SHOULDER INNOVATIONS, INC.

Insider Sentiment (TTM):

Last Purchase:2026-03-13Last Sale:2026-06-15Shares Purchased (TTM):17,705Shares Sold (TTM):4,144

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:7,497,195Shares Outstanding:20,653,035Institutional Ownership Pct.:36.30%

Earnings Market Reaction:

Filing Date:2026-08-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	24	11	27	55	27
Available For Sale Securities Debt Securities Curr…	75	97	97	82	13
Accounts Receivable Net Current	11	11	8	7	7
Inventory Net	23	22	22	19	17
Prepaid Expense Current	2	2	2	2	1
Other Assets Current	2	3	1	1	5
Assets Current	137	146	157	167	69
Property Plant And Equipment Net	14	14	13	11	9
Operating Lease Right Of Use Asset	0	0	0	0	0
Intangible Assets Net Excluding Goodwill	0	0	0	0	0
Assets	152	160	170	178	78
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	6	6	9	9	6
Operating Lease Liability Current	0	0	0	0	0
Accrued Liabilities Current	7	6	5	6	6
Liabilities Current	13	12	14	15	12
Liabilities Noncurrent
Warrants And Rights Outstanding	-	-	0	0	2
Long Term Debt Noncurrent	15	15	15	15	15
Other Liabilities Noncurrent	0	0	0	0	0
Liabilities Noncurrent	15	15	15	15	17
Liabilities	28	27	29	30	29
Stockholders Equity
Common Stock Value	0	0	0	0	0
Preferred Stock Value	0	0	0	0	-
Additional Paid In Capital	240	239	238	237	3
Retained Earnings Accumulated Deficit	-116	-106	-97	-90	-81
Accumulated Other Comprehensive Income Loss Net Of…	-0	-0	0	0	0
Temporary Equity Carrying Amount Attributable To P…	-	0	0	0	127
Stockholders Equity	124	133	141	148	-78
Liabilities And Stockholders Equity	152	160	170	178	78
Related Party	-	1	1	0	1
Seed Convertible Preferred Stock	-	-	0	0	0
Series A Preferred Stock	-	-	0	0	0
Series B Preferred Stock	-	-	0	0	0
Series C Preferred Stock	-	-	0	0	0
Series D Preferred Stock	-	-	0	0	0
Series E Preferred Stock	-	-	-	-	0
Temporary Equity Shares Outstanding	-	-	0	0	236
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	730	730	730	730	730
Common Stock Shares Issued	21	21	21	21	3
Shares Outstanding	21	21	21	21	3
Preferred Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001
Preferred Stock Shares Authorized	20	20	20	20	20
Temporary Equity Shares Authorized	-	-	-	-	238
Temporary Equity Shares Issued	-	-	-	-	236
Preferred Stock Shares Issued	0	0	0	0	-
Preferred Stock Shares Outstanding	0	0	0	0	-

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	5.54%	57.21%	68.07%	-	-	-	-	-	-	-	-	-
2025	-	-	-	-18.62%	-21.76%	3.07%	1.33%	-4.20%	-5.60%	11.88%	3.52%	12.64%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Liquidity Ratios
Current Ratio	10.71	11.81	11.07	11.09	5.52
Quick Ratio	8.74	9.91	9.44	9.69	4.09
Working Capital	124.58M	133.44M	142.97M	151.59M	56.42M
Leverage & Debt
Debt to Equity	0.22	0.21	0.21	0.20	-0.38
Interest Coverage TTM	-27.96	-36.97	-	-	-
Debt Ratio	0.18	0.17	0.17	0.17	0.38
Efficiency & Turnover
Asset Turnover TTM	0.61	0.40	-	-	-
Days Sales Outstanding TTM	46.18	60.12	-	-	-
Receivables Turnover TTM	7.90	6.07	-	-	-
Per Share Metrics
Diluted EPS TTM	-1.91	-2.36	-	-	-
Free Cash Flow Per Share TTM	-2.25	-2.47	-	-	-
Dividend Per Share TTM	0.00	0.00	-	-	-
Margin Metrics
Gross Profit Margin TTM	77.27%	76.83%	-	-	-
Operating Profit Margin TTM	-56.20%	-55.09%	-	-	-
Net Profit Margin TTM	-56.56%	-76.12%	-	-	-
Valuation Metrics
P/E TTM	-10.59	-6.16	-	-	-
P/B TTM	3.38	2.26	0.88	1.15	-
P/S TTM	5.99	4.69	-	-	-
Market Cap	420.52M	300.09M	124.03M	170.74M	-
Enterprise Value	410.87M	303.56M	112.07M	130.65M	-
Calculated Values
Free Cash Flow TTM	-46.73M	-51.11M	-	-	-
Net Debt	-9.65M	3.47M	-11.96M	-40.09M	-12.27M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-15Sale

Owner: Ahearn, Matthew Fraser

Title: Chief Operating Officer

Shares: 4,144

Price/Share: $18.73

Value: $77,617.12

Shares Owned: 269,176

Relationship: Director,Officer

Ownership: Direct

2026-03-13Purchase

Owner: Points, Jeffrey S.

Title: Chief Financial Officer

Shares: 2,000

Price/Share: $15.00

Value: $30,000.00

Shares Owned: 70,785

Relationship: Officer

Ownership: Direct

2026-03-13Purchase

Owner: Ball, Robert Joseph

Title: CEO & Executive Chairman

Shares: 2,200

Price/Share: $15.18

Value: $33,396.00

Shares Owned: 278,866

Relationship: Director,Officer

Ownership: Direct

2026-03-13Purchase

Owner: Buchholz, Richard

Title: -

Shares: 1,000

Price/Share: $14.84

Value: $14,840.00

Shares Owned: 13,666

Relationship: Director

Ownership: Direct

2025-12-12Purchase

Owner: Ball, Robert Joseph

Title: CEO & Executive Chairman

Shares: 3,900

Price/Share: $14.89

Value: $58,071.00

Shares Owned: 118,457

Relationship: Director,Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-15	Ahearn, Matthew Fraser	Director,Officer	Chief Operating Officer	Direct	Sale	4,144	18.73	$77,617.12	269,176	4
2026-03-13	Points, Jeffrey S.	Officer	Chief Financial Officer	Direct	Purchase	2,000	15.00	$30,000.00	70,785	4
2026-03-13	Ball, Robert Joseph	Director,Officer	CEO & Executive Chairman	Direct	Purchase	2,200	15.18	$33,396.00	278,866	4
2026-03-13	Buchholz, Richard	Director	-	Direct	Purchase	1,000	14.84	$14,840.00	13,666	4
2025-12-12	Ball, Robert Joseph	Director,Officer	CEO & Executive Chairman	Direct	Purchase	3,900	14.89	$58,071.00	118,457	4
2025-12-12	Points, Jeffrey S.	Officer	Chief Financial Officer	Direct	Purchase	1,005	14.98	$15,054.90	54,445	4
2025-09-12	Points, Jeffrey S.	Officer	CHIEF FINANCIAL OFFICER	Direct	Purchase	1,600	15.67	$25,072.00	52,445	4
2025-09-12	Ball, Robert Joseph	Director,Officer	CEO & EXECUTIVE CHAIRMAN	Direct	Purchase	6,000	15.49	$92,940.00	111,259	4
2025-08-01	Tansey, Casey M	Director,TenPercentOwner	-	Direct	Purchase	40,000	15.00	$600,000.00	47,666	4
2025-08-01	Pardo, Geoffrey B	Director,TenPercentOwner	-	Indirect	Purchase	100,000	15.00	$1,500,000.00	2,380,482	4
2025-08-01	Gilde, Healthcare Holding…	TenPercentOwner	-	Indirect	Purchase	100,000	15.00	$1,500,000.00	2,380,482	4
2025-08-01	Carusi, Michael A	Director	-	Indirect	Purchase	266,666	15.00	$3,999,990.00	1,885,136	4
2025-08-01	Buchholz, Richard	Director	-	Direct	Purchase	5,000	15.00	$75,000.00	12,666	4
2025-08-01	Lightstone, Ventures Ii (…	Other	-	Indirect	Purchase	266,666	15.00	$3,999,990.00	1,885,136	4
2025-08-01	Points, Jeffrey S.	Officer	CHIEF FINANCIAL OFFICER	Indirect	Purchase	50	15.00	$750.00	50	4
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Institutional Ownership

No data available for chart

2026-03-31

36.30%

Inst. Shares: 7,497,195

Shares Outstanding: 20,653,035

2025-12-31

76.18%

Inst. Shares: 6,606,829

Shares Outstanding: 8,673,148

2025-09-30

53.78%

Inst. Shares: 7,316,880

Shares Outstanding: 13,604,556

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	7,497,195	20,653,035	36.30%
2025-12-31	6,606,829	8,673,148	76.18%
2025-09-30	7,316,880	13,604,556	53.78%
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SHOULDER INNOVATIONS, INC. (SI) — SEC Financial Statements & Analysis

SHOULDER INNOVATIONS, INC. (SI) is a surgical & medical instruments & apparatus company, incorporated in DE. SHOULDER INNOVATIONS, INC. trades on NYSE as: SI. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), SHOULDER INNOVATIONS, INC. reported a Gross Profit Margin of 77.27% (TTM), a Debt-to-Equity ratio of 0.22x, a Price-to-Sales (P/S) ratio of 5.99x (TTM), a Price-to-Book (P/B) ratio of 3.38x (TTM), at a market cap of $420.52M. Figures below are sourced from SEC EDGAR, as-filed.

Gross Profit Margin TTM: 77.27%
Debt To Equity: 0.22x
P/S TTM: 5.99x
P/B TTM: 3.38x
Market Cap: $420.52M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is SHOULDER INNOVATIONS, INC. in?

SHOULDER INNOVATIONS, INC. (SI) operates in the Surgical & Medical Instruments & Apparatus industry.

What is SI's market cap?

SHOULDER INNOVATIONS, INC. (SI) has a market capitalization of $420.52M as of 2026-06-30.

What exchange does SI trade on?

SHOULDER INNOVATIONS, INC. (SI) trades on the NYSE.

Where is SHOULDER INNOVATIONS, INC. incorporated?

SHOULDER INNOVATIONS, INC. is incorporated in DE.