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Shoulder Innovations, Inc. (SI) Financial Statements

Shoulder Innovations, Inc.
SIC 3841 · SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
FIGI BBG00FM5V7N5
XNYS · usd
19.64▼ 0.35 (-1.75%)
As of 2026-09-09
Valuation
Market Cap
Enterprise Value
Trailing P/E—
Price / Sales
EV / Revenue
EV / EBITDA
Financial Highlights
Revenue (TTM)
Net Income (TTM)
EBITDA
Diluted EPS (TTM)
EBITDA Margin
Net Debt
Trading Information
Previous Close19.99
Day's Range19.52 – 20.29
52-Week Range10.92 – 24.60
Volume102.5K
Avg Volume112.6K
Share Statistics
Shares Outstanding
Employees75
ExchangeXNYS
Listed2025-07-31
Share count as of July 30, 2026
Loading Income Statement…
Key questions about Shoulder Innovations, Inc. (SI)
What is Shoulder Innovations, Inc.'s Market Cap?
Shoulder Innovations, Inc.'s Market Cap is $408.9M, based on as-reported figures from SEC (XBRL) filings.
What is Shoulder Innovations, Inc.'s Enterprise Value?
Shoulder Innovations, Inc.'s Enterprise Value is $399.2M, based on as-reported figures from SEC (XBRL) filings.
What is Shoulder Innovations, Inc.'s Price / Sales?
Shoulder Innovations, Inc.'s Price / Sales is 6.8×, based on as-reported figures from SEC (XBRL) filings.
What is Shoulder Innovations, Inc.'s EV / Revenue?
Shoulder Innovations, Inc.'s EV / Revenue is 6.6×, based on as-reported figures from SEC (XBRL) filings.
What is Shoulder Innovations, Inc.'s EV / EBITDA?
Shoulder Innovations, Inc.'s EV / EBITDA is n/m, based on as-reported figures from SEC (XBRL) filings.
What is Shoulder Innovations, Inc.'s Revenue (TTM)?
Shoulder Innovations, Inc.'s Revenue (TTM) is $60.1M, based on as-reported figures from SEC (XBRL) filings.
What is Shoulder Innovations, Inc.'s Net Income (TTM)?
Shoulder Innovations, Inc.'s Net Income (TTM) is -$35.0M, based on as-reported figures from SEC (XBRL) filings.
What is Shoulder Innovations, Inc.'s EBITDA?
Shoulder Innovations, Inc.'s EBITDA is -$31.3M, based on as-reported figures from SEC (XBRL) filings.
What is Shoulder Innovations, Inc.'s Diluted EPS (TTM)?
Shoulder Innovations, Inc.'s Diluted EPS (TTM) is -1.68, based on as-reported figures from SEC (XBRL) filings.
What is Shoulder Innovations, Inc.'s EBITDA Margin?
Shoulder Innovations, Inc.'s EBITDA Margin is -52.1%, based on as-reported figures from SEC (XBRL) filings.
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Income Statement(in thousands of USD, except per-share data)
Source: Akyla.ai
Line ItemJun 30, 2026Mar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024
Net revenue
YoY growth+56.0%+64.9%+65.2%+57.7%
Cost of goods sold
Gross profit
% of revenue78.3%77.7%76.7%76.2%
Selling, general and administrative expenses (includes $862, $887, $2,101 and $1,736 to related parties, respectively)
Research and development expenses (includes $2,645, $1,060, $5,710 and $2,295 to related parties, respectively)
Operating loss
% of revenue-58.4%-53.7%-59.0%-65.0%
Other (income) expense
Interest (income) expense, net
Change in fair value of Series E purchase option—
Loss on extinguishment of debt———
Other expense, net
Total other (income) expense
Loss before income tax expense
Income tax expense
Net loss
% of revenue-59.1%-50.1%-53.9%-74.3%
Net loss per share - basic (in dollars per share)—
Net loss per share - diluted (in dollars per share)—