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Founded on 30 November 1940, the team currently plays in the Segunda División, the second tier of Spanish football, having been relegated from La Liga at the end of the 2020–21 season. The club played in the top tier of Spanish football for seven consecutive seasons from 2014 to 2021, and participated in 26 Segunda División seasons (a spell in the 1950s, and most of the 1990s and 2000s), spending the rest of their history competing at lower levels.
The team plays in claret and blue shirts with blue shorts (originating from the kit of FC Barcelona) and holds home games at the Ipurua Municipal Stadium. SD Eibar is a fan-owned club, with about 8,000 shareholders from 48 countries. Until SD Huesca qualified for the top flight in 2018, the club was considered the smallest to have played in Spain's top division, and its stadium had the lowest capacity of any La Liga teams. Although Eibar is the sole professional club of its town, it contests several Basque derbies with other clubs from the region.
Eibar is the only football club which has the quality certificate UNE-EN-ISO 9001