EVERSPIN TECHNOLOGIES INC. MRAM

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

We are a pioneer in the successful commercialization of Magnetoresistive Random Access Memory (MRAM) technology. Our portfolio of MRAM technologies, including Toggle MRAM, Tunnel Magneto Resistance (TMR) Sensors, and Spin-transfer Torque MRAM (STT-MRAM), is delivering superior performance, persistence and reliability in non-volatile memories that transform how mission-critical data is protected against power loss. With over 20 years of MRAM technology and manufacturing leadership, our memory solutions deliver significant value to our customers in key markets such as industrial, medical, automotive/transportation, aerospace and defense, and data center. We are the leading supplier of discrete MRAM components and a successful licensor of our broad portfolio of related technology and intellectual property.

Last close 12.59 2026-10-23
Market cap $306.6M 2026-06-30 share count
52-week range 7.35 - 51.50

Valuation FY2025 figures against the last close

P/S5.6x
P/E—
P/FCF98.2x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.03

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Singapore
  • All other
  • United States
  • Hong Kong
  • Germany
  • Japan
  • Canada
Revenue by geography, 7 categories over 2 years. The same figures are in the table below. FY2025 Singapore, FY2025: 13.2M (23.8%) 24% Singapore All other, FY2025: 12.2M (22.1%) 22% All other United States, FY2025: 9.9M (17.9%) 18% United States Hong Kong, FY2025: 6.7M (12.1%) 12% Hong Kong Germany, FY2025: 6.2M (11.2%) 11% Germany Japan, FY2025: 6.1M (11.0%) 11% Japan Canada, FY2025: 1M (1.9%) FY2024 Singapore, FY2024: 3.4M (6.7%) 7% All other, FY2024: 7M (13.8%) 14% United States, FY2024: 10M (19.8%) 20% Hong Kong, FY2024: 16.2M (32.2%) 32% Germany, FY2024: 7.2M (14.2%) 14% Japan, FY2024: 6M (11.9%) 12% Canada, FY2024: 742K (1.5%)
Region FY2025FY2024
Singapore $13.2M $3.4M
All other $12.2M $7.0M
United States $9.9M $10.0M
Hong Kong $6.7M $16.2M
Germany $6.2M $7.2M
Japan $6.1M $6.0M
Canada $1.0M $742.0K

As the company reported it, from the “Geographic Information - Schedule of Revenue by Country (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $55.2M$50.4M$63.8M$60.0M$55.1M$42.0M$37.5M$49.4M$35.9M$27.1M
Cost of revenue $27.0M$24.3M$26.5M$26.0M$22.1M$23.9M$19.2M$24.1M$14.5M$12.4M
Gross profit $28.2M$26.1M$37.2M$33.9M$33.1M$18.1M$18.3M$25.3M$21.5M$14.7M
R&D $14.1M$13.7M$11.8M$11.1M$12.6M$10.9M$14.2M$23.6M$25.4M$19.2M
SG&A $14.6M$14.1M$14.3M$11.7M$10.9M$10.8M$12.4M$12.6M$11.5M$7.3M
Total operating expenses $34.8M$33.2M$31.4M$27.7M$28.0M$25.7M$32.7M$42.7M$41.7M$30.2M
Operating income -$6.5M-$7.1M$5.9M$6.2M$5.0M-$7.6M-$14.4M-$17.3M-$20.2M-$15.5M
Interest expense ——$63.0K$274.0K$547.0K$665.0K$747.0K$890.0K$764.0K$2.3M
Pre-tax income -$457.0K$741.0K$9.0M$6.1M$4.3M-$8.3M-$14.7M-$17.8M-$21.1M-$16.7M
Income tax $129.0K$40.0K$16.0K$14.0K$4.0K$260.0K$0$0$0$0
Net income -$586.0K$781.0K$9.1M$6.1M$4.3M-$8.5M-$14.7M-$17.8M-$21.1M-$16.7M
EPS, basic -0.030.040.440.300.22-0.45————
EPS, diluted -0.030.040.420.290.22-0.45-0.85-1.08-1.69-3.53
Shares, diluted (wtd. avg.) 22.6M22.2M21.4M20.8M20.0M18.8M17.3M16.4M12.6M5.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $44.5M$42.1M$36.9M$26.8M$21.4M$14.6M$14.5M$23.4M$12.9M$29.7M
Receivables $8.1M$11.7M$11.6M$10.7M$8.2M$7.6M$5.8M$7.5M$4.0M$3.2M
Inventory $10.7M$9.1M$8.4M$6.7M$6.4M$5.7M$7.9M$9.1M$9.8M$5.1M
Total current assets $65.2M$64.2M$57.9M$44.7M$36.8M$28.2M$28.7M$40.7M$27.4M$39.5M
Property, plant and equipment $14.1M$3.2M$3.7M$3.9M$973.0K$1.9M$3.5M$4.3M$3.9M$1.9M
Other intangibles $1.7M$3.4M————————
Total assets $84.6M$77.8M$67.3M$55.3M$39.4M$32.5M$35.4M$45.0M$31.4M$41.5M
Accounts payable $5.2M$2.3M$2.9M$2.8M$1.8M$2.2M$2.9M$2.6M$2.9M$1.5M
Short-term debt $1.8M$1.8M—$2.6M$3.4M$4.2M$670.0K$6.0M$4.0M$3.9M
Total current liabilities $13.5M$9.9M$8.8M$10.9M$10.3M$10.2M$7.9M$13.6M$12.4M$10.4M
Long-term debt $15.0K$1.8M——$1.5M$3.7M$7.1M$6.5M$8.2M$4.2M
Total liabilities $15.7M$15.2M$13.4M$16.7M$12.1M$15.1M$16.9M$20.1M$20.6M$14.6M
Retained earnings -$137.5M-$136.9M-$137.7M-$146.7M-$152.8M-$157.2M-$148.7M-$134.0M-$117.5M-$96.4M
Total equity $68.9M$62.6M$53.9M$38.7M$27.2M$17.4M$18.5M$24.9M$10.9M$26.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $10.0M$7.1M$13.1M$9.5M$9.4M-$2.9M-$8.1M-$14.7M-$18.9M-$18.5M
Stock-based compensation $5.8M$6.7M$5.0M$4.4M$3.2M$4.0M$3.6M$2.7M$2.0M$1.1M
Capital expenditure $6.8M$3.0M$1.4M$2.8M$1.0M$320.0K$861.0K$1.9M$3.1M$1.0M
Investing cash flow -$8.7M-$3.1M-$1.4M-$2.6M-$1.0M-$320.0K-$861.0K-$1.9M-$3.1M-$1.0M
Financing cash flow $1.1M$1.1M-$1.6M-$1.5M-$1.5M$3.4M$85.0K$27.0M$5.2M$47.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-024076.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -25M 0 25M 50M 75M Revenue, FY2016: 27.1M Gross profit, FY2016: 14.7M Net income, FY2016: -16.7M Revenue, FY2017: 35.9M Gross profit, FY2017: 21.5M Net income, FY2017: -21.1M Revenue, FY2018: 49.4M Gross profit, FY2018: 25.3M Net income, FY2018: -17.8M Revenue, FY2019: 37.5M Gross profit, FY2019: 18.3M Net income, FY2019: -14.7M Revenue, FY2020: 42M Gross profit, FY2020: 18.1M Net income, FY2020: -8.5M Revenue, FY2021: 55.1M Gross profit, FY2021: 33.1M Net income, FY2021: 4.3M Revenue, FY2022: 60M Gross profit, FY2022: 33.9M Net income, FY2022: 6.1M Revenue, FY2023: 63.8M Gross profit, FY2023: 37.2M Net income, FY2023: 9.1M Revenue, FY2024: 50.4M Gross profit, FY2024: 26.1M Net income, FY2024: 781K Revenue, FY2025: 55.2M Gross profit, FY2025: 28.2M Net income, FY2025: -586K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $27.1M $35.9M $49.4M $37.5M $42.0M $55.1M $60.0M $63.8M $50.4M $55.2M
Gross profit $14.7M $21.5M $25.3M $18.3M $18.1M $33.1M $33.9M $37.2M $26.1M $28.2M
Net income -$16.7M -$21.1M -$17.8M -$14.7M -$8.5M $4.3M $6.1M $9.1M $781.0K -$586.0K

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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