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MARKETS / NASDAQ / SIBN
NASDAQ · SURGICAL & MEDICAL INSTRUMENTS & APPARATUS · LARGE CAP

Si-bone, Inc. SIBN

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$200.9M
▲ 20.2% YoY
$-18.9M
$-9.1M
In brief

What this company does

The company's products include a series of patented titanium implants and the instruments used to implant them, as well as implantable bone products. As of December 31, 2025, over 140,000 procedures had been performed using the company's products since it introduced iFuse in 2009. The company markets its products primarily with a direct sales force as well as a number of third-party sales agents in the United States, and with a combination of a direct sales force, sales agents and resellers in other countries. As of December 31, 2025, its international sales force consisted of 11 sales representatives directly employed by the company and 28 third-party sales agents, which together had sales in 38 countries through that date. As of December 31, 2025, the company had 376 employees, including sales and marketing, product development, general administrative and accounting, both domestically and internationally. SI-BONE was founded in 2008 by orthopedic surgeon Mark A. Reiley, M.D., its current Chairman of the Board Jeffrey W. Dunn, and orthopedic surgeon Leonard Rudolf, M.D., and the company was incorporated in Delaware in March 2008.

Written from the business description in SI-BONE, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 200.9M
Revenue, FY2025 · full 9-year series below
Revenue $M Net income $M
FY2025 · Revenue 200.9 · Net income -18.9
80.0M160.0M-25.0M-50.0M201720182019202020212022202320242025
Compound annual growth
+23.6%
+22.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +22.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−9 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -11.1% · Net -9.4%
-20%-40%-60%201720182019202020212022202320242025
ROE
FY2025 · ROE -11.0%
-20%-40%201720182019202020212022202320242025

Each USD of equity lost 11 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -9.1
-20M-40M201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2019 · Dividends — · Net buybacks 0.0
-0.8M201720182019

Total assetsUSD 238.6M
EquityUSD 177.5M
CashUSD 42.2M
Gross debtUSD 35.6M
Net debtUSD -6.7M
Current ratio8.55×

The company holds more cash than debt.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue $B0.20.20.10.10.10.10.10.10.0
Operating income $B−0.0−0.0−0.0−0.1−0.1−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.0··0.00.0
Net income $B−0.0−0.0−0.0−0.1−0.1−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.44−0.75−1.13−1.79−1.71−1.50−1.55−2.20−6.65
Dividend / sh $0.000.000.000.000.000.000.000.000.00
Payout %·········
ROE %−11.0−18.4−32.4−52.6−37.2−37.6−50.1··
Shares out B0.040.040.040.030.030.030.030.020.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 45 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 50 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySurgical & Medical Instruments & Apparatus
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2017

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