The Filing Desk

GSI Technology vs Everspin Technologies

GSI Technology GSIT · Everspin Technologies MRAM · Semiconductors

Everspin Technologies reported revenue of $55 million in fiscal 2025, 2.2 times GSI Technology's $25 million in fiscal 2026. GSI Technology's revenue grew 22.4% in its latest year, and Everspin Technologies' grew 9.5%. GSI Technology had an operating margin of -69.6%, against -11.8% at Everspin Technologies. Free cash flow was −$16 million at GSI Technology and $3 million at Everspin Technologies. Their fiscal years end in different months (March 31 and December 31), so the periods don't line up exactly.

Side by side

GSI TechnologyEverspin Technologies
Latest fiscal yearFY2026, Mar 31, 2026FY2025, Dec 31, 2025
Revenue$25M$55M
Revenue growth22.4%9.5%
Revenue growth a year, last 5 years−2.0%5.6%
Gross margin54.5%51.2%
Operating margin−69.6%−11.8%
Net margin−52.7%−1.1%
Free cash flow−$16M$3M
Free cash flow margin−65.3%5.7%
Return on capital—−20.4%
Net debt to EBITDA——
Dividends and buybacks$0M$0M
Change in diluted share count24.9%1.9%
Last close$3.02$11.74
P/E at the last close——
Insider trades, last 12 months—sold $18.5 million
Piotroski F-score—3 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
GSI TechnologyEverspin Technologies
Operating margin
Percent of revenue
GSI TechnologyEverspin Technologies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
GSI TechnologyEverspin Technologies

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the GSI Technology and Everspin Technologies pages.