10-Q quarterly report · filed May 13, 2026

SHOULDER INNOVATIONS, INC. (SI) Q1 2026 10-Q Quarterly Report

Short answer

SHOULDER INNOVATIONS, INC. (SI) filed its Q1 2026 10-Q quarterly report on May 13, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $17M with net income of −$8M.

Q1 2026 key financials · XBRL

Revenue
$17M
Net income
−$8M
Operating margin
-53.7%
Gross margin
77.7%
EPS (diluted)
−$0.41

Source: XBRL data from the SHOULDER INNOVATIONS, INC. (SI) Q1 2026 10-Q on SEC EDGAR. USD.

SHOULDER INNOVATIONS, INC. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $16.708M, up 64.9% YoY from $10.132M
  • Gross margin 77.7% vs 76.9% YoY
  • Implant systems sold 2,184 vs 1,443 YoY
  • Net loss $8.379M vs $4.662M; operating loss $8.976M vs $4.294M
  • Cash, equivalents and marketable securities $108.538M; continued expected operating losses and cash spending for scaling and R&D

Risk Factors

  • No material changes to risk factors from the 2025 Annual Report
  • IPO proceeds $64,212 thousand invested primarily in savings and money market accounts
  • Common-stock dilution risk from COO trading plan covering up to 67,500 shares through February 15, 2027
  • Market-price risk: adverse events could cause common-stock value decline or total investment loss

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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