Company research
EVERSPIN TECHNOLOGIES INC.
CIK 1438423Updated Sep 24, 2026
SecurityMRAM · NASDAQ · equity
Name history
EVERSPIN TECHNOLOGIES INC · through Jan 8, 2025
MRAM price & chart
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NASDAQ:MRAM on TradingView ↗About the company
Everspin Technologies, Inc. is the world’s leading provider of magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s most robust, highest-performance non-volatile memory for industrial IoT, data centers and other mission-critical applications where data persistence is paramount. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base. For more information, visit www.everspin.com. NASDAQ: MRAM.
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Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 84,609,000Source | 77,789,000Source | 67,303,000Source | 55,333,000Source |
| Property, Plant and Equipment, NetUSD | 14,140,000Source | 3,220,000Source | 3,717,000Source | 3,883,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 44,450,000Source | 42,097,000Source | 36,946,000Source | 26,795,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 8,101,000Source | 11,722,000Source | 11,554,000Source | 10,665,000Source |
| Inventory, NetUSD | 10,734,000Source | 9,110,000Source | 8,391,000Source | 6,683,000Source |
| Assets, CurrentUSD | 65,162,000Source | 64,201,000Source | 57,879,000Source | 44,747,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,877,000Source | 1,272,000Source | 988,000Source | 604,000Source |
| Operating Lease, Right-of-Use AssetUSD | 3,251,000Source | 4,549,000Source | 5,495,000Source | 6,641,000Source |
| Other Assets, NoncurrentUSD | 342,000Source | 2,403,000Source | 212,000Source | 62,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 15,692,000Source | 15,196,000Source | 13,382,000Source | 16,669,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | — | — | — |
| Common Stock, Value, IssuedUSD | 2,000Source | 2,000Source | 2,000Source | 2,000Source |
| Retained Earnings (Accumulated Deficit)USD | -137,455,000Source | -136,869,000Source | -137,650,000Source | -146,702,000Source |
| Stockholders' Equity Attributable to ParentUSD | 68,917,000Source | 62,593,000Source | 53,921,000Source | 38,664,000Source |
| Additional Paid in Capital, Common StockUSD | 206,370,000Source | 199,460,000Source | 191,569,000Source | 185,364,000Source |
| Liabilities and EquityUSD | 84,609,000Source | 77,789,000Source | 67,303,000Source | 55,333,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 13,453,000Source | 9,914,000Source | 8,778,000Source | 10,875,000Source |
| Accounts Payable, CurrentUSD | 5,180,000Source | 2,278,000Source | 2,916,000Source | 2,778,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 3,651,000Source | 2,449,000Source | 4,336,000Source | 3,533,000Source |
| Long-term Debt, Current MaturitiesUSD | 1,769,000Source | 1,769,000Source | — | 2,594,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 15,000Source | 1,784,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -586,000Source | 781,000Source | 9,052,000Source | 6,129,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 5,776,000Source | 6,713,000Source | 5,005,000Source | 4,408,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -3,621,000Source | 168,000Source | 889,000Source | 2,472,000Source |
| Increase (Decrease) in InventoriesUSD | 1,624,000Source | 719,000Source | 1,708,000Source | 287,000Source |
| Increase (Decrease) in Accounts PayableUSD | -501,000Source | -374,000Source | 499,000Source | 563,000Source |
| Deferred Income Tax Expense (Benefit)USD | 124,000Source | -130,000Source | -150,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 9,960,000Source | 7,099,000Source | 13,128,000Source | 9,493,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -8,674,000Source | -3,060,000Source | -1,385,000Source | -2,586,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 6,838,000Source | 3,049,000Source | 1,404,000Source | 2,788,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,067,000Source | 1,112,000Source | -1,592,000Source | -1,521,000Source |
| Repayments of Long-term DebtUSD | — | — | 2,790,000Source | 2,400,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,353,000Source | 5,151,000Source | 10,151,000Source | 5,386,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 44,450,000Source | 42,097,000Source | 36,946,000Source | 26,795,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 37,000Source | 169,000Source |
| Income Taxes Paid, NetUSD | 38,000Source | 202,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | 26,000Source | 105,000Source |
| Amortization of Intangible AssetsUSD | 1,800,000Source | 100,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 25,000Source | — | 15,000Source | 167,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | -170,000Source | — |
| General and Administrative ExpenseUSD | 14,552,000Source | 14,141,000Source | 14,296,000Source | 11,741,000Source |
| Income Tax Expense (Benefit)USD | 129,000Source | -40,000Source | -16,000Source | 14,000Source |
| Investment Income, InterestUSD | 1,646,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -586,000Source | 781,000Source | 9,052,000Source | 6,129,000Source |
| Operating ExpensesUSD | 34,750,000Source | 33,217,000Source | 31,360,000Source | 27,718,000Source |
| Other Nonoperating Income (Expense)USD | 4,405,000Source | 7,832,000Source | 3,214,000Source | 190,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 55,202,000Source | 50,402,000Source | 63,765,000Source | 59,985,000Source |
| Cost of RevenueUSD | 26,960,000Source | 24,276,000Source | 26,520,000Source | 26,040,000Source |
| Operating Income (Loss)USD | -6,508,000Source | -7,091,000Source | 5,885,000Source | 6,227,000Source |
| Other Nonoperating Income (Expense)USD | 4,405,000Source | 7,832,000Source | 3,214,000Source | 190,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -457,000Source | 741,000Source | 9,036,000Source | 6,143,000Source |
| Income Tax Expense (Benefit)USD | 129,000Source | -40,000Source | -16,000Source | 14,000Source |
| Net Income (Loss) Attributable to ParentUSD | -586,000Source | 781,000Source | 9,052,000Source | 6,129,000Source |
| Earnings Per Share, BasicUSD per share | -0.03Source | 0.04Source | 0.44Source | 0.3Source |
| Earnings Per Share, DilutedUSD per share | -0.03Source | 0.04Source | 0.42Source | 0.29Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 22,568,253Source | 21,642,793Source | 20,748,302Source | 20,130,336Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 22,568,253Source | 22,156,420Source | 21,367,304Source | 20,775,925Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,800,000Source | 100,000Source | — | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0Source | 0Source | 0Source | 0Source |
| Cost, Depreciation and AmortizationUSD | 1,500,000Source | 1,600,000Source | 1,200,000Source | 1,000,000Source |
| Current Income Tax Expense (Benefit)USD | 5,000Source | 90,000Source | 134,000Source | 14,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 3,212,000Source | 1,731,000Source | 1,205,000Source | 982,000Source |
| General and Administrative ExpenseUSD | 14,552,000Source | 14,141,000Source | 14,296,000Source | 11,741,000Source |
| Gross ProfitUSD | 28,242,000Source | 26,126,000Source | 37,245,000Source | 33,945,000Source |
| Interest ExpenseUSD | — | — | 63,000Source | 274,000Source |
| Investment Income, InterestUSD | 1,646,000Source | — | — | — |
| Operating ExpensesUSD | 34,750,000Source | 33,217,000Source | 31,360,000Source | 27,718,000Source |
| Research and Development ExpenseUSD | 14,085,000Source | 13,686,000Source | 11,776,000Source | 11,108,000Source |
| Selling and Marketing ExpenseUSD | 6,113,000Source | 5,390,000Source | 5,288,000Source | 4,869,000Source |
Filing attachments
mram-20250630xex99d1.htm · 8-K · 2025-08-06
EX-99.1 2 mram-20250630xex99d1.htm EX-99.1 Exhibit 99.1 Everspin Reports Unaudited Second Quarter 2025 Financial Results Chandler, AZ, August 6, 2025 - Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the second quarter ended June 30, 2025. “Our consistent financial performance reflects the strength of our produc…
Read attachment ↗mram-20250430xex99d1.htm · 8-K · 2025-04-30
EX-99.1 2 mram-20250430xex99d1.htm EX-99.1 Exhibit 99.1 Everspin Reports Unaudited First Quarter 2025 Financial Results Chandler, AZ, April 30, 2025 - Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, announced preliminary unaudited financial results for the first quarter ended March 31, 2025. “Our recent design wins showcase the strength of our solutions for mission criti…
Read attachment ↗mram-20250226xex99d1.htm · 8-K · 2025-02-26
EX-99.1 2 mram-20250226xex99d1.htm EX-99.1 Exhibit 99.1 Everspin Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results Chandler, AZ, February 26, 2025 - Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive random access memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2024. “We are pleased to report fourth quart…
Read attachment ↗tm251884d1_ex99-1.htm · 8-K · 2025-01-08
EX-99.1 3 tm251884d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Everspin Technologies Appoints William Cooper as Chief Financial Officer Finance leader with 20 years of semiconductor experience joins team to help drive the MRAM revolution Chandler, AZ, January 8, 2025 - Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive random access memory (MRAM), announced that William “Bill” Cooper has joined the company and was appointed Chief Fina…
Read attachment ↗