Shoulder Innovations, Inc. (SI) — Financial statements
Income statement, balance sheet, and cash flow for Shoulder Innovations, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Revenue & Gross Profit | ||||
| Revenue | 47↑49.6% | 32↑64.1% | 19 | |
| Cost of Revenue | 11↑52.6% | 7↑81.9% | 4 | |
| Gross Profit | 36↑48.7% | 24↑59.4% | 15 | |
| Operating Expenses | ||||
| R&D Expenses | 8↑72.2% | 4↑48.6% | 3 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 55↑58.7% | 35↑49.3% | 23 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 62↑60.3% | 39↑49.2% | 26 | |
| Total Costs & Expenses | 74↑59.1% | 46↑53.5% | 30 | |
| Operating Results | ||||
| Operating Income | -26↓79.5% | -15↓34.9% | -11 | |
| Depreciation & Amortization | 0.00↓100.0% | 2↑33.8% | 2 | |
| EBITDA | -26↓117.2% | -12↓18.1% | -10 | |
| EBIT | -26↓83.9% | -14↓20.3% | -12 | |
| Interest & Other Income | ||||
| Net Interest Income | -0.07↑94.7% | -1↓72.9% | -0.76 | |
| Interest Income | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.07↓94.7% | 1↑72.9% | 0.76 | |
| Non-Operating Income | 0.00↑100.0% | -0.35↓134.0% | 1 | |
| Other Income / Expenses | -14↓1355.7% | -0.97↑46.1% | -2 | |
| Income Before Tax | -40↓158.4% | -16↓23.4% | -13 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||
| Net Income from Continuing Operations | -40↓158.4% | -16↓23.4% | -13 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | |
| Net Income | -40↓158.4% | -16↓23.4% | -13 | |
| Bottom-Line Net Income | -40↓158.4% | -16↓23.4% | -13 | |
| EPS (Basic) | -0.00↑99.4% | -0.77↓22.2% | -0.63 | |
| EPS (Diluted) | -0.00↑99.4% | -0.77↓22.2% | -0.63 | |
| Weighted Average Shares | 8,673↑42775.9% | 20↑0.0% | 20 | |
| Weighted Average Diluted Shares | 8,673↑42775.9% | 20↑0.0% | 20 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.