# Everspin Technologies Inc.: overview

MRAM · Nasdaq · CIK 1438423 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mram.md) · [Financials](/companies/mram/financials.md) · [Filings](/companies/mram/filings.md) · [Insiders](/companies/mram/insiders.md)

Latest reported revenue: [$18.7m](/filings/0001628280-26-053558.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-053558).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [12.1](/filings/0001628280-25-049703.md) | [13.2 d](/filings/0001628280-26-014733.md) | [13.1](/filings/0001628280-26-028464.md) | [13.2](/filings/0001628280-26-053558.md) | [14.1](/filings/0001628280-25-049703.md) | [14.8 d](/filings/0001628280-26-014733.md) | [14.9](/filings/0001628280-26-028464.md) | [18.7](/filings/0001628280-26-053558.md) |
| Gross margin | % | [49.2%](/filings/0001628280-25-049703.md) | [51.3% d](/filings/0001628280-26-014733.md) | [51.4%](/filings/0001628280-26-028464.md) | [51.3%](/filings/0001628280-26-053558.md) | [51.3%](/filings/0001628280-25-049703.md) | [50.8% d](/filings/0001628280-26-014733.md) | [52.7%](/filings/0001628280-26-028464.md) | [53.9%](/filings/0001628280-26-053558.md) |
| Operating margin | % | [(17.5%)](/filings/0001628280-25-049703.md) | [(11.8%) d](/filings/0001628280-26-014733.md) | [(14.7%)](/filings/0001628280-26-028464.md) | [(14.9%)](/filings/0001628280-26-053558.md) | [(11.0%)](/filings/0001628280-25-049703.md) | [(7.2%) d](/filings/0001628280-26-014733.md) | [(18.3%)](/filings/0001628280-26-028464.md) | [(23.4%)](/filings/0001628280-26-053558.md) |
| Net margin | % | [18.8%](/filings/0001628280-25-049703.md) | [9.2% d](/filings/0001628280-26-014733.md) | [(8.9%)](/filings/0001628280-26-053558.md) | [(5.1%)](/filings/0001628280-26-053558.md) | [0.4%](/filings/0001628280-25-049703.md) | [8.1% d](/filings/0001628280-26-014733.md) | [(2.0%)](/filings/0001628280-26-053558.md) | [(19.2%)](/filings/0001628280-26-053558.md) |
| Diluted EPS | $ per share | [0.10](/filings/0001628280-25-049703.md) | not reported | [(0.05)](/filings/0001628280-26-028464.md) | [(0.03)](/filings/0001628280-26-053558.md) | [0.00](/filings/0001628280-25-049703.md) | not reported | [(0.01)](/filings/0001628280-26-028464.md) | [(0.15)](/filings/0001628280-26-053558.md) |
| Free cash flow | $m | [2.8 d](/filings/0001628280-25-049703.md) | [2.1 d](/filings/0001628280-26-014733.md) | [0.5](/filings/0001628280-26-028464.md) | [3.0 d](/filings/0001628280-26-053558.md) | [0.5 d](/filings/0001628280-25-049703.md) | [(1.0) d](/filings/0001628280-26-014733.md) | [(3.8)](/filings/0001628280-26-028464.md) | [(1.2) d](/filings/0001628280-26-053558.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [55.1](/filings/0001558370-23-002697.md) | [60.0](/filings/0001558370-24-002185.md) | [63.8](/filings/0001558370-25-001827.md) | [50.4](/filings/0001628280-26-014733.md) | [55.2](/filings/0001628280-26-014733.md) |
| Gross margin | % | [60.0%](/filings/0001558370-23-002697.md) | [56.6%](/filings/0001558370-24-002185.md) | [58.4%](/filings/0001558370-25-001827.md) | [51.8%](/filings/0001628280-26-014733.md) | [51.2%](/filings/0001628280-26-014733.md) |
| Operating margin | % | [9.1%](/filings/0001558370-23-002697.md) | [10.4%](/filings/0001558370-24-002185.md) | [9.2%](/filings/0001558370-25-001827.md) | [(14.1%)](/filings/0001628280-26-014733.md) | [(11.8%)](/filings/0001628280-26-014733.md) |
| Net margin | % | [7.9%](/filings/0001558370-23-002697.md) | [10.2%](/filings/0001558370-24-002185.md) | [14.2%](/filings/0001558370-25-001827.md) | [1.5%](/filings/0001628280-26-014733.md) | [(1.1%)](/filings/0001628280-26-014733.md) |
| Diluted EPS | $ per share | [0.22](/filings/0001558370-23-002697.md) | [0.29](/filings/0001558370-24-002185.md) | [0.42](/filings/0001558370-25-001827.md) | [0.04](/filings/0001628280-26-014733.md) | [(0.03)](/filings/0001628280-26-014733.md) |
| Free cash flow | $m | [8.3](/filings/0001558370-23-002697.md) | [6.7](/filings/0001558370-24-002185.md) | [11.7](/filings/0001558370-25-001827.md) | [4.1](/filings/0001628280-26-014733.md) | [3.1](/filings/0001628280-26-014733.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mram/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $42.0m | 1,735,955 |  | Added +1,384,402 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $28.9m | 1,194,781 |  | Added +1,108,393 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $20.7m | 857,866 |  | Added +349,035 |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $20.2m | 833,578 |  | Reduced −30,384 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $19.9m | 824,579 |  | Added +12,942 |
| [AWM Investment Company, Inc.](/funds/1535264.md) | 2026-06-30 | $18.1m | 750,000 |  | Reduced −1,327,241 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $15.1m | 623,845 |  | Added +314,257 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $13.1m | 540,138 |  | Added +441,271 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $12.2m | 504,236 |  | Added +277,025 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $12.0m | 496,200 | Put | New +496,200 |

## Recent filings

[All 642 filings](/companies/mram/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-12 | 23:45 ET | [8-K](/filings/0001628280-26-055897.md) | 5.02 Departure or appointment of officers or directors | 0001628280-26-055897 |
| 2026-08-05 | 21:24 ET | [10-Q](/filings/0001628280-26-053558.md) | Quarterly report, period 2026-06-30 | 0001628280-26-053558 |
| 2026-08-05 | 20:16 ET | [8-K](/filings/0001628280-26-053376.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-053376 |
| 2026-07-17 | 20:22 ET | [8-K](/filings/0001628280-26-048671.md) | 5.02 Departure or appointment of officers or directors | 0001628280-26-048671 |
| 2026-05-22 | 20:59 ET | [8-K](/filings/0001628280-26-037780.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 8.01 Other events; 9.01 Financial statements and exhibits | 0001628280-26-037780 |
| 2026-04-29 | 21:18 ET | [10-Q](/filings/0001628280-26-028464.md) | Quarterly report, period 2026-03-31 | 0001628280-26-028464 |
| 2026-04-29 | 20:45 ET | [8-K](/filings/0001628280-26-028432.md) | 1.01 Entry into a material agreement | 0001628280-26-028432 |
| 2026-04-29 | 20:09 ET | [8-K](/filings/0001628280-26-028376.md) | 2.02 Results of operations | 0001628280-26-028376 |
| 2026-04-10 | 20:15 ET | [8-K](/filings/0001628280-26-024696.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-024696 |
| 2026-04-07 | 20:15 ET | [DEF 14A](/filings/0001628280-26-024076.md) | Proxy statement, period 2025-12-31 | 0001628280-26-024076 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-014733.md), filed Mar 4, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/9b5b115d-9f4b-4f1b-8f1e-78d3b5514d86)

## About the filer

- CIK: 1438423
- Tickers: MRAM
- Exchange: Nasdaq
- SIC code: 3674 Semiconductors & Related Devices
- State of incorporation: X1
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:40 ET. No prices; not investment advice.
