Shoulder Innovations, Inc. (SI)

NYSE: SI · Real-Time Price · USD

18.66

+0.71 (3.96%)

Sep 29, 2026, 2:32 PM EDT - Market open

Shoulder Innovations Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	60.06	47.32	31.62	19.27
Revenue Growth	60.90%	49.63%	64.07%	-
Gross Profit	46.45	36.2	24.34	15.27
Operating Income	-35.15	-26.3	-14.65	-10.86
Net Income	-35.03	-40.36	-15.62	-12.66
Earnings Per Share	-1.85	-4.65	-242.04	-220.65
EPS Growth	-	-	-	-

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Investments	98.99	124.31	15.04	32.81
Total Debt	14.88	15.02	14.73	14.47
Net Cash (Debt)	84.11	109.28	0.31	18.35
Net Cash Growth	240.73%	34702.87%	-98.29%	-
Net Cash Per Share	4.43	12.60	4.87	319.91

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Cash Flow	-37.09	-28.61	-14.14	-13.14
Capital Expenditures	-9.99	-7.41	-4.01	-2.75
Free Cash Flow	-47.08	-36.02	-18.16	-15.89
Free Cash Flow Growth	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Gross Margin	77.34%	76.51%	76.97%	79.23%
Operating Margin	-58.54%	-55.58%	-46.34%	-56.37%
Pretax Margin	-58.33%	-85.29%	-49.39%	-65.66%
Profit Margin	-58.34%	-85.30%	-49.39%	-65.66%
FCF Margin	-78.39%	-76.13%	-57.42%	-82.45%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Sep '26 Sep 29, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
PS Ratio	6.22	6.23	-	-