SI-BONE, Inc. (SIBN)
SI-BONE, Inc. is a medical technology company that develops and markets specialized implantable solutions for musculoskeletal conditions affecting the sacropelvic region. These devices are utilized across the United States and internationally. Its flagship product, iFuse, is a minimally invasive surgical implant system designed to address a range of indications, including sacroiliac joint dysfunction and degeneration, adult spinal deformities, and traumatic fractures of the pelvic ring. Beyond iFuse, the company offers advanced iterations like iFuse-3D. This titanium implant retains the distinctive triangular cross-section of the original iFuse but incorporates a proprietary 3D-printed porous surface and a fenestrated design. Another offering is iFuse-TORQ, a series of 3D-printed threaded implants. These are specifically engineered for treating pelvic fractures and facilitating minimally invasive sacroiliac joint fusion procedures. SI-BONE distributes its products primarily through a dedicated direct sales force, complemented by a network of independent distributors. Established in 2008, the company maintains its corporate headquarters in Santa Clara, California.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
SI-BONE, Inc.
NASDAQ:SIBNHealthcare · Medical - Devices
-5.27%$21.23
AH$21.23+0.00%vs close
Mkt Cap$951.5M
Float43.03M
O/S44.82M
Vol
$ Vol
RVOL
Inst Own-
SI10.9%
Earnings
Dilution
Financials Summary
Revenue$200.93M
Net Income-$18.91M
Total Assets$238.56M
Free Cash Flow-$9.09M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$1.12M
Total Equity$177.53M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SIBN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$238.56M
Liabilities$61.02M
Accounts Receivable$29.91M
Accounts Payable$4.63M
Inventory$33.9M
PP&E (Net)$22.39M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $200.93M | $167.18M | $138.89M | $106.41M | $90.15M | $73.39M | $67.3M | $55.38M | $47.98M | $42.1M | $41.17M | $40.05M | $49M | $37.02M |
| YoY Growth | 20.2% | 20.4% | 30.5% | 18.0% | 22.8% | 9.0% | 21.5% | 15.4% | 14.0% | 2.3% | 2.8% | -18.3% | 32.4% | - |
| Cost of Revenue | $41.05M | $35.06M | $29.47M | $15.71M | $10.43M | $8.9M | $6.79M | $4.83M | $5.11M | $5.17M | $5.4M | $6.5M | $4.33M | $3.04M |
| Gross Profit | $159.88M | $132.12M | $109.42M | $90.7M | $79.72M | $64.48M | $60.51M | $50.55M | $42.87M | $36.94M | $35.77M | $33.55M | $44.67M | $33.98M |
| Gross Margin | 79.6% | 79.0% | 78.8% | 85.2% | 88.4% | 87.9% | 89.9% | 91.3% | 89.3% | 87.7% | 86.9% | 83.8% | 91.2% | 91.8% |
| Research and Development | $17.45M | $16.56M | $15.03M | $13.63M | $12.44M | $9.46M | $7.28M | $5.38M | $5.51M | $6.38M | $8.61M | $9.17M | $8.37M | $3.77M |
| Selling, General, and Administrative | $164.76M | $150.81M | $141.32M | $136.69M | $118.95M | $93.59M | $89.23M | $57.14M | $54.71M | $48.12M | $53.59M | $50.68M | $41.59M | $40.92M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $340K | $213K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $182.21M | $167.37M | $156.35M | $150.31M | $131.39M | $103.05M | $96.51M | $62.51M | $60.22M | $54.5M | $62.2M | $59.84M | $49.9M | $44.65M |
| Operating Income (EBIT) | -$22.33M | -$35.25M | -$46.93M | -$59.61M | -$51.67M | -$38.57M | -$36M | -$11.96M | -$17.35M | -$17.57M | -$26.42M | -$26.3M | -$5.3M | -$10.72M |
| Operating Margin | -11.1% | -21.1% | -33.8% | -56.0% | -57.3% | -52.6% | -53.5% | -21.6% | -36.2% | -41.7% | -64.2% | -65.7% | -10.8% | -29.0% |
| Interest Expense | $5.28M | $3.44M | $3.46M | $2.82M | $5.37M | $6.1M | $4.95M | $5.11M | $6.2M | $3.31M | $0 | $0 | $0 | $0 |
| Interest Income | $6.07M | $7.85M | $6.92M | $1.3M | $186K | $1.1M | $2.55M | $769K | $175K | $71K | $1.66M | $1.52M | $909K | $226K |
| Other Income (Expense) | $3.42M | $4.33M | $3.6M | -$1.65M | -$4.9M | -$5.13M | -$2.4M | -$5.49M | -$5.69M | -$3.02M | -$1.73M | -$1.5M | -$847K | -$184K |
| Income Before Tax (EBT) | -$18.91M | -$30.91M | -$43.34M | -$61.26M | -$56.57M | -$43.7M | -$38.4M | -$17.45M | -$23.04M | -$20.59M | -$28.15M | -$27.8M | -$6.14M | -$10.9M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $10K | $0 |
| Net Income | -$18.91M | -$30.91M | -$43.34M | -$61.26M | -$56.57M | -$43.7M | -$38.4M | -$17.45M | -$23.04M | -$20.59M | -$28.15M | -$27.81M | -$6.15M | -$10.9M |
| Net Income Margin | -9.4% | -18.5% | -31.2% | -57.6% | -62.8% | -59.5% | -57.1% | -31.5% | -48.0% | -48.9% | -68.4% | -69.4% | -12.6% | -29.5% |
| Supplementary Data | ||||||||||||||
| EPS | -0.44 | -0.75 | -1.13 | -1.79 | -1.71 | -1.50 | -1.72 | -1.10 | -1.66 | -1.33 | -1.17 | -10.42 | -2.69 | -5.76 |
| Diluted EPS | -0.44 | -0.75 | -1.13 | -1.79 | -1.71 | -1.50 | -1.72 | -1.10 | -1.66 | -1.33 | -1.17 | -10.42 | -2.69 | -5.76 |
| Weighted Average OS | 43.51M | 41.47M | 38.43M | 34.20M | 33.15M | 29.06M | 24.71M | 15.90M | 13.87M | 15.48M | 24.08M | 2.67M | 2.29M | 1.89M |
| EBITDA | -$10.91M | -$23.09M | -$34.45M | -$54.98M | -$50.97M | -$36.47M | -$32.68M | -$11.62M | -$15.82M | -$16.24M | -$25.68M | -$26.01M | -$5.25M | -$10.68M |
| EBITDA Margin | -5.4% | -13.8% | -24.8% | -51.7% | -56.5% | -49.7% | -48.6% | -21.0% | -33.0% | -38.6% | -62.4% | -64.9% | -10.7% | -28.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $42.24M | $34.95M | $33.27M | $20.72M | $63.42M | $53.58M | $10.44M | $25.12M | $22.41M | $27.9M | $20.27M | $17.6M | $8.52M |
| Short-Term Investments | $105.58M | $115.09M | $132.75M | $76.57M | $83.56M | $142.85M | $81.34M | $97.1M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $147.82M | $150.04M | $166.02M | $97.29M | $146.98M | $196.43M | $91.78M | $122.22M | $22.41M | $27.9M | $20.27M | $17.6M | $8.52M |
| Accounts Receivable | $29.91M | $27.46M | $21.95M | $20.67M | $14.25M | $13.61M | $11.72M | $8.49M | $7.42M | $5.95M | $5.77M | $5.88M | $6.04M |
| Inventory | $33.9M | $27.07M | $20.25M | $17.28M | $11.5M | $5.63M | $5.45M | $3.34M | $2.55M | $1.51M | $2.7M | $1.69M | $1.26M |
| Other Current Assets | $4.48M | $3.2M | $3.17M | $2.37M | $0 | $0 | $0 | $1.99M | $0 | $0 | $1.16M | $837K | $655K |
| Total Current Assets | $216.12M | $207.78M | $211.39M | $137.61M | $175.87M | $218.24M | $111.46M | $136.04M | $33.63M | $36.32M | $29.9M | $26M | $16.47M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $22.39M | $22.36M | $18.71M | $19.57M | $14.24M | $4.53M | $3.95M | $2.15M | $1.9M | $2.61M | $3.53M | $2.61M | $1.2M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.42M | $47K | $55K | $62K | $70K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $1.28M | $0 | $0 | $521K | $634K | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$521K | $0 | $0 | $0 |
| Other Long-Term Assets | $55K | $300K | $325K | $375K | $400K | $374K | $315K | $325K | $269K | $457K | $1.93M | $319K | $274K |
| Total Long-Term Assets | $22.44M | $22.66M | $19.03M | $19.94M | $14.64M | $4.9M | $5.55M | $2.48M | $2.21M | $3.11M | $6.16M | $2.99M | $1.54M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $238.56M | $230.44M | $230.43M | $157.55M | $190.51M | $223.14M | $117.01M | $138.52M | $35.83M | $39.44M | $36.05M | $28.98M | $18.01M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $4.63M | $6.49M | $4.59M | $6.28M | $3.2M | $3.27M | $2.81M | $2.15M | $1.81M | $1.02M | $2.49M | $2.6M | $3.73M |
| Short-Term Debt | $944K | $0 | $0 | $0 | $0 | $0 | $4.36M | $0 | $0 | $8.24M | $0 | $0 | $2.22M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $370K | $388K | $466K | $448K | $423K | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.91M | $0 | $0 | $0 |
| Other Current Liabilities | $19.7M | $14.85M | $15.16M | $12.34M | $11.36M | $9.69M | $8.01M | $5.56M | $1.53M | $3.06M | $4.32M | $4.34M | $4.25M |
| Total Current Liabilities | $25.28M | $27.13M | $23.46M | $21.18M | $16.89M | $13.47M | $18.77M | $9.01M | $7.54M | $13.39M | $6.81M | $6.94M | $10.21M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $175K | $35.45M | $36.06M | $35.17M | $34.97M | $39.45M | $34.87M | $38.96M | $38.7M | $21.07M | $25.06M | $15.15M | $9.46M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $35.57M | $10K | $18K | $30K | $57K | $854K | $362K | $360K | $118.97M | $113.71M | $957K | -$15.15M | -$9.46M |
| Total Long-Term Liabilities | $35.74M | $36.34M | $37.59M | $38.07M | $39.2M | $40.31M | $35.23M | $39.32M | $157.67M | $134.78M | $26.01M | $15.15M | $9.46M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $61.02M | $63.47M | $61.05M | $59.25M | $56.09M | $53.78M | $54M | $48.33M | $165.21M | $148.17M | $32.82M | $22.09M | $19.67M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $118.55M | $113.12M | $92.8M | $71.53M | $36.37M |
| Common Stock | $4K | $4K | $4K | $3K | $3K | $3K | $3K | $3K | $1K | $1K | $7K | $5K | $4K |
| Retained Earnings | -$450.26M | -$431.35M | -$400.44M | -$357.11M | -$295.85M | -$239.28M | -$195.58M | -$157.18M | -$139.72M | -$116.69M | -$96.1M | -$67.94M | -$40.14M |
| Comprehensive Income & Other | $816K | $244K | $335K | $232K | $352K | $524K | $464K | $439K | $402K | $472K | $405K | -$498K | -$249K |
| Other Stockholders' Equity | $627.79M | $598.31M | $569.81M | $455.4M | $430.27M | $408.64M | $258.58M | $247.37M | $10.35M | $7.95M | $99.32M | $74.83M | $38.48M |
| Total Equity | $177.53M | $166.96M | $169.38M | $98.3M | $134.42M | $169.36M | $63.01M | $90.19M | -$129.38M | -$108.73M | $3.23M | $6.89M | -$1.65M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $238.56M | $230.44M | $230.43M | $157.55M | $190.51M | $223.14M | $117.01M | $138.52M | $35.83M | $39.44M | $36.05M | $28.98M | $18.01M |
| Supplementary Data | |||||||||||||
| Total Debt | $1.12M | $37.48M | $38.99M | $39.43M | $40.48M | $39.45M | $39.22M | $38.96M | $38.7M | $29.31M | $25.06M | $15.15M | $11.68M |
| Net Debt | -$41.12M | $2.54M | $5.72M | $18.71M | -$22.94M | -$14.13M | $28.79M | $13.84M | $16.3M | $1.41M | $4.78M | -$2.45M | $3.17M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$18.9M | -$30.91M | -$43.34M | -$61.26M | -$56.57M | -$43.7M | -$38.4M | -$17.45M | -$23.04M | -$20.59M | -$28.15M | -$27.81M | -$6.15M | -$10.9M |
| Depreciation & Amortization | $2.72M | $4.38M | $5.43M | $3.45M | $2.09M | $1.13M | $774K | $722K | $1.01M | $1.04M | $786K | $287K | $50K | $42K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $3.56M | $0 | $0 | $664K | $1.95M | $1.3M | -$201K | -$199K | -$1.27M | $4.06M |
| Stock-Based Compensation | $25.52M | $25.87M | $24.06M | $23.06M | $16.87M | $11.93M | $7.46M | $2.31M | $1.44M | $1.4M | $1.23M | $804K | $515K | $433K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$3.03M | -$5.84M | -$2.12M | -$6.48M | -$569K | -$2.19M | -$3.24M | -$1.02M | -$1.31M | -$98K | -$15K | -$179K | $836K | -$4.14M |
| Inventory | -$8.68M | -$8.05M | -$4.72M | -$5.71M | -$5.78M | -$274K | -$2.1M | -$759K | -$980K | $1.19M | -$1.01M | -$426K | -$76K | -$350K |
| Accounts Payable | -$1.76M | $1.86M | -$1.12M | $2.53M | -$532K | $835K | $383K | $251K | $811K | -$1.47M | -$499K | $0 | $0 | $0 |
| Other Working Capital | -$851K | $1.91M | $3.13M | $2.02M | $1.13M | -$902K | $4.48M | $508K | $1.86M | $183K | $151K | $549K | $2.05M | $0 |
| Total Working Capital Change | -$14.32M | -$10.12M | -$4.83M | -$7.64M | -$5.76M | -$2.53M | -$479K | -$1.02M | $382K | -$198K | -$1.38M | -$56K | $2.81M | -$4.5M |
| Other Non-Cash Items | $4.31M | -$1.64M | -$29K | $730K | $288K | $2.5M | -$983K | $259K | $722K | $299K | $5.13M | $444K | $2.22M | -$3.9M |
| Net Cash from Operating | -$675K | -$12.43M | -$18.71M | -$41.66M | -$39.53M | -$30.66M | -$31.63M | -$14.52M | -$17.53M | -$16.75M | -$26.72M | -$26.33M | -$566K | -$14.76M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$8.41M | -$10.5M | -$7.8M | -$9.51M | -$6.39M | -$2.56M | -$2.44M | -$942K | -$478K | -$441K | -$2.24M | -$2.87M | -$735K | -$39K |
| Acquisitions | $0 | $0 | $0 | $0 | -$57.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$192.53M | -$205.38M | -$189.5M | -$119.51M | -$102.02M | -$179.17M | -$143.86M | -$96.88M | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $205.1M | $228.5M | $137.5M | $126.2M | $159.99M | $118.81M | $159.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $57.97M | $0 | $0 | -$96.88M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $4.16M | $12.62M | -$59.8M | -$2.81M | $51.58M | -$62.92M | $13.49M | -$97.83M | -$478K | -$441K | -$2.24M | -$2.87M | -$735K | -$39K |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | $46K | -$725K | - | $6M | $750K | - | - | -$38.88M | -$4M | -$10M | -$4.98M | -$8M | - |
| Common Stock Issuance | $3.38M | $2.72M | $83.67M | $2.2M | $4.91M | $137.99M | $3.53M | $115.51M | $383K | $0 | $21.36M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$73K | $0 | -$3K | $0 | $0 | -$45K | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$720K | $6.54M | $0 | $0 | -$843K | -$38K | -$356K | -$6.25M | $433K | $20K | $5K | $7K | $4.05M |
| Net Cash from Financing | $3.38M | $1.96M | $90.93M | $2.2M | -$1.71M | $136.4M | $3.49M | $115.15M | $12.86M | $24.75M | $31.38M | $38.09M | $8.06M | $4.05M |
| Forex Effect | $431K | -$479K | $132K | -$429K | -$498K | $323K | -$37K | -$94K | -$346K | $67K | $247K | $183K | -$3K | -$22K |
| Net Change in Cash | $7.29M | $1.68M | $12.55M | -$42.7M | $9.84M | $43.15M | -$14.69M | $2.71M | -$5.49M | $7.63M | $2.67M | $9.08M | $6.76M | -$10.77M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$675K | -$12.43M | -$18.71M | -$41.66M | -$39.53M | -$30.66M | -$31.63M | -$14.52M | -$17.53M | -$16.75M | -$26.72M | -$26.33M | -$566K | -$14.76M |
| Capital Expenditure | -$8.41M | -$10.5M | -$7.8M | -$9.51M | -$6.39M | -$2.56M | -$2.44M | -$942K | -$478K | -$441K | -$2.24M | -$2.87M | -$735K | -$39K |
| Free Cash Flow | -$9.09M | -$22.92M | -$26.51M | -$51.16M | -$45.92M | -$33.22M | -$34.07M | -$15.46M | -$18.01M | -$17.19M | -$28.96M | -$29.2M | -$1.3M | -$14.8M |
| Cash at Beginning | $34.95M | $33.27M | $20.72M | $63.42M | $53.58M | $10.44M | $25.12M | $22.41M | $27.9M | $20.27M | $17.6M | $8.52M | $1.76M | $12.54M |
| Cash at End | $42.24M | $34.95M | $33.27M | $20.72M | $63.42M | $53.58M | $10.44M | $25.12M | $22.41M | $27.9M | $20.27M | $17.6M | $8.52M | $1.76M |