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 Jun 30, 2026 it held $99.0 million in cash and investments and $14.8 million in total debt.
Revenue (TTM)
$60.05M
Net income (TTM)
$-35.03M
Operating cash flow (TTM)
$-37.09M
Free cash flow (TTM)
$-47.08M
EPS (TTM)
$-1.86
Dividend per share
None
Shares outstanding
20.65M
Net cash
$84.14M
as of Jun 30, 2026
Operating margin
-58.5%
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
- Stryker Corp SYK
- 3M Co MMM
- Boston Scientific Corp BSX
- Becton Dickinson & Co BDX
- Medline Inc. MDLN
- Resmed Inc RMD
- Dexcom Inc DXCM
- Fresenius SE & Co. KGaA FSNUY
All 151 Surgical & Medical Instruments & Apparatus companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | 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 |
|---|---|---|---|
| 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 |
| 8-K |
Current report
Material agreement, Agreement ended, New debt, Regulation FD disclosure
|
Jun 29, 2026 | Jun 26, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 26, 2026 | Jun 26, 2026 |
All 134 Shoulder Innovations, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.