Shoulder Innovations, Inc. (SI) stock
Close on Nov 11, 2026Market cap $456.35MP/E –Yield –
Shoulder Innovations, Inc. grew revenue 54.9% to $64.49M over the twelve months to Sep 30, 2026. Free cash flow was -$42.69M. At the latest close the market valued the company at $456.35M.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $456.35M
- P/E ratio
- –
- Price to sales
- 7.08
- Price to book
- 3.85
- Dividend yield
- –
- Free cash flow yield
- -9.35%
Fundamentals
- Revenue
- $64.49M
- Net income
- -$33.35M
- EPS, diluted
- -$4.65
- Free cash flow
- -$42.69M
- Book value per share
- $5.68
- Diluted shares
- 21M
Trading
- Next earnings
- Mar 9, 2027 (estimated, after the close)
- Previous close
- $21.93
- Open
- $21.92
- Day's range
- $21.29 – $21.95
- Volume
- 191,037
- Average volume (20 days)
- 117,297
- Index membership
- Russell 2000 (since Sep 2025)
- 52-week range
- $10.92 – $24.59
- RSI (14 days)
- 66.9
- Volatility (1 year)
- 68.5%
- Relative volume
- 1.67×
On 1 of our idea list: Institutions accumulating
Index membership is inferred from the holdings of funds that track each index (IWM), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | SI | S&P 500 | Difference | SI per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +20.9% | -2.4% | +23.3 pts | ||
| 3 months | +11.7% | -1.2% | +12.8 pts | ||
| Year to date | +53.3% | +12.3% | +41.0 pts | ||
| 1 year | +93.0% | +12.4% | +80.5 pts | ||
| 3 years | +1653.6% | +78.8% | +1574.8 pts | +159.8% | +21.4% |
Three years at a glance
Fiscal years 2023 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Shoulder Innovations filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- Update
- Results
- Update
- Results
About Shoulder Innovations
Surgical & Medical Instruments & Apparatus
The company develops and commercializes medical technology solutions focused on shoulder surgical care. Its offerings center on advanced implant systems for anatomic and reverse total shoulder arthroplasty, featuring proprietary glenoid and humeral stem technologies designed to improve stability and joint biomechanics. Complementing its implants, the company provides AI- and machine-learning-driven preoperative planning software that converts medical scans into 3D patient models, alongside a streamlined two-tray surgical instrumentation system. It serves orthopedic surgeons, hospitals, and outpatient surgery centers, supported by specialized clinical personnel and independent distributors.
Company profile, executives and historyShoulder Innovations stock: common questions
What is Shoulder Innovations's stock price?
SI closed at $21.92 on Nov 11, 2026, down 0.05% on the day. Over the past 52 weeks it traded between $10.92 and $24.59.
What is Shoulder Innovations's market cap?
Shoulder Innovations was worth $456.35M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is SI's P/E ratio?
Shoulder Innovations lost money over fiscal 2025 (diluted EPS -$4.65), so it has no meaningful P/E ratio.
How much revenue does Shoulder Innovations make?
Shoulder Innovations reported revenue of $64.49M for the twelve months to Sep 30, 2026, up 54.9% from a year earlier.
Does Shoulder Innovations pay a dividend?
No. Shoulder Innovations has not paid a cash dividend over the last twelve months.
When does Shoulder Innovations report earnings next?
Shoulder Innovations is expected to report Q4 FY2026 results on Mar 9, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has SI stock performed over the past year?
Including dividends, SI returned +93.0% over the past year, against +12.4% for the S&P 500.
How many SI shares are sold short?
1M shares were sold short at the latest FINRA report, 5.65% of the float, or 7.7 days of average trading volume.
Who are Shoulder Innovations's competitors?
Companies most similar to Shoulder Innovations by business, industry and size include CARL, TELA, SSII, XTNT, SIBN.
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