# Everspin Technologies Inc. (MRAM) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors. Price $16.37, market value $399 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Everspin Technologies Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 6.4×**. Each dollar of revenue is priced at 6.4×.
- **Price / book: 5.4×**. The shares trade at 5.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -1.3%** (5-yr avg 4.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 52.3%**. Everspin Technologies Inc. keeps 52.3% of revenue after the direct cost of what it sells.
- **Operating margin: -15.5%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -1.1%**. The company reported a net loss over the last twelve months.
- **Return on equity: -0.9%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -29.2%**. Return on all capital, debt included, is -29.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -3.1%**. Each dollar of assets produces -3.1% of profit.

## Growth
- **Revenue growth (1 yr): 9.5%** (3-yr -2.7%/yr, 5-yr 5.6%/yr). Revenue grew 9.5% over the last year, against 5.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -175.0%**. Earnings per share fell 175.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -22.5%/yr**. Free cash flow has compounded at -22.5% a year over three years.

## Financial health
- **Debt to equity: 0.03**. Debt is 0.03 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 6.3×**. It would take 6.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 16.78**. A Z-score of 16.78 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Everspin Technologies Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (3 analysts). 3 analysts cover Everspin Technologies Inc.; the consensus is strong_buy, with an average price target of $25.67 (+57% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 155.8%** (YTD 76.4%, 3-mo -30.8%). The shares are up 155.8% over twelve months including dividends.
- **From 52-week high: -68.2%** (147.3% above the low). Trading 68% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 47**. An RSI of 47 is neutral.
- **Beta (1 yr): 4.13** (volatility 115%). Beta of 4.13 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MRAM · Page: https://foliofundamentals.com/stocks/mram

Not investment advice.