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SI

Shoulder Innovations, Inc.

Price Chart
Latest Quote

$18.55

+0.58 (+3.23%)
Current Price
Previous Close $17.97
Open $18.38
Day High $18.89
Day Low $17.66
Volume 61,017
Fetched: 2026-06-20T09:57:34
Stock Information
Shares Outstanding 20.74M
Market Cap $384.69M
Exchange NYQ
📊 Comprehensive Analysis
Company Data
Book/sh$6.42
Financial Ratios
Returns & Margins
Ownership
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-13.30
P/B2.89
Analyst Data
Recommendationnone
Target Price$21.25
Technical Indicators
SMA20$nan
SMA50$nan
SMA200$nan
RSI69.58
ATRnan
Rel Volume0.64
Performance History
Weeknan%
Monthnan%
Quarternan%
6 Monthsnan%
YTDnan%
10 Yearsnan%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-18 $18.55 90,200
2026-06-17 $17.97 99,500
2026-06-16 $18.67 165,400
2026-06-15 $18.12 146,900
2026-06-12 $18.70 77,800
2026-06-11 $18.76 128,800
2026-06-10 $17.89 211,000
2026-06-09 $15.32 182,800
2026-06-08 $14.15 24,200
2026-06-05 $14.28 32,700
2026-06-04 $14.48 67,400
2026-06-03 $13.83 74,200
2026-06-02 $14.00 59,300
2026-06-01 $14.18 52,000
2026-05-29 $14.70 33,900
2026-05-28 $15.13 59,400
2026-05-27 $14.97 46,300
2026-05-26 $15.06 171,200
2026-05-22 $14.60 81,700
2026-05-21 $15.10 126,600
2026-05-20 $14.88 78,600
2026-05-19 $14.93 77,000
Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31
Revenue
Reconciled Cost Of Revenue $11,115,000 $7,282,000 $4,004,000
Cost Of Revenue $11,115,000 $7,282,000 $4,004,000
Total Revenue $47,317,000 $31,623,000 $19,274,000
Operating Revenue $47,317,000 $31,623,000 $19,274,000
Expenses
Interest Expense $70,000 $1,316,000 $761,000
Total Expenses $73,614,000 $46,276,000 $30,138,000
Other Income Expense $-13,992,000 $350,000 $-1,030,000
Other Non Operating Income Expenses $-56,000 $350,000 $97,000
Net Non Operating Interest Income Expense $-70,000 $-1,316,000 $-761,000
Interest Expense Non Operating $70,000 $1,316,000 $761,000
Operating Expense $62,499,000 $38,994,000 $26,134,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-40,359,000 $-15,619,000 $-12,655,000
Net Interest Income $-70,000 $-1,316,000 $-761,000
Normalized Income $-26,423,000 $-15,619,000 $-11,528,000
Net Income From Continuing And Discontinued Operation $-40,359,000 $-15,619,000 $-12,655,000
Total Operating Income As Reported $-26,297,000 $-14,653,000 $-10,864,000
Net Income Common Stockholders $-40,359,000 $-15,619,000 $-12,655,000
Net Income $-40,359,000 $-15,619,000 $-12,655,000
Net Income Including Noncontrolling Interests $-40,359,000 $-15,619,000 $-12,655,000
Net Income Continuous Operations $-40,359,000 $-15,619,000 $-12,655,000
Pretax Income $-40,359,000 $-15,619,000 $-12,655,000
Operating Income $-26,297,000 $-14,653,000 $-10,864,000
Gross Profit $36,202,000 $24,341,000 $15,270,000
Special Income Charges - $0 $-1,127,000
Per Share
Diluted EPS $-4.65 $-0.77 $-0.63
Basic EPS $-4.65 $-0.77 $-0.63
Other
Tax Effect Of Unusual Items $0 $0 $0
Tax Rate For Calcs $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-23,145,000 $-12,107,000 $-9,126,000
Total Unusual Items $-13,936,000 $0 $-1,127,000
Total Unusual Items Excluding Goodwill $-13,936,000 $0 $-1,127,000
Reconciled Depreciation $3,208,000 $2,196,000 $1,641,000
EBITDA (Bullshit earnings) $-37,081,000 $-12,107,000 $-10,253,000
EBIT $-40,289,000 $-14,303,000 $-11,894,000
Diluted Average Shares $8,673,148 $20,228,510 $20,228,510
Basic Average Shares $8,673,148 $20,228,510 $20,228,510
Diluted NI Availto Com Stockholders $-40,359,000 $-15,619,000 $-12,655,000
Tax Provision $0 $0 $0
Gain On Sale Of Security $-13,936,000 - -
Research And Development $7,731,000 $4,489,000 $3,021,000
Selling General And Administration $54,768,000 $34,505,000 $23,113,000
Other Special Charges - - $1,127,000
Fetched: 2026-06-15
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31
Assets
Net Tangible Assets $140,650,000 $-55,095,000 $-40,437,000
Total Assets $169,907,000 $43,080,000 $54,294,000
Total Non Current Assets $12,742,000 $7,955,000 $6,446,000
Goodwill And Other Intangible Assets $100,000 $400,000 $700,000
Other Intangible Assets $100,000 $400,000 $700,000
Current Assets $157,165,000 $35,125,000 $47,848,000
Other Current Assets $1,483,000 $573,000 -
Prepaid Assets $1,518,000 $431,000 $419,000
Inventory $21,591,000 $13,955,000 $9,923,000
Receivables $8,268,000 $5,122,000 $4,693,000
Accounts Receivable $8,268,000 $5,122,000 $4,693,000
Allowance For Doubtful Accounts Receivable $-316,000 $-163,000 $-50,000
Gross Accounts Receivable $8,584,000 $5,285,000 $4,743,000
Cash Cash Equivalents And Short Term Investments $124,305,000 $15,044,000 $32,813,000
Cash And Cash Equivalents $26,871,000 $6,123,000 $6,236,000
Debt
Total Debt $15,024,000 $14,730,000 $14,465,000
Long Term Debt And Capital Lease Obligation $14,962,000 $14,683,000 $14,422,000
Long Term Debt $14,911,000 $14,658,000 $14,351,000
Current Debt And Capital Lease Obligation $62,000 $47,000 $43,000
Net Debt - $8,535,000 $8,115,000
Liabilities
Total Liabilities Net Minority Interest $29,157,000 $97,775,000 $94,031,000
Total Non Current Liabilities Net Minority Interest $14,962,000 $90,128,000 $89,748,000
Derivative Product Liabilities $0 $970,000 $851,000
Current Liabilities $14,195,000 $7,647,000 $4,283,000
Other Current Liabilities $772,000 $307,000 $228,000
Payables And Accrued Expenses $13,361,000 $7,293,000 $4,012,000
Payables $10,275,000 $5,696,000 $2,578,000
Other Payable $1,401,000 $836,000 $619,000
Accounts Payable $8,874,000 $4,860,000 $1,959,000
Equity
Common Stock Equity $140,750,000 $-54,695,000 $-39,737,000
Total Equity Gross Minority Interest $140,750,000 $-54,695,000 $-39,737,000
Stockholders Equity $140,750,000 $-54,695,000 $-39,737,000
Gains Losses Not Affecting Retained Earnings $117,000 $197,000 $356,000
Other Equity Adjustments $117,000 $197,000 $356,000
Retained Earnings $-97,400,000 $-57,041,000 $-41,422,000
Preferred Securities Outside Stock Equity $0 $74,475,000 $74,475,000
Other
Ordinary Shares Number $20,623,457 $20,228,510 $20,228,510
Share Issued $20,623,457 $20,228,510 $20,228,510
Tangible Book Value $140,650,000 $-55,095,000 $-40,437,000
Invested Capital $155,661,000 $-40,037,000 $-25,386,000
Working Capital $142,970,000 $27,478,000 $43,565,000
Capital Lease Obligations $113,000 $72,000 $114,000
Total Capitalization $155,661,000 $-40,037,000 $-25,386,000
Additional Paid In Capital $238,012,000 $2,148,000 $1,328,000
Capital Stock $21,000 $1,000 $1,000
Common Stock $21,000 $1,000 $1,000
Long Term Capital Lease Obligation $51,000 $25,000 $71,000
Current Capital Lease Obligation $62,000 $47,000 $43,000
Current Accrued Expenses $3,086,000 $1,597,000 $1,434,000
Net PPE $12,642,000 $7,555,000 $5,746,000
Accumulated Depreciation $-6,878,000 $-4,240,000 $-2,680,000
Gross PPE $19,520,000 $11,795,000 $8,426,000
Leases $167,000 $150,000 $146,000
Other Properties $18,913,000 $11,291,000 $8,122,000
Machinery Furniture Equipment $440,000 $354,000 $158,000
Properties $0 $0 $0
Finished Goods $21,591,000 $13,955,000 $9,923,000
Other Short Term Investments $97,434,000 $8,921,000 $26,577,000
Fetched: 2026-06-15
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31
Free Cash Flow
Free Cash Flow $-36,020,000 $-18,158,000 $-15,892,000
Operating Activities
Operating Cash Flow $-28,612,000 $-14,143,000 $-13,144,000
Cash Flow From Continuing Operating Activities $-28,612,000 $-14,143,000 $-13,144,000
Operating Gains Losses $11,671,000 $-319,000 $1,254,000
Investing Activities
Capital Expenditure $-7,408,000 $-4,015,000 $-2,748,000
Investing Cash Flow $-95,597,000 $13,964,000 $-28,973,000
Cash Flow From Continuing Investing Activities $-95,597,000 $13,964,000 $-28,973,000
Financing Activities
Issuance Of Capital Stock $143,583,000 $0 $34,877,000
Financing Cash Flow $144,957,000 $66,000 $44,728,000
Cash Flow From Continuing Financing Activities $144,957,000 $66,000 $44,728,000
Net Preferred Stock Issuance $79,371,000 $0 $34,877,000
Preferred Stock Issuance $79,371,000 $0 $34,877,000
Net Common Stock Issuance $64,212,000 $0 -
Common Stock Issuance $64,212,000 $0 -
Net Other Financing Charges - - $-149,000
Other
Interest Paid Supplemental Data $1,688,000 $1,785,000 $901,000
End Cash Position $26,871,000 $6,123,000 $6,236,000
Beginning Cash Position $6,123,000 $6,236,000 $3,625,000
Changes In Cash $20,748,000 $-113,000 $2,611,000
Proceeds From Stock Option Exercised $1,374,000 $66,000 $0
Net Investment Purchase And Sale $-88,189,000 $17,979,000 $-26,225,000
Sale Of Investment $31,302,000 $23,260,000 $3,025,000
Purchase Of Investment $-119,491,000 $-5,281,000 $-29,250,000
Net PPE Purchase And Sale $-7,408,000 $-4,015,000 $-2,748,000
Purchase Of PPE $-7,408,000 $-4,015,000 $-2,748,000
Change In Working Capital $-6,751,000 $-1,037,000 $-4,765,000
Change In Other Working Capital $1,902,000 $458,000 -
Change In Payables And Accrued Expense $3,369,000 $3,124,000 $-737,000
Change In Payable $3,369,000 $3,124,000 $-737,000
Change In Account Payable $3,369,000 $3,124,000 $-737,000
Change In Prepaid Assets $-1,087,000 $-12,000 $-314,000
Change In Inventory $-7,636,000 $-4,032,000 $-2,413,000
Change In Receivables $-3,299,000 $-575,000 $-2,693,000
Changes In Account Receivables $-3,299,000 $-575,000 $-2,693,000
Other Non Cash Items $253,000 $-264,000 $863,000
Stock Based Compensation $996,000 $754,000 $451,000
Unrealized Gain Loss On Investment Securities $2,217,000 $0 -
Asset Impairment Charge $153,000 $146,000 $67,000
Depreciation Amortization Depletion $3,208,000 $2,196,000 $1,641,000
Depreciation And Amortization $3,208,000 $2,196,000 $1,641,000
Amortization Cash Flow $300,000 $300,000 $300,000
Amortization Of Intangibles $300,000 $300,000 $300,000
Depreciation $2,908,000 $1,896,000 $1,341,000
Gain Loss On Investment Securities $11,571,000 $-363,000 $-2,000
Gain Loss On Sale Of PPE $100,000 $44,000 $129,000
Net Income From Continuing Operations $-40,359,000 $-15,619,000 $-12,655,000
Repayment Of Debt - $0 $-5,000,000
Issuance Of Debt - $0 $15,000,000
Net Issuance Payments Of Debt - $0 $10,000,000
Net Long Term Debt Issuance - $0 $10,000,000
Long Term Debt Payments - $0 $-5,000,000
Long Term Debt Issuance - $0 $15,000,000
Change In Other Current Liabilities - $458,000 $1,392,000
Fetched: 2026-06-15