SHOULDER INNOVATIONS, INC. (SI) Revenue History
Annual and quarterly revenue from 2023 to 2024
Compound Annual Growth Rate (CAGR)
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SI Revenue Growth
SI Revenue Analysis (2023–2024)
As of May 8, 2026, SHOULDER INNOVATIONS, INC. (SI) generated trailing twelve-month (TTM) revenue of $32.9 million. The most recent quarter (Q3 2025) recorded $11.8 million in revenue, up 6.7% sequentially.
Looking at the longer-term picture, SI's historical revenue data shows various trends over time. The company achieved its highest annual revenue of $31.6 million in 2024, representing a new all-time high.
When compared to Healthcare sector peers including GMED (+23.5% YoY), ATEC (-7.4% YoY), and XTNT (+16.9% YoY). Compare SI vs GMED →
SI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SICurrent | $33M | - | - | -46.3% | |
 GMED | $2.9B | +23.5% | +30.1% | 16.3% | |
 ATEC | $764M | -7.4% | +39.5% | -10.7% | |
 XTNT | $117M | +16.9% | +12.6% | -10.3% | |
 NVCR | $655M | +8.5% | +5.8% | -23.5% | |
 ZBH | $8.2B | +9.2% | +6.1% | 16.5% |
SI Historical Revenue Data (2023–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $31.6M | +64.1% | $24.3M | 77.0% | $-14,653,000 | -46.3% |
| 2023 | $19.3M | - | $15.3M | 79.2% | $-10,864,000 | -56.4% |
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Start ComparisonSI — Frequently Asked Questions
Quick answers to the most common questions about buying SI stock.
Is SI's revenue growth accelerating or slowing?
SI TTM revenue: $33M. YoY growth: N/A. 5-year CAGR: N/A.
What is SI's long-term revenue growth rate?
SHOULDER INNOVATIONS, INC.'s 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of N/A is near this long-term average.
How is SI's revenue distributed by segment?
SI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2023-2024 are available for download. Segment mix reveals concentration and diversification trends.