Shoulder Innovations, Inc. (SI)
Shoulder Innovations, Inc. brought in $60.1M of revenue over the twelve months to June 30, 2026. It posted a net loss of $35M. In fiscal 2025 capital spending exceeded operating cash flow by $36M. At June 30, 2026 it held $24.5M in cash against $14.8M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.
What Shoulder Innovations, Inc. does
Shoulder Innovations, Inc. is registered with the SEC under industry code SIC 3841 (Surgical & Medical Instruments & Apparatus). Its shares trade on NYSE under the ticker SI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $47.3M | -$40.4M | -$4.65 | -$36M |
| 2025 | $31.6M | -$15.6M | -$242.04 | -$18.2M |
Latest SEC filings
What Shoulder Innovations, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 10, 2026
- August 7, 2026Activist stake changed SCHEDULE 13D/A
- August 7, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026
- August 6, 2026
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- June 29, 2026
- June 26, 2026
- May 13, 2026Quarterly report 10-Q · period to March 31, 2026
- May 13, 2026
Questions about SI
What does Shoulder Innovations, Inc. do?
Shoulder Innovations, Inc. is registered with the SEC under industry code SIC 3841 (Surgical & Medical Instruments & Apparatus). Its shares trade on NYSE under the ticker SI.
Is Shoulder Innovations, Inc. profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $35M on revenue of $60.1M.
How much revenue does Shoulder Innovations, Inc. make?
Over the twelve months to June 30, 2026 Shoulder Innovations, Inc. reported revenue of $60.1M.
When did Shoulder Innovations, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 14, 2026.
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Follow SI: get an email when it filesWhere the numbers come from
Financial figures are the values Shoulder Innovations, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.