Shoulder Innovations, Inc. ($SI) reported second-quarter 2026 revenue of $17.2 million, up 55.95% from a year earlier and slightly ahead of the $17.1 million estimate. Gross profit rose 60.15% to $13.4 million, showing continued top-line momentum and improved product economics.
The company remained in the red, with an operating loss of $10.0 million and net loss attributable to common shareholders of $10.2 million. Diluted earnings per share came in at -$0.49, compared with the -$0.4735 forecast.
Cash used in operating activities totaled $7.4 million, while capital spending was $2.2 million. On the balance sheet, Shoulder Innovations ended the quarter with $24.5 million in cash and cash equivalents and $27.7 million in total liabilities.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Shoulder Innovations, Inc. Insider Trading Activity
Shoulder Innovations, Inc. insiders have traded $SI stock on the open market 10 times in the past 6 months. Of those trades, 3 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $SI stock by insiders over the last 6 months:
- HEALTHCARE HOLDING B.V. GILDE has made 0 purchases and 4 sales selling 158,842 shares for an estimated $3,632,050.
- MATTHEW FRASER AHEARN (Chief Operating Officer) has made 0 purchases and 3 sales selling 20,000 shares for an estimated $374,254.
- ROBERT JOSEPH BALL (CEO & Executive Chairman) purchased 2,200 shares for an estimated $33,392
- JEFFREY S. POINTS (Chief Financial Officer) purchased 2,000 shares for an estimated $30,000
- RICHARD BUCHHOLZ purchased 1,000 shares for an estimated $14,840
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Shoulder Innovations, Inc. Hedge Fund Activity
We have seen 43 institutional investors add shares of Shoulder Innovations, Inc. stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 244,699 shares (+78.6%) to their portfolio in Q1 2026, for an estimated $3,555,476
- HIGHTOWER ADVISORS, LLC added 102,640 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,081,539
- MILLENNIUM MANAGEMENT LLC added 101,939 shares (+110.8%) to their portfolio in Q1 2026, for an estimated $1,481,173
- ROUBAIX CAPITAL, LLC added 98,305 shares (+61.9%) to their portfolio in Q1 2026, for an estimated $1,428,371
- FEDERATED HERMES, INC. removed 87,726 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,274,658
- GEODE CAPITAL MANAGEMENT, LLC added 73,376 shares (+66.5%) to their portfolio in Q1 2026, for an estimated $1,066,153
- FMR LLC removed 64,243 shares (-1.7%) from their portfolio in Q1 2026, for an estimated $933,450
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Shoulder Innovations, Inc. Price Targets
Multiple analysts have issued price targets for $SI recently. We have seen 2 analysts offer price targets for $SI in the last 6 months, with a median target of $21.5.
Here are some recent targets:
- Matt O'Brien from Piper Sandler set a target price of $19.0 on 05/08/2026
- Ryan Zimmerman from BTIG set a target price of $24.0 on 03/11/2026
