2 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $47M | -$40M | 76.5% | -55.6% | -$36M | $15M | $27M |
| 2024 | $32M | -$16M | 77.0% | -46.3% | -$18M | $15M | $6M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $17M | -$8M | 77.7% | -53.7% | -$15M | $15M | $11M |
| Dec '25 | $14M | -$8M | 76.7% | -59.0% | -$11M | $15M | $27M |
| Sep '25 | $12M | -$9M | 76.2% | -65.0% | -$11M | $15M | $55M |
| Jun '25 | $11M | -$19M | 76.2% | -53.2% | — | $15M | $27M |
| Mar '25 | $10M | -$5M | 76.9% | -42.4% | -$7M | — | — |
| Dec '24 | $9M | -$4M | 77.6% | -40.5% | -$4M | $15M | $6M |
| Sep '24 | $7M | -$4M | 76.5% | -52.1% | -$6M | — | — |
| Jun '24 | $8M | -$4M | 76.9% | -48.2% | — | — | — |
| Mar '24 | — | -$4M | — | — | — | — | — |
How the market has priced SI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 1 years, SHOULDER INNOVATIONS, INC.'s revenue has grown 49.6% per year. These are computed facts, not advice.
As of FY2025, SHOULDER INNOVATIONS, INC. reported $15M of total debt against $27M of cash; operating income covered interest expense -375.7×.
In FY2025, gross margin was 76.5%, operating margin -55.6%, and net margin -85.3%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.