shoulder innovations inc - SI

SI

Close Chg Chg %
12.76 0.38 2.98%

Closed Market

13.14

+0.38 (2.98%)

Volume: 71.20K

Last Updated:

May 8, 2026, 3:59 PM EDT

Company Overview: shoulder innovations inc - SI

SI Key Data

Open

$12.67

Day Range

12.35 - 13.32

52 Week Range

10.98 - 17.60

Market Cap

$263.67M

Shares Outstanding

20.65M

Public Float

9.98M

Beta

-1.54

Rev. Per Employee

N/A

P/E Ratio

N/A

EPS

-$1.98

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

62.35K

 

SI Performance

1 Week
 
-2.29%
 
1 Month
 
-11.76%
 
3 Months
 
1.07%
 
1 Year
 
N/A
 
5 Years
 
N/A
 

SI Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 4
Full Ratings ➔

About shoulder innovations inc - SI

Shoulder Innovations, Inc. engages in the provision of medical devices. It focuses on transforming the shoulder surgical care market. It also offers advanced implant systems for shoulder arthroplasty. The company was founded by Stephen B. Gunther and Michael DeVries in 2009 and is headquartered in Grand Rapids, MI.

SI At a Glance

Shoulder Innovations, Inc.
1535 Steele Avenue SW
Grand Rapids, Michigan 49507
Phone 1-616-294-1026 Revenue 47.32M
Industry Medical Specialties Net Income -40,359,000.00
Sector Health Technology 2025 Sales Growth 49.628%
Fiscal Year-end 12 / 2026 Employees 75
View SEC Filings

SI Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 6.233
Price to Book Ratio 2.095
Price to Cash Flow Ratio N/A
Enterprise Value to EBITDA -8.04
Enterprise Value to Sales 3.923
Total Debt to Enterprise Value 0.081

SI Efficiency

Revenue/Employee 630,893.333
Income Per Employee -538,120.00
Receivables Turnover 5.723
Total Asset Turnover 0.444

SI Liquidity

Current Ratio 11.072
Quick Ratio 9.551
Cash Ratio 8.757

SI Profitability

Gross Margin 69.73
Operating Margin -55.576
Pretax Margin -85.295
Net Margin -85.295
Return on Assets -37.898
Return on Equity -50.282
Return on Total Capital -25.909
Return on Invested Capital -42.444

SI Capital Structure

Total Debt to Total Equity 10.674
Total Debt to Total Capital 9.645
Total Debt to Total Assets 8.842
Long-Term Debt to Equity 10.63
Long-Term Debt to Total Capital 9.605
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Shoulder Innovations Inc - SI

Collapse All in section
All values USD millions. 2023 2024 2025 5-year trend
Sales/Revenue
- 19.27M 31.62M 47.32M
Sales Growth
- - +64.07% +49.63%
-
Cost of Goods Sold (COGS) incl D&A
- 5.64M 9.48M 14.32M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
- 1.64M 2.20M 3.21M
Depreciation
- 1.34M 1.90M 2.91M
Amortization of Intangibles
- 300.00K 300.00K 300.00K
COGS Growth
- - +67.90% +51.12%
-
Gross Income
- 13.63M 22.14M 32.99M
Gross Income Growth
- - +62.48% +48.99%
-
Gross Profit Margin
- +70.71% +70.03% +69.73%
2023 2024 2025 5-year trend
SG&A Expense
- 24.49M 36.80M 59.29M
Research & Development
- 3.02M 4.49M 7.73M
Other SG&A
- 21.47M 32.31M 51.56M
SGA Growth
- - +50.24% +61.13%
-
Other Operating Expense
- - - -
-
Unusual Expense
- 1.05M 119.00K 14.19M
EBIT after Unusual Expense
- (11.91M) (14.77M) (40.49M)
Non Operating Income/Expense
- 17.00K 469.00K 200.00K
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- 761.00K 1.32M 70.00K
Interest Expense Growth
- - +72.93% -94.68%
-
Gross Interest Expense
- 761.00K 1.32M 70.00K
Interest Capitalized
- - - -
-
Pretax Income
- (12.65M) (15.62M) (40.36M)
Pretax Income Growth
- - -23.42% -158.40%
-
Pretax Margin
- -65.66% -49.39% -85.29%
Income Tax
- - - -
-
Income Tax - Current - Domestic
- - - -
-
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
- - - -
-
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
- (12.65M) (15.62M) (40.36M)
Minority Interest Expense
- - - -
-
Net Income
- (12.65M) (15.62M) (40.36M)
Net Income Growth
- - -23.42% -158.40%
-
Net Margin Growth
- -65.66% -49.39% -85.29%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
- (12.65M) (15.62M) (40.36M)
Preferred Dividends
- - - -
-
Net Income Available to Common
- (12.65M) (15.62M) (40.36M)
EPS (Basic)
- -0.6352 -0.784 -1.957
EPS (Basic) Growth
- - -23.43% -149.62%
-
Basic Shares Outstanding
- 19.92M 19.92M 20.62M
EPS (Diluted)
- -0.6352 -0.784 -1.957
EPS (Diluted) Growth
- - -23.43% -149.62%
-
Diluted Shares Outstanding
- 19.92M 19.92M 20.62M
EBITDA
- (9.22M) (12.46M) (23.09M)
EBITDA Growth
- - -35.06% -85.35%
-
EBITDA Margin
- -47.85% -39.39% -48.80%

Snapshot

Average Recommendation BUY Average Target Price 20.50
Number of Ratings 4 Current Quarters Estimate -0.414
FY Report Date 06 / 2026 Current Year's Estimate -1.571
Last Quarter’s Earnings -0.42 Median PE on CY Estimate N/A
Year Ago Earnings -4.65 Next Fiscal Year Estimate -1.389
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 4 4 4 4
Mean Estimate -0.41 -0.39 -1.57 -1.39
High Estimates -0.37 -0.34 -1.42 -1.20
Low Estimate -0.47 -0.41 -1.71 -1.73
Coefficient of Variance -10.94 -8.69 -7.53 -16.84

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 4 4 5
OVERWEIGHT 0 0 0
HOLD 0 0 0
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Buy Buy Buy

Insider Actions for Shoulder Innovations Inc - SI

Date Name Shares Transaction Value
Sep 16, 2025 Matthew Ahearn CHIEF OPERATING OFFICER; Director 120,320 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $0.93 per share 111,897.60
Sep 16, 2025 Matthew Ahearn CHIEF OPERATING OFFICER; Director 198,936 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $2.1 per share 417,765.60
Sep 16, 2025 Matthew Ahearn CHIEF OPERATING OFFICER; Director 215,379 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $2.48 per share 534,139.92
Sep 16, 2025 Matthew Ahearn CHIEF OPERATING OFFICER; Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 16, 2025 Matthew Ahearn CHIEF OPERATING OFFICER; Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 16, 2025 Matthew Ahearn CHIEF OPERATING OFFICER; Director 16,285 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 16, 2025 Robert Joseph Ball CEO & EXECUTIVE CHAIRMAN; Director 105,259 Open market or private purchase of non-derivative security Non-derivative transaction at $14.9 per share 1,568,359.10
Sep 16, 2025 Robert Joseph Ball CEO & EXECUTIVE CHAIRMAN; Director 111,259 Open market or private purchase of non-derivative security Non-derivative transaction at $15.49 per share 1,723,401.91

Shoulder Innovations Inc in the News