The company maintains a clean debt profile with no long-term debt, yet the financial structure remains fragile as evidenced by a cumulative deficit in retained earnings of $230.1 million.
| Total Current Assets | 949.22M | 949.28M | 544.06M | 623.24M | 669.07M | 625.94M | 113.18M | 99.66M | 53.1M | 53.73M |
| Cash & Short-Term Investments | 498.48M | 808.41M | 418.83M | 528.2M | 564.1M | 559.46M | 73.53M | 63.42M | 7.89M | 9.1M |
| Cash Only | 498.48M | 16.76M | 6.11M | 9.47M | 34.6M | 559.46M | 73.53M | 63.42M | 7.89M | 9.1M |
| Short-Term Investments | 0 | 791.65M | 412.73M | 518.73M | 529.49M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 55M | 45.04M | 38.21M | 21.86M | 41.23M | 38.38M | 24.66M | 18.73M | 20.62M | 22.63M |
| Days Sales Outstanding | 35.89 | 50.33 | 68.8 | 55.41 | 53.06 | 64.02 | 77.48 | 81.32 | 88.31 | 81.73 |
| Inventory | 91.12M | 81.56M | 76.74M | 65.54M | 57.65M | 23.63M | 12.35M | 11.91M | 20.54M | 15.38M |
| Days Inventory Outstanding | 186.26 | 196.26 | 285.23 | 386.43 | 209.08 | 108.7 | 77.42 | 97.66 | 153 | 105.59 |
| Other Current Assets | 304.62M | 7.51M | 5.97M | 4.08M | 2.97M | 2.08M | 722K | 984K | 2.85M | 2.4M |
| Total Non-Current Assets | 343.64M | 345.42M | 340.9M | 328.44M | 81.55M | 52.27M | 22.83M | 23.73M | 19.59M | 21M |
| Property, Plant & Equipment | 110.14M | 109.2M | 89.04M | 62.95M | 69.62M | 46.1M | 20.6M | 19.08M | 11.28M | 12.74M |
| Fixed Asset Turnover | 3.54x | 2.99x | 2.28x | 2.29x | 4.07x | 4.75x | 5.64x | 4.41x | 7.55x | 7.93x |
| Goodwill | 87.1M | 87.1M | 87.1M | 87.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 141.57M | 147.37M | 163.56M | 177.08M | 5.21M | 5.98M | 2.07M | 4.49M | 8.14M | 8.11M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 4.83M | 1.75M | 1.2M | 1.32M | 6.72M | 193K | 162K | 162K | 162K | 144K |
| Total Assets | 1.29B | 1.29B | 884.96M | 951.68M | 750.62M | 678.21M | 136.01M | 123.39M | 72.69M | 74.73M |
| Asset Turnover | 0.30x | 0.25x | 0.23x | 0.15x | 0.38x | 0.32x | 0.85x | 0.68x | 1.17x | 1.35x |
| Asset Growth % | 184.46% | 46.3% | -7.01% | 26.79% | 10.68% | 398.64% | 10.23% | 69.75% | -2.73% | - |
| Total Current Liabilities | 76.08M | 84M | 108.45M | 121.39M | 33.79M | 37.38M | 19.14M | 53.31M | 58.68M | 54.42M |
| Accounts Payable | 22.91M | 21.33M | 22.89M | 8.69M | 14.88M | 13.1M | 6.18M | 3.87M | 5.03M | 5.8M |
| Days Payables Outstanding | 41.3 | 51.32 | 85.09 | 51.24 | 53.97 | 60.28 | 38.75 | 31.72 | 37.42 | 39.83 |
| Short-Term Debt | 0 | 2.48M | 0 | 0 | 0 | 0 | 0 | 41M | 46M | 43M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.08M | 4.72M |
| Other Current Liabilities | 53.17M | 46.19M | 27.63M | 103.75M | 4.76M | 7.86M | 3.06M | 1.22M | 1.58M | 902K |
| Current Ratio | 12.48x | 11.30x | 5.02x | 5.13x | 19.80x | 16.74x | 5.91x | 1.87x | 0.90x | 0.99x |
| Quick Ratio | 11.28x | 10.33x | 4.31x | 4.59x | 18.09x | 16.11x | 5.27x | 1.65x | 0.55x | 0.70x |
| Cash Conversion Cycle | 180.84 | 195.27 | 268.94 | 390.6 | 208.17 | 112.44 | 116.14 | 147.26 | 203.88 | 147.49 |
| Total Non-Current Liabilities | 57.8M | 54.51M | 76.79M | 122.24M | 8.34M | 8.33M | 6.99M | 7.94M | 2.99M | 2.63M |
| Long-Term Debt | 0 | 1.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 5.32M | 1.13M | 3.49M | 5.42M | 8.15M | 6.4M | 6.99M | 7.94M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 57.8M | 52.25M | 73.3M | 116.81M | 193K | 1.93M | 0 | 0 | 2.99M | 2.63M |
| Total Liabilities | 133.88M | 138.52M | 185.24M | 243.63M | 42.14M | 45.71M | 26.13M | 61.25M | 61.67M | 57.05M |
| Total Debt | 0 | 4.74M | 6.23M | 8.02M | 10.63M | 7.73M | 8.25M | 50.81M | 46M | 43M |
| Net Debt | -498.48M | -12.02M | 126K | -1.44M | -23.97M | -551.73M | -65.28M | -12.6M | 38.11M | 33.9M |
| Debt / Equity | 0.00x | 0.00x | 0.01x | 0.01x | 0.02x | 0.01x | 0.08x | 0.82x | 4.18x | 2.43x |
| Debt / EBITDA | -0.00x | - | - | - | 0.38x | 0.19x | - | 14.95x | - | 4.71x |
| Net Debt / EBITDA | 21.03x | - | - | - | -0.86x | -13.53x | - | -3.71x | - | 3.71x |
| Interest Coverage | - | - | - | - | - | - | -11.86x | -2.86x | -5.20x | 6.39x |
| Total Equity | 1.16B | 1.16B | 699.72M | 708.05M | 708.48M | 632.5M | 109.88M | 62.14M | 11.02M | 17.68M |
| Equity Growth % | 250.02% | 65.24% | -1.18% | -0.06% | 12.01% | 475.63% | 76.83% | 464.14% | -37.68% | - |
| Book Value per Share | 44.00 | 46.31 | 30.27 | 31.91 | 31.26 | 29.91 | 6.84 | 5.89 | 0.77 | 1.24 |
| Total Shareholders' Equity | 1.16B | 1.16B | 699.72M | 708.05M | 708.48M | 632.5M | 109.88M | 62.14M | 11.02M | 17.68M |
| Common Stock | 3K | 3K | 2K | 2K | 2K | 2K | 2K | 2K | 1K | 1K |
| Retained Earnings | -230.12M | -224.9M | -182M | -88.4M | -7.87M | -31.12M | -63.4M | -54.02M | -47.42M | -38.08M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.13M | -6.91M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and Capital Adequacy
As reported in recent financial statements, SiTime's total assets surged to $1.3 billion by 2026Q1, yet this growth appears disconnected from the company's historical liquidity profile, suggesting that the firm is aggressively scaling its balance sheet despite persistent, underlying net losses that continue to erode retained earnings.
The rapid expansion in total assets from $872.1 million in 2025Q1 to $1.3 billion in 2026Q1 indicates a significant commitment to scaling operations, likely to support the MEMS technology rollout. However, the simultaneous decline in retained earnings to -$230.1 million suggests that this growth is being fueled by external capital rather than internal value creation, warranting caution regarding the sustainability of this trajectory.
Based on the provided quarterly data, SiTime's cash position has exhibited extreme volatility, plummeting from $172.5 million in 2025Q2 to a precarious $16.8 million by 2025Q4, which raises significant concerns regarding the company's ability to maintain its current R&D-heavy operating model without immediate external financing.
While the current ratio remains elevated, the absolute cash balance is insufficient to cover the company's ongoing operating losses and high R&D requirements. Investors should monitor this liquidity gap closely, as the rapid depletion of cash reserves suggests that the firm may be approaching a critical inflection point where capital access becomes a primary operational constraint.
According to the balance sheet, SiTime maintains a relatively lean PPE base of $110.1 million alongside $87.1 million in goodwill, which, as noted in recent filings, underscores the company's fabless business model and its reliance on intellectual property rather than heavy physical manufacturing infrastructure to drive competitive differentiation.
The concentration of value in intangible assets and intellectual property is consistent with a high-growth semiconductor firm, yet it also introduces risks related to potential goodwill impairment if market adoption of MEMS technology fails to meet aggressive growth expectations. The modest PPE footprint confirms the fabless strategy, which keeps fixed costs lower but increases dependency on third-party foundry capacity.
Analysis of the balance sheet reveals that while SiTime reports negligible debt, the company's reliance on equity-based financing and the persistent erosion of retained earnings, which reached -$230.1 million in 2026Q1, suggest that the firm's financial health is more fragile than the headline debt-to-equity ratio might imply.
The absence of traditional debt is a positive, yet the structural reliance on equity to fund operating losses creates a risk of significant shareholder dilution. Investors should be wary of the potential for future capital raises, as the current balance sheet structure appears to prioritize growth at the expense of long-term capital preservation.
Quick answers to the most common questions about buying SITM stock.
As of 2025, SiTime Corporation (SITM) had total assets of $1.29B including $949.3M in current assets.
SiTime Corporation (SITM) carries total debt of $4.7M, offset by $808.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SiTime Corporation (SITM) has total shareholders' equity (book value) of $1.16B ($46.31 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SiTime Corporation (SITM) reported a current ratio of 11.30x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.