---
schema_version: "secwatch.filing_event.v1"
accession: "0001699350-26-000010"
form_type: "8-K"
ticker: "SI"
cik: "0001699350"
company_name: "SHOULDER INNOVATIONS, INC."
filed_at: "2026-03-10T23:59:59+00:00"
generated_at: "2026-05-15T16:45:32.914589+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Shoulder Innovations reports Q4 revenue $14.4M (+65%), FY2025 revenue $47.3M (+50%), guides 2026 to $62-65M

## Summary
- Net revenue Q4 $14.4M (+65% YoY); FY2025 $47.3M (+50% YoY). Gross margin 76.7% Q4, 76.5% FY.
- Net loss Q4 $7.8M, FY $40.4M; Adjusted EBITDA loss Q4 $7.0M, FY $36.1M.
- Sold 1,976 implant systems in Q4 (+62%); ended 2025 with 134 core/contender surgeons (+61%).
- FY2026 revenue guidance $62-65M (31-37% growth); cash $124.3M at Dec 31, 2025.
- Director Michael Carusi not standing for re-election; Drew Hykes appointed to Board.

## SEC filing metadata
- accession: 0001699350-26-000010
- form_type: 8-K
- ticker: SI
- cik: 0001699350
- company_name: SHOULDER INNOVATIONS, INC.
- filed_at: 2026-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699350/000169935026000010/0001699350-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699350/000169935026000010/si-20260310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699350-26-000010
- JSON: https://secwatch.observer/filing/0001699350-26-000010.json
- Plain text: https://secwatch.observer/filing/0001699350-26-000010.txt

## Key facts
- Earnings Releases
  SHOULDER INNOVATIONS, INC. updated its fourth quarter and year ended December 31, 2025 guidance (initiated).
  - Period: fourth quarter and year ended December 31, 2025
  - Guidance: initiated
  - Result: reported results
  source text: On March 10, 2026, Shoulder Innovations, Inc. (the “Company”) issued a press release announcing financial results for the fourth quarter and year ended December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699350/000169935026000010/0001699350-26-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.