---
schema_version: "secwatch.filing_event.v1"
accession: "0001699350-26-000050"
form_type: "8-K"
ticker: "SI"
cik: "0001699350"
company_name: "SHOULDER INNOVATIONS, INC."
filed_at: "2026-08-06T20:12:48+00:00"
generated_at: "2026-08-06T20:17:38.965382+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Shoulder Innovations Q2 revenue $17.2M (+56% YoY); raises FY2026 guidance to $67-69M

## Summary
- Net revenue $17.2M, up 56% YoY; gross margin 78.3% vs 76.2% a year ago.
- Implant systems sold 2,238 (+50% YoY); average selling price $7,674 (+5%).
- Full year 2026 revenue guidance raised to $67-69M (prior $65-68M), ~42-46% growth.
- Net loss $10.2M vs $19.2M in Q2 2025; adjusted EBITDA loss $8.0M vs $18.1M.
- Closed two credit facilities totaling up to $50M with Stifel Venture Banking; cash $99M.

## SEC filing metadata
- accession: 0001699350-26-000050
- form_type: 8-K
- ticker: SI
- cik: 0001699350
- company_name: SHOULDER INNOVATIONS, INC.
- filed_at: 2026-08-06T20:12:48+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699350/000169935026000050/0001699350-26-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699350/000169935026000050/si-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699350-26-000050
- JSON: https://secwatch.observer/filing/0001699350-26-000050.json
- Plain text: https://secwatch.observer/filing/0001699350-26-000050.txt

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