shoulder innovations inc - SI

SI

Close Chg Chg %
14.50 0.06 0.38%

Open Market

14.55

+0.06 (0.38%)

Volume: 44.26K

Last Updated:

Mar 26, 2026, 1:48 PM EDT

Company Overview: shoulder innovations inc - SI

SI Key Data

Open

$14.79

Day Range

14.32 - 14.85

52 Week Range

10.98 - 17.60

Market Cap

$297.32M

Shares Outstanding

20.65M

Public Float

10.25M

Beta

-4.26

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

126.21K

 

SI Performance

1 Week
 
0.70%
 
1 Month
 
6.19%
 
3 Months
 
-5.57%
 
1 Year
 
N/A
 
5 Years
 
N/A
 

SI Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 5
Full Ratings ➔

About shoulder innovations inc - SI

Shoulder Innovations, Inc. manufactures medical devices. It has developed a shoulder replacement system. 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 5 Current Quarters Estimate -0.41
FY Report Date 03 / 2026 Current Year's Estimate -1.57
Last Quarter’s Earnings -0.38 Median PE on CY Estimate N/A
Year Ago Earnings -4.65 Next Fiscal Year Estimate -1.383
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 -0.42 -1.57 -1.38
High Estimates -0.36 -0.37 -1.42 -1.20
Low Estimate -0.44 -0.47 -1.71 -1.73
Coefficient of Variance -8.68 -10.69 -7.59 -17.10

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 5 5 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