Shoulder Innovations, Inc. SI

Annual Quarterly

FY2025 · ended Dec 31, 2025 · Revenue $47.32M · Filed Mar 10, 2026

Shoulder Innovations, Inc. (SI) files with the SEC under industry code 3841, Surgical & Medical Instruments & Apparatus. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $47.3 million and a net loss of $40.4 million. Free cash flow was -$36.0 million. As of Sep 30, 2026 it held $92.3 million in cash and investments and $14.9 million in total debt.

Revenue (TTM)
$64.49M
Net income (TTM)
$-33.35M
Operating cash flow (TTM)
$-34.92M
Free cash flow (TTM)
$-42.69M
EPS (TTM)
$-1.61
Dividend per share
None
Shares outstanding
20.65M
Net cash
$77.45M
as of Sep 30, 2026
Operating margin
-54.4%
FY 2026

Company profile

Industry
Surgical & Medical Instruments & Apparatus (SIC 3841)
Listed as
SI (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Grand Rapids, MI
SEC filer status
, Emerging growth company
SEC CIK
1699350

Other Surgical & Medical Instruments & Apparatus companies

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Key figures

Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.

FY 2025
Dec 31, 2025
Revenue
$47.3M
Operating income
-$26.3M
Net income
-$40.4M
Diluted EPS
-$4.65
Operating cash flow
-$28.6M
Free cash flow
-$36.0M
Total assets
$169.9M
Total liabilities
$29.2M
Stockholders' equity
$140.8M
Cash and investments
$124.3M
Total debt
$15.0M

Recent SEC filings

Form Description Filed Period
10-Q Quarterly report Nov 5, 2026 Sep 30, 2026
8-K Current report
Results of operations
 Nov 5, 2026 Nov 5, 2026
8-K Current report
Regulation FD disclosure
 Oct 8, 2026 Oct 8, 2026
8-K Current report
Regulation FD disclosure
 Aug 10, 2026 Aug 10, 2026
10-Q Quarterly report Aug 6, 2026 Jun 30, 2026
8-K Current report
Results of operations
 Aug 6, 2026 Aug 6, 2026

All 136 Shoulder Innovations, Inc. SEC filings

Source: SEC EDGAR filings. This is company-reported data, not investment advice.