Everspin Technologies, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 13, 2026, reporting higher revenue alongside a wider operating loss compared to the same quarter a year earlier.

Key Highlights

  • Total revenue of $20,648 thousand for the three months ended September 30, 2026, up from $14,060 thousand in the same quarter of 2025, according to the filing.
  • Net loss of $7,175 thousand for Q3 2026, compared to net income of $54 thousand in Q3 2025, as reported in the condensed statements of operations.
  • Loss from operations was $7,929 thousand for the three months ended September 30, 2026, versus a loss of $1,545 thousand in the prior-year period.
  • General and administrative expenses surged to $13,029 thousand in Q3 2026 from $3,690 thousand in Q3 2025, the filing disclosed.
  • Nine-month total revenue reached $54,256 thousand for the period ended September 30, 2026, compared to $40,399 thousand for the same period in 2025.
  • Cash and cash equivalents were $43,042 thousand as of September 30, 2026, down from $44,450 thousand at December 31, 2025.
  • Shares outstanding were 24,418,092 as of September 30, 2026, rising from 22,977,797 at December 31, 2025.

Everspin Technologies Revenue and Loss Detail for the Quarter Ended September 30, 2026

According to the filing, Everspin Technologies (NASDAQ:MRAM) reported total revenue of $20,648 thousand for the three months ended September 30, 2026, compared to $14,060 thousand for the same quarter in 2025. Product sales accounted for $16,945 thousand of Q3 2026 revenue, up from $12,690 thousand a year earlier. Licensing, royalty, engineering services and other revenue contributed $3,703 thousand in Q3 2026 versus $1,370 thousand in Q3 2025.

The company reported gross profit of $10,609 thousand for Q3 2026, compared to $7,206 thousand in Q3 2025. However, total operating expenses reached $18,538 thousand in Q3 2026, up from $8,751 thousand in the prior-year quarter. The filing shows general and administrative expenses of $13,029 thousand in Q3 2026, a significant increase from $3,690 thousand in Q3 2025. Research and development expenses were $3,553 thousand, while sales and marketing expenses were $1,956 thousand for the quarter.

For the nine months ended September 30, 2026, the company reported a net loss of $11,060 thousand and a loss from operations of $15,028 thousand, compared to a net loss of $1,782 thousand and a loss from operations of $5,438 thousand for the same period in 2025. Total stockholders' equity stood at $67,668 thousand as of September 30, 2026, down from $68,917 thousand at December 31, 2025. The accumulated deficit increased to $148,517 thousand from $137,455 thousand over the same interval. As of November 11, 2026, the company disclosed 24,534,193 shares of common stock outstanding.

What Was Disclosed

Everspin Technologies filed its quarterly report covering the period ended September 30, 2026, disclosing higher revenue in both the quarter and nine-month periods compared to 2025, alongside a wider net loss driven primarily by increased general and administrative expenses.