Sitime
SITM · NasdaqSemiconductors & Related Devices · Fiscal year ends Dec 31
Sitime reported revenue of $327M in the fiscal year ended Dec 2025, up 61.2% from the year before. Operating income was −$67M, an operating margin of −20.5%, and net income was −$43M. Operating cash flow of $87M less capital expenditure of $52M left free cash flow of $35M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $219M | $284M | $144M | $203M | $327M |
| Cost of revenue | $79M | $101M | $62M | $98M | $152M |
| Gross profit | $139M | $183M | $82M | $104M | $175M |
| Research & development | $52M | $90M | $98M | $107M | $119M |
| Selling, general & admin | $55M | $77M | $84M | $102M | $117M |
| Operating income | $33M | $16M | −$107M | −$115M | −$67M |
| Pre-tax income | $32M | $23M | −$80M | −$93M | −$42M |
| Income tax | $78,000 | $82,000 | $152,000 | $486,000 | $598,000 |
| Net income | $32M | $23M | −$81M | −$94M | −$43M |
| Diluted EPS | 1.53 | 1.03 | −3.63 | −4.05 | −1.72 |
| Diluted shares | 21M | 23M | 22M | 23M | 25M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $559M | $35M | $9M | $6M | $17M |
| Receivables | $38M | $41M | $22M | $38M | $45M |
| Inventory | $24M | $58M | $66M | $77M | $82M |
| Current assets | $626M | $669M | $623M | $544M | $949M |
| Net PP&E | $38M | $59M | $55M | $82M | $105M |
| Goodwill | – | $0 | $87M | $87M | $87M |
| Total assets | $678M | $751M | $952M | $885M | $1.3B |
| Payables | $13M | $15M | $9M | $23M | $21M |
| Current liabilities | $37M | $34M | $121M | $108M | $84M |
| Total liabilities | $46M | $42M | $244M | $185M | $139M |
| Shareholders' equity | $632M | $708M | $708M | $700M | $1.2B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $59M | $40M | $8M | $23M | $87M |
| Capital expenditure | $31M | $32M | $9M | $36M | $52M |
| Free cash flow | $28M | $8M | −$889,000 | −$13M | $35M |
| Depreciation & amortisation | $8M | $12M | $16M | $30M | $40M |
| Stock-based compensation | $30M | $57M | $77M | $93M | $104M |
| Acquisitions | $0 | $0 | $39M | $0 | $0 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 29.6% | −49.2% | 40.8% | 61.2% |
| Operating income growth (YoY) | – | −50.9% | −764.1% | – | – |
| EPS growth (YoY) | – | −32.7% | −452.4% | – | – |
| Gross margin | 63.7% | 64.5% | 57.0% | 51.6% | 53.6% |
| Operating margin | 15.0% | 5.7% | −74.4% | −56.9% | −20.5% |
| Net margin | 14.8% | 8.2% | −55.9% | −46.2% | −13.1% |
| Return on equityBlank when equity is negative | 5.1% | 3.3% | −11.4% | −13.4% | −3.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 5.1% | 2.3% | −12.9% | −14.8% | −5.5% |
| Free cash flow margin | 12.9% | 2.8% | −0.6% | −6.4% | 10.8% |
| Cash conversion (CFO ÷ net income) | 1.83x | 1.71x | −0.10x | −0.25x | −2.03x |
| Receivable days | 64 | 53 | 55 | 69 | 50 |
| Inventory days | 109 | 209 | 386 | 285 | 196 |
| Payable days | 60 | 54 | 51 | 85 | 51 |
| Current ratio | 16.7x | 19.8x | 5.13x | 5.02x | 11.3x |
Recent filings
More in Semiconductors & Related Devices
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.