacional -15.5%, margem líquida -4.2%.
Ao preço atual de $14.37, MRAM apresenta lucros negativos (P/L não significativo) e um ROE de -0.85%. A capitalização de mercado é de $337M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $27.1M | $35.9M | $49.4M | $37.5M | $42.0M | $55.1M | $60.0M | $63.8M | $50.4M | $55.2M |
| Custo da Receita | $12.0M | $14.5M | $24.1M | $19.2M | $23.9M | $22.1M | $26.0M | $26.5M | $24.3M | $27.0M |
| Lucro Bruto | $15.0M | $21.5M | $25.3M | $18.3M | $18.1M | $33.1M | $33.9M | $37.2M | $26.1M | $28.2M |
| P&D | $19.2M | $25.4M | $23.6M | $14.2M | $10.9M | $12.6M | $11.1M | $11.8M | $13.7M | $14.1M |
| Despesas Gerais e Administrativas | $11.0M | $16.3M | $19.0M | $17.8M | $14.8M | $15.4M | $16.6M | $19.6M | $19.5M | $20.7M |
| Despesas Operacionais | $30.2M | $41.7M | $42.7M | $32.7M | $25.7M | $28.0M | $27.7M | $31.4M | $33.2M | $34.8M |
| Lucro Operacional | -$15.2M | -$20.2M | -$17.3M | -$14.4M | -$7.6M | $5.0M | $6.2M | $5.9M | -$7.1M | -$6.5M |
| EBITDA | -$13.5M | -$19.1M | -$15.4M | -$12.2M | -$5.6M | $6.3M | $7.4M | $10.3M | $2.5M | $2.8M |
| Despesas com Juros | $2.3M | $764000 | $890000 | $747000 | $665000 | $547000 | $274000 | $63000 | 0 | 0 |
| Lucro Antes de Impostos | -$16.7M | -$21.1M | -$17.8M | -$14.7M | -$8.3M | $4.3M | $6.1M | $9.0M | $741000 | -$457000 |
| Imposto | $3.2M | 0 | 0 | 0 | $260000 | $4000 | $14000 | -$16000 | -$40000 | $129000 |
| Lucro Líquido | -$16.7M | -$21.1M | -$17.8M | -$14.7M | -$8.5M | $4.3M | $6.1M | $9.1M | $781000 | -$586000 |
| LPA | $-1.36 | $-1.69 | $-1.08 | $-0.92 | $-0.45 | $0.22 | $0.30 | $0.44 | $0.04 | $-0.03 |
| LPA Diluído | $-1.36 | $-1.69 | $-1.08 | $-0.92 | $-0.45 | $0.22 | $0.29 | $0.42 | $0.04 | $-0.03 |
| Ações em Circulação (Diluídas) | $12.3M | $12.5M | $16.4M | $17.3M | $18.8M | $20.0M | $20.8M | $21.4M | $22.2M | $22.6M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $14.1M | $14.8M | $14.9M | $18.7M |
| Lucro Bruto | $7.2M | $7.5M | $7.8M | $10.1M |
| Lucro Operacional | -$1.5M | -$1.1M | -$2.7M | -$4.4M |
| EBITDA | $917000 | $2.0M | $406000 | -$2.9M |
| Lucro Líquido | $54000 | $1.2M | -$296000 | -$3.6M |
| LPA | $0.00 | $0.05 | $-0.01 | $-0.15 |
| LPA Diluído | $0.00 | $0.05 | $-0.01 | $-0.15 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $29.7M | $12.9M | $23.4M | $14.5M | $14.6M | $21.4M | $26.8M | $36.9M | $42.1M | $44.5M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $3.7M | $4.0M | $7.5M | $5.8M | $7.6M | $8.2M | $10.7M | $11.6M | $11.7M | $8.1M |
| Estoque | $5.4M | $9.8M | $9.1M | $7.9M | $5.7M | $6.4M | $6.7M | $8.4M | $9.1M | $10.7M |
| Ativos Circulantes | $39.8M | $27.4M | $40.7M | $28.7M | $28.2M | $36.8M | $44.7M | $57.9M | $64.2M | $65.2M |
| Imobilizado | $1.9M | $3.9M | $4.3M | $6.6M | $4.3M | $1.9M | $10.5M | $9.2M | $7.8M | $17.4M |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $3.4M | $1.7M |
| Ativos Totais | $41.8M | $31.4M | $45.0M | $35.4M | $32.5M | $39.4M | $55.3M | $67.3M | $77.8M | $84.6M |
| Contas a Pagar | $1.5M | $2.7M | $2.6M | $2.9M | $2.2M | $1.8M | $2.8M | $2.9M | $2.3M | $5.2M |
| Dívida de Curto Prazo | $3.9M | $4.0M | $6.0M | $670000 | $4.2M | $3.4M | $2.6M | $1.2M | 0 | 0 |
| Passivos Circulantes | $10.4M | $12.4M | $13.6M | $7.9M | $10.2M | $10.3M | $10.9M | $8.8M | $9.9M | $13.5M |
| Dívida de Longo Prazo | $4.2M | $8.2M | $6.5M | $7.1M | $3.7M | $1.5M | 0 | 0 | 0 | 0 |
| Passivos Totais | $14.6M | $20.6M | $20.1M | $16.9M | $15.1M | $12.1M | $16.7M | $13.4M | $15.2M | $15.7M |
| Reservas | -$96.4M | -$117.5M | -$134.0M | -$148.7M | -$157.2M | -$152.8M | -$146.7M | -$137.7M | -$136.9M | -$137.5M |
| Patrimônio Líquido | $27.2M | $10.9M | $24.9M | $18.5M | $17.4M | $27.2M | $38.7M | $53.9M | $62.6M | $68.9M |
| Dívida Total | $8.1M | $12.2M | $12.5M | $11.2M | $10.4M | $5.7M | $9.3M | $5.6M | $4.6M | $3.3M |
| Dívida Líquida | -$21.6M | -$785000 | -$10.9M | -$3.2M | -$4.2M | -$15.7M | -$17.5M | -$31.4M | -$37.5M | -$41.1M |
| Capital de Giro | $29.5M | $15.0M | $27.1M | $20.8M | $18.0M | $26.4M | $33.9M | $49.1M | $54.3M | $51.7M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $45.3M | $44.5M | $40.5M | $43.9M |
| Ativos Totais | $80.3M | $84.6M | $83.2M | $89.4M |
| Passivos Totais | $14.5M | $15.7M | $12.9M | $16.3M |
| Patrimônio Líquido | $65.8M | $68.9M | $70.2M | $73.1M |
| Dívida Total | $3.7M | $3.3M | $3.0M | $2.8M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$16.7M | -$21.1M | -$17.8M | -$14.7M | -$8.5M | $4.3M | $6.1M | $9.1M | $781000 | -$586000 |
| Depreciação e Amortização | $826000 | $1.2M | $1.4M | $1.7M | $2.0M | $1.5M | $982000 | $1.2M | $1.7M | $3.2M |
| Compensação em Ações | $2.1M | $3.5M | $3.4M | $3.6M | $4.0M | $3.2M | $4.4M | $5.0M | $6.7M | $5.8M |
| Variação Capital de Giro | -$5.2M | -$3.0M | -$2.2M | $998000 | -$712000 | -$4000 | -$1.9M | -$2.3M | -$4.2M | $2.1M |
| Fluxo de Caixa Operacional | -$18.5M | -$18.9M | -$14.7M | -$8.1M | -$2.9M | $9.4M | $9.5M | $13.1M | $7.1M | $10.0M |
| CapEx | -$1.0M | -$3.1M | -$1.9M | -$861000 | -$320000 | -$1.0M | -$2.8M | -$1.4M | -$3.0M | -$6.8M |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$19.6M | -$22.0M | -$16.6M | -$9.0M | -$3.2M | $8.3M | $6.7M | $11.7M | $4.0M | $3.1M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $881000 | $2.6M | $570000 | $159000 |
| CapEx | -$338000 | -$3.6M | -$4.4M | -$1.3M |
| Fluxo de Caixa Livre | $543000 | -$975000 | -$3.8M | -$1.2M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $1.4M | $1.4M | $1.3M | $1.4M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +32.6% | +37.5% | -24.1% | +12.1% | +31.2% | +8.8% | +6.3% | -21.0% | +9.5% |
| Crescimento Lucro Líquido (anual) | | -26.3% | +15.9% | +17.4% | +42.0% | +151.0% | +41.1% | +47.7% | -91.4% | -175.0% |
| Crescimento LPA (anual) | | -24.3% | +36.1% | +14.8% | +51.1% | +148.9% | +36.4% | +46.7% | -91.8% | -172.0% |
| Variação de Ações (anual) | | +1.5% | +31.1% | +5.8% | +8.5% | +6.3% | +4.0% | +2.8% | +3.7% | +1.9% |
| Crescimento FCF (anual) | | -12.2% | +24.5% | +45.9% | +63.9% | +356.8% | -19.5% | +74.9% | -65.5% | -22.9% |
| Margem Bruta | 55.5% | 59.8% | 51.3% | 48.9% | 43.0% | 60.0% | 56.6% | 58.4% | 51.8% | 51.2% |
| Margem Operacional | -56.0% | -56.2% | -35.1% | -38.4% | -18.0% | 9.1% | 10.4% | 9.2% | -14.1% | -11.8% |
| Margem EBITDA | -50.0% | -53.3% | -31.2% | -32.6% | -13.3% | 11.5% | 12.3% | 16.2% | 4.9% | 5.0% |
| Margem Líquida | -61.6% | -58.7% | -35.9% | -39.1% | -20.3% | 7.9% | 10.2% | 14.2% | 1.5% | -1.1% |
| Margem FCF | -72.3% | -61.1% | -33.6% | -23.9% | -7.7% | 15.1% | 11.2% | 18.4% | 8.0% | 5.7% |
| Taxa Efetiva de Imposto | -19.0% | -0.0% | -0.0% | -0.0% | -3.2% | 0.1% | 0.2% | -0.2% | -5.4% | -28.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-1.59 | $-1.76 | $-1.01 | $-0.52 | $-0.17 | $0.42 | $0.32 | $0.55 | $0.18 | $0.14 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $12.3M | $12.5M | $16.4M | $17.3M | $18.8M | $19.4M | $20.1M | $20.7M | $21.6M | $22.6M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -0.85% |
| Retorno sobre capital investido | -8.97% |
| Retorno sobre ativos | -0.69% |
| Margem bruta | 52.28% |
| Margem operacional | -15.55% |
| Margem líquida | -4.22% |
Saúde financeira
| Dívida / Patrimônio | 0.04 |
| Liquidez corrente | 4.74 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 6.87 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -6.10 | -4.44 | -5.19 | -5.72 | -10.22 | 51.36 | 18.53 | 20.55 | 177.01 | -356.92 |
| P/VP | 3.75 | 8.60 | 3.69 | 4.93 | 4.96 | 8.05 | 2.89 | 3.48 | 2.21 | 3.04 |
| P/V | 3.76 | 2.61 | 1.86 | 2.43 | 2.06 | 3.98 | 1.87 | 2.94 | 2.74 | 3.79 |
| Margem Bruta | 55.5% | 59.8% | 51.3% | 48.9% | 43.0% | 60.0% | 56.6% | 58.4% | 51.8% | 51.2% |
| Margem Operacional | -56.0% | -56.2% | -35.1% | -38.4% | -18.0% | 9.1% | 10.4% | 9.2% | -14.1% | -11.8% |
| Margem Líquida | -61.6% | -58.7% | -35.9% | -39.1% | -20.3% | 7.9% | 10.2% | 14.2% | 1.5% | -1.1% |