Everspin Technologies Inc (Everspin) provides MRAM technology solutions, offering products and services through MRAM-based products, licenses, and royalties of MRAM and magnetic sensor technology, as well as backend foundry and design services.

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Everspin’s R&D activities focus on advancing MRAM technology. It strives to continuously introduce new and advanced versions of MRAM products to cater to diverse application requirements. As of December 2025, the company had 596 issued patents and 141 patent applications pending in the US, China, Europe, France, Germany, Ireland, Italy, Japan, the Netherlands, South Korea, Singapore, Taiwan, and the UK. In FY2025, the company incurred expenses of US$14.1 million on R&D, which as a percentage of revenue, stood at 26%.