Shoulder Innovations, Inc. (SI) quarterly cash flow statement — complete operating, investing & financing history
Shoulder Innovations, Inc. (SI) cash flow statement — 3-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|
| Cash from Operations | -7.39M | -12.36M | -8.78M | -8.55M | -4.8M | -6.48M |
| Operating CF Margin % | -43.04% | -73.96% | -60.93% | -72.77% | -43.56% | -63.93% |
| Operating CF Growth % | -54.1% | -90.8% | - | - | - | - |
| Net Income | -10.15M | -8.38M | -7.77M | -8.73M | -19.2M | -4.66M |
| Depreciation & Amortization | 1.13M | 1.13M | 980K | 843K | 717K | 668K |
| Stock-Based Compensation | 1.08M | 726K | 381K | 298K | 190K | 127K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.01M | 9K | 149K | 993K | 13.25M | -99K |
| Working Capital Changes | -465K | -5.85M | -2.52M | -1.96M | 241K | -2.51M |
| Change in Receivables | -468K | -2.39M | -1.24M | -240K | -361K | -1.46M |
| Change in Inventory | -1.09M | -238K | -2.23M | -2.28M | -3.98M | 851K |
| Change in Payables | 997K | -3.22M | 1.58M | 807K | 3.1M | -2.12M |
| Cash from Investing | 20.44M | -3.12M | -17.28M | -72.44M | 7.19M | -13.07M |
| Capital Expenditures | -2.16M | -2.73M | -2.28M | -2.81M | -1.47M | -843K |
| CapEx % of Revenue | 12.56% | 16.37% | 15.83% | 23.95% | 13.33% | 8.32% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -84K | 101K | -2M | 108.87M | 18.29M | 19.79M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 423K | 101K | -39.55M | 0 | 19.92M | 19.63M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -507K | 0 | 37.55M | 108.87M | -1.63M | 162K |
| Net Change in Cash | 12.97M | -15.38M | -28.06M | 27.88M | 20.68M | 247K |
| Free Cash Flow | -9.55M | -15.09M | -11.06M | -11.37M | -6.26M | -7.32M |
| FCF Margin % | -55.6% | -90.33% | -76.75% | -96.72% | -56.89% | -72.25% |
| FCF Growth % | -52.42% | -106.19% | - | - | - | - |
| FCF per Share | -0.46 | -0.73 | -0.54 | -0.56 | -0.31 | -0.37 |
| FCF Conversion (FCF/Net Income) | 0.73x | 1.47x | 1.13x | 0.98x | 0.25x | 1.39x |
| Interest Paid | 844K | 413K | -863K | 418K | 432K | 431K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |