What is Everspin Technologies's unbilled revenue?

Everspin Technologies (MRAM) reported unbilled revenue of $230K in Q1 2026.

What does unbilled revenue mean?

This represents revenue recognized for goods or services delivered to customers for which the company has not yet issued an invoice. It reflects the timing difference between revenue recognition and the billing cycle. A growing balance may indicate strong sales performance or potential delays in the invoicing and collection process.

Everspin Technologies MRAM Unbilled Revenue

Unbilled Revenue at other companies

RambusRMBS

$24.87M+5.3%

Other financials

Income statement

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Revenue$14.9M+13.2%

Gross profit$7.8M+16.1%

Operating income-$2.7M-40.6%

Net income-$296.0K+74.6%

EPS (diluted)-$0.01+80.0%

Balance sheet

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Cash & equivalents$40.5M-3.9%

Total debt$1.3M-56.8%

Total equity$70.2M+11.4%

Total assets$83.2M+3.7%

Cash flow

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Operating cash flow$570.0K-60.4%

CapEx$4.4M+377%

Free cash flow-$3.8M-818%

Valuation

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Market cap$512.1M+279%

Enterprise value$472.95M+392%

P/S9×+6.2×

Profitability

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Gross margin51.5%+1.2pp

Operating margin-12.8%-2.6pp

Net margin-1.1%-3.9pp

FCF margin11.5%+4.7pp

Returns & leverage

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Return on equity-0.9%-3.7pp

Debt / equity0×0.0×

Current ratio5.8×+0.5×

Where this comes from

Reported directly by Everspin Technologies in its filing.

Tagged under the XBRL concept us-gaap:UnbilledReceivablesCurrent.

The official record: Everspin Technologies’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Everspin Technologies's unbilled revenue?: Everspin Technologies (MRAM) reported unbilled revenue of $230K in Q1 2026.
What does unbilled revenue mean?: This represents revenue recognized for goods or services delivered to customers for which the company has not yet issued an invoice. It reflects the timing difference between revenue recognition and the billing cycle. A growing balance may indicate strong sales performance or potential delays in the invoicing and collection process.