EVERSPIN TECHNOLOGIES INC.
Business
Everspin Technologies is a pioneer in commercializing Magnetoresistive Random Access Memory (MRAM) technology, including Toggle MRAM, Spin-Transfer Torque MRAM (STT-MRAM), and Tunnel Magneto Resistance (TMR) Sensors. The company manufactures discrete MRAM components and licenses its technology portfolio to foundries and customers for embedded MRAM, sensors, and radiation-hardened applications. Everspin sells directly and through distributors to OEMs and ODMs across industrial, medical, automotive, aerospace, defense, and data center markets, performing back-end wafer processing at its Arizona facility and collaborating with GLOBALFOUNDRIES for 300mm STT-MRAM production.
Summary from 10-K filed 2026-03-04
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 55 | 50 | 64 | 60 | 55 | |
| Total cost of sales | 27 | 24 | 27 | 26 | 22 | |
| Gross profit | 28 | 26 | 37 | 34 | 33 | |
| Research and development | 14 | 14 | 12 | 11 | 13 | |
| General and administrative | 15 | 14 | 14 | 12 | 11 | |
| Sales and marketing | 6 | 5 | 5 | 5 | 4 | |
| Total operating expenses | 35 | 33 | 31 | 28 | 28 | |
| Loss from operations | −7 | −7 | 6 | 6 | 5 | |
| Interest income | 2 | 2 | — | — | — | |
| Other income, net | 4 | 6 | 3 | 190,000 | −141,000 | |
| Net (loss) income before income taxes | −457,000 | 741,000 | 9 | 6 | 4 | |
| Income tax (expense) benefit | −129,000 | 40,000 | 16,000 | −14,000 | −4,000 | |
| Net (loss) income and comprehensive (loss) income | −586,000 | 781,000 | 9 | 6 | 4 | |
| Basic (in dollars per share) | −0.03 | 0.04 | 0.44 | 0.3 | 0.22 | |
| Diluted (in dollars per share) | −0.03 | 0.04 | 0.42 | 0.29 | 0.22 | |
| Basic (in shares) | 23 | 22 | 21 | 20 | 19 | |
| Diluted (in shares) | 23 | 22 | 21 | 21 | 20 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 44 | 42 | 37 | 27 | 21 | |
| Accounts receivable, net | 8 | 12 | 12 | 11 | 8 | |
| Inventory | 11 | 9 | 8 | 7 | 6 | |
| Prepaid expenses and other current assets | 2 | 1 | 988,000 | 604,000 | 762,000 | |
| Total current assets | 65 | 64 | 58 | 45 | 37 | |
| Property and equipment, net | 14 | 3 | 4 | 4 | 973,000 | |
| Intangible assets, net | 2 | 3 | — | — | — | |
| Right-of-use assets | 3 | 5 | 5 | 7 | 913,000 | |
| Other assets | 342,000 | 2 | 212,000 | 62,000 | 734,000 | |
| Total assets | 85 | 78 | 67 | 55 | 39 | |
| Accounts payable | 5 | 2 | 3 | 3 | 2 | |
| Accrued liabilities | 4 | 2 | 4 | 4 | 4 | |
| Deferred revenue | 0 | 78,000 | 336,000 | 821,000 | 832,000 | |
| Lease liabilities, current portion | 1 | 1 | 1 | 1 | 724,000 | |
| Contract obligations | 1 | 2 | — | — | — | |
| Software liabilities, current portion | 2 | 2 | — | 3 | 3 | |
| Total current liabilities | 13 | 10 | 9 | 11 | 10 | |
| Lease liabilities, net of current portion | 2 | 3 | 4 | 6 | 68,000 | |
| Software liabilities, net of current portion | 15,000 | 2 | — | — | 2 | |
| Long-term income tax liability | 268,000 | 162,000 | 214,000 | 214,000 | 214,000 | |
| Total liabilities | 16 | 15 | 13 | 17 | 12 | |
| Commitments and contingencies (Note 5) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024, respectively | 0 | 0 | — | — | — | |
| Common stock, $0.0001 par value per share; 100,000,000 shares authorized; 22,977,797 and 22,059,697 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
| Additional paid-in capital | 206 | 199 | 192 | 185 | 180 | |
| Accumulated deficit | −137 | −137 | −138 | −147 | −153 | |
| Total stockholders equity | 69 | 63 | 54 | 39 | 27 | |
| Total liabilities and stockholders equity | 85 | 78 | 67 | 55 | 39 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net (loss) income | −586,000 | 781,000 | 9 | 6 | 4 | |
| Depreciation and amortization | 3 | 2 | 1 | 982,000 | 1 | |
| Gain on sale of property and equipment | −25,000 | 0 | −15,000 | −167,000 | — | |
| Stock-based compensation | 6 | 7 | 5 | — | — | |
| Accounts receivable | 4 | −168,000 | −889,000 | −2 | −586,000 | |
| Inventory | −2 | −719,000 | −2 | −287,000 | −675,000 | |
| Prepaid expenses and other current assets | −605,000 | −284,000 | −384,000 | 158,000 | −492,000 | |
| Other assets | 360,000 | −492,000 | −150,000 | −28,000 | 11,000 | |
| Accounts payable | −501,000 | −374,000 | 499,000 | 563,000 | −571,000 | |
| Accrued liabilities | 806,000 | −2 | 803,000 | −46,000 | 2 | |
| Deferred revenue | −78,000 | −258,000 | −485,000 | −11,000 | 832,000 | |
| Contract obligations | −562,000 | 2 | — | — | — | |
| Lease liabilities, net | 60,000 | 74,000 | 24,000 | 182,000 | −219,000 | |
| Long-term income tax liability | 106,000 | 0 | — | — | — | |
| Net cash provided by operating activities | 10 | 7 | 13 | 9 | 9 | |
| Purchases of property and equipment | −7 | −3 | −1 | −3 | −1 | |
| Purchases of intangible assets | −2 | −11,000 | — | — | — | |
| Net cash used in investing activities | −9 | −3 | −1 | −3 | −1 | |
| Proceeds from exercise of stock options and purchase of shares in employee stock purchase plan | 1 | 1 | 1 | — | — | |
| Payments on finance leases | −67,000 | −66,000 | −12,000 | 11,000 | — | |
| Net cash provided by financing activities | 1 | 1 | −2 | −2 | −2 | |
| Net increase in cash and cash equivalents | 2 | 5 | 10 | 5 | 7 | |
| Cash paid for taxes | 38,000 | 202,000 | — | — | — | |
| Operating cash flows paid for operating leases | 1 | 1 | 1 | 1 | 2 | |
| Financing cash flows paid for finance leases | 67,000 | 66,000 | — | — | — | |
| Internal-use software asset obtained in exchange for software liabilities | 0 | 4 | — | — | — | |
| Right-of-use assets obtained in exchange for finance lease liabilities | 0 | 297,000 | — | 36,000 | — | |
| Purchases of property and equipment in accounts payable and accrued liabilities | 4 | 182,000 | 446,000 | 807,000 | 340,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is EVERSPIN TECHNOLOGIES INC.'s CIK number?
EVERSPIN TECHNOLOGIES INC.'s SEC CIK number is 0001438423 (1438423). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find EVERSPIN TECHNOLOGIES INC.'s SEC filings?
All of EVERSPIN TECHNOLOGIES INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did EVERSPIN TECHNOLOGIES INC. last report earnings?
EVERSPIN TECHNOLOGIES INC. (MRAM) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-028376). This is EVERSPIN TECHNOLOGIES INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is EVERSPIN TECHNOLOGIES INC.'s most recent earnings 8-K?
EVERSPIN TECHNOLOGIES INC.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001628280-26-028376. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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