# Everspin Technologies Inc. (MRAM)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $521M  
**Price:** $23.11 (+1.07%)

> Everspin Technologies Inc. is a semiconductor company specializing in magnetoresistive random access memory (MRAM) solutions. It develops and manufactures discrete MRAM products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) families, which combine the speed of static RAM with the non-volatility of flash memory, ensuring data retention without power and high endurance for critical applications. The company also produces TMR sensors, nvNITRO storage accelerators for high-performance NVMe-like requirements without battery backups, and licenses technology for embedded MRAM (eMRAM) integration into CMOS designs. Everspin Technologies Inc. supports interfaces like DDR3 and DDR4, with validation for use in Field Programmable Gate Arrays (FPGAs) from providers such as Lattice Semiconductor. Its products serve industrial, aerospace, defense, and data storage sectors where reliability, persistence, and low power are essential. Headquartered in Chandler, Arizona since 2008, Everspin operates its own magnetic backend wafer processing line using standard CMOS from foundries, positioning it as a key innovator in persistent memory technology.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $55M | $28M | -$7M | -$586,000 | — |
| 2024 | $50M | $26M | -$7M | $781,000 | — |
| 2023 | $64M | $37M | $6M | $9M | — |
| 2022 | $60M | $34M | $6M | $6M | — |
| 2021 | $55M | $33M | $5M | $4M | — |
| 2020 | $42M | $18M | -$8M | -$9M | — |
| 2019 | $38M | $18M | -$14M | -$15M | — |
| 2018 | $49M | $25M | -$17M | -$18M | — |
| 2017 | $36M | $21M | -$20M | -$21M | — |
| 2016 | $27M | $15M | -$16M | -$17M | — |
| 2015 | $27M | $14M | -$18M | -$18M | — |
| 2014 | $25M | $13M | -$10M | -$10M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $85M | $16M | $69M | $44M | $15,000 |
| 2024 | $78M | $15M | $63M | $42M | $2M |
| 2023 | $67M | $13M | $54M | $37M | — |
| 2022 | $55M | $17M | $39M | $27M | — |
| 2021 | $39M | $12M | $27M | $21M | $2M |
| 2020 | $33M | $15M | $17M | $15M | $4M |
| 2019 | $35M | $17M | $18M | $14M | $7M |
| 2018 | $45M | $20M | $25M | $23M | $7M |
| 2017 | $31M | $21M | $11M | $13M | $8M |
| 2016 | $41M | $15M | $27M | $30M | $4M |
| 2015 | $11M | $17M | -$70M | $2M | $7M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $10M | $7M | $3M |
| 2024 | $7M | $3M | $4M |
| 2023 | $13M | $1M | $12M |
| 2022 | $9M | $3M | $7M |
| 2021 | $9M | $1M | $8M |
| 2020 | -$3M | $320,000 | -$3M |
| 2019 | -$8M | $861,000 | -$9M |
| 2018 | -$15M | $2M | -$17M |
| 2017 | -$19M | $3M | -$22M |
| 2016 | -$19M | $1M | -$20M |
| 2015 | -$11M | $1M | -$12M |

Source: [CompaniesByCap](https://companiesbycap.com/company/MRAM)