SIBN

• U.S. revenue grew 14.7% to $53.2 million, while international revenue grew 25.9% to $2.8 million.
• Gross margin was 79.5% in Q2 2026, compared to 79.8% in the prior year period.
• Net loss improved 33.6% to $4.1 million, and adjusted EBITDA was positive at $2.8 million, up 178%.
• The company raised its 2026 worldwide revenue guidance to $231 million-$233 million, implying ~15%-16% growth.
• Cash and equivalents were $145.9 million as of June 30, 2026, a sequential increase of $1.3 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The amendment extends the lease for the 21,848 sq ft corporate headquarters at 471 El Camino Real, Santa Clara, CA for one month, from August 1, 2026 to August 31, 2026.
• Base rent is $43,696 per month, with an option to extend one additional month to September 30, 2026 on the same terms.
• At the June 4, 2026 Annual Meeting, shareholders elected directors Jeffrey W. Dunn and John G. Freund, M.D., ratified PricewaterhouseCoopers LLP as auditor, and approved executive compensation on an advisory basis.
• The meeting had 38,905,031 shares present or represented by proxy, about 88% of outstanding shares.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits

• Worldwide revenue for Q1 2026 was $52.6 million, an 11.2% increase from $47.3 million in Q1 2025.
• U.S. revenue was $49.3 million, up 10.0%, and international revenue was $3.3 million, up 33.9%.
• Adjusted EBITDA was $2.5 million, an improvement of over 440% from $0.5 million in the prior year period.
• The company raised its 2026 revenue guidance to $230.0–$233.0 million (14–16% growth) and gross margin guidance to ~79%.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Fiscal year 2025 worldwide revenue was $200.9 million, up 20.2% from $167.2 million in 2024.
• The company achieved positive adjusted EBITDA of $5.1 million in Q4 2025 and $8.9 million for the full year 2025.
• SI-BONE issued 2026 revenue guidance of $228.5 million to $232.5 million, implying growth of ~14% to ~16%.
• Anshul Maheshwari was appointed Chief Operating Officer in addition to his role as Chief Financial Officer.

1.01 Entry into a Material Definitive Agreement · 2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• Preliminary Q4 2025 worldwide revenue of $56.2-$56.3 million, representing ~15% growth year-over-year.
• Preliminary FY2025 worldwide revenue of $200.8-$200.9 million, representing ~20% growth year-over-year.
• Preliminary FY2025 U.S. revenue of $190.9-$191.0 million, representing ~21% growth year-over-year.
• Cash and equivalents of ~$147.7 million as of December 31, 2025, implying net cash generation of ~$2.0 million in Q4 2025.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The Board reduced its size from nine to eight directors and appointed Thomas A. West to the Audit Committee.
• SI-BONE entered a 12-month consulting agreement with Wolf for marketing, strategy, and business development support.
• The consulting agreement accelerates vesting of 8,675 restricted stock units granted to Wolf on June 5, 2025, fully vested as of November 6, 2025.
• Wolf will receive cash compensation at an hourly rate set in accepted statements of work.

2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• Nikolas Kerr, currently Senior Vice President of Product, Marketing and Business Development, will become Chief Commercial Officer effective February 16, 2026.
• Recupero's retirement is not due to any disagreement with the company; he will provide consulting services to ensure an orderly transition.
• Recupero will receive $12,500 monthly cash compensation during the 12-month consulting term, with continued equity vesting.
• The company also reported Q2 2025 revenue of $48.6 million, up 21.7% year-over-year, and raised 2025 revenue guidance to $195-$198 million.

2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• Directors Timothy E. Davis Jr., Laura A. Francis, and Jeryl L. Hilleman were each elected to serve until the 2028 annual meeting.
• Shareholders ratified the appointment of PricewaterhouseCoopers LLP as independent auditor for fiscal year 2025.
• The advisory vote on named executive officer compensation was approved.
• The report was filed under Item 5.07 to disclose the voting results.

5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits