SiTime(SITM) - 2025 Q3 - Quarterly Results

Financial Performance - Q3 2025 net revenue increased by 45% to $83.6 million, compared to $57.7 million in Q3 2024[2] - GAAP gross profit for Q3 2025 was $44.7 million, representing a gross margin of 53.5%[3] - Non-GAAP gross profit for Q3 2025 was $49.1 million, with a non-GAAP gross margin of 58.8%[4] - The company reported a GAAP net loss of $8.0 million, or $0.31 per diluted share, in Q3 2025[3] - Non-GAAP net income for Q3 2025 was $23.4 million, or $0.87 per diluted share[4] - Revenue for the nine months ended September 30, 2025, was $213,375,000, a 58.5% increase from $134,586,000 in the same period of 2024[18] - GAAP gross profit increased to $111,105,000, with a gross margin of 52.1%, compared to $68,650,000 and 51.0% in the prior year[18] - Non-GAAP net income reached $41,336,000, significantly up from $10,399,000, reflecting strong operational performance[18] - Non-GAAP income from operations was $24,664,000, representing 11.6% of revenue, compared to a loss of $7,034,000 in the previous year[18] - GAAP net loss per share diluted improved to $(2.12) from $(3.25) year-over-year[18] - Non-GAAP net income per share diluted was $1.63, up from $0.44, highlighting enhanced profitability[18] Cash and Assets - Total cash, cash equivalents, and short-term investments amounted to $809.6 million as of September 30, 2025[4] - Total current assets increased to $932,000,000 from $544,060,000, driven by higher cash and short-term investments[20] - Cash and cash equivalents rose to $27,110,000, up from $6,106,000, indicating improved liquidity[20] Expenses - Research and development expenses for Q3 2025 were $30.0 million, while selling, general, and administrative expenses were $30.6 million[12] Market Position and Growth - The company expects to exceed 50% year-over-year growth for 2025, driven by strong demand in the Communications-Enterprise-Datacenter business[3] - SiTime has shipped over 3.5 billion devices, indicating significant market penetration and product adoption[9] Equity and Liabilities - Total liabilities decreased to $173,597,000 from $185,240,000, reflecting effective cost management[20] - Stockholders' equity increased to $1,103,403,000 from $699,719,000, demonstrating strong financial health[20] Stock Options - The company granted 27,923 restricted stock units (RSUs) to 19 newly hired individuals as part of its inducement plan[7]