Company research
SHOULDER INNOVATIONS, INC.
CIK 1699350Updated Sep 24, 2026
SecuritySI · NYSE · equity
SI price & chart
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NYSE:SI on TradingView ↗In the news
Shoulder Innovations to Report Second Quarter 2026 Financial Results on August 6, 2026 ↗
Recent filings
Show 5 more recent filings
Regulation FD Disclosure
Items 7.01, 9.01
S-3 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
4 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| ASSETS | ||
| AssetsUSD | 169,907,000Source | 43,080,000Source |
| Property, Plant and Equipment, NetUSD | 12,532,000Source | 7,487,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 100,000Source | 400,000Source |
| Current assets: | ||
| Cash and Cash Equivalents, at Carrying ValueUSD | 26,871,000Source | 6,123,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 8,268,000Source | 5,122,000Source |
| Inventory, NetUSD | 21,591,000Source | 13,955,000Source |
| Assets, CurrentUSD | 157,165,000Source | 35,125,000Source |
| Operating Lease, Right-of-Use AssetUSD | 110,000Source | 68,000Source |
| LIABILITIES AND EQUITY | ||
| LiabilitiesUSD | 29,157,000Source | 23,300,000Source |
| Stockholders’ equity: | ||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 21,000Source | 1,000Source |
| Additional Paid in CapitalUSD | 238,012,000Source | 2,148,000Source |
| Retained Earnings (Accumulated Deficit)USD | -97,400,000Source | -57,041,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 117,000Source | 197,000Source |
| Stockholders' Equity Attributable to ParentUSD | 140,750,000Source | -54,695,000Source |
| Liabilities and EquityUSD | 169,907,000Source | 43,080,000Source |
| Current liabilities: | ||
| Liabilities, CurrentUSD | 14,195,000Source | 7,647,000Source |
| Operating Lease, Liability, CurrentUSD | 62,000Source | 47,000Source |
| Accounts Payable, CurrentUSD | 8,874,000Source | 4,860,000Source |
| Other Liabilities, NoncurrentUSD | 51,000Source | 25,000Source |
| Additional Financial Items | ||
| Accrued Liabilities, CurrentUSD | 5,259,000Source | 2,740,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 14,911,000Source | 14,658,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Cash flows from operating activities: | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 996,000Source | 754,000Source |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | 3,299,000Source | 575,000Source |
| Increase (Decrease) in InventoriesUSD | 7,636,000Source | 4,032,000Source |
| Increase (Decrease) in Accounts PayableUSD | 3,369,000Source | 3,124,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -28,612,000Source | -14,143,000Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -95,597,000Source | 13,964,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 7,408,000Source | 4,015,000Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 144,957,000Source | 66,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 26,871,000Source | 6,123,000Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,688,000Source | 1,785,000Source |
| Additional Financial Items | ||
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | 404,000Source | 482,000Source |
| DepreciationUSD | 2,908,000Source | 1,896,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -100,000Source | -44,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source |
| InterestExpenseNonoperatingUSD | 70,000Source | 1,316,000Source |
| Investment Income, InterestUSD | 1,948,000Source | 770,000Source |
| Net Income (Loss) Attributable to ParentUSD | -40,359,000Source | -15,619,000Source |
| Nonoperating Income (Expense)USD | -14,062,000Source | -966,000Source |
| Other Nonoperating Income (Expense)USD | -56,000Source | 350,000Source |
| Proceeds from Stock Options ExercisedUSD | 919,000Source | 66,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Total RevenueUSD | 47,317,000Source | 31,623,000Source |
| Cost of RevenueUSD | 11,115,000Source | 7,282,000Source |
| Selling, General and Administrative ExpenseUSD | 54,768,000Source | 34,505,000Source |
| Operating Income (Loss)USD | -26,297,000Source | -14,653,000Source |
| Other Nonoperating Income (Expense)USD | -56,000Source | 350,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -40,359,000Source | -15,619,000Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -40,359,000Source | -15,619,000Source |
| Earnings Per Share, BasicUSD per share | -4.65Source | -242.04Source |
| Earnings Per Share, DilutedUSD per share | -4.65Source | -242.04Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 8,673,148Source | 64,530Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 8,673,148Source | 64,530Source |
| Interest Expense (non-operating)USD | 70,000Source | 1,316,000Source |
| Additional Financial Items | ||
| Gross ProfitUSD | 36,202,000Source | 24,341,000Source |
| Investment Income, InterestUSD | 1,948,000Source | 770,000Source |
| Nonoperating Income (Expense)USD | -14,062,000Source | -966,000Source |
| Research and Development ExpenseUSD | 7,731,000Source | 4,489,000Source |