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Everspin Technologies, Inc.

MRAM NASDAQ Categories PDF
Technology · Semiconductors · United States · Updated May 11, 1:54am
$26.99
Price
$632.9M
Market Cap
86
Employees
0.94
Beta
Sanjeev Aggarwal
CEO
Business Description

Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for embedded MRAM. The company provides its products for applications, including data center, industrial, medical, automotive/transportation, and aerospace markets. It serves original equipment manufacturers and original design manufacturers through a direct sales channel and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.

Business History
Price Overview
Last updated: May 11, 2026 12:48pm (just now)
$41.15
+14.16 (+52.46%)
Day Range
$33.66 – $42.00
52-Week Range
$5.49 – $42.00
50-Day MA
$11.88
200-Day MA
$9.93
Volume
17,924,947.53
Analyst Price Targets
Low $9.00
Consensus $9.00
High $9.00
(1 analysts)
Share Structure
Outstanding 23,447,574.00
Float 18,802,349.00
Free Float 80.2%
High free float — 80.2% of shares trade freely, ~19.8% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
3,352.54
Stock Price: $26.99
EPS (Diluted): -0.03
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
3.04
Stock Price: $26.99
Total Equity: $68.92M
Shares: 22,568,253
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-352.48
Market Cap: $632.85M
Total Debt: $0.00
Cash: $44.45M
EBITDA: -$3.30M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$168.3M
Market Cap: $632.85M
Total Debt: $0.00
Cash: $44.45M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
51.2%
Gross Profit: $28.24M
Revenue: $55.20M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-11.8%
Operating Income: -$6.51M
Revenue: $55.20M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-1.1%
Net Income: -$586,000
Revenue: $55.20M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
0.4%
Net Income: -$586,000
Total Equity: $68.92M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-7.3%
Operating Income: -$6.51M
Tax Rate: -28.2%
Equity: $68.92M
Total Debt: $0.00
Cash: $44.45M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
4.84
Current Assets: $65.16M
Current Liabilities: $13.45M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $68.92M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$2.45
Revenue: $55.20M
Shares: 22,568,253
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$3.05
Total Equity: $68.92M
Shares: 22,568,253
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$0.14
Operating CF: $9.96M
CapEx: -$6.84M
Shares: 22,568,253
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $26.99
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$586,000
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MRAM against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $55.1M $60.0M $63.8M $50.4M $55.2M
Cost of Revenue $22.1M $26.0M $26.5M $24.3M $27.0M
Gross Profit $33.1M $33.9M $37.2M $26.1M $28.2M
Operating Expenses $28.0M $27.7M $31.4M $33.2M $34.8M
Operating Income $5.0M $6.2M $5.9M -$7.1M -$6.5M
Net Income $4.3M $6.1M $9.1M $781,000 $-586,000
EBITDA $6.3M $7.4M $10.3M $2.5M -$3.3M
EPS $0.22 $0.30 $0.44 $0.04 $-0.03
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $21.4M $26.8M $36.9M $42.1M $44.5M
Total Current Assets $36.8M $44.7M $57.9M $64.2M $65.2M
Total Assets $39.4M $55.3M $67.3M $77.8M $84.6M
Current Liabilities $10.3M $10.9M $8.8M $9.9M $13.5M
Long-Term Debt $1.5M $0 $0 $0 $0
Total Liabilities $12.1M $16.7M $13.4M $15.2M $15.7M
Total Equity $27.2M $38.7M $53.9M $62.6M $68.9M
Retained Earnings -$152.8M -$146.7M -$137.7M -$136.9M -$137.5M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $9.4M $9.5M $13.1M $7.1M $10.0M
Capital Expenditure -$1.0M -$2.8M -$1.4M -$3.0M -$6.8M
Free Cash Flow $8.3M $6.7M $11.7M $4.1M $3.1M
Acquisitions (net) $0 $0 $0 $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $6.8M $5.4M $10.2M $5.2M $2.4M
Analyst Estimates (Annual)
Metric 2025 2026 2027 2028
Revenue $54.8M
$54.8M – $54.9M
 $69.3M
$64.4M – $74.1M
 $77.8M
$71.6M – $84.0M
 $84.6M
$84.4M – $84.8M
EBITDA $4.3M
$4.3M – $4.3M
 $5.4M
$5.0M – $5.8M
 $6.1M
$5.6M – $6.5M
 $6.6M
$6.6M – $6.6M
Net Income $-564,206
$-619,322 – $-509,090
 $400,000
$385,311 – $743,101
 $3.5M
$2.5M – $4.2M
 $6.5M
$5.5M – $6.7M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +8.8% +6.3% -21.0% +9.5%
Gross Profit Growth +2.6% +9.7% -29.9% +8.1%
Operating Income Growth +23.7% -5.5% -220.5% +8.2%
Net Income Growth +41.1% +47.7% -91.4% -175.0%
EBITDA Growth +16.5% +39.3% -76.0% -233.3%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-06 Cooper William Earl S-Sale 11,000.00 $21.75 $239,250
2026-05-06 FINCH LAWRENCE G A-Award 637.00 $0.00 $0
2026-05-04 Aggarwal Sanjeev S-Sale 28,459.00 $19.58 $557,227
2026-03-31 Aggarwal Sanjeev A-Award 310,825.00 $0.00 $0
2026-04-01 Aggarwal Sanjeev S-Sale 19,440.00 $9.20 $178,848
2026-03-31 Cooper William Earl A-Award 80,386.00 $0.00 $0
2026-04-01 Cooper William Earl S-Sale 1,549.00 $9.20 $14,251
2026-03-31 Dougherty Sean Michael A-Award 18,006.00 $0.00 $0
2026-03-11 FINCH LAWRENCE G A-Award 1,502.00 $0.00 $0
2026-02-04 Aggarwal Sanjeev M-Exempt 6,250.00 $6.35 $39,688
2026-02-04 Aggarwal Sanjeev M-Exempt 834.00 $9.12 $7,606
2026-02-04 Aggarwal Sanjeev M-Exempt 834.00 $9.12 $7,606
2026-02-04 Aggarwal Sanjeev M-Exempt 6,250.00 $6.35 $39,688
2026-01-07 Cooper William Earl S-Sale 6,807.00 $12.06 $82,092
2026-01-05 Aggarwal Sanjeev S-Sale 25,345.00 $10.22 $259,026
2025-11-25 Long Tara S-Sale 7,500.00 $7.70 $57,750
2025-11-12 FINCH LAWRENCE G A-Award 1,529.00 $0.00 $0
2025-11-10 Billerbeck Darin G M-Exempt 12,000.00 $7.20 $86,400
2025-11-10 Billerbeck Darin G S-Sale 12,000.00 $9.42 $113,040
2025-11-10 Billerbeck Darin G M-Exempt 12,000.00 $7.20 $86,400
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27