Shoulder Innovations Inc (SI) financials
Shoulder Innovations revenue and earnings by year
Shoulder Innovations's revenue was $47.3 million in the fiscal year to December 31, 2025, up 49.6% from the year before. Net income was -$40.4 million, -85.3% of revenue.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 3 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|
| Revenue | 47 | 32 | 19 |
| Revenue growth | 49.6% | 64.1% | — |
| Gross profit | 36 | 24 | 15 |
| Gross margin | 76.5% | 77.0% | 79.2% |
| Operating income | -26 | -15 | -11 |
| Operating margin | -55.6% | -46.3% | -56.4% |
| Net income | -40 | -16 | -13 |
| Net margin | -85.3% | -49.4% | -65.7% |
| Free cash flow | -36 | -18 | -16 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open SI in Markets.
See also: SI returns
No forecast, no recommendation. This page describes Shoulder Innovations Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.