SI-BONE, Inc. (SIBN) Balance Sheet
SIBN balance sheet, 2025
December 31, 2025 · U.S. dollars$238.6M assets = $61.0M liabilities + $177.5M equity
Both columns are drawn to the same scale: what SIBN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SIBN financial health
Current ratio8.55
Comfortable · current assets cover current liabilities 8.55×
Debt / equity0.01
Low leverage · $0.01 of debt for each $1 of equity
Equity / assets74.4%
Equity-funded · of assets funded by shareholders
Cash / debt13,210.3%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
SIBN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $39.4M2016 | $238.6M2025 | +22.1%/yr | |
| Total liabilities | $148.2M2016 | $61.0M2025 | −9.4%/yr | |
| Shareholders’ equity | −$108.7M2016 | $177.5M2025 | — | |
| Cash & short-term investments | $27.9M2016 | $147.8M2025 | +20.4%/yr | |
| Total debt | $29.9M2016 | $1.1M2025 | −30.6%/yr | |
| Net cash (debt) | −$2.0M2016 | $146.7M2025 | +$148.7M | |
| Working capital | $22.9M2016 | $190.8M2025 | +$167.9M | |
| Book value per share | −$7.022016 | $4.082025 | — | |
| Current ratio | 2.712016 | 8.552025 | +5.84 | |
| Debt / equity | 0.432018 | 0.012025 | −0.43 | |
| Shares outstanding | 15.5M2016 | 43.5M2025 | +12.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SIBN assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
SIBN liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
SIBN debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SIBN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $147.8M | $150.0M | $166.0M | $97.3M | $147.0M | $196.4M | $91.8M | $122.2M | $22.4M | $27.9M |
| Cash & equivalents | $42.2M | $34.9M | $33.3M | $20.7M | $63.4M | $53.6M | $10.4M | $25.1M | $22.4M | $27.9M |
| Short-term investments | $105.6M | $115.1M | $132.7M | $76.6M | $83.6M | $142.9M | $81.3M | $97.1M | — | — |
| Receivables | $29.9M | $27.5M | $22.0M | $20.7M | $14.2M | $13.6M | $11.7M | $8.5M | $7.4M | $6.0M |
| Inventory | $33.9M | $27.1M | $20.2M | $17.3M | $11.5M | $5.6M | $5.5M | $3.3M | $2.6M | $1.5M |
| Other current assets | $4.5M | $3.2M | $3.2M | $2.4M | $3.1M | $2.6M | $2.5M | $2.0M | $1.3M | $959,000 |
| Total current assets | $216.1M | $207.8M | $211.4M | $137.6M | $175.9M | $218.2M | $111.5M | $136.0M | $33.6M | $36.3M |
| Property, plant & equipment (net) | $22.4M | $22.4M | $18.7M | $19.6M | $14.2M | $4.5M | $4.0M | $2.2M | $1.9M | $2.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40,000 | $47,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $1.3M | $0 | $0 | $0 |
| Other non-current assets | $55,000 | $300,000 | $325,000 | $375,000 | $400,000 | $374,000 | $315,000 | $325,000 | $269,000 | $457,000 |
| Total assets | $238.6M | $230.4M | $230.4M | $157.6M | $190.5M | $223.1M | $117.0M | $138.5M | $35.8M | $39.4M |
| Liabilities | ||||||||||
| Accounts payable | $4.6M | $6.5M | $4.6M | $6.3M | $3.2M | $3.3M | $2.8M | $2.1M | $1.8M | $1.0M |
| Short-term debt | $944,000 | $1.2M | $1.4M | $1.4M | $1.3M | — | $4.4M | — | $38.7M | $8.2M |
| Deferred revenue | — | — | — | — | $11.1M | — | $11.3M | — | — | $3.9M |
| Total current liabilities | $25.3M | $27.1M | $23.5M | $21.2M | $16.9M | $13.5M | $18.8M | $9.0M | $7.5M | $13.4M |
| Long-term debt | $35.6M | $35.5M | $36.1M | $35.2M | $35.0M | $39.5M | $34.9M | $39.0M | $39.1M | $21.7M |
| Lease obligations | $1.1M | $2.0M | $2.9M | $4.3M | $5.5M | $0 | — | — | — | — |
| Other long-term liabilities | $175,000 | $889,000 | $1.5M | $2.9M | $4.2M | $854,000 | $362,000 | $360,000 | $118.5M | $113.1M |
| Total liabilities | $61.0M | $63.5M | $61.0M | $59.2M | $56.1M | $53.8M | $54.0M | $48.3M | $165.2M | $148.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4,000 | $4,000 | $4,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$450.3M | −$431.4M | −$400.4M | −$357.1M | −$295.8M | −$239.3M | −$195.6M | −$157.2M | −$139.7M | −$116.7M |
| Accumulated other comprehensive income | $816,000 | $244,000 | $335,000 | $232,000 | $352,000 | $524,000 | $464,000 | $439,000 | $402,000 | $472,000 |
| Total shareholders' equity | $177.5M | $167.0M | $169.4M | $98.3M | $134.4M | $169.4M | $63.0M | $90.2M | −$129.4M | −$108.7M |
| Key figures | ||||||||||
| Total debt | $1.1M | $37.5M | $39.0M | $39.4M | $40.5M | $39.5M | $39.2M | $39.0M | $77.8M | $29.9M |
| Net cash (debt) | $146.7M | $112.6M | $127.0M | $57.9M | $106.5M | $157.0M | $52.6M | $83.3M | −$55.4M | −$2.0M |
| Working capital | $190.8M | $180.6M | $187.9M | $116.4M | $159.0M | $204.8M | $92.7M | $127.0M | $26.1M | $22.9M |
| Tangible book value | $177.5M | $167.0M | $169.4M | $98.3M | $134.4M | $169.4M | $63.0M | $90.2M | −$129.4M | −$108.8M |
| Book value per share | $4.08 | $4.03 | $4.41 | $2.87 | $4.06 | $5.83 | $2.55 | $5.67 | −$9.33 | −$7.02 |
| Shares outstanding | 43.5M | 41.5M | 38.4M | 34.2M | 33.1M | 29.1M | 24.7M | 15.9M | 13.9M | 15.5M |
| Current ratio | 8.55 | 7.66 | 9.01 | 6.50 | 10.41 | 16.20 | 5.94 | 15.11 | 4.46 | 2.71 |
| Quick ratio | 7.03 | 6.54 | 8.01 | 5.57 | 9.55 | 15.59 | 5.51 | 14.51 | 3.96 | 2.53 |
| Debt / equity | 0.01 | 0.22 | 0.23 | 0.40 | 0.30 | 0.23 | 0.62 | 0.43 | — | — |
| Equity / assets | 74.4% | 72.5% | 73.5% | 62.4% | 70.6% | 75.9% | 53.8% | 65.1% | −361.0% | −275.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $145.9M | $144.7M | $147.8M | $145.7M | $145.5M | $144.4M | $150.0M | $150.8M | $151.5M | $157.8M | $166.0M | $166.8M |
| Cash & equivalents | $33.1M | $33.5M | $42.2M | $26.5M | $34.1M | $41.2M | $34.9M | $30.2M | $25.6M | $32.0M | $33.3M | $53.5M |
| Short-term investments | $112.8M | $111.1M | $105.6M | $119.3M | $111.4M | $103.2M | $115.1M | $120.6M | $126.0M | $125.8M | $132.7M | $113.3M |
| Receivables | $31.2M | $31.0M | $29.9M | $26.5M | $24.4M | $26.7M | $27.5M | $24.9M | $24.8M | $22.1M | $22.0M | $20.0M |
| Inventory | $38.4M | $35.5M | $33.9M | $35.7M | $34.2M | $30.4M | $27.1M | $25.5M | $23.2M | $21.0M | $20.2M | $22.3M |
| Other current assets | $4.4M | $3.5M | $4.5M | $2.8M | $3.3M | $2.7M | $3.2M | $2.5M | $2.8M | $2.6M | $3.2M | $1.9M |
| Total current assets | $219.9M | $214.7M | $216.1M | $210.8M | $207.4M | $204.2M | $207.8M | $203.7M | $202.3M | $203.6M | $211.4M | $211.0M |
| Property, plant & equipment (net) | $28.6M | $27.8M | $22.4M | $23.2M | $23.2M | $22.8M | $22.4M | $23.0M | $21.2M | $19.8M | $18.7M | $19.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $216,000 | $217,000 | $55,000 | $306,000 | $306,000 | $302,000 | $300,000 | $326,000 | $323,000 | $323,000 | $325,000 | $338,000 |
| Total assets | $248.8M | $242.7M | $238.6M | $234.3M | $230.9M | $227.3M | $230.4M | $227.0M | $223.8M | $223.7M | $230.4M | $230.9M |
| Liabilities | ||||||||||||
| Accounts payable | $8.5M | $6.8M | $4.6M | $7.7M | $7.5M | $7.7M | $6.5M | $7.3M | $7.2M | $7.7M | $4.6M | $4.4M |
| Short-term debt | $426,000 | $658,000 | $944,000 | $1.1M | $1.1M | $1.1M | $1.2M | $1.2M | $4.3M | $1.4M | $1.4M | $1.4M |
| Total current liabilities | $24.0M | $21.5M | $25.3M | $26.4M | $24.8M | $24.0M | $27.1M | $24.7M | $22.1M | $20.9M | $23.5M | $19.4M |
| Long-term debt | $35.6M | $35.6M | $35.6M | $35.5M | $35.5M | $35.5M | $35.5M | $36.2M | $36.1M | $36.1M | $36.1M | $36.0M |
| Lease obligations | $7.2M | $7.3M | $1.1M | $1.3M | $1.4M | $1.7M | $2.0M | $2.3M | $2.3M | $2.6M | $2.9M | $3.3M |
| Other long-term liabilities | $6.7M | $6.7M | $175,000 | $165,000 | $318,000 | $583,000 | $889,000 | $1.1M | $901,000 | $1.2M | $1.5M | $1.9M |
| Total liabilities | $66.4M | $63.8M | $61.0M | $62.1M | $60.6M | $60.0M | $63.5M | $62.0M | $59.1M | $58.2M | $61.0M | $57.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| Retained earnings (deficit) | −$458.7M | −$454.6M | −$450.3M | −$448.6M | −$444.0M | −$437.9M | −$431.4M | −$426.9M | −$420.3M | −$411.3M | −$400.4M | −$389.5M |
| Accumulated other comprehensive income | $387,000 | $501,000 | $816,000 | $772,000 | $660,000 | $319,999 | $244,000 | $582,000 | $227,000 | $266,000 | $335,000 | $356,000 |
| Total shareholders' equity | $182.3M | $178.9M | $177.5M | $172.1M | $170.3M | $167.3M | $167.0M | $165.0M | $164.7M | $165.5M | $169.4M | $173.6M |
| Key figures | ||||||||||||
| Total debt | $7.2M | $7.3M | $1.1M | $36.8M | $36.9M | $37.2M | $37.5M | $38.5M | $41.4M | $38.7M | $39.0M | $39.3M |
| Net cash (debt) | $138.8M | $137.3M | $146.7M | $108.9M | $108.6M | $107.3M | $112.6M | $112.3M | $110.1M | $119.1M | $127.0M | $127.5M |
| Working capital | $195.9M | $193.2M | $190.8M | $184.3M | $182.7M | $180.2M | $180.6M | $179.0M | $180.3M | $182.8M | $187.9M | $191.6M |
| Tangible book value | $182.3M | $178.9M | $177.5M | $172.1M | $170.3M | $167.3M | $167.0M | $165.0M | $164.7M | $165.5M | $169.4M | $173.6M |
| Book value per share | $4.12 | $4.07 | $4.08 | $3.99 | $3.98 | $3.95 | $3.98 | $3.95 | $3.99 | $4.04 | $4.17 | $4.31 |
| Shares outstanding | 44.2M | 44.0M | 43.5M | 43.2M | 42.8M | 42.3M | 42.0M | 41.7M | 41.3M | 40.9M | 40.6M | 40.3M |
| Current ratio | 9.15 | 9.99 | 8.55 | 7.97 | 8.38 | 8.53 | 7.66 | 8.25 | 9.17 | 9.76 | 9.01 | 10.89 |
| Quick ratio | 7.37 | 8.17 | 7.03 | 6.52 | 6.87 | 7.14 | 6.54 | 7.12 | 7.99 | 8.63 | 8.01 | 9.64 |
| Debt / equity | 0.04 | 0.04 | 0.01 | 0.21 | 0.22 | 0.22 | 0.22 | 0.23 | 0.25 | 0.23 | 0.23 | 0.23 |
| Equity / assets | 73.3% | 73.7% | 74.4% | 73.5% | 73.8% | 73.6% | 72.5% | 72.7% | 73.6% | 74.0% | 73.5% | 75.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
SIBN financial position
At the end of fiscal 2025 (December 31, 2025), SI-BONE had total assets of $238.6 million (up 3.5% from a year earlier), total liabilities of $61.0 million and shareholders' equity of $177.5 million. It held $147.8 million in cash and short-term investments against $1.1 million of debt, a net cash position of $146.7 million. Its current ratio was 8.55. In the latest quarter (ended June 30, 2026) total assets were $248.8 million and equity $182.3 million.
Related: SIBN income statement, SIBN cash flow statement, SIBN key metrics. See the SIBN stock overview for the latest quote and news.
SIBN balance sheet FAQ
What are SI-BONE's total assets?
SI-BONE reported total assets of $238.6 million at the end of fiscal 2025 (December 31, 2025), compared with $230.4 million a year earlier.
How much debt does SI-BONE have?
SI-BONE had $1.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does SI-BONE have?
SI-BONE held $147.8 million in cash and short-term investments at the end of fiscal 2025; with $1.1 million of debt that is net cash of $146.7 million.
What is SI-BONE's book value?
SI-BONE's shareholders' equity (book value) was $177.5 million at the end of fiscal 2025, or $4.08 per share.
What is SI-BONE's current ratio?
SI-BONE had current assets of $216.1 million and current liabilities of $25.3 million, a current ratio of 8.55 (it can cover its short-term obligations).