Filing Flows › Si-Bone (SIBN) › Q3 2025
Si-Bone (SIBN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Si-Bone (SIBN) reported revenue of $48.7M for the third quarter 2025 (Q3 2025), +21% from a year earlier and +0.1% from the quarter before. Operating margin was -11.1%, net loss $4.6M (9.4% of revenue).
Si-Bone, Q3 2025: revenue $48.7M (+21% year over year), operating margin -11.1%, net loss $4.6M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.7M | +0.1% | +21% |
| Operating profit | −$5.4M | — | — |
| Net earnings | −$4.6M | — | — |
| Operating cash flow | $2.3M | 13× | +673% |
What changed
Revenue was $48.7M in Q3 2025, up 21% year over year and roughly flat from the previous quarter.
Gross margin was 79.8%, up 0.8 points from a year earlier. Operating costs exceeded revenue by $5.4M, an operating margin of -11.1%. Operating expenses grew 12% against revenue growth of 21%. The fastest-growing cost line was General & admin (+24%). The quarter ended with a net loss of $4.6M, narrower than the previous quarter's $6.2M loss.
Operating cash flow was $2.3M (up 673% year over year). Non-cash charges added back $1.5M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items used $811K. Capital expenditures of $3.0M exceeded it, leaving free cash flow of −$620K.
Questions
What was Si-Bone's revenue in the third quarter 2025?
Si-Bone (SIBN) reported revenue of $48.7M for the third quarter 2025 (Q3 2025), +21% from a year earlier and +0.1% from the quarter before.
Was Si-Bone profitable in the third quarter 2025?
Operating loss was $5.4M (-11.1% of revenue) and net loss $4.6M.
Source: Si-Bone 10-Q on SEC EDGAR.