secwatch.observer — SEC 8-K summary
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Issuer:     SHOULDER INNOVATIONS, INC. (SI)
CIK:        0001699350
Form:       8-K
Filed at:   2026-08-06T20:12:48+00:00
Accession:  0001699350-26-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699350/000169935026000050/0001699350-26-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699350/000169935026000050/si-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001699350-26-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer