SHOULDER INNOVATIONS, INC. (SI)
About SHOULDER INNOVATIONS, INC.
Shoulder Innovations Inc is a commercial-stage medical technology company exclusively focused on transforming the shoulder surgical care market. It currently offers advanced implant systems for shoulder arthroplasty. Its products include: InSet Total Shoulder Arthroplasty; InSet Reverse Shoulder Arthroplasty; ProVoyance Shoulder Planning Software; and InSet Tray System. Geographically, the company operates in United States and are planning to expand.
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Financial summary
- Revenue FY2025
- $47.3M
- Net income
- -$40.4M
- Total assets
- $169.9M
- Market cap
- $423.3M
- Gross margin
- 76.5%
- Operating margin
- -55.6%
- Net margin
- -85.3%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $47.3M
- Cost of revenue
- $11.1M
- Gross profit
- $36.2M
- Operating expenses
- $62.5M
- Operating income
- -$26.3M
- Income tax
- $0
- Net income
- -$40.4M
- EPS (basic)
- $-4.65
- EPS (diluted)
- $-4.65
Balance sheet
- Total assets
- $169.9M
- Current assets
- $157.2M
- Total liabilities
- $29.2M
- Current liabilities
- $14.2M
- Shareholders’ equity
- $140.8M
Cash flow
- Operating cash flow
- -$28.6M
- Investing cash flow
- -$95.6M
- Financing cash flow
- $145.0M
- Net cash flow
- $20.7M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year · hover for prices
52-week range
- Market cap
- $423.3M
- EPS (diluted)
- $-4.65
- Shares outstanding
- 14.5M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Jul 31, 2025
Shoulder Innovations, Inc. (SI) Stock Price
- Reported a net loss of $40.4M in FY2025.
- Revenue declined 42% from FY2019 to FY2025.
- Gross margin of 76.5%, net margin -85.3%.
- Trading 10% below its 52-week high.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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News about SHOULDER INNOVATIONS, INC.
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Shoulder Innovations, Inc.: frequently asked questions
Is Shoulder Innovations, Inc. an American company?
Shoulder Innovations, Inc. is a US-based company headquartered in Grand Rapids, Michigan, listed in the americancompanies.com directory of American companies. Its American-origin credentials have not yet been independently verified.
Where is Shoulder Innovations, Inc. headquartered?
Shoulder Innovations, Inc. is headquartered in Grand Rapids, Michigan, United States.
Is Shoulder Innovations, Inc. publicly traded?
Yes — Shoulder Innovations, Inc. is a publicly traded company. Its stock trades under the ticker symbol SI on the NYSE.
What does Shoulder Innovations, Inc. do?
Shoulder Innovations, Inc. is an American Medical Devices company in the Health & Beauty sector.
