SiTime(SITM) - 2025 Q4 - Annual Results

Revenue Growth - Net revenue for Q4 2025 was $113.3 million, a 36% increase from $83.6 million in the prior quarter and a 66% increase year-over-year[2]. - For fiscal year 2025, net revenue reached $326.7 million, reflecting a 61% increase from $202.7 million in fiscal year 2024[2]. - The Communications, Enterprise, and Datacenter (CED) business experienced over 100% year-over-year growth for the seventh consecutive quarter[3]. - GAAP revenue for the three months ended December 31, 2025, was $113,284,000, representing a 35.6% increase from $83,567,000 in the previous quarter[19]. Profitability - Gross margin for Q4 2025 was 61.2%, exceeding the company's forecast[3]. - Non-GAAP net income for Q4 2025 was $41.3 million, or $1.53 per diluted share[4]. - For the twelve months ended December 31, 2025, non-GAAP gross profit was $193.5 million, or 59.3% of revenue[6]. - The company reported a GAAP net loss of $42.9 million for fiscal year 2025, or $1.72 per diluted share[5]. - Non-GAAP gross profit for the same period was $69,366,000, up 41.2% from $49,121,000 in the prior quarter, with a non-GAAP gross margin of 61.2%[19]. - GAAP net income for the three months ended December 31, 2025, was $9,166,000, compared to a net loss of $8,014,000 in the previous quarter[19]. - Non-GAAP net income for the same period was $41,301,000, a significant increase from $23,442,000 in the prior quarter[19]. - Non-GAAP income from operations as a percentage of revenue reached 29.9%, compared to 18.5% in the previous quarter[19]. - GAAP gross margin improved to 56.4% for the three months ended December 31, 2025, compared to 53.5% in the previous quarter[19]. - Non-GAAP net income per share diluted was $1.53 for the three months ended December 31, 2025, compared to $0.87 in the previous quarter[19]. Cash and Assets - Total cash, cash equivalents, and short-term investments amounted to $808.4 million as of December 31, 2025[6]. - Total current assets increased to $949,279,000 as of December 31, 2025, from $544,060,000 a year earlier[23]. - Cash and cash equivalents rose to $16,759,000, up from $6,106,000 year-over-year[23]. - Total liabilities decreased to $138,517,000 from $185,240,000 year-over-year[23]. Future Outlook - SiTime plans to continue broad-based growth in 2026, driven by the CED segment[3]. Stock Compensation - The company granted 19,373 restricted stock units (RSUs) to newly hired non-executive individuals as part of its inducement plan[9].