Shoulder Innovations Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	37.32	31.62	19.27
Revenue Growth (YoY)	-	64.07%	-
Cost of Revenue	8.67	7.28	4
Gross Profit	28.65	24.34	15.27
Selling, General & Admin	40.98	34.51	23.11
Research & Development	5.25	4.49	3.02
Operating Expenses	46.23	38.99	26.13
Operating Income	-17.57	-14.65	-10.86
Interest Expense	-1.29	-1.32	-0.76
Other Non Operating Income (Expenses)	-13.32	-0.13	0.1
EBT Excluding Unusual Items	-32.19	-16.1	-11.53
Gain (Loss) on Sale of Investments	0.48	0.48	-
Other Unusual Items	-	-	-1.13
Pretax Income	-31.71	-15.62	-12.66
Net Income	-31.71	-15.62	-12.66
Net Income to Common	-31.71	-15.62	-12.66
Shares Outstanding (Basic)	0	0	0
Shares Outstanding (Diluted)	0	0	0
Shares Change (YoY)	-	12.51%	-
EPS (Basic)	-363.42	-242.04	-220.65
EPS (Diluted)	-363.42	-242.04	-220.65
Free Cash Flow	-23.68	-18.16	-15.89
Free Cash Flow Per Share	-271.40	-281.39	-277.09
Gross Margin	76.77%	76.97%	79.23%
Operating Margin	-47.08%	-46.34%	-56.37%
Profit Margin	-84.95%	-49.39%	-65.66%
Free Cash Flow Margin	-63.44%	-57.42%	-82.45%
EBITDA	-15.31	-12.76	-9.52
EBITDA Margin	-41.01%	-40.34%	-49.41%
D&A For EBITDA	2.27	1.9	1.34
EBIT	-17.57	-14.65	-10.86
EBIT Margin	-47.08%	-46.34%	-56.37%
Advertising Expenses	-	0.87	0.59

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q