Shoulder Innovations, Inc.

SIShoulder Innovations, Inc. US flag

New York Stock Exchange

18.70

USD

-0.06

- -

387.80MMarket Cap

Income Statement (USD)

MCP API Chat

	2023 Y	2024 Y	2025 Y
As of date	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	19	32	47
+ Sales & Services Revenue	19	32	47
- Cost of Revenue	4	7	11
+ Cost of Goods & Services	4	7	11
Gross Profit	15	24	36
+ Other Operating Income	- -	- -	- -
- Operating Expenses	26	39	62
+ Selling, General & Admin	23	35	55
+ Research & Development	3	4	8
+ Other Operating Expense	- -	- -	- -
Operating Income (Loss)	-11	-15	-26
- Non-Operating (Income) Loss	2	1	14
+ Interest Expense, Net	1	1	- -
+ Interest Expense	1	1	- -
- Interest Income	- -	- -	- -
+ Other Non-Op (Income) Loss	1	- -	14
Pretax Income	-13	-16	-40
- Income Tax Expense (Benefit)	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -
Income (Loss) from Cont Ops	-13	-16	-40
- Net Extraordinary Losses (Gains)	- -	- -	- -
+ Discontinued Operations	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -
Income (Loss) Incl. MI	-13	-16	-40
- Minority Interest	- -	- -	- -
Net Income, GAAP	-13	-16	-40
- Preferred Dividends	- -	- -	- -
- Other Adjustments	- -	- -	- -
Net Income Avail to Common, GAAP	-13	-16	-40
EBIT	-11	-15	-26
EBITDA	-9	-12	-23
EBITDA Margin (%)	-47.85	-39.39	-48.8
EBITA	-11	-15	-26
Gross Margin (%)	79.23	76.97	76.51
Operating Margin (%)	-56.37	-46.34	-55.58
Profit Margin (%)	-65.66	-49.39	-85.29
Sales per Employee	- -	- -	- -
Dividend per Share	- -	- -	- -
Depreciation Expense	2	2	3
Basic Weighted Avg Shares	20	20	9
Basic EPS, GAAP	-0.63	-0.77	-4.65
Basic EPS from Cont Ops	-0.63	-0.77	-4.65
Diluted Weighted Avg Shares	20	20	9
Diluted EPS, GAAP	-0.63	-0.77	-4.65
Diluted EPS from Cont Ops	-0.63	-0.77	-4.65

Balance Sheet (USD)

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	2023 Y	2024 Y	2025 Y
As of date	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	48	35	157
+ Cash, Cash Equivalents & STI	33	15	124
+ Cash & Cash Equivalents	6	6	27
+ ST Investments	27	9	97
+ Accounts & Notes Receiv	5	5	8
+ Accounts Receivable, Net	5	5	8
+ Notes Receivable, Net	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -
+ Inventories	10	14	22
+ Raw Materials	- -	- -	- -
+ Work In Process	- -	- -	- -
+ Finished Goods	10	14	22
+ Inventory Adjustments	- -	- -	- -
+ Other Inventory	- -	- -	- -
+ Other ST Assets	- -	1	3
+ Misc ST Assets	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -
Total Noncurrent Assets	6	8	13
+ Property, Plant & Equip, Net	6	8	13
+ Property, Plant & Equip	8	12	20
- Accumulated Depreciation	3	4	7
+ LT Investments & Receivables	- -	- -	- -
+ LT Investments	- -	- -	- -
+ LT Receivables	- -	- -	- -
+ Other LT Assets	1	- -	- -
+ Total Intangible Assets	1	- -	- -
+ Goodwill	- -	- -	- -
+ Other Intangible Assets	1	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -
+ Misc LT Assets	- -	- -	- -
Total Assets	54	43	170
+ Payables & Accruals	4	7	13
+ Accounts Payable	2	5	9
+ Accrued Taxes	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -
+ Other Payables & Accruals	2	2	4
+ ST Debt	- -	- -	- -
+ ST Borrowings	- -	- -	- -
+ ST Finance Leases	- -	- -	- -
+ Other ST Liabilities	- -	- -	1
+ Deferred Revenue	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Misc ST Liabilities	- -	- -	1
Total Current Liabilities	4	8	14
+ LT Debt	14	15	15
+ LT Borrowings	14	15	15
+ LT Finance Leases	- -	- -	- -
+ Other LT Liabilities	75	75	- -
+ Accrued Liabilities	- -	- -	- -
+ Pension Liabilities	- -	- -	- -
+ Deferred Revenue	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -
+ Misc LT Liabilities	75	75	- -
Total Noncurrent Liabilities	90	90	15
Total Liabilities	94	98	29
+ Preferred Equity and Hybrid Capital	- -	- -	- -
+ Share Capital & APIC	1	2	238
+ Common Stock	- -	- -	- -
+ Additional Paid in Capital	1	2	238
- Treasury Stock	- -	- -	- -
+ Retained Earnings	-41	-57	-97
+ Other Equity	- -	- -	- -
Equity Before Minority Interest	-40	-55	141
+ Minority/Non Controlling Interest	- -	- -	- -
Total Equity	-40	-55	141
Total Liabilities & Equity	54	43	170
Shares Outstanding	20	20	21
Number of Employees	- -	- -	- -
Capital Leases - Total	- -	- -	- -
Net Debt	8	9	-12
Net Debt to Equity	-20.42	-15.6	-8.5
Tangible Common Equity Ratio	-75.45	-129.09	82.83
Current Ratio	11.17	4.59	11.07
Cash Conversion Cycle	- -	545.08	501.61

Cash Flow Statement (USD)

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	2023 Y	2024 Y	2025 Y
As of date	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-13	-16	-40
+ Depreciation & Amortization	2	2	3
+ Non-Cash Items	3	- -	15
+ Stock-Based Compensation	- -	1	1
+ Deferred Income Taxes	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -
+ Other Non-Cash Adj	2	-1	14
+ Chg in Non-Cash Work Cap	-5	-1	-7
+ (Inc) Dec in Accts Receiv	-3	-1	-3
+ (Inc) Dec in Inventories	-2	-4	-8
+ (Inc) Dec in Prepaid Assets	- -	- -	-1
+ Inc (Dec) in Accts Payable	-1	3	3
+ Inc (Dec) in Other	1	- -	2
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Operating Activities	-13	-14	-29
+ Change in Fixed & Intang	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -
+ Acq of Fixed & Intang	-3	-4	-7
+ Acq of Fixed Prod Assets	-3	-4	-7
+ Acq of Intangible Assets	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	64
+ Increase in Capital Stock	- -	- -	64
+ Decrease in Capital Stock	- -	- -	- -
+ Net Change in LT Investment	-26	18	-88
+ Dec in LT Investment	3	23	31
+ Inc in LT Investment	-29	-5	-119
+ Net Cash From Acq & Div	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -
+ Cash for JVs	- -	- -	- -
+ Other Investing Activities	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Investing Activities	-29	14	-96
+ Dividends Paid	- -	- -	- -
+ Net Cash From Debt	10	- -	- -
+ Cash From Debt	15	- -	- -
+ Repayments of Debt	-5	- -	- -
+ Other Financing Activities	35	- -	81
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Financing Activities	45	- -	145
Effect of Foreign Exchange Rates	- -	- -	- -
Net Changes in Cash	3	- -	21
EBITDA	-9	-12	-23
EBITDA Margin (%)	-47.85	-39.39	-48.8
Free Cash Flow	-16	-18	-36
Net Cash Paid for Acquisitions	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -
Free Cash Flow to Equity	- -	-18	-36
Free Cash Flow per Basic Share	-0.79	-0.9	-4.15
Price/Free Cash Flow	-1.75	- -	-5.85
Cash Flow to Net Income	1.04	0.91	0.71
Capital Expenditures	-3	-4	-7