SITIME Corp (SITM) FY2025 10-K Annual Report
SITIME Corp (SITM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 11, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
SITIME Corp FY2025 10-K Analysis
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
- • No specific cash flow, capital allocation, or forward outlook details disclosed in the provided text
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
SITIME Corp FY2025 Key Financial MetricsXBRL
Revenue
$327M
▲ +61.2% YoY
Net Income
-$43M
▲ +54.2% YoY
Gross Margin
53.6%
▲ +202bp YoY
Operating Margin
-20.5%
▲ +3635bp YoY
Net Margin
-13.1%
▲ +3304bp YoY
ROE
-3.7%
▲ +967bp YoY
Total Assets
$1.3B
▲ +46.3% YoY
EPS (Diluted)
$-1.72
▲ +57.5% YoY
Operating Cash Flow
$87M
▲ +275.8% YoY
Source: XBRL data from SITIME Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.
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