Filing Flows › Si-Bone (SIBN) › Q4 2025
Si-Bone (SIBN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Si-Bone (SIBN) reported revenue of $56.3M for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and +16% from the quarter before. Operating margin was -4.4%, net loss $1.6M (2.9% of revenue).
Si-Bone, Q4 2025: revenue $56.3M (+15% year over year), operating margin -4.4%, net loss $1.6M, operating cash flow $1.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.3M | +16% | +15% |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$1.6M | — | — |
| Operating cash flow | $1.7M | -26% | +47% |
| Free cash flow | $440K | — | — |
What changed
Revenue was $56.3M in Q4 2025, up 15% year over year and up 16% from the previous quarter.
Gross margin was 79.0%, down 0.1 points from a year earlier. Operating costs exceeded revenue by $2.5M, an operating margin of -4.4%. Operating expenses grew 6% against revenue growth of 15%. The fastest-growing cost line was Research & development (+13%). The quarter ended with a net loss of $1.6M, narrower than the previous quarter's $4.6M loss. Non-operating items added $819K, -50% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.7M (up 47% year over year). Non-cash charges added back $1.6M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $4.2M. Capital expenditures of $1.3M left free cash flow of $440K.
Questions
What was Si-Bone's revenue in the fourth quarter 2025?
Si-Bone (SIBN) reported revenue of $56.3M for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and +16% from the quarter before.
Was Si-Bone profitable in the fourth quarter 2025?
Operating loss was $2.5M (-4.4% of revenue) and net loss $1.6M.
Source: Si-Bone 10-K on SEC EDGAR.