SI-BONE

SI-BONE

Minimally invasive sacroiliac joint implant provider

Overview

SI-BONE focuses on treating sacroiliac joint dysfunction, a common source of lower back pain, by offering a minimally invasive implant system called iFuse. The iFuse Implant System is implanted surgically to stabilize the sacroiliac joint with a less invasive approach that aims for quicker recovery compared to traditional methods. The company gained FDA clearance for this implant, validating its use in patients. In 2018, SI-BONE went public on the NASDAQ, providing capital to expand research, development, and market presence. Its ongoing goal is to improve patient outcomes through education and continued development of sacroiliac joint treatments. Unlike broader orthopedic device makers, SI-BONE specializes in a targeted SI joint solution and builds its business around a single reusable implant technology and related surgical tools.

About SI-BONE

Simplify's Rating
Why SI-BONE is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Healthcare

Company Size

501-1,000

Company Stage

IPO

Headquarters

San Jose, California

Founded

2008

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Simplify's Take

What believers are saying

  • 2025 revenue reached $200.9 million, up 20.2% year over year.[12]
  • New products in Europe and Australia expanded SI-BONE's international reach.[12]
  • A proposed CMS payment category could improve reimbursement for iFuse Bedrock Granite.[12]

What critics are saying

  • SI-BONE remains concentrated in one niche sacropelvic franchise.[3][11]
  • U.S. revenue still dominates, leaving results exposed to domestic reimbursement and hospital cycles.[12]
  • Competing minimally invasive SI fusion systems can pressure share and pricing.[3]

What makes SI-BONE unique

  • Founded in 2008, SI-BONE pioneered minimally invasive SI-joint fusion with iFuse.[1][3]
  • It focuses on sacroiliac and adjacent sacropelvic disorders, not broad orthopedics.[3][11]
  • The company is public on Nasdaq under ticker SIBN.[2][7]

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Funding

Total Funding

$333.1M

Above

Industry Average

Funded Over

9 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Company Equity

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

0%
SI-BONE
May 6th, 2023
SI-BONE Announces Pricing of Public Offering of Common Stock | SI-BONE, Inc.

SANTA CLARA, Calif. , May 04, 2023 (GLOBE NEWSWIRE) -- SI-BONE, Inc. (Nasdaq: SIBN), a medical device company dedicated to solving musculoskeletal disorders of the sacropelvic anatomy, today announced the pricing of its underwritten public offering of 3,775,000 shares of its common stock at a price

Ortho Consulting Group
Jun 13th, 2022
SI BONE, Inc. launches FDA clearance for iFuse-TORQ

Announces FDA Clearance for Expanded Indication of the iFuse-TORQ® Implant System SANTA CLARA, Calif., June 13, 2022 (GLOBE NEWSWIRE) — SI-BONE, Inc. (SIBN), (Nasdaq: SIBN), a Silicon Valley-based medical device company dedicated to solving musculoskeletal disorders of the sacropelvic anatomy, today announced an FDA clearance for iFuse-TORQ ® for pelvic fracture fixation, including acute, non-acute and non-traumatic fractures.

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