SI-BONE, Inc. (SIBN) intrinsic value & 10-year financials

SI-BONE, Inc. (SIBN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 19.6% a year to $200.9M, with an average return on invested capital of 5.2%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$19.68
Market cap
$845.4M
Revenue (FY2025)
$200.9M
Revenue growth (10-yr CAGR)
19.6%
ROIC (10-yr avg)
5.2%
Free cash flow (FY2025)
-$9.1M

SIBN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $200.9M -$18.9M -$0.44 -$9.1M -11.1% -13.2%
FY2024 $167.2M -$30.9M -$0.75 -$22.9M -21.1% -20.6%
FY2023 $138.9M -$43.3M -$1.13 -$26.5M -33.8% -32.4%
FY2022 $106.4M -$61.3M -$1.79 -$51.2M -56.0% -52.8%
FY2021 $90.2M -$56.6M -$1.71 -$45.9M -57.3% -38.9%
FY2020 $73.4M -$43.7M -$1.50 -$33.2M -52.6% -35.4%
FY2019 $67.3M -$38.4M — -$34.1M -53.5% -39.2%
FY2018 $55.4M -$17.5M — -$15.5M -21.6% 264.5%
FY2017 $48.0M -$23.0M — -$18.0M -36.2% 15.3%
FY2016 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

SI-BONE, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

SI-BONE, Inc. has historically struggled to out-earn its cost of capital, averaging just -23.8% ROIC.

SI-BONE, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, SI-BONE, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-14.61 per share.

SIBN stock: frequently asked questions

What is the intrinsic value of SI-BONE, Inc. (SIBN) stock?

Graham's formula only works with positive earnings. SI-BONE, Inc. reported diluted EPS of -$0.44 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does SI-BONE, Inc. generate free cash flow?

SI-BONE, Inc. generated -$9.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 9 reported years.

What is SIBN's return on invested capital?

Average ROIC over the last 10 fiscal years was 5.2%, and average return on equity was -14.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SIBN data come from?

From SI-BONE, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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