EVERSPIN TECHNOLOGIES INC.
Close on Oct 19, 2026
- Market cap
- $320.50M
- P/E (TTM)
- –
- Dividend yield
- 0.00%
About Everspin Technologies
Semiconductors & Related Devices, SIC 3674
Everspin Technologies designs, manufactures, and licenses Magnetoresistive Random Access Memory (MRAM) products and Tunnel Magneto Resistance (TMR) sensors. Its product portfolio features Toggle MRAM and Spin-transfer Torque MRAM, providing non-volatile data storage solutions. In addition to discrete components, the company delivers back-end wafer foundry services and licenses intellectual property. It serves customers across industrial, automotive, medical, aerospace, defense, and data center sectors. Products are distributed directly and through sales channels to original equipment manufacturers and design manufacturers.
Headquartered in Chandler, Arizona, the company operates a leased 200mm semiconductor fabrication cleanroom and runs a design facility in Austin, Texas. Advanced wafer production is conducted in partnership with GLOBALFOUNDRIES. It maintains sales and supply chain operations across the Americas, Europe, and Asia-Pacific, with a direct sales presence in the United States, Germany, Italy, Japan, Taiwan, and Hong Kong. Assembly and test operations are handled by third-party contractors located in Asian countries, including China and Taiwan.
Summary of the business section of Everspin Technologies's latest annual report, written by StockData.
Company profile
Company
- Legal name
- EVERSPIN TECHNOLOGIES INC.
- Founded
- 2008
- Headquarters
- Chandler, AZ
- Address
- 5670 W. Chandler Boulevard, Suite 130 85226
- Phone
- (480) 347-1111
- Website
- everspin.com
- Employees
- 85, Dec 31, 2025
- Industry
- Semiconductors & Related Devices
- Incorporated in
- X1
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, Phoenix, Arizona
Stock & identifiers
- Ticker
- MRAM
- Exchange
- Nasdaq
- IPO date
- Oct 7, 2016
- Shares outstanding
- 24M, Jul 30, 2026
- Public float
- $134.20M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- SEC CIK
- 1438423
- CUSIP
- 30041T104
- ISIN
- US30041T1043
- LEI
- 549300MNDRV7X6PEDF15
- EIN
- 26-2640654
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Sanjeev Aggarwal | President and CEO, Director | 846,923 |
| Sean Michael Dougherty | Vice President, Sales | 107,719 |
| William Earl Cooper | Chief Financial Officer | 157,741 |
| David Schrenk | VP SALES & BUS. DEVELOPMENT | 110,330 |
| Matthew Tenorio | Interim CFO | 14,228 |
| Vikas Choudhary | Director | 15,693 |
| Lawrence G. Finch | Director | 173,484 |
| Douglas M. Mitchell | Director | 32,100 |
| Glen Hawk | Director | 43,403 |
| Geoffrey G. Ribar | Director | 97,915 |
| Darin G. Billerbeck | Director | 127,925 |
| Tara Long | Director | 84,466 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Sanjeev Aggarwal | $2.59M | $2.29M | $930.69K | $167 | – |
| FY2024 Sanjeev Aggarwal | $3.02M | $2.12M | $910.37K | $115 | – |
| FY2023 Sanjeev Aggarwal | $2.12M | $1.86M | $1.15M | $163 | – |
| FY2022 Darin Billerbeck | $865.62K | $936.25K | $1.79M | $121 | – |
| FY2022 Sanjeev Aggarwal | $2.24M | $1.03M | $1.79M | $121 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 85 total employees in the United States, of which all were full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 12, 2021 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Nov 9, 2018 | Late filing | Notification of late filing |
| Oct 7, 2016 | IPO | Initial public offering priced (424B4 prospectus) |
| Sep 28, 2016 | Listing | Registration of securities on an exchange (Form 8-A) |