Shoulder Innovations, Inc. (SI) quarterly income statement — complete revenue, gross profit & net income history
Shoulder Innovations, Inc. (SI) annual income statement — 3-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|
| Sales/Revenue | 16.19M | 17.18M | 16.71M | 14.42M | 11.76M | 11.01M | 10.13M | 8.72M | 7.45M | 8.26M | 7.18M | 6.84M |
| Revenue Growth % | 37.73% | 55.95% | 64.9% | 65.23% | 57.71% | 33.33% | 41.04% | 27.54% | - | - | - | - |
| Cost of Goods Sold | 3.49M | 3.73M | 3.72M | 3.36M | 2.79M | 3.34M | 3.01M | 1.96M | 1.75M | 1.91M | 1.67M | 1.41M |
| COGS % of Revenue | 21.53% | 21.74% | 22.28% | 23.3% | 23.78% | 30.31% | 29.7% | 22.43% | 23.52% | 23.08% | 23.19% | 20.54% |
| Gross Profit | 12.71M | 13.44M | 12.99M | 11.06M | 8.96M | 7.67M | 7.12M | 6.77M | 5.7M | 6.35M | 5.52M | 5.44M |
| Gross Margin % | 78.47% | 78.26% | 77.72% | 76.7% | 76.22% | 69.69% | 70.3% | 77.57% | 76.48% | 76.92% | 76.81% | 79.46% |
| Gross Profit Growth % | 41.78% | 75.13% | 82.31% | 63.37% | 57.18% | 20.79% | 29.09% | 24.5% | - | - | - | - |
| Operating Expenses | 20.3M | 23.48M | 21.96M | 19.56M | 16.6M | 13.54M | 11.42M | 10.3M | 9.58M | 10.33M | 8.77M | 7.84M |
| OpEx % of Revenue | 125.39% | 136.69% | 131.45% | 135.66% | 141.22% | 122.92% | 112.68% | 118.1% | 128.56% | 125.11% | 122.13% | 114.68% |
| Selling, General & Admin | 17.14M | 20.09M | 18.21M | 16.34M | 15.08M | 12.13M | 9.83M | 9.14M | 8.49M | 9.17M | 7.7M | 7.05M |
| SG&A % of Revenue | 105.84% | 116.95% | 108.98% | 113.35% | 128.25% | 110.15% | 97.06% | 104.72% | 113.94% | 111.04% | 107.24% | 103.07% |
| Research & Development | 3.17M | 3.39M | 3.75M | 3.22M | 1.52M | 1.41M | 1.58M | 1.17M | 1.09M | 1.16M | 1.07M | 794K |
| R&D % of Revenue | 19.55% | 19.74% | 22.47% | 22.32% | 12.97% | 12.77% | 15.62% | 13.38% | 14.62% | 14.07% | 14.89% | 11.61% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -7.6M | -10.04M | -8.98M | -8.5M | -7.64M | -5.86M | -4.29M | -3.54M | -3.88M | -3.98M | -3.26M | -2.41M |
| Operating Margin % | -46.92% | -58.43% | -53.72% | -58.96% | -65% | -53.23% | -42.38% | -40.53% | -52.08% | -48.18% | -45.32% | -35.21% |
| Operating Income Growth % | 0.58% | -71.2% | -109.04% | -140.38% | -96.83% | -47.29% | -31.88% | -46.78% | - | - | - | - |
| EBITDA | -7.6M | -8.9M | -7.84M | -7.52M | -6.8M | -5.14M | -3.63M | -3.4M | -3.74M | -3.46M | -2.76M | -1.97M |
| EBITDA Margin % | -46.92% | -51.84% | -46.95% | -52.16% | -57.83% | -46.72% | -35.79% | -38.98% | -50.17% | -41.95% | -38.39% | -28.72% |
| EBITDA Growth % | -11.75% | -73.04% | -116.33% | -121.11% | -81.76% | -48.48% | -31.47% | -73.08% | - | - | - | - |
| D&A (Non-Cash Add-back) | 0 | 1.13M | 1.13M | 980K | 843K | 717K | 668K | 0 | 0 | 515K | 498K | 0 |
| EBIT | 0 | -10.15M | -8.81M | -8.36M | -8.65M | -18.98M | -4.29M | -3.4M | -3.74M | -3.88M | -3.28M | -1.97M |
| Net Interest Income | 0 | 673K | 436K | 591K | -78K | -216K | -367K | -391K | -315K | -292K | -317K | -565K |
| Interest Income | 0 | 673K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -574K | 0 | -436K | -591K | 78K | 216K | 367K | 391K | 315K | 292K | 317K | 565K |
| Other Income/Expense | 549K | -117K | 597K | 728K | -1.09M | -13.33M | -368K | -256K | -173K | -192K | -344K | -121K |
| Pretax Income | -7.05M | -10.15M | -8.38M | -7.77M | -8.73M | -19.2M | -4.66M | -3.79M | -4.05M | -4.17M | -3.6M | -2.53M |
| Pretax Margin % | -43.53% | -59.11% | -50.15% | -53.91% | -74.25% | -174.3% | -46.01% | -43.46% | -54.4% | -50.51% | -50.11% | -36.98% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -7.05M | -10.15M | -8.38M | -7.77M | -8.73M | -19.2M | -4.66M | -3.79M | -4.05M | -4.17M | -3.6M | -2.53M |
| Net Margin % | -43.53% | -59.11% | -50.15% | -53.91% | -74.25% | -174.3% | -46.01% | -43.46% | -54.4% | -50.51% | -50.11% | -36.98% |
| Net Income Growth % | 19.26% | 47.11% | -79.73% | -104.96% | -115.27% | -360.12% | -29.5% | -49.88% | - | - | - | - |
| Net Income (Continuing) | -7.05M | -10.15M | -8.38M | -7.77M | -8.73M | -19.2M | -4.66M | -3.79M | -4.05M | -4.17M | -3.6M | -2.53M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 0 | 0 |
| EPS (Diluted) | -0.34 | -0.49 | -0.41 | -0.38 | -0.43 | -0.95 | -0.23 | -0.19 | -0.20 | -0.21 | -0.18 | -0.13 |
| EPS Growth % | 20.93% | 48.42% | -78.26% | -100% | -115% | -352.38% | -27.78% | -46.15% | - | - | - | - |
| EPS (Basic) | -0.34 | -0.49 | -0.41 | -0.38 | -0.43 | -0.95 | -0.23 | -0.19 | -0.20 | -0.21 | -0.18 | -0.13 |
| Diluted Shares Outstanding | 20.84M | 20.74M | 20.65M | 20.6M | 20.48M | 20.36M | 19.92M | 19.92M | 19.92M | 19.92M | 19.92M | 19.92M |
| Basic Shares Outstanding | 20.84M | 20.74M | 20.65M | 20.6M | 20.48M | 20.36M | 19.92M | 19.92M | 19.92M | 19.92M | 19.92M | 19.92M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - |