Shoulder Innovations, Inc. (SI)

Shoulder Innovations Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023
Cash & Equivalents	54.93	6.12	6.24
Short-Term Investments	82.35	8.92	26.58
Cash & Short-Term Investments	137.29	15.04	32.81
Cash Growth	318.39%	-54.15%	-
Receivables	7.08	5.12	4.69
Inventory	19.36	13.96	9.92
Prepaid Expenses	1.71	0.43	0.42
Other Current Assets	1.18	0.57	-
Total Current Assets	166.61	35.13	47.85
Property, Plant & Equipment	10.98	7.56	5.75
Other Intangible Assets	0.18	0.4	0.7
Total Assets	177.76	43.08	54.29
Accounts Payable	7.84	4.05	1.27
Accrued Expenses	5.62	2.72	2.6
Current Portion of Leases	0.07	0.05	0.04
Other Current Liabilities	1.48	0.83	0.36
Total Current Liabilities	15.02	7.65	4.28
Long-Term Debt	14.85	14.66	14.35
Long-Term Leases	0.06	0.03	0.07
Total Liabilities	29.93	22.33	18.71
Common Stock	0.02	0	0
Additional Paid-In Capital	237.4	2.15	1.33
Retained Earnings	-89.63	-57.04	-41.42
Comprehensive Income & Other	0.04	0.2	0.36
Total Common Equity	147.83	-54.7	-39.74
Shareholders' Equity	147.83	20.75	35.59
Total Liabilities & Equity	177.76	43.08	54.29
Total Debt	14.98	14.73	14.47
Net Cash (Debt)	122.31	0.31	18.35
Net Cash Growth	566.60%	-98.29%	-
Net Cash Per Share	34.84	4.87	319.91
Filing Date Shares Outstanding	20.6	0.08	0.06
Total Common Shares Outstanding	20.58	0.08	0.06
Working Capital	151.59	27.48	43.57
Book Value Per Share	7.18	-652.05	-692.84
Tangible Book Value	147.66	-55.1	-40.44
Tangible Book Value Per Share	7.17	-656.82	-705.04
Machinery	-	11.58	8.17
Leasehold Improvements	-	0.15	0.15

Updated Nov 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q