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10-K

Annual Report

Shoulder Innovations, Inc. SI

0001699350-26-000011

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Filed
Mar 10, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Mar 3, 2026 20.65M sh
Shares Diluted FY 2025 · Dec 31, 2025 8.67M sh
Shares Diluted FY 2025 · Dec 31, 2024 64.53K sh
Capex FY 2025 · Dec 31, 2025 $7.41M
Capex FY 2025 · Dec 31, 2024 $4.02M
Operating Cash Flow FY 2025 · Dec 31, 2025 −$28.61M
Operating Cash Flow FY 2025 · Dec 31, 2024 −$14.14M
Long Term Debt FY 2025 · Dec 31, 2025 $14.91M
Long Term Debt FY 2025 · Dec 31, 2024 $14.66M
Cash And Equivalents FY 2025 · Dec 31, 2025 $26.87M
Cash And Equivalents FY 2025 · Dec 31, 2024 $6.12M
Stockholders Equity FY 2025 · Dec 31, 2025 $140.75M
Stockholders Equity FY 2025 · Dec 31, 2024 −$54.7M
Stockholders Equity FY 2025 · Dec 31, 2023 −$39.74M
Current Liabilities FY 2025 · Dec 31, 2025 $14.2M
Current Liabilities FY 2025 · Dec 31, 2024 $7.65M
Total Liabilities FY 2025 · Dec 31, 2025 $29.16M
Total Liabilities FY 2025 · Dec 31, 2024 $23.3M
Current Assets FY 2025 · Dec 31, 2025 $157.17M
Current Assets FY 2025 · Dec 31, 2024 $35.13M
Total Assets FY 2025 · Dec 31, 2025 $169.91M
Total Assets FY 2025 · Dec 31, 2024 $43.08M
Eps Diluted FY 2025 · Dec 31, 2025 −$4.65
Eps Diluted FY 2025 · Dec 31, 2024 −$242.04
Eps Basic FY 2025 · Dec 31, 2025 −$4.65
Eps Basic FY 2025 · Dec 31, 2024 −$242.04
Sga Expense FY 2025 · Dec 31, 2025 $54.77M
Sga Expense FY 2025 · Dec 31, 2024 $34.51M
Rd Expense FY 2025 · Dec 31, 2025 $7.73M
Rd Expense FY 2025 · Dec 31, 2024 $4.49M
Net Income FY 2025 · Dec 31, 2025 −$40.36M
Net Income FY 2025 · Dec 31, 2024 −$15.62M
Operating Income FY 2025 · Dec 31, 2025 −$26.3M
Operating Income FY 2025 · Dec 31, 2024 −$14.65M
Gross Profit FY 2025 · Dec 31, 2025 $36.2M
Gross Profit FY 2025 · Dec 31, 2024 $24.34M
Cost Of Revenue FY 2025 · Dec 31, 2025 $11.12M
Cost Of Revenue FY 2025 · Dec 31, 2024 $7.28M
Revenue FY 2025 · Dec 31, 2025 $47.32M
Revenue FY 2025 · Dec 31, 2024 $31.62M