Short answer
SHOULDER INNOVATIONS, INC. (SI) filed its Q3 2025 10-Q quarterly report on Nov 12, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $12M with net income of −$9M.
Q3 2025 key financials · XBRL
- Revenue
- $12M
- −44.4% QoQ
- Net income
- −$9M
- +63.4% QoQ
- Operating margin
- -65.0%
- Gross margin
- 76.2%
- EPS (diluted)
- $225.13
- +197.0% QoQ
Source: XBRL data from the SHOULDER INNOVATIONS, INC. (SI) Q3 2025 10-Q on SEC EDGAR. USD.
SHOULDER INNOVATIONS, INC. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New debt amendment risk: Second amendment to Trinity Loan Agreement in July 2025 raises covenant breach default risk on $15M principal
- Updated financial risk: Net loss $32.6M for nine months ended Sept 30, 2025 vs $11.8M prior year, reflecting higher operating expenses and investment
- Regulatory/legal risk: Trinity Loan covenants restrict mergers, acquisitions, and asset dispositions, limiting strategic flexibility and risking default consequences
- Operational/market risk: Growth management challenges include supplier quality, inventory, skilled hiring, and distributor relationships could delay product availability
- Financial liquidity risk: Interest payments under Trinity Loan divert cash resources; failure to comply with covenants could trigger immediate debt repayment and collateral foreclosure
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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