What is Everspin Technologies's work in process?

Everspin Technologies (MRAM) reported work in process of $10.2M in Q1 2026.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Everspin Technologies MRAM Work in process

Work in process at other companies

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$3.28M-9.1%

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$11.2M-28.2%

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Microchip TechnologyMCHP

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EntegrisENTG

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Other financials

Income statement

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Revenue$14.9M+13.2%

Gross profit$7.8M+16.1%

Operating income-$2.7M-40.6%

Net income-$296.0K+74.6%

EPS (diluted)-$0.01+80.0%

Balance sheet

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Cash & equivalents$40.5M-3.9%

Total debt$1.3M-56.8%

Total equity$70.2M+11.4%

Total assets$83.2M+3.7%

Cash flow

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Operating cash flow$570.0K-60.4%

CapEx$4.4M+377%

Free cash flow-$3.8M-818%

Valuation

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Market cap$512.1M+279%

Enterprise value$472.95M+392%

P/S9×+6.2×

Profitability

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Gross margin51.5%+1.2pp

Operating margin-12.8%-2.6pp

Net margin-1.1%-3.9pp

FCF margin11.5%+4.7pp

Returns & leverage

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Return on equity-0.9%-3.7pp

Debt / equity0×0.0×

Current ratio5.8×+0.5×

Where this comes from

Reported directly by Everspin Technologies in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Everspin Technologies’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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What is Everspin Technologies's work in process?: Everspin Technologies (MRAM) reported work in process of $10.2M in Q1 2026.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.