Revenue growth has accelerated to 88.3% as of 2026Q1, though the company continues to report a negative operating margin of -10.9% due to high operating expense intensity.
| Sales/Revenue | 379.91M | 326.66M | 202.7M | 143.99M | 283.61M | 218.81M | 116.16M | 84.07M | 85.21M | 101.06M |
| Revenue Growth % | 65.19% | 61.16% | 40.77% | -49.23% | 29.61% | 88.37% | 38.16% | -1.34% | -15.68% | - |
| Cost of Goods Sold | 168.31M | 151.67M | 98.2M | 61.91M | 100.64M | 79.35M | 58.22M | 44.52M | 49.01M | 53.15M |
| COGS % of Revenue | - | 46.43% | 48.45% | 42.99% | 35.49% | 36.26% | 50.13% | 52.95% | 57.51% | 52.59% |
| Gross Profit | 211.6M | 174.99M | 104.49M | 82.09M | 182.96M | 139.46M | 57.93M | 39.56M | 36.2M | 47.92M |
| Gross Margin % | 55.7% | 53.57% | 51.55% | 57.01% | 64.51% | 63.74% | 49.87% | 47.05% | 42.49% | 47.41% |
| Gross Profit Growth % | - | 67.46% | 27.3% | -55.13% | 31.19% | 140.73% | 46.45% | 9.26% | -24.44% | - |
| Operating Expenses | 252.19M | 235.4M | 219.73M | 189.29M | 166.82M | 106.62M | 66.55M | 44.43M | 43.99M | 42.33M |
| OpEx % of Revenue | - | 72.06% | 108.41% | 131.46% | 58.82% | 48.73% | 57.29% | 52.85% | 51.63% | 41.88% |
| Selling, General & Admin | 128.58M | 116.5M | 102.16M | 83.97M | 76.53M | 54.52M | 34.89M | 20.64M | 21.22M | 21.34M |
| SG&A % of Revenue | - | 35.67% | 50.4% | 58.32% | 26.99% | 24.91% | 30.04% | 24.55% | 24.9% | 21.12% |
| Research & Development | 121.6M | 118.89M | 106.86M | 97.59M | 90.29M | 52.1M | 31.65M | 23.8M | 22.77M | 20.99M |
| R&D % of Revenue | - | 36.4% | 52.72% | 67.77% | 31.84% | 23.81% | 27.25% | 28.3% | 26.73% | 20.77% |
| Other Operating Expenses | 1.13M | 0 | 10.72M | 7.73M | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -48.2M | -60.41M | -115.24M | -107.2M | 16.14M | 32.84M | -8.61M | -4.87M | -7.79M | 5.59M |
| Operating Margin % | -12.69% | -18.49% | -56.85% | -74.45% | 5.69% | 15.01% | -7.41% | -5.8% | -9.14% | 5.53% |
| Operating Income Growth % | - | 47.58% | -7.5% | -764.11% | -50.85% | 481.32% | -76.75% | 37.45% | -239.36% | - |
| EBITDA | -23.7M | -42.3M | -85.17M | -91.07M | 27.98M | 40.77M | -2.21M | 3.4M | -377K | 9.14M |
| EBITDA Margin % | -6.24% | -12.95% | -42.02% | -63.25% | 9.87% | 18.63% | -1.9% | 4.04% | -0.44% | 9.04% |
| EBITDA Growth % | 68.32% | 50.33% | 6.48% | -425.43% | -31.36% | 1943.92% | -165.03% | 1001.86% | -104.13% | - |
| D&A (Non-Cash Add-back) | 19.72M | 0 | 30.07M | 16.13M | 11.84M | 7.93M | 6.4M | 8.27M | 7.41M | 3.55M |
| EBIT | -21.09M | -42.3M | -104.52M | -99.47M | 16.14M | 32.84M | -8.61M | -4.9M | -7.86M | 5.56M |
| Net Interest Income | 20.54M | 24.83M | 22.88M | 26.96M | 7.29M | 0 | -726K | -1.71M | -1.51M | -870K |
| Interest Income | 27.85M | 24.83M | 22.88M | 26.96M | 7.29M | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 726K | 1.71M | 1.51M | 870K |
| Other Income/Expense | 17.37M | 18.11M | 22.13M | 26.82M | 7.19M | -488K | -758K | -1.74M | -1.58M | -899K |
| Pretax Income | -23.7M | -42.3M | -93.11M | -80.38M | 23.34M | 32.35M | -9.37M | -6.62M | -9.37M | 4.69M |
| Pretax Margin % | -6.24% | -12.95% | -45.94% | -55.82% | 8.23% | 14.79% | -8.07% | -7.87% | -10.99% | 4.64% |
| Income Tax | 518K | 598K | 486K | 152K | 82K | 78K | 1K | -8K | -26K | -32K |
| Effective Tax Rate % | -2.19% | -1.41% | -0.52% | -0.19% | 0.35% | 0.24% | -0.01% | 0.12% | 0.28% | -0.68% |
| Net Income | -24.24M | -42.9M | -93.6M | -80.53M | 23.25M | 32.28M | -9.37M | -6.61M | -9.34M | 4.72M |
| Net Margin % | -6.38% | -13.13% | -46.18% | -55.93% | 8.2% | 14.75% | -8.07% | -7.86% | -10.96% | 4.67% |
| Net Income Growth % | 72.69% | 54.16% | -16.22% | -446.33% | -27.95% | 444.4% | -41.85% | 29.28% | -297.8% | - |
| Net Income (Continuing) | -24.24M | -42.9M | -93.6M | -80.53M | 23.25M | 32.28M | -9.37M | -6.61M | -9.34M | 4.72M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.92 | -1.72 | -4.05 | -3.63 | 1.03 | 1.53 | -0.58 | -0.63 | -0.65 | 0.33 |
| EPS Growth % | 73.49% | 57.53% | -11.57% | -452.43% | -32.68% | 363.79% | 7.94% | 3.08% | -296.97% | - |
| EPS (Basic) | - | -1.72 | -4.05 | -3.63 | 1.09 | 1.70 | -0.58 | -0.63 | -0.65 | 0.33 |
| Diluted Shares Outstanding | 26.34M | 24.97M | 23.12M | 22.19M | 22.66M | 21.14M | 16.06M | 10.56M | 14.3M | 14.3M |
| Basic Shares Outstanding | 26.34M | 24.97M | 23.12M | 22.19M | 21.25M | 19.01M | 16.06M | 10.56M | 14.3M | 14.3M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
High Operating Expense Intensity
As reported in recent quarterly filings, SiTime achieved a robust 88.3% year-over-year revenue growth in 2026Q1, signaling a significant acceleration in market adoption that stands in stark contrast to the contraction observed in early 2024, suggesting a potential inflection in demand for silicon-based timing solutions.
The rapid revenue expansion appears to be driven by successful design wins in high-value segments, though investors should monitor whether this pace is sustainable or merely a reflection of cyclical inventory restocking. The volatility in growth rates over the last ten quarters suggests that the company's revenue trajectory remains highly sensitive to broader semiconductor industry cycles.
Based on the provided financial data, SiTime has maintained gross margins consistently above 50%, peaking at 59.0% in 2026Q1, which suggests that the company's proprietary MEMS technology commands a meaningful pricing premium over traditional quartz alternatives despite the intense competitive landscape in the semiconductor timing sector.
The ability to sustain these margins while scaling revenue indicates strong product differentiation and effective value-based pricing strategies. However, future margin stability may be challenged by potential increases in wafer procurement costs or shifts in product mix toward lower-margin consumer applications.
According to the income statement history, SiTime's operating expenses continue to scale alongside revenue, as evidenced by the -10.9% operating margin in 2026Q1, indicating that the company has yet to achieve the necessary operating leverage to translate its high gross profit into consistent bottom-line profitability.
The persistent investment in R&D and SG&A suggests a management focus on aggressive market share capture rather than near-term earnings optimization. Investors should watch for a decoupling of revenue growth from operating expense growth, which would be a critical indicator of a transition toward a self-sustaining business model.
Analysis of the income statement reveals that stock-based compensation remains a significant non-cash expense, frequently exceeding $20 million per quarter, which complicates the interpretation of reported net income and suggests that GAAP figures may understate the true economic cost of the company's human capital strategy.
The reliance on equity-based incentives appears to be a structural component of the firm's compensation model, which may lead to ongoing dilution for shareholders. Analysts should adjust for these non-cash charges to better assess the underlying operational performance and the true cash burn rate of the business.
As indicated by the most recent financial snapshot, the reported cash position of $16.76 million appears insufficient relative to the company's ongoing operating losses, raising concerns about the firm's ability to fund its long-term R&D roadmap without resorting to dilutive external financing or aggressive cost-cutting measures.
This liquidity profile warrants immediate investigation, as it contradicts the typical cash reserves held by high-growth semiconductor firms of this scale. If the reported cash figure is accurate, the company may face a significant financing event in the near term, which could fundamentally alter the investment thesis.
Quick answers to the most common questions about buying SITM stock.
For fiscal year 2025, SiTime Corporation (SITM) reported total revenue of $326.7M. This represents a 223.2% increase compared to $101.1M in 2017.
SiTime Corporation (SITM) reported a net loss of $42.9M for the fiscal year ending 2025.
SiTime Corporation (SITM) reported an operating income of $-60.4M, resulting in an operating profit margin of -18.5%. This margin reflects the operational efficiency of the business before interest and taxes.
SiTime Corporation (SITM) generated $175.0M in gross profit for the year, representing a gross profit margin of 53.6%. This demonstrates the company's core pricing power and production efficiency.