$SITM

SITIME Corp

CIK:0001451809|SEC Filings

Condensed Consolidated Statements Of Operations And Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 157,432	$ 69,494	$ 270,999	$ 129,808
Cost of revenue	58,290	33,442	104,902	63,421
Gross profit	99,142	36,052	166,097	66,387
Operating expenses:
Research and development	36,117	30,563	68,854	60,589
Selling, general and administrative	46,301	28,228	85,237	55,086
Acquisition related costs	8,509	1,872	16,129	3,433
Total operating expenses	90,927	60,663	170,220	119,108
Income (loss) from operations	8,215	(24,611)	(4,123)	(52,721)
Interest income	12,545	4,263	19,854	8,557
Interest expense	(2,247)	0	(2,247)	0
Other (expense) income, net	(317)	204	(492)	210
Income (loss) before income taxes	18,196	(20,144)	12,992	(43,954)
Income tax expense	(40)	(35)	(53)	(102)
Net income (loss)	18,156	(20,179)	12,939	(44,056)
Net income (loss) attributable to common stockholders and comprehensive income (loss)	18,156	(20,179)	12,939	(44,056)
Net income (loss) attributable to common stockholders and comprehensive income (loss), basic	18,156	(20,179)	12,939	(44,056)
Net income (loss) attributable to common stockholders and comprehensive income (loss), diluted	$ 18,156	$ (20,179)	$ 12,939	$ (44,056)
Net income (loss) per share attributable to common stockholders, basic (in dollars per share)	$ 0.69	$ (0.84)	$ 0.49	$ (1.85)
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share)	$ 0.66	$ (0.84)	$ 0.47	$ (1.85)
Weighted-average shares used to compute basic net income (loss) per share (in shares)	26,450	23,923	26,397	23,790
Weighted-average shares used to compute diluted net income (loss) per share (in shares)	27,490	23,923	27,335	23,790

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ 12,939	$ (44,056)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization expense	25,383	18,814
Stock-based compensation expense	61,792	51,372
Net change in unrealized interest on held to maturity securities	7,817	1,238
Change in fair value of sales-based earnout liability	620	2,365
Accretion of acquisition consideration payable	0	1,068
Inventory write-down	2,647	2,824
Amortization of financing related transaction costs	2,247	0
Changes in assets and liabilities:
Accounts receivable, net	(43,665)	11,344
Inventories	(24,995)	(10,452)
Prepaid expenses and other assets	(3,247)	(1,454)
Accounts payable	10,420	(3,487)
Accrued expenses and other liabilities	19,000	800
Net cash provided by operating activities	70,958	30,376
Cash flows from investing activities
Purchase of securities	(133,579)	(635,817)
Proceeds from maturity of securities	897,409	423,162
Purchase of property and equipment	(25,765)	(34,545)
Purchase of intangibles	(652)	(164)
Net cash provided by (used in) investing activities	737,413	(247,364)
Cash flows from financing activities
Proceeds from issuance of convertible senior notes	1,350,000	0
Payments for capped call transactions	(121,500)	0
Payments for debt financing costs	(37,554)	0
Proceeds from issuance of common stock	0	433,091
Payments for offering costs	0	(15,088)
Tax withholding paid on behalf of employees for net share settlement	(87,315)	(27,284)
Payment of contingent consideration towards earnouts	(7,620)	(6,315)
Payment of deferred acquisition consideration payable	0	(1,000)
Net cash provided by financing activities	1,096,011	383,404
Net increase in cash and cash equivalents	1,904,382	166,416
Cash and cash equivalents
Beginning of period	16,759	6,106
End of period	1,921,141	172,522
Supplemental disclosure of cash flow information
Income taxes paid	82	107
Supplemental disclosure of noncash investing and financing activities
Liabilities recorded for property, plant and equipment, net	6,097	2,605
Unpaid offering costs	0	980
Unpaid financing costs	2,268	0
Right-of-use assets acquired under operating leases	$ 8,027	$ 405

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 1,921,141	$ 16,759
Short-term investments in held-to-maturity securities	0	791,648
Accounts receivable, net	88,706	45,040
Inventories	103,904	81,557
Prepaid expenses and other current assets	20,114	14,275
Total current assets	2,133,865	949,279
Property and equipment, net	114,387	105,114
Intangible assets, net	136,023	147,366
Right-of-use assets, net	9,859	4,089
Goodwill	87,098	87,098
Other assets	24,291	1,753
Total assets	2,505,523	1,294,699
Current liabilities:
Accounts payable	28,895	21,327
Accrued expenses and other current liabilities	80,841	62,678
Total current liabilities	109,736	84,005
Convertible senior notes, net	1,317,556	0
Other non-current liabilities	53,179	54,512
Total liabilities	1,480,471	138,517
Commitments and contingencies (Note 10)
Stockholders’ equity:
Common stock, $0.0001 par value - 200,000 shares authorized; 26,512 and 26,299 shares issued and outstanding at June 30, 2026 and December 31, 2025	3	3
Additional paid-in capital	1,237,014	1,381,083
Accumulated deficit	(211,965)	(224,904)
Total stockholders’ equity	1,025,052	1,156,182
Total liabilities and stockholders’ equity	$ 2,505,523	$ 1,294,699