Shoulder Innovations, Inc. (SI)

SI Balance Sheet

Assets, liabilities, and equity analysis

SI Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	145.776M	145.776M	157.165M	166.610M	68.911M	49.610M	35.125M	—	—
Cash & Cash Equivalents	11.492M	11.492M	26.871M	54.934M	27.054M	6.370M	6.123M	—	—
Short-Term Investments	97.046M	97.046M	78K	82.354M	12.581M	21.194M	8.921M	—	—
Cash & Short-Term Investments	108.538M	108.538M	78K	137.288M	39.635M	27.564M	15.044M	—	—
Accounts Receivable	10.546M	10.546M	8.268M	7.079M	6.886M	6.581M	5.122M	—	—
Inventory	21.829M	21.829M	0.00	19.358M	17.081M	13.103M	13.955M	—	-467K
Total Assets	160.361M	160.361M	169.907M	177.762M	77.829M	57.524M	43.080M	—	—
Property, Plant & Equipment	14.560M	14.560M	12.642M	10.977M	8.668M	7.589M	7.555M	—	—
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—
Intangible Assets	25K	25K	100K	175K	250K	325K	400K	—	—
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—
Total Current Liabilities	12.340M	12.340M	-7.772M	15.019M	12.494M	6.988M	7.647M	—	—
Accounts Payable	5.924M	5.924M	0.00	0.00	6.042M	2.546M	4.860M	—	—
Short-Term Debt	50K	50K	62K	70K	82K	48K	47K	—	—
Total Liabilities	15.004M	15.004M	14.962M	14.911M	29.329M	22.691M	23.300M	—	—
Long-Term Debt	14.961M	14.961M	14.962M	14.848M	14.784M	14.721M	14.658M	—	—
Total Debt	15.011M	15.011M	15.024M	14.918M	14.866M	14.769M	14.730M	—	—
Net Debt (Cash)	3.519M	3.519M	-11.847M	-40.016M	-12.188M	8.399M	8.607M	—	—
Total Shareholders' Equity	133.017M	133.017M	154.945M	162.851M	48.500M	34.833M	19.780M	—	—
Common Stock	21K	21K	20.603B	0.00	1K	1K	1K	—	—
Retained Earnings	-105.779M	-105.779M	0.00	0.00	-80.899M	-61.703M	-57.041M	—	—
Current Ratio	11.81	11.81	-20.22	11.09	5.52	7.10	4.59	—	—
Debt to Equity Ratio	0.11	0.11	0.10	0.09	0.31	0.42	0.74	—	—

SI Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023
Total Current Assets	157.165M	35.125M	47.848M
Cash & Cash Equivalents	26.871M	6.123M	6.236M
Short-Term Investments	78K	8.921M	26.577M
Cash & Short-Term Investments	124.305M	15.044M	32.813M
Accounts Receivable	8.268M	5.122M	4.693M
Inventory	21.591M	13.955M	9.923M
Total Assets	169.907M	43.080M	54.294M
Property, Plant & Equipment	12.642M	7.555M	5.746M
Goodwill	0.00	0.00	0.00
Intangible Assets	100K	400K	700K
Long-Term Investments	0.00	0.00	0.00
Total Current Liabilities	-7.772M	7.647M	4.283M
Accounts Payable	0.00	4.860M	1.959M
Short-Term Debt	62K	47K	43K
Total Liabilities	14.962M	97.775M	94.031M
Long-Term Debt	14.962M	14.658M	14.351M
Total Debt	15.024M	14.730M	14.465M
Net Debt (Cash)	-11.847M	8.607M	8.229M
Total Shareholders' Equity	154.945M	19.780M	34.738M
Common Stock	20.603B	1K	1K
Retained Earnings	0.00	-57.041M	-41.422M
Current Ratio	-20.22	4.59	11.17
Debt to Equity Ratio	0.10	0.74	0.42

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Shoulder Innovations, Inc.

Shoulder Innovations, Inc. is a medical technology firm that engineers and produces sophisticated devices. The company is particularly recognized for designing an innovative shoulder replacement system. Co-founded in 2009 by Stephen B. Gunther and Michael DeVries, its main corporate office is situated in Grand Rapids, Michigan.

La Jolla, CA

300 employees

www.shoulderinnovations.com

Healthcare / Medical - Specialties

Sector: Healthcare
Industry: Medical - Specialties
CEO: Alan J. Lane

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