MRAM on Nasdaq

Everspin Technologies

Public semiconductor company

Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

2008Founded1

Compare with SEQUANS COMMUNICATIONS, Navitas Semiconductor or Arteris, Inc., or pick any stock.

  • TickerMRAM on Nasdaq1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersChandler1
  • Websitewww.everspin.com
  • Legal formDelaware corporation1
  • Incorporated inUnited States5
  • Business address5670 W. Chandler Boulevard, Suite 130, Chandler, Az 852265
  • Filer categoryNon-accelerated filer, Smaller reporting company5
  • LEI549300MNDRV7X6PEDF154
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O National Registered Agents, Inc., 19904 Dover, United States4
  • Registered withDivision of Corporations, Department of State, 45484024

Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performing backend foundry services for eMRAM.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

51.2%Gross margin7
-11.8%Operating margin7
-1.1%Net margin7
9.5%Revenue growth, 20257
-0.9%Return on equity7
0.00×Debt to equity7
$3.1MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 87% of the revenue Everspin Technologies broke down this way in fiscal 2025.

  1. Product$48.3M787%up 14% from 2024
  2. Product and Service, Other$5.0M79%up 336% from 2024
  3. License$1.1M72%down 83% from 2024
  4. Royalty$774.0K71%up 11% from 2024
Products and services by year
Products and services20242025
Product$42.2M$48.3M
Product and Service, Other$1.2M$5.0M
License$6.3M$1.1M
Royalty$700.0K$774.0K

Regions

Singapore brought in 20% of the revenue Everspin Technologies broke down this way in fiscal 2025.

  1. Singapore$13.2M720%up 291% from 2024
  2. All Other Country$12.2M719%up 75% from 2024
  3. United States$9.9M715%down 1% from 2024
  4. EMEA$9.8M715%down 11% from 2024
  5. Hong Kong$6.7M710%down 59% from 2024
  6. DEMember$6.2M710%down 14% from 2024
  7. Japan$6.1M79%up 2% from 2024
  8. CA [member]$1.0M72%up 39% from 2024
Regions by year
Regions20242025
Singapore$3.4M$13.2M
All Other Country$7.0M$12.2M
United States$10.0M$9.9M
EMEA$11.0M$9.8M
Hong Kong$16.2M$6.7M
DEMember$7.2M$6.2M
Japan$6.0M$6.1M
CA [member]$742.0K$1.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue49¢$27.0M
  • Research and development26¢$14.1M
  • Other costs25¢$14.0M
  • Income tax0¢$129.0K

Out of $55.2M in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending69¢$6.8M
  • Kept or used elsewhere31¢$3.1M

Out of $10.0M of cash from operations.7

Financial statements

Revenue891011127$55.2M in 2025+47% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $37.5M$37.5M20192020: $42.0M$42.0M2020+12%2021: $55.1M$55.1M2021+31%2022: $60.0M$60.0M2022+9%2023: $63.8M$63.8M2023+6%2024: $50.4M$50.4M2024−21%2025: $55.2M$55.2M2025+10%
Gross profit891011127$28.2M in 2025+54% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $18.3M$18.3M20192020: $18.1M$18.1M2020−1%2021: $33.1M$33.1M2021+83%2022: $33.9M$33.9M2022+3%2023: $37.2M$37.2M2023+10%2024: $26.1M$26.1M2024−30%2025: $28.2M$28.2M2025+8%
Operating income891011127-$6.5M in 2025−55% since 2019
-$20.0M-$10.0M0$10.0M2019: -$14.4M-$14.4M20192020: -$7.6M-$7.6M2020−48%2021: $5.0M$5.0M20212022: $6.2M$6.2M2022+24%2023: $5.9M$5.9M2023−5%2024: -$7.1M-$7.1M20242025: -$6.5M-$6.5M2025−8%
Net income891011127-$586.0K in 2025−96% since 2019
-$20.0M-$10.0M0$10.0M2019: -$14.7M-$14.7M20192020: -$8.5M-$8.5M2020−42%2021: $4.3M$4.3M20212022: $6.1M$6.1M2022+41%2023: $9.1M$9.1M2023+48%2024: $781.0K$781.0K2024−91%2025: -$586.0K-$586.0K2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.7

Period ending2025-12-312024-12-31
Total revenue$55.2M$50.4M
Total cost of sales$27.0M$24.3M
Gross profit$28.2M$26.1M
Research and development$14.1M$13.7M
General and administrative$14.6M$14.1M
Sales and marketing$6.1M$5.4M
Total operating expenses$34.8M$33.2M
Loss from operations-$6.5M-$7.1M
Interest income$1.6M$1.8M
Other income, net$4.4M$6.1M
Net (loss) income before income taxes-$457.0K$741.0K
Income tax (expense) benefit-$129.0K$40.0K
Net (loss) income and comprehensive (loss) income-$586.0K$781.0K
Basic (in dollars per share)-$0.03$0.04
Diluted (in dollars per share)-$0.03$0.04
Basic (in shares)22.6M shares21.6M shares
Diluted (in shares)22.6M shares22.2M shares

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The story

The path to MRAM began in 1984 when the GMR effect was discovered by Albert Fert and Peter Grünberg. Twelve years later, in 1996, spin-transfer torque was proposed, enabling a magnetic tunnel junction or spin valve to be modified with a spin-polarized current. At this point, Motorola began its MRAM research, which led to its first MTJ in 1998. A year later, in 1999, Motorola developed a 256Kb MRAM Test Chip that enabled work to begin on productizing MRAM technology, which was followed by a patent for Toggle being granted to Motorola in 2002. The industry's first MRAM (4Mb) product became commercially available in 2006.

Much of the early MRAM work was done by Motorola, which spun off its semiconductor business in 2004, creating Freescale Semiconductor in 2008, which eventually spun out the MRAM business as Everspin Technologies.

In 2008, Everspin announced BGA packages for its MRAM product family that would support densities from 256Kb to 4Mb. The following year, in 2009, Everspin released its first-generation SPI MRAM product family and began shipping the first embedded MRAM samples in conjunction with GlobalFoundries. By 2010, Everspin had begun ramping production and sold its first million MRAMs. That same year qualification had completed on the industry's first embedded MRAM and 16Mb densities had been released.

With production ramping, Everspin shipped its four millionth stand-alone MRAM and its two millionth embedded MRAM by 2011. The 64Mb ST-MRAM, which was produced on a 90 nm process occurred in 2012.

In 2014 Everspin partnered with GlobalFoundries for production of in-plane and perpendicular MTJ ST-MRAM on 300mm wafers, utilizing 40 nm and 28 nm node processes.

By 2016, Everspin had announced it was shipping samples of the industry's first 256Mb ST-MRAM to customers, GlobalFoundries announced 22 nm embedded MRAM in conjunction with Everspin, and Everspin went public in an IPO later in the year on October 7.

In 2017, Everspin expanded support for MRAM to FPGAs by bringing DDR3 and DDR4 compatibility to its ST-MRAM products, making it compatible with Xilinx's UltraScale FPGA memory controller. On September 1, 2017, Kevin Conley was named Everspin CEO and President. Conley was the former CTO of SanDisk and brings enterprise storage expertise to the company.

In 2018, Everspin ramped production volumes of its 256Mb STT-MRAM and in December shipped its first customer samples of the 1Gb STT-MRAM.

Read the full text

In 2019, Everspin began pre-production of its 1Gb STT-MRAM in June and announced the expansion of the design-in ecosystem to enable system designers to implement the 1Gb ST-DDR4 product in their designs.

From Wikipedia’s article on Everspin Technologies, shared under CC BY-SA 4.0.6

Leadership

Who has led Everspin Technologies, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (28)

Products and brands

Technology

MRAM uses the magnetism of electron spin to provide fast and enduring non-volatile memory. MRAM stores information in magnetic material that is integrated with silicon circuitry to deliver the speed of RAM with the non-volatility of Flash.

Headquartered in Chandler, Arizona, Everspin owns and operates a manufacturing line for its magnetic back-end-of-line wafer processing, using standard CMOS wafers from foundries. Everspin's current MRAM products are based on 180-nm, 130-nm, 40-nm, and 28-nm process technology nodes and industry standard packages.

Products

Toggle MRAM

Toggle MRAM memory utilizes the magnetism of electron spin, enabling the storage of data without volatility or wear-out. Toggle MRAM utilizes a single transistor and a single MTJ cell in order to provide a durable, high-density memory. Because of the non-volatility of Toggle MRAM, data that is held in this memory is accessible for 20 years, at temperature (from -40c to 150c). The MTJ is composed of a fixed magnetic layer, a thin dielectric tunnel barrier, and a free magnetic layer. When a bias is applied to the Spin Toggle's MTJ, electrons that are spin polarized by the magnetic layers "tunnel" across the dielectric barrier. The MTJ device has a low resistance when the magnetic moment of the free layer is parallel to the fixed layer and a high resistance when the free layer moment is oriented anti-parallel to the fixed layer moment.

Production densities include 128Kb to 16Mb; available in Parallel and SPI interfaces; DFN, SOIC, BGA, and TSOP2 packages

Read the full text

Spin-transfer torque MRAM

Spin-transfer torque is a type of MRAM memory (STT-MRAM) built with a perpendicular MTJ that uses the spin-transfer torque property (the manipulation of the spin of electrons with a polarizing current) to manipulate the magnetic state of the free layer to program, or write, the bits in the memory array. Everspin's Perpendicular MTJ stack designs with high perpendicular magnetic anisotropy bring long data retention, small cell size, high density, high endurance, and low power. STT-MRAM has lower switching energy compared to Toggle MRAM, and can reach higher densities. STT-MRAM products from Everspin are compatible with JEDEC standard interfaces for DDR3 and DDR4 (with some modifications needed for MRAM technology). In this mode, the DDR3 product can act like a persistent (non-volatile) DRAM and require no refresh, while the DDR4 product has self-refresh mode under idle state conditions. The DDR4 compatible STT-MRAM devices, with a 1Gb density, began early sampling to customers in early August 2017. In June 2019, the 1Gb STT-MRAM entered pilot production. In 2020 GlobalFoundries started using its 12nm production platform for Everspin's MRAM. The companies worked together since 2014, when GlobalFoundries produced 48nm MRAM products.

nvNITRO Storage Accelerators

Everspin developed nvNITRO products to address storage requirements that are typically being served by NVMe products. There are two different form factors, HHHL (PCIe Gen3 x8), and U.2. These devices can store up to 1GB in data today, with greater capacities planned as MRAM densities scale up over time. nvNITRO products can handle both NVMe 1.1 and block storage requirements. Because these products are built on MRAM, they do not require the battery backup of typical magnetic storage products in order to protect data in flight. Everspin officially launched the first version of the nvNITRO in August 2017, based on 256Mb ST-MRAM (1GB and 2GB capacities). Future versions will be based on the upcoming 1Gb ST-MRAM densities which recently began sampling to customers. SMART Modular Technologies has signed up as an nvNITRO technology partner and will sell nvNITRO storage accelerators under its brand name.

Embedded MRAM

Everspin has partnered with GlobalFoundries to integrate MRAM into standard CMOS technology, enabling it to be integrated, non-destructively, into CMOS logic designs. The embedded MRAM can replace embedded flash, DRAM or SRAM in any CMOS design, delivering similar capacities of memory with non-volatility. Embedded MRAM can be integrated into 65 nm, 40 nm, 28 nm and now in GlobalFoundries 22FDX process which is 22 nm and utilizes fully depleted silicon-on-insulator (FD-SOI).

From Wikipedia’s article on Everspin Technologies, shared under CC BY-SA 4.0.6

Former names

  • EVERSPIN TECHNOLOGIES INCJun 20, 2008 to Jan 8, 20255

Timeline

  1. Mar 16, 2022New chief executive Sanjeev Aggarwal becomes CEO15
  2. Jan 25, 2021New chief executive Darin G. Billerbeck becomes CEO16
  3. Sep 6, 2017New chief executive Kevin Conley becomes CEO17
  4. Oct 7, 2016New chief executive Phillip Lopresti becomes CEO18
  5. 2008Founded Founded1

Filings

342 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 37 major events, 202 insider forms, 20 large holders, 63 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 5, 20264 EDGAR
  3. Oct 5, 20264 EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 13, 2026SCHEDULE 13G/A EDGAR
  6. Aug 12, 20264 EDGAR
  7. Aug 12, 20263 EDGAR
  8. Aug 12, 20268-K EDGAR
  9. Aug 7, 2026SCHEDULE 13G EDGAR
  10. Aug 6, 20264 EDGAR
  11. Aug 6, 20264 EDGAR
  12. Aug 6, 20264 EDGAR
  13. Aug 6, 2026S-8 EDGAR
  14. Aug 5, 202610-Q EDGAR
  15. Aug 5, 20268-K EDGAR
  16. Jul 28, 2026SCHEDULE 13G EDGAR
  17. Jul 27, 2026SCHEDULE 13G/A EDGAR
  18. Jul 17, 20268-K EDGAR
  19. Jul 8, 20264/A EDGAR
  20. Jul 8, 20264/A EDGAR

The 342 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

130 open-market trades by officers, directors and large owners since October 2021: 0 buys and 130 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 6, 2026Aggarwal SanjeevPresident and CEOSale36,289$19.65$713.1KForm 4
Jul 6, 2026Cooper William EarlChief Financial OfficerSale1,821$19.65$35.8KForm 4
Jul 6, 2026Dougherty Sean MichaelVice President, SalesSale422$19.65$8.3KForm 4
Jul 1, 2026Dougherty Sean MichaelVice President, SalesSale358$22.34$8.0KForm 4
Jul 1, 2026Aggarwal SanjeevPresident and CEOSale30,885$22.34$690.0KForm 4
Jul 1, 2026Cooper William EarlChief Financial OfficerSale1,549$22.34$34.6KForm 4
May 29, 2026FINCH LAWRENCE GDirectorSale268,130$26.40$7.1MForm 4
May 20, 2026RIBAR GEOFFREY GDirectorSale27,488$28.87$793.6KForm 4
May 20, 2026Cooper William EarlChief Financial OfficerSale10,000$29.13$291.3KForm 4
May 18, 2026Aggarwal SanjeevPresident and CEOSale102,192$32.62$3.3MForm 4
May 15, 2026Aggarwal SanjeevPresident and CEOSale8,784$40.00$351.4KForm 4
May 15, 2026HAWK GLENDirectorSale48,563$37.95$1.8MForm 4
May 11, 2026FINCH LAWRENCE GDirectorSale41,961$34.29$1.4MForm 4
May 11, 2026Billerbeck Darin GDirectorSale30,000$37.16$1.1MForm 4
May 6, 2026Cooper William EarlChief Financial OfficerSale11,000$21.75$239.2KForm 4
May 4, 2026Aggarwal SanjeevPresident and CEOSale28,459$19.58$557.2KForm 4
Apr 2, 2026Aggarwal SanjeevPresident and CEOSale20,398$8.80$179.5KForm 4
Apr 2, 2026Cooper William EarlChief Financial OfficerSale1,627$8.80$14.3KForm 4
Apr 1, 2026Aggarwal SanjeevPresident and CEOSale19,440$9.20$178.8KForm 4
Apr 1, 2026Cooper William EarlChief Financial OfficerSale1,549$9.20$14.3KForm 4

All 130 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,735,955$42.0M0.0%+1,384,402
State Street Corp1,194,781$28.9M0.0%+1,108,393
D. E. Shaw & Co., Inc.857,866$20.7M0.0%+349,035
Marshall Wace, Llp833,578$20.2M0.0%−30,384
Vanguard Capital Management LLC824,579$19.9M0.0%+12,942
AWM Investment Company, Inc.750,000$18.1M1.6%−1,327,241
Jane Street Group, LLC623,845$15.1M0.0%+314,257
Two Sigma Investments, LP540,138$13.1M0.0%+441,271
Geode Capital Management, LLC504,236$12.2M0.0%+277,025
Dimensional Fund Advisors LP365,915$8.8M0.0%−43,095
Renaissance Technologies LLC316,370$7.6M0.0%−17,997
Millennium Management LLC308,750$7.5M0.0%+1,017
Silvercrest Asset Management Group LLC259,919$6.3M0.0%New
HERALD INVESTMENT MANAGEMENT Ltd241,750$5.8M0.8%−358,250
Northern Trust Corp187,162$4.5M0.0%+114,740
IMC-Chicago, LLC179,302$4.3M0.0%New
Susquehanna International Group, Llp174,260$4.2M0.0%−87,010
ArrowMark Colorado Holdings LLC145,000$3.5M0.1%+84,864
Vanguard Fiduciary Trust Co137,302$3.3M0.0%+26,446
Vanguard Portfolio Management LLC134,437$3.3M0.0%New
Goldman Sachs Group Inc113,854$2.8M0.0%+39,492
Point72 Asset Management, L.P.91,452$2.2M0.0%+54,786
Informed Momentum Co LLC82,251$2.0M0.2%+30,936
Bank of New York Mellon Corp81,396$2.0M0.0%+40,796
Jump Financial, LLC75,211$1.8M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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