EVERSPIN TECHNOLOGIES INC.
MRAM · Semiconductors & Related Devices · 23.4M shares · +4%/yr ↑ shares · EDGAR filings ↗
Reference price $26.40 · est. market cap ~$619M — last insider sale, 2026-05-29 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C56MRAM-memory maker near breakeven with a debt-free, cash-rich balance sheet.
Strengths
- Cash-rich, debt-free — current ratio 4.84 (76th), D/E 0.00
- Positive operating cash flow — OCF margin 18.0%
Risks
- Near-breakeven/net loss — operating margin -11.8%, net margin -1.1%, net income -175% (10th)
- Small scale, niche MRAM market — per 10-K
- Customer concentration — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -1.1%)
- Customer concentration~75% of revenue from one customer/distributor — 28 Table of Contents The following table sets forth our results of operations for the periods indicated: Year Ended December 31, 2025 2024 2025 2024 (In thousands) (As a percentage of re
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Notable holderHeld by 5 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC, STATE STREET CORP +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 19 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$18M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
51.2%
Operating margin
-11.8%
Net margin
-1.1%
Return on equity
-0.9%
Return on assets
-0.7%
ROIC
-7.5%
Revenue growth (QoQ)
0.5%
Net-income growth
-175.0%
Debt / equity
0.0×
Current ratio
4.8×
Free cash flow
$3M
EBITDA
-$3M
Tangible book value
$67M
Cash & investments
$44M
Stock comp / revenue
10.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-29 | FINCH LAWRENCE G | Sell | 400 | $27.03 |
| 2026-05-29 | FINCH LAWRENCE G | Sell | 268K | $26.40 |
| 2026-05-21 | MITCHELL DOUGLAS M | Grant | 3.9K | — |
| 2026-05-21 | Long Tara | Grant | 3.9K | — |
| 2026-05-21 | HAWK GLEN | Grant | 3.9K | — |
| 2026-05-21 | Billerbeck Darin G | Grant | 3.9K | — |
| 2026-05-21 | FINCH LAWRENCE G | Grant | 3.9K | — |
| 2026-05-21 | RIBAR GEOFFREY G | Grant | 3.9K | — |
| 2026-05-20 | Aggarwal Sanjeev | Option exercise | 12K | $8.17 |
| 2026-05-20 | RIBAR GEOFFREY G | Sell | 27K | $28.87 |
| 2026-05-20 | Cooper William Earl | Sell | 10K | $29.13 |
| 2026-05-20 | Aggarwal Sanjeev | Option exercise | 39K | $5.62 |
| 2026-05-18 | Aggarwal Sanjeev | Option exercise | 1.8K | $5.62 |
| 2026-05-18 | Aggarwal Sanjeev | Sell | 83K | $32.48 |
| 2026-05-18 | Aggarwal Sanjeev | Sell | 19K | $33.21 |
| 2026-05-18 | Aggarwal Sanjeev | Option exercise | 100K | $8.17 |
| 2026-05-15 | HAWK GLEN | Sell | 9.4K | $39.13 |
| 2026-05-15 | Aggarwal Sanjeev | Option exercise | 8.8K | $5.62 |
| 2026-05-15 | Aggarwal Sanjeev | Sell | 8.8K | $40.00 |
| 2026-05-15 | HAWK GLEN | Sell | 17K | $37.10 |
| 2026-05-15 | HAWK GLEN | Sell | 21K | $38.09 |
| 2026-05-15 | HAWK GLEN | Sell | 400 | $39.97 |
| 2026-05-11 | FINCH LAWRENCE G | Sell | 42K | $34.29 |
| 2026-05-11 | Billerbeck Darin G | Option exercise | 30K | $8.52 |
| 2026-05-11 | Billerbeck Darin G | Sell | 30K | $37.16 |
| 2026-05-06 | Cooper William Earl | Sell | 11K | $21.75 |
| 2026-05-06 | FINCH LAWRENCE G | Grant | 637 | — |
| 2026-05-04 | Aggarwal Sanjeev | Sell | 28K | $19.58 |
| 2026-04-01 | Cooper William Earl | Sell | 1.5K | $9.20 |
| 2026-04-01 | Aggarwal Sanjeev | Sell | 19K | $9.20 |
| 2026-03-31 | Cooper William Earl | Grant | 80K | — |
| 2026-03-31 | Aggarwal Sanjeev | Grant | 311K | — |
| 2026-03-31 | Dougherty Sean Michael | Grant | 18K | — |
| 2026-03-11 | FINCH LAWRENCE G | Grant | 1.5K | — |
| 2026-02-04 | Aggarwal Sanjeev | Option exercise | 834 | $9.12 |
| 2026-02-04 | Aggarwal Sanjeev | Option exercise | 6.2K | $6.35 |
| 2026-01-07 | Cooper William Earl | Sell | 6.8K | $12.06 |
| 2026-01-05 | Aggarwal Sanjeev | Sell | 25K | $10.22 |
| 2025-11-25 | Long Tara | Sell | 7.5K | $7.70 |
| 2025-11-12 | FINCH LAWRENCE G | Grant | 1.5K | — |
| 2025-11-10 | Billerbeck Darin G | Option exercise | 12K | $7.20 |
| 2025-11-10 | Billerbeck Darin G | Sell | 12K | $9.42 |
| 2025-10-02 | Aggarwal Sanjeev | Sell | 17K | $10.15 |
| 2025-08-13 | FINCH LAWRENCE G | Grant | 2.2K | — |
| 2025-08-08 | Aggarwal Sanjeev | Sell | 1.8K | $6.02 |
| 2025-08-07 | Aggarwal Sanjeev | Sell | 1.4K | $6.10 |
| 2025-08-05 | Dougherty Sean Michael | Grant | 80K | — |
| 2025-07-03 | Aggarwal Sanjeev | Sell | 13K | $6.82 |
| 2025-07-02 | Aggarwal Sanjeev | Sell | 17K | $6.47 |
| 2025-05-28 | Schrenk David | Sell | 3.8K | $5.77 |
| 2025-05-22 | Billerbeck Darin G | Grant | 20K | — |
| 2025-05-22 | HAWK GLEN | Grant | 20K | — |
| 2025-05-22 | FINCH LAWRENCE G | Grant | 20K | — |
| 2025-05-22 | Long Tara | Grant | 20K | — |
| 2025-05-22 | RIBAR GEOFFREY G | Grant | 20K | — |
| 2025-05-07 | FINCH LAWRENCE G | Grant | 2.3K | — |
| 2025-05-05 | Schrenk David | Sell | 20K | $5.70 |
| 2025-04-03 | Aggarwal Sanjeev | Sell | 13K | $4.77 |
| 2025-04-02 | Aggarwal Sanjeev | Sell | 17K | $5.00 |
| 2025-03-18 | Schrenk David | Sell | 2.4K | $5.13 |
| 2025-03-17 | Schrenk David | Sell | 2.0K | $5.30 |
| 2025-03-11 | Schrenk David | Sell | 377 | $5.24 |
| 2025-03-07 | Aggarwal Sanjeev | Sell | 35K | $5.37 |
| 2025-03-06 | FINCH LAWRENCE G | Grant | 2.5K | — |
| 2025-03-03 | Schrenk David | Sell | 2.7K | $5.60 |
| 2025-02-24 | Aggarwal Sanjeev | Grant | 275K | — |
| 2025-02-24 | Schrenk David | Grant | 50K | — |
| 2025-02-24 | Cooper William Earl | Grant | 100K | — |
| 2025-02-24 | Schrenk David | Grant | 50K | — |
| 2025-02-24 | Aggarwal Sanjeev | Grant | 275K | — |
| 2025-01-06 | Aggarwal Sanjeev | Option exercise | 1.9K | $2.23 |
| 2025-01-06 | Aggarwal Sanjeev | Option exercise | 938 | $2.56 |
| 2025-01-03 | Aggarwal Sanjeev | Sell | 28K | $6.29 |
| 2025-01-03 | Tenorio Matthew | Sell | 1.7K | $6.29 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | Exec/director changeShareholder voteOtherExhibits | filing ↗ |
| 2026-04-29 | Results | filing ↗ |
| 2026-04-29 | Material agreement | filing ↗ |
| 2026-04-10 | Material agreementReg FDExhibits | filing ↗ |
| 2026-03-04 | Results | filing ↗ |
| 2026-02-02 | Other | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
| 2025-08-06 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-21 | 0001628280-26-037780 ↗ |
| 8-K | 2026-04-29 | 2026-04-24 | 0001628280-26-028432 ↗ |
| 10-Q | 2026-04-29 | 2026-03-31 | 0001628280-26-028464 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001628280-26-028376 ↗ |
| 8-K | 2026-04-10 | 2026-04-08 | 0001628280-26-024696 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001628280-26-014611 ↗ |
| 10-K | 2026-03-04 | 2025-12-31 | 0001628280-26-014733 ↗ |
| 8-K | 2026-02-02 | 2026-01-28 | 0001628280-26-004681 ↗ |
| 8-K | 2025-11-05 | 2025-09-30 | 0001628280-25-049548 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001628280-25-049703 ↗ |
| 8-K | 2025-08-06 | 2025-06-30 | 0001558370-25-010516 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001558370-25-010568 ↗ |