Revenue
2023
2024
2025
Shoulder Innovations, Inc. (SI)
Price$20.32Cached quote
Financial statements
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $47.3M | $31.6M | $19.3M |
| Gross profit | $36.2M | $24.3M | $15.3M |
| Gross margin | 76.51% | 76.97% | 79.23% |
| Research & development | $7.7M | $4.5M | $3.0M |
| Operating expenses | $62.5M | $39.0M | $26.1M |
| Operating income | −$26.3M | −$14.7M | −$10.9M |
| Operating margin | −55.58% | −46.34% | −56.37% |
| EBITDA | −$23.4M | −$12.8M | −$10.3M |
| EBITDA margin | −49.43% | −40.34% | −53.20% |
| Net income | −$40.4M | −$15.6M | −$12.7M |
| Net profit margin | −85.29% | −49.39% | −65.66% |
| Basic EPSper basic share | -$4.65 | -$242.04 | -$0.63 |
| Diluted EPSper diluted share | -$4.65 | -$242.04 | -$0.63 |
Owners
Reported shareholders
17.64%of listed shares
FMR LLC3.67M shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
FMR LLC | 17.64%3.67M shares |
Tansey Casey M | ≈13.19%2.75M shares |
Pardo Geoffrey B | ≈11.47%2.39M shares |
Gilde Healthcare Holding B.V. | ≈11.43%2.38M shares |
Carusi Michael A | ≈9.09%1.89M shares |
Lightstone Ventures II (A), L.P. / LSV Associates II, LLC / George Jean / Lightstone Ventures II, L.P. / Plain Henry A JR | ≈9.05%1.89M shares |
BlackRock, Inc. | 3.07%638.42K shares |
SECTORAL ASSET MANAGEMENT INC | 2.07%430.41K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 1.88%392.18K shares |
Ball Robert Joseph | ≈1.44%300.02K shares |
KCM Capital Inc | 1.44%300K shares |
TimesSquare Capital Management, LLC | 1.43%298.22K shares |
Ahearn Matthew Fraser | ≈1.29%269.18K shares |
Roubaix Capital, LLC | 1.23%255.29K shares |
Driehaus Capital Management LLC | 1.22%253.76K shares |
Parkman Healthcare Partners LLC | 1.09%226.21K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.96%199.53K shares |
CM Management, LLC | 0.70%145K shares |
Blue David Lawrence | ≈0.67%139.37K shares |
JPMORGAN CHASE & CO | 0.60%124.44K shares |
Percentages use 20.82M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 15, 2026Form 4 · 10b5-1 | Ahearn Matthew FraserChief Operating Officer | SellCommon Stock | 2.5K | $19.26 | $48.2K | 269.2K |
| Jun 15, 2026Form 4 · 10b5-1 | Ahearn Matthew FraserChief Operating Officer | SellCommon Stock | 1.6K | $18.20 | $29.9K | 271.7K |
| Jun 12, 2026Form 4 · 10b5-1 | Ahearn Matthew FraserChief Operating Officer | SellCommon Stock | 15.9K | $18.68 | $296.2K | 273.3K |
| Mar 13, 2026Form 4 | Ball Robert JosephCEO & Executive Chairman | BuyCommon Stock | 2.2K | $15.18 | $33.4K | 278.9K |
| Mar 13, 2026Form 4 | Buchholz RichardDirector | BuyCommon Stock | 1.0K | $14.84 | $14.8K | 13.7K |