---
schema_version: "secwatch.filing_event.v1"
accession: "0001459839-23-000003"
form_type: "8-K"
ticker: "SIBN"
cik: "0001459839"
company_name: "SI-BONE, Inc."
filed_at: "2023-01-09T23:59:59+00:00"
generated_at: "2026-06-20T17:41:26.432158+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SI-BONE reports preliminary Q4 revenue ~$31.8M (+26% YoY) and refinances debt with $51M SVB facility

## Summary
- Q4 2022 preliminary revenue $31.7-31.9M, up ~26% YoY; FY 2022 revenue $106.1-106.3M, up ~18%.
- U.S. Q4 revenue $29.8-29.9M (+28%); active surgeons reached record 920 (+33% YoY).
- Cash & marketable securities ~$96M as of Dec 31, 2022.
- Refinanced existing $35M SVB term loan with new $51M facility: $36M term loan (due 2027) plus $15M revolver (due 2025), plus $15M accordion.
- Term loan interest at prime+0.5% (floor 6.75%); amortization begins July 2025; revolver based on 80% eligible receivables.

## SEC filing metadata
- accession: 0001459839-23-000003
- form_type: 8-K
- ticker: SIBN
- cik: 0001459839
- company_name: SI-BONE, Inc.
- filed_at: 2023-01-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1459839/000145983923000003/0001459839-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1459839/000145983923000003/sibn-20230106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001459839-23-000003
- JSON: https://secwatch.observer/filing/0001459839-23-000003.json
- Plain text: https://secwatch.observer/filing/0001459839-23-000003.txt

## Key facts
- Debt Financings
  SI-BONE, Inc. incurred credit facility of $36.0 million term loan and up to $15.0 million revolving credit facility, plus uncommitted accordion term loan of up to with Silicon Valley Bank at Floating annual rate on Term Loan: greater of prime rate plus 0.5% or 6.75%; on maturing Term Loan matures December 1, 2027; Revolver matures July 6, 2025.
  - Instrument: credit facility
  - Principal: $36.0 million term loan and up to $15.0 million revolving credit facility, plus uncommitted accordion term loan of up to
  - Counterparty: Silicon Valley Bank
  - Rate: Floating annual rate on Term Loan: greater of prime rate plus 0.5% or 6.75%; on
  - Maturity: Term Loan matures December 1, 2027; Revolver matures July 6, 2025
  - Event: incurrence
  source text: On January 6, 2023, SI-BONE, Inc. (the “ Company ”) entered into a First Amendment to Loan and Security Agreement (the “ Amendment ”) with Silicon Valley Bank., a California corporation (“ SVB ”), which amends the Company's Loan and Security Agreement dated as of August 12, 2021, by and between the Company and SVB pursuant to which the Company had a term loan facility in an aggregate principal amount of $35.0 million (the “ Original Loan Agreement” and with the Amendment, collectively the “Amended Loan Agreement”) . Upon entry into the Amended Loan Agreement, the Company borrowed $36.0 million pursuant to a term loan (the " Term Loan "), which was substantially used to repay in full the $35.0 million term loan facility outstanding under the Original Loan Agreement and secured a revolving credit facility in an aggregate principal amount of up to $15.0 million (the " Revolver ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1459839/000145983923000003/0001459839-23-000003-index.htm
- Earnings Releases
  SI-BONE, Inc. reported full year 2022 results: revenue $106.1 - $106.3 million.
  - Period: full year 2022
  - Revenue: $106.1 - $106.3 million
  - Result: preliminary results
  source text: Fiscal Year 2022 revenue of $106.1 - $106.3 million representing growth of approximately 18%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1459839/000145983923000003/0001459839-23-000003-index.htm
- Earnings Releases
  SI-BONE, Inc. reported fourth quarter 2022 results: revenue $31.7 - $31.9 million.
  - Period: fourth quarter 2022
  - Revenue: $31.7 - $31.9 million
  - Result: preliminary results
  source text: SI-BONE Announces Preliminary Revenue for the Fourth Quarter and Full Year 2022 Fourth Quarter revenue of $31.7 - $31.9 million representing growth of approximately 26%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1459839/000145983923000003/0001459839-23-000003-index.htm
- Material Agreements
  SI-BONE, Inc. amended First Amendment to Loan and Security Agreement with Silicon Valley Bank (SVB) valued at $36.0 million (effective 2023-01-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank (SVB)
  - Value: $36.0 million
  - Effective: 2023-01-06
  source text: On January 6, 2023, SI-BONE, Inc. (the “ Company ”) entered into a First Amendment to Loan and Security Agreement (the “ Amendment ”) with Silicon Valley Bank., a California corporation (“ SVB ”), which amends the Company's Loan and Security Agreement dated as of August 12, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1459839/000145983923000003/0001459839-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.