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SHOULDER INNOVATIONS, INC.

$17.89 +16.78% NYSE: SI · 15-min delayed
  • GRAND RAPIDS, Michigan
  • Public · NYSE: SI
  • 75 employees
$296.1MMarket cap
$47.3MRevenue · FY2025
-$40.4MNet income
75Employees
SINYSE
2025IPO

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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Reported figures

Financial summary

Revenue FY2025
$47.3M
Net income
-$40.4M
Total assets
$169.9M
Market cap
$296.1M
Gross margin
76.5%
Operating margin
-55.6%
Net margin
-85.3%

Source: SEC EDGAR · updated Jun 7, 2026

Multi-year

Revenue & profit trend

Revenue Net income
FY 2025

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)

NYSE: SI
$17.89 +16.78%

15-minute delayed · data by Polygon.io

Past year

$11.01 $17.89

52-week range

Market cap
$296.1M
EPS (diluted)
$-4.65
Shares outstanding
16.6M
Open
Day range
Prev close
Volume
IPO date
Jul 31, 2025

Market data by Polygon.io · prices are 15-minute delayed

Auto-generated

At a glance

  • 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 near 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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