Short answer
SITIME Corp (SITM) filed its fiscal 2025 10-K annual report with the SEC on Feb 11, 2026. It reported revenue of $327M (+61.2% year over year) and net income of −$43M.
- Top risk flagged: Regulatory risk from One Big Beautiful Bill Act effective July 4, 2025; no material tax impact due to full valuation allowance and NOL carryforwards of $344.3M federal
FY2025 key financial metrics · XBRL
- Revenue
- $327M
- +61.2% YoY
- Net income
- −$43M
- +54.2% YoY
- Operating margin
- -20.5%
- +36.3 pp YoY
- Gross margin
- 53.6%
- +2.0 pp YoY
- EPS (diluted)
- −$1.72
- +57.5% YoY
- ROE
- -3.7%
- +9.7 pp YoY
- Operating cash flow
- $87M
- +275.8% YoY
Source: XBRL data from the SITIME Corp (SITM) FY2025 10-K on SEC EDGAR. USD.
SITIME Corp FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Provider of silicon MEMS-based Precision Timing solutions (oscillators, resonators, clocks, synchronization software) for advanced electronic systems
- New emphasis: Acquisition of Aura Semiconductor timing assets expanding clocking product portfolio; launch of TimeFabric synchronization software suite in 2025; introduction of Titan resonator platform with 100x performance improvement
- Strategic shift: Broadening from primarily oscillators to integrated Precision Timing solutions including clocks and software, enabling a complete, high-performance, resilient clock tree offering
- Quantitative highlight: $1.5 billion cash plus 4.13 million shares acquisition of Renesas timing business announced in Feb 2026; $148 million plus up to $120 million earnouts paid for Aura acquisition
- Noteworthy fact: TimeFabric software delivers up to 9X more accurate synchronization than quartz; Titan platform enables semiconductor-level resonator integration, reducing need for board-level resonators
Management Discussion & Analysis
- Revenue $326.7M, up 61% YoY from $202.7M driven by AI and datacenter demand, ASP increase, and 14% unit volume growth
- Gross profit $175.0M, up 67% YoY from $104.5M; gross margin 54% vs 52% due to product mix and overhead efficiency
- Cost of revenue $151.7M, up 54% YoY from $98.2M with higher depreciation, amortization, freight, and reserves costs
- Top two customers accounted for >10% of revenue; international sales 93% of total in 2025 vs 92% in 2024
Risk Factors
- Regulatory risk from One Big Beautiful Bill Act effective July 4, 2025; no material tax impact due to full valuation allowance and NOL carryforwards of $344.3M federal
- Geopolitical/macro risk: foreign income tax expense rise due to increased operational activities in foreign jurisdictions
- Supply chain risk: multi-year MEMS wafer purchase commitment with minimum quantities required, plus R&D tooling and licensing obligations
- Market disruption risk from sales commissions rising $2.7M in 2025 tied to increased sales; competitive threat implicit in ongoing product development investments of $3.4M
- Financial risk: $900M Bridge Facility debt commitment from Wells Fargo to fund recent asset acquisition, subject to market and financing conditions
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