SI-BONE, Inc. SIBN R2K
SI-BONE, Inc., a medical device company, develops procedural solutions for compromised bone, grounded in expertise in biomechanical design and anatomy-specific applications in the United States and internationally. It offers a series of patented titanium implants and the instruments used to implant them, as well as implantable bone products. The company also provides IFUSE, a triangular titanium implant with a triangular cross-section and porous surface that stabilizes the joint and facilitates the biological fixation of the bone onto the implant to drive fusion; IFUSE 3D, a triangular titanium implant with a porous surface and fenestrated design to self-harvest bone; IFUSE BONE, which supports and augments the patient's own bone tissue in orthopedic procedures; IFUSE TORQ, an additively-manufactured threaded implant designed to allow for osteointegration, or incorporation of the bone into the implant's porous surface and structure; IFUSE BEDROCK GRANITE, an implant with a machined titanium core and a tulip that attaches to the rod and provides fusion and fixation to the sacroiliac joint as a foundational element for segmental spinal fusion; and IFUSE TORQ TNT, a porous threaded design with lengths capable of spanning the posterior pelvis, passing through the ipsilateral ilium, sacrum, and through the contralateral ilium. The company markets its products primarily with a direct sales force, as well as through third-party sales agents and resellers. SI-BONE, Inc. was incorporated in 2008 and is headquartered in Santa Clara, California.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 23.6% over 5 years.
- Profit CAGR of 23.0% over 5 years.
CONS
- Trading 34.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SIBN SI-BONE, Inc. R2K | 14.10 | - | $625.32M | - | -7.63% | -9.64% | 23.60% | 23.05% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | 14.99M | 16.32M | 16.18M | 16.82M | 14.05M | 20.37M | 20.44M | 22.19M | 22.29M | 22.44M | 25.59M | 26.43M | 32.71M | 33.30M | 34.01M | 37.87M | 39.97M | 40.34M | 47.29M | 48.63M | 48.66M | 56.35M | 52.59M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.60M | 9.82M | 9.81M | 11.82M | 10.64M |
| Gross Profit | 10.36M | 11.66M | 12.48M | 12.16M | 13.46M | 14.73M | 14.55M | 14.89M | 11.93M | 17.80M | 18.24M | 19.82M | 19.81M | 19.46M | 22.12M | 22.26M | 26.78M | 26.99M | 26.97M | 29.86M | 31.58M | 31.90M | 37.70M | 38.81M | 38.85M | 44.53M | 41.94M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 45.17M | 45.81M | 44.23M | 46.99M | 47.04M |
| Operating Income | -5.04M | -2.92M | -1.70M | -3.04M | -8.80M | -8.14M | -10.58M | -11.88M | -10.14M | -8.68M | -11.57M | -12.96M | -13.20M | -16.87M | -17.88M | -13.57M | -11.29M | -11.96M | -11.17M | -12.04M | -10.08M | -7.63M | -7.48M | -7.00M | -5.38M | -2.46M | -5.09M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4.60M | -4.12M | -2.41M | 624.00K | -2.12M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 662.00K | 666.00K | 670.00K | 630.00K | 592.00K |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.54M | -6.15M | -4.57M | -1.64M | -4.33M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | -5.68M | -4.20M | -3.15M | -4.79M | -9.35M | -8.65M | -11.31M | -12.77M | -12.47M | -9.47M | -12.24M | -13.98M | -15.87M | -17.41M | -18.51M | -14.16M | -11.12M | -11.21M | -10.02M | -10.90M | -8.94M | -6.58M | -6.54M | -6.15M | -4.57M | -1.64M | -4.33M |
| Diluted EPS | - | - | - | - | - | - | - | - | -0.44 | -0.33 | -0.37 | -0.42 | -0.48 | -0.52 | -0.54 | -0.41 | -0.32 | -0.30 | -0.25 | -0.27 | -0.22 | -0.16 | -0.15 | -0.14 | -0.11 | -0.04 | -0.10 |
| R&D Expense | 1.47M | 1.21M | 1.30M | 1.37M | 1.68M | 1.95M | 1.87M | 2.09M | 2.17M | 2.78M | 2.96M | 3.15M | 3.29M | 3.58M | 3.48M | 3.09M | 3.29M | 3.66M | 3.92M | 4.34M | 4.35M | 3.99M | 4.53M | 4.31M | 4.24M | - | 4.19M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | 67.30M | 73.39M | 90.15M | 106.41M | 138.89M | 167.18M | 200.93M |
| Cost of Revenue | - | - | - | - | - | 15.71M | 29.47M | 35.06M | 41.05M |
| Gross Profit | 42.87M | 50.55M | 60.51M | 64.48M | 79.72M | 90.70M | 109.42M | 132.12M | 159.88M |
| Operating Expenses | - | - | - | - | - | 150.31M | 156.35M | 167.37M | 182.21M |
| Operating Income | -17.35M | -11.96M | -36.00M | -38.57M | -51.67M | -59.61M | -46.93M | -35.25M | -22.33M |
| EBITDA | - | - | - | - | - | -54.98M | -34.45M | -23.09M | -10.51M |
| Interest Expense | - | - | - | - | - | 2.82M | 3.46M | 3.44M | 2.63M |
| Pretax Income | - | - | - | - | - | -61.26M | -43.34M | -30.91M | -18.90M |
| Tax Provision | - | - | - | - | - | - | - | - | - |
| Net Income | -23.04M | -17.45M | -38.40M | -43.70M | -56.57M | -61.26M | -43.34M | -30.91M | -18.90M |
| Diluted EPS | - | - | - | -1.50 | -1.71 | -1.79 | -1.13 | -0.75 | -0.44 |
| R&D Expense | 5.51M | 5.38M | 7.28M | 9.46M | 12.44M | 13.63M | 15.03M | 16.56M | 17.45M |
Compounded Sales Growth
| 5 Years: | 23.60% |
| 1 Year: | 11.20% |
Compounded Profit Growth
| 5 Years: | 23.05% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -25.40% |
| 6 Months: | -28.32% |
| 3 Months: | -9.15% |
| 1 Month: | +18.19% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 35.83M | 138.52M | 117.01M | 223.14M | - | 157.55M | 230.43M | 230.44M | 238.56M |
| Current Assets | - | - | - | - | - | - | 137.61M | 211.39M | 207.78M | 216.12M |
| Cash & Equivalents | 27.90M | 22.41M | 25.12M | 10.44M | 53.58M | - | 20.72M | 33.27M | 34.95M | 42.24M |
| Inventory | - | - | - | - | - | - | 17.28M | 20.25M | 27.07M | 33.90M |
| Receivables | - | - | - | - | - | - | 20.67M | 21.95M | 27.46M | 29.91M |
| Total Liabilities | - | 46.66M | 48.33M | 54.00M | 53.78M | - | 59.25M | 61.05M | 63.47M | 61.02M |
| Current Liabilities | - | 7.54M | 9.01M | 18.77M | 13.47M | - | 21.18M | 23.46M | 27.13M | 25.28M |
| Long Term Debt | - | 38.70M | 38.96M | 34.87M | 39.45M | - | 35.17M | 36.06M | 35.45M | 35.57M |
| Total Debt | - | - | - | - | - | - | 39.43M | 38.99M | 37.48M | 36.69M |
| Total Equity | -108.73M | -129.38M | 90.19M | 63.01M | 169.36M | - | 98.30M | 169.38M | 166.96M | 177.53M |
| Shares Outstanding | - | - | - | - | - | - | 34.73M | 40.69M | 42.09M | 43.65M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -17.53M | -14.52M | -31.63M | -30.66M | - | -41.66M | -18.71M | -12.43M | -675.00K |
| Investing Cash Flow | -478.00K | -97.83M | 13.49M | -62.92M | - | -2.81M | -59.80M | 12.62M | 4.16M |
| Financing Cash Flow | 12.86M | 115.15M | 3.49M | 136.40M | - | 2.20M | 90.93M | 1.96M | 3.38M |
| Capital Expenditure | -478.00K | -942.00K | -2.44M | -2.56M | - | -9.51M | -7.80M | -10.50M | -8.41M |
| Free Cash Flow | -18.01M | -15.46M | -34.07M | -33.22M | - | -51.16M | -26.51M | -22.92M | -9.09M |
| Net Change in Cash | - | - | - | - | - | -42.27M | 12.42M | 2.16M | 6.86M |
| Share Buybacks | 0 | 73.00K | 38.00K | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | 89.9% | 87.9% | 88.4% | 85.2% | 78.8% | 79.0% | 79.6% |
| Operating Margin % | - | - | -53.5% | -52.6% | -57.3% | -56.0% | -33.8% | -21.1% | -11.1% |
| Net Margin % | - | - | -57.1% | -59.5% | -62.8% | -57.6% | -31.2% | -18.5% | -9.4% |
| ROE % | 17.8% | -19.4% | -60.9% | -25.8% | - | -62.3% | -25.6% | -18.5% | -10.6% |
| ROCE % | -61.3% | -9.2% | -36.6% | -18.4% | - | -43.7% | -22.7% | -17.3% | -10.5% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | First Light Asset Management, LLC | 12.07% | 5.35M | $75.48M |
| 2 | Blackrock Inc. | 7.73% | 3.43M | $48.34M |
| 3 | American Century Companies Inc | 5.66% | 2.51M | $35.38M |
| 4 | Brown Advisory Inc. | 4.79% | 2.12M | $29.92M |
| 5 | Cadian Capital Management, LP | 4.26% | 1.89M | $26.61M |
| 6 | Vanguard Capital Management LLC | 3.98% | 1.76M | $24.88M |
| 7 | Granahan Investment Management LLC | 3.92% | 1.74M | $24.52M |
| 8 | Impax Asset Management Group plc | 3.21% | 1.43M | $20.09M |
| 9 | Nuveen, LLC | 2.90% | 1.29M | $18.13M |
| 10 | Silvercrest Asset Management Group, LLC | 2.81% | 1.24M | $17.55M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for SIBN