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SiTime Corporation engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally. It offers various types of oscillators, as well as clock integrated circuits, resonators, and synchronization software for use in artificial intelligence systems, data center, communications, enterprise, automotive, industrial, aerospace, defense, mobile, Internet of Things, and consumer markets. The company was incorporated in 2003 and is based in Santa Clara, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $327M | $-20M | $-43M | $35M | -3.7% | 61.2% | -54.2% |
| 2024 | $203M | $-74M | $-94M | $-13M | -13.4% | 40.8% | 16.2% |
| 2023 | $144M | $-83M | $-81M | $-4M | -11.4% | -49.2% | -446.3% |
| 2022 | $284M | $28M | $23M | $4M | 3.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 283.60 | 143.99 | 202.70 | 326.66 |
| Operating Revenue | - | 283.60 | 143.99 | 202.70 | 326.66 |
| Cost Of Revenue | - | 100.64 | 61.90 | 98.20 | 151.67 |
| Gross Profit | - | 182.96 | 82.09 | 104.49 | 174.99 |
| Operating Expense | - | 166.82 | 181.56 | 209.01 | 235.40 |
| Research And Development | - | 90.29 | 97.59 | 106.86 | 118.89 |
| Selling General And Administration | - | 76.53 | 83.97 | 102.16 | 116.50 |
| Total Expenses | - | 267.46 | 243.46 | 307.21 | 387.07 |
| Operating Income | - | 16.14 | -99.47 | -104.52 | -60.41 |
| Total Operating Income As Reported | - | 16.14 | -107.20 | -115.24 | -66.98 |
| EBITDA | - | 27.98 | -83.34 | -74.45 | -20.22 |
| Normalized EBITDA | - | 27.98 | -75.62 | -63.72 | -13.66 |
| EBIT | - | 16.14 | -99.47 | -104.52 | -60.41 |
| Interest Income | - | 7.29 | 26.96 | 22.88 | 24.83 |
| Interest Expense | 0 | - | - | - | - |
| Net Interest Income | - | 7.29 | 26.96 | 22.88 | 24.83 |
| Other Non Operating Income Expenses | - | -0.10 | -0.14 | -0.76 | -0.16 |
| Other Income Expense | - | -0.10 | -7.87 | -11.48 | -6.72 |
| Interest Income Non Operating | - | 7.29 | 26.96 | 22.88 | 24.83 |
| Interest Expense Non Operating | 0 | - | - | - | - |
| Net Non Operating Interest Income Expense | - | 7.29 | 26.96 | 22.88 | 24.83 |
| Pretax Income | - | 23.34 | -80.38 | -93.12 | -42.30 |
| Tax Provision | - | 0.08 | 0.15 | 0.49 | 0.60 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -1.62 | -2.25 | -1.38 |
| Net Income Continuous Operations | - | 23.25 | -80.54 | -93.60 | -42.90 |
| Net Income From Continuing And Discontinued Operation | - | 23.25 | -80.54 | -93.60 | -42.90 |
| Net Income From Continuing Operation Net Minority Interest | - | 23.25 | -80.54 | -93.60 | -42.90 |
| Net Income | - | 23.25 | -80.54 | -93.60 | -42.90 |
| Net Income Common Stockholders | - | 23.25 | -80.54 | -93.60 | -42.90 |
| Net Income Including Noncontrolling Interests | - | 23.25 | -80.54 | -93.60 | -42.90 |
| Normalized Income | - | 23.25 | -74.43 | -85.13 | -37.72 |
| Diluted NI Availto Com Stockholders | - | 23.25 | -80.54 | -93.60 | -42.90 |
| Basic Average Shares | 19.01 | 21.24 | 22.19 | 23.12 | - |
| Diluted Average Shares | 21.14 | 22.66 | 22.19 | 23.12 | - |
| Reconciled Depreciation | - | 11.84 | 16.13 | 30.07 | 40.19 |
| Reconciled Cost Of Revenue | - | 100.64 | 61.90 | 98.20 | 151.67 |
| Total Unusual Items | - | 0 | -7.73 | -10.72 | -6.57 |
| Total Unusual Items Excluding Goodwill | - | 0 | -7.73 | -10.72 | -6.57 |
| Special Income Charges | - | 0 | -7.73 | -10.72 | -6.57 |
| Restructuring And Mergern Acquisition | - | 0 | 7.73 | 10.72 | 6.57 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SiTime Corporationthis co. | SITM | $18.7B | -434.98 | 16.14 | -3.7% | -922.21 |
| IonQ, Inc. | IONQ | $24.5B | -48.02 | 6.45 | -13.4% | -42.61 |
| Nextpower Inc. | NXT | $22.9B | 39.05 | 9.80 | 25.1% | 29.35 |
| TTM Technologies, Inc. | TTMI | $19.2B | 108.18 | 10.89 | 10.1% | 48.96 |
| DigitalOcean Holdings, Inc. | DOCN | $18.8B | 72.66 |
| - |
| - |
| - |
| - |
| - |
| -656.60 |
| -903.7% |
| 55.75 |
| Rambus Inc. | RMBS | $18.3B | 79.46 | 13.42 | 16.9% | 55.81 |
| Applied Optoelectronics, Inc. | AAOI | $16.3B | -425.88 | 22.18 | -5.2% | -1052.31 |
| Vicor Corporation | VICR | $14.0B | 117.69 | 19.61 | 16.7% | 132.12 |
| Applied Digital Corporation | APLD | $12.6B | -54.60 | 25.35 | -46.4% | -291.51 |
| Peer Median | - | 55.85 | 12.16 | 2.4% | 39.16 | |