SITIME Corp (SITM) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
SITIME CORPORATION SANTA CLARA, CA 95054 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 518,733 | 529,494 | ||||||
| Short-term investments | 518,733 | 529,494 | ||||||
| Receivables | 21,861 | 41,229 | 38,376 | 24,656 | 18,732 | |||
| Inventory, net of allowances, customer advances and progress billings | 65,539 | 57,650 | 23,630 | 12,350 | 11,911 | |||
| Inventory | 65,539 | 57,650 | 23,630 | 12,350 | 11,911 | |||
| Prepaid expense | 3,563 | 3,118 | 2,398 | 1,074 | 1,279 | |||
| Other current assets | 4,078 | 2,973 | 2,078 | 722 | 984 | |||
| Other undisclosed current assets | 9,468 | 34,603 | 559,461 | 74,378 | 66,756 | |||
| Total current assets: | 623,242 | 669,067 | 625,943 | 113,180 | 99,662 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 8,262 | 10,848 | 8,194 | 8,892 | 9,790 | |||
| Property, plant and equipment | 54,685 | 58,772 | 37,902 | 11,708 | 9,288 | |||
| Intangible assets, net (including goodwill) | 264,177 | 5,205 | 5,977 | 2,069 | 4,489 | |||
| Goodwill | 87,098 | |||||||
| Intangible assets, net (excluding goodwill) | 177,079 | 5,205 | 5,977 | 2,069 | 4,489 | |||
| Other noncurrent assets | 1,317 | 6,724 | 193 | 162 | 162 | |||
| Total noncurrent assets: | 328,441 | 81,549 | 52,266 | 22,831 | 23,729 | |||
| TOTAL ASSETS: | 951,683 | 750,616 | 678,209 | 136,011 | 123,391 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 19,195 | 26,546 | 25,082 | 14,438 | 8,925 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 7,237 | 5,362 | 1,880 | ||
| Accounts payable | 8,690 | 14,881 | 13,103 | 6,182 | 3,869 | |||
| Accrued liabilities | 10,505 | 11,665 | 4,742 | 2,894 | 3,176 | |||
| Debt | 42,874 | |||||||
| Business combination, contingent consideration, liability | 19,733 | |||||||
| Other undisclosed current liabilities | 82,466 | 7,248 | 12,303 | 4,707 | 1,512 | |||
| Total current liabilities: | 121,394 | 33,794 | 37,385 | 19,145 | 53,311 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation: | 6,398 | 6,986 | 7,940 | |||||
| Liabilities, other than long-term debt, including: | 122,237 | 8,342 | 1,929 | |||||
| Other liabilities | 193 | 1,929 | ||||||
| Operating lease, liability | 5,423 | 8,149 | 6,398 | 6,986 | 7,940 | |||
| Business combination, contingent consideration, liability | 83,728 | |||||||
| Other undisclosed liabilities, other than long-term debt | 33,086 | |||||||
| Other undisclosed noncurrent liabilities | (6,986) | |||||||
| Total noncurrent liabilities: | 122,237 | 8,342 | 8,327 | 6,986 | 7,940 | |||
| Total liabilities: | 243,631 | 42,136 | 45,712 | 26,131 | 61,251 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | 708,052 | 708,480 | 632,497 | 109,880 | 62,140 | |||
| Common stock | 2 | 2 | 2 | 2 | 2 | |||
| Additional paid in capital | 796,450 | 716,343 | 663,614 | 173,274 | 116,162 | |||
| Accumulated deficit | (88,400) | (7,865) | (31,119) | (63,396) | (54,024) | |||
| Other undisclosed equity, attributable to parent | ||||||||
| Total equity: | 708,052 | 708,480 | 632,497 | 109,880 | 62,140 | |||
| TOTAL LIABILITIES AND EQUITY: | 951,683 | 750,616 | 678,209 | 136,011 | 123,391 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 143,993 | 283,605 | 218,808 | 116,156 | 84,074 | ||
| Cost of revenue | (61,905) | (100,643) | (79,346) | (58,224) | (44,516) | ||
| Gross profit: | 82,088 | 182,962 | 139,462 | 57,932 | 39,558 | ||
| Operating expenses | (189,288) | (166,820) | (106,619) | (66,545) | (44,431) | ||
| Operating income (loss): | (107,200) | 16,142 | 32,843 | (8,613) | (4,873) | ||
| Nonoperating expense (Other Nonoperating expense) | (141) | (97) | (488) | (32) | (28) | ||
| Interest and debt expense | (726) | (1,714) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (107,341) | 16,045 | 32,355 | (9,371) | (6,615) | ||
| Other undisclosed income from continuing operations before income taxes | 26,958 | 7,291 | |||||
| Income (loss) from continuing operations before income taxes: | (80,383) | 23,336 | 32,355 | (9,371) | (6,615) | ||
| Income tax expense (benefit) | (152) | (82) | (78) | (1) | 8 | ||
| Income (loss) from continuing operations: | (80,535) | 23,254 | 32,277 | (9,372) | (6,607) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 32,277 | (9,372) | (6,607) | |
| Net income (loss) available to common stockholders, diluted: | (80,535) | 23,254 | 32,277 | (9,372) | (6,607) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (80,535) | 23,254 | 32,277 | (9,372) | (6,607) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (80,535) | 23,254 | 32,277 | (9,372) | (6,607) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.