NASDAQ$SIBN

SI-BONE Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

SI-BONE Inc reported $48.6 million in revenue for the second quarter of 2025, up 22% year over year.

SI-BONE Inc delivered revenue of $48.6 million in Q2 2025, reflecting 22% growth driven by higher U.S. case volumes and an expanded product portfolio. The company narrowed its net loss to $6.2 million from $8.9 million in the prior-year quarter while maintaining a gross margin of 79.8%. Cash and cash equivalents stood at $34.2 million with total assets of $230.9 million at quarter end.

  • Q2 revenue reached $48.6 million, a 21.7% increase from $40.0 million in Q2 2024, led by U.S. sales growth of 22.8%.
  • Gross margin improved to 79.8% from 79.0% due to favorable product mix and lower unit costs.
  • Net loss narrowed to $6.2 million ($0.14 per share) from $8.9 million ($0.22 per share) year over year.
  • U.S. revenue accounted for 95.5% of total revenue while international revenue grew modestly to $2.2 million.

Headline financials

Total Revenue

$48.6M

Previous: $40M+21.7%
EPS (adj)

-$0.14

Previous: -$0.22+36.4%
Capital Expenditures

-$4.17M

Previous: -$5.2M+19.7%
Net Income

-$6.15M

Previous: -$8.94M+31.2%
Operating Income

-$7M

Previous: -$10.1M+30.5%
Gross Profit

$38.8M

Previous: $31.6M+22.9%
Cash & Equivalents

$34.2M

Previous: $25.6M+33.5%
Total Assets

$231M

Previous: $224M+3.2%

Revenue & EPS history

SI-BONE · Revenue · Quarterly

$48.6M

Q2 2025+21.7%vs Q2 2024
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The company continues to focus on expanding its sacropelvic solutions portfolio and physician engagement while monitoring macroeconomic factors including tariffs and supply chain dynamics.

Tailwinds

  • Strong revenue growth driven by new product adoption
  • Improved gross margins from product mix and cost efficiencies

Headwinds

  • Ongoing net losses and cash usage from operations
  • Potential impact from tariffs on international sales and supply chain costs

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

-1.8%

Avg return

Earnings day

-1.3%

Avg return

5 days after

+0.0%

Avg return

30 days after

40%

12 / 30 earnings

Positive

+16.2%

Q4 2022

Best reaction

-23.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-5.3%+15.3%+25.1%
Q4 2025-1.0%-0.6%-17.8%
Q3 2025+16.1%+11.1%+20.0%
Q1 2025+15.6%+29.8%+33.8%
Q4 2024+5.6%+3.7%-19.9%
Q3 2024-17.5%-18.8%-14.5%
Q2 2024-3.6%-5.2%+10.2%
Q1 2024+10.4%+8.0%-1.1%
Q4 2023-12.4%-15.7%-22.0%
Q3 2023-4.7%-12.4%-0.9%
Q2 2023-12.5%-9.6%-7.1%
Q1 2023+9.6%-0.3%+13.9%
Q4 2022+16.2%+19.5%+14.0%
Q3 2022-23.1%-16.4%-26.5%
Q2 2022-6.4%+0.1%+3.5%
Q1 2022-23.7%-27.6%-12.2%
Q4 2021+2.4%+3.2%+3.2%
Q3 2021-7.8%-10.9%-13.6%
Q2 2021-15.1%-18.9%-18.3%
Q1 2021-7.0%-7.5%-17.2%
Q4 2020+4.0%+6.6%+8.3%
Q3 2020+3.2%+0.5%+10.7%
Q2 2020+13.6%+17.7%+31.7%
Q1 2020+9.0%+11.9%+16.3%
Q4 2019-11.9%-21.7%-28.9%
Q3 2019-4.4%-4.5%-0.6%
Q2 2019+6.8%+10.7%+11.3%
Q1 2019-3.9%-8.1%-1.5%
Q4 2018-4.6%-3.6%-9.4%
Q3 2018-3.0%+4.8%+10.5%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q1 2016
Q1 2015
Q4 2014
Q1 2014

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