SI SHOULDER INNOVATIONS, INC.

FY2025 10-K
Filed: Mar 10, 2026
Health Care
Surgical & Medical Instruments & ApparatusSEC EDGAR

SHOULDER INNOVATIONS, INC. (SI) filed its fiscal year 2025 10-K annual report with the SEC on Mar 10, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Medical technology company focused exclusively on shoulder surgical care with integrated ecosystem including implants, AI-based preoperative planning, and specialized support
  • New product launches in 2025-2026: InSet 70 humeral stem, metal sensitivity implants (FDA cleared Jan 2026), and development of a shoulder-specific robotics platform integrating with ProVoyance
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Risk Factors

  • Regulatory risk: CMS added total shoulder arthroplasty to ASC covered procedures list effective Jan 1, 2024, impacting Medicare reimbursement and ASC demand
  • Geopolitical/macro risk: No specific geopolitical risk disclosed; next material: seasonality with Q3 demand decline due to summer lifestyle impact
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Financial Summary
XBRL

Revenue

$47M

Net Income

-$40M

Gross Margin

76.5%

Operating Margin

-55.6%

Net Margin

-85.3%

ROE

-28.7%

Total Assets

$170M

EPS (Diluted)

$-4.65

Operating Cash Flow

-$29M

Source: XBRL data from SHOULDER INNOVATIONS, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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