SI SHOULDER INNOVATIONS, INC.

Q3 2025 10-Q
Filed: Nov 12, 2025Period ending Sep 30, 2025
Health Care
Surgical & Medical Instruments & ApparatusSEC EDGAR

SHOULDER INNOVATIONS, INC. (SI) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 12, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

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
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Quarterly Financial Summary
XBRL

Revenue

$12M

-44.4% QoQ

Net Income

-$9M

+63.4% QoQ

Gross Margin

76.2%

-31bp QoQ

Operating Margin

-65.0%

-1697bp QoQ

Net Margin

-74.3%

+3858bp QoQ

ROE

-5.9%

Total Assets

$178M

EPS (Diluted)

$225.13

+197.0% QoQ

Operating Cash Flow

-$9M

+24.1% QoQ

Source: XBRL data from SHOULDER INNOVATIONS, INC. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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