SI BONE INC (SIBN)
Health Care · Orthopedic implants and devices · NASDAQ
SI-BONE develops minimally invasive implant systems for treating sacroiliac joint dysfunction, a common source of lower back and leg pain.
What SI BONE INC does
SI-BONE designs, manufactures, and commercializes implantable devices and surgical instruments for sacroiliac joint fusion procedures. The company's portfolio addresses disorders of the spinopelvic anatomy, with the sacroiliac joint being a primary focus. SI-BONE markets its products to orthopedic surgeons and neurosurgeons, working to establish physician adoption and secure reimbursement from third-party payors. The company is pursuing clinical development and regulatory approvals across multiple jurisdictions including the FDA and European regulatory bodies.
Themes: ["Spine and pelvis","Minimally invasive surgery","Orthopedic devices"]
Fundamentals
- Price$17.42 as of 2026-07-09 close
- Market cap$773M as of 2026-07-10
- 1-year return-5.5% as of 2026-07-09 close
- Net margin-8.1% as of 2026-07-10
- Gross margin+79.6% as of 2026-07-10
- ROE-9.6% as of 2026-07-10
- Debt / equity0.20 as of 2026-07-10
- Revenue growth (YoY)+16.8% as of 2026-07-10
- Revenue CAGR (3y)+23.6% SEC XBRL
- Beta0.71 as of 2026-07-10
Key risks (from latest filing)
["Intense competition from larger medical device companies with greater resources (Medtronic, Globus Medical, Alphatec), which may develop superior or patented competing products faster than SI-BONE can commercialize","Significant accumulated operating losses ($450.3 million as of end-2025) and continued unprofitability; reliance on capital market access to fund operations","Dependence on a limited number of suppliers and sole-source suppliers for instruments and materials; tariff impacts and supply chain disruptions could affect product availability and gross margins"]
Competitors & peers
- Medtronic plc
- Globus Medical, Inc.
- Alphatec Holding Inc.
- Aurora Spine Corporation
- Tenon Medical, Inc.
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.