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SI-BONE, Inc. (SIBN) Fundamental Analysis & AI Grade 2026

SIBN Nasdaq Surgical & Medical Instruments & Apparatus DE CIK: 0001459839
Updated This Month • Analysis: May 12, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
55% Confidence
N/A
B
55% Conf
Pending
Analysis scheduled

📊 SIBN Key Takeaways

Revenue: $52.6M
Net Margin: -8.2%
Free Cash Flow: $-3.4M
Current Ratio: 9.99x
Debt/Equity: 0.20x
EPS: $-0.10
AI Grade: B with 55% confidence
SI-BONE, Inc. (SIBN) receives a B fundamental grade with 55% confidence from our AI analysis based on SEC 10-K filings. With revenue of $52.6M, net profit margin of -8.2%, and return on equity (ROE) of -2.4%, SI-BONE, Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete SIBN stock analysis for 2026.

Is SI-BONE, Inc. (SIBN) a Good Investment?

Claude

SI-BONE demonstrates strong revenue growth (20.2% YoY) and exceptional gross margins (79.8%), indicating a viable medical device product with market traction. However, persistent negative operating cash flow (-2.4M) and operating losses (-5.1M) despite robust top-line growth raise concerns about cost structure and path to profitability, warranting a cautious stance pending operational improvements.

SI-BONE, Inc. Key Strengths (SIBN)

Claude
  • + Strong 20.2% YoY revenue growth with industry-leading 79.8% gross margins indicates robust product-market fit and pricing power
  • + Fortress balance sheet with 33.5M cash, low 0.20x debt/equity leverage, and 178.9M stockholders' equity provides substantial runway and financial flexibility
  • + Exceptional liquidity position (9.99x current ratio, 8.34x quick ratio) enables continued operations and strategic investments

SIBN Stock Risks: SI-BONE, Inc. Investment Risks

Claude
  • ! Negative operating cash flow (-2.4M) and free cash flow (-3.4M) demonstrate ongoing cash burn despite revenue growth, threatening long-term viability if trend persists
  • ! Operating margin of -9.7% and net margin of -8.2% reveal structural profitability challenges with inability to convert strong gross margins into operating income due to high expenses
  • ! Negative operating income relative to debt load (interest coverage -5.8x) indicates operational earnings insufficient to service debt obligations

Key Metrics to Watch

Claude
  • * Operating cash flow trend and path to cash flow breakeven
  • * Operating expense ratio relative to revenue growth rate to assess operating leverage
  • * Operating income trajectory toward profitability and margin expansion
  • * Cash burn rate and runway adequacy given current 33.5M cash position

SI-BONE, Inc. (SIBN) Financial Metrics & Key Ratios

Revenue
$52.6M
Net Income
$-4.3M
EPS (Diluted)
$-0.10
Free Cash Flow
$-3.4M
Total Assets
$242.7M
Cash Position
$33.5M

💡 AI Analyst Insight

Strong liquidity with a 9.99x current ratio provides a solid financial cushion.

SIBN Profit Margin, ROE & Profitability Analysis

Gross Margin 79.8%
Operating Margin -9.7%
Net Margin -8.2%
ROE -2.4%
ROA -1.8%
FCF Margin -6.5%

SIBN vs Healthcare Sector: How SI-BONE, Inc. Compares

How SI-BONE, Inc. compares to Healthcare sector averages

Net Margin
SIBN -8.2%
vs
Sector Avg 12.0%
SIBN Sector
ROE
SIBN -2.4%
vs
Sector Avg 15.0%
SIBN Sector
Current Ratio
SIBN 10.0x
vs
Sector Avg 2.0x
SIBN Sector
Debt/Equity
SIBN 0.2x
vs
Sector Avg 0.6x
SIBN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is SI-BONE, Inc. Stock Overvalued? SIBN Valuation Analysis 2026

Based on fundamental analysis, SI-BONE, Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-2.4%
Sector avg: 15%
Net Profit Margin
-8.2%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.20x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

SI-BONE, Inc. Balance Sheet: SIBN Debt, Cash & Liquidity

Current Ratio
9.99x
Quick Ratio
8.34x
Debt/Equity
0.20x
Debt/Assets
26.3%
Interest Coverage
-5.78x
Long-term Debt
$35.6M

SIBN Revenue & Earnings Growth: 5-Year Financial Trend

SIBN 5-year financial data: Year 2021: Revenue $90.2M, Net Income -$43.7M, EPS $-1.50. Year 2022: Revenue $106.4M, Net Income -$56.6M, EPS $-1.71. Year 2023: Revenue $138.9M, Net Income -$61.3M, EPS $-1.79. Year 2024: Revenue $167.2M, Net Income -$61.3M, EPS $-1.79. Year 2025: Revenue $200.9M, Net Income -$43.3M, EPS $-1.13.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: SI-BONE, Inc.'s revenue has grown significantly by 123% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.13 indicates the company is currently unprofitable.

SIBN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-6.5%
Free cash flow / Revenue

SIBN Quarterly Earnings & Performance

Quarterly financial performance data for SI-BONE, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $47.3M -$4.3M $-0.10
Q3 2025 $40.3M -$4.6M $-0.11
Q2 2025 $40.0M -$6.2M $-0.14
Q1 2025 $37.9M -$6.5M $-0.15
Q3 2024 $34.0M -$6.6M $-0.16
Q2 2024 $33.3M -$8.9M $-0.22
Q1 2024 $32.7M -$10.9M $-0.27
Q3 2023 $26.4M -$10.0M $-0.25

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

SI-BONE, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$2.4M
Cash generated from operations
Stock Buybacks
$38.0K
Shares repurchased (TTM)
Capital Expenditures
$1.1M
Investment in assets
Dividends
None
No dividend program

SIBN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for SI-BONE, Inc. (CIK: 0001459839)

📋 Recent SEC Filings

Date Form Document Action
May 20, 2026 4 xslF345X06/primarydocument.xml View →
May 20, 2026 4 xslF345X06/primarydocument.xml View →
May 20, 2026 4 xslF345X06/primarydocument.xml View →
May 11, 2026 10-Q sibn-20260331.htm View →
May 11, 2026 8-K sibn-20260511.htm View →

Frequently Asked Questions about SIBN

What is the AI rating for SIBN?

SI-BONE, Inc. (SIBN) has an AI grade of B with 55% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SIBN's key strengths?

Claude: Strong 20.2% YoY revenue growth with industry-leading 79.8% gross margins indicates robust product-market fit and pricing power. Fortress balance sheet with 33.5M cash, low 0.20x debt/equity leverage, and 178.9M stockholders' equity provides substantial runway and financial flexibility.

What are the risks of investing in SIBN?

Claude: Negative operating cash flow (-2.4M) and free cash flow (-3.4M) demonstrate ongoing cash burn despite revenue growth, threatening long-term viability if trend persists. Operating margin of -9.7% and net margin of -8.2% reveal structural profitability challenges with inability to convert strong gross margins into operating income due to high expenses.

What is SIBN's revenue and growth?

SI-BONE, Inc. reported revenue of $52.6M.

Does SIBN pay dividends?

SI-BONE, Inc. does not currently pay dividends.

Where can I find SIBN SEC filings?

Official SEC filings for SI-BONE, Inc. (CIK: 0001459839) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SIBN's EPS?

SI-BONE, Inc. has a diluted EPS of $-0.10.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SIBN's fundamental grade?

Based on our AI fundamental analysis in May 2026, SI-BONE, Inc. has a B grade with 55% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SIBN stock overvalued or undervalued?

Valuation metrics for SIBN: ROE of -2.4% (sector avg: 15%), net margin of -8.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is SIBN's AI grade for 2026?

Our dual AI analysis gives SI-BONE, Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SIBN's free cash flow?

SI-BONE, Inc.'s operating cash flow is $-2.4M, with capital expenditures of $1.1M. FCF margin is -6.5%.

How does SIBN compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -8.2% (avg: 12%), ROE -2.4% (avg: 15%), current ratio 9.99 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 12, 2026 | Data as of: 2026-03-31 | Powered by Claude AI