SHOULDER INNOVATIONS, INC.
Income Statement
| Line Item | FY2025 | FY2024 |
|---|---|---|
| Revenue | $47.3M | $31.6M |
| Cost of Revenue | $11.1M | $7.3M |
| Gross Profit | $36.2M | $24.3M |
| Gross Margin | 76.5% | 77.0% |
| Operating Expenses | ||
| Research & Development | $7.7M | $4.5M |
| SG&A Expense | $54.8M | $34.5M |
| Operating Income | $-26.3M | $-14.7M |
| Operating Margin | -55.6% | -46.3% |
| Interest Expense | — | — |
| Pretax Income | $-40.4M | $-15.6M |
| Income Tax Expense | $0 | $0 |
| Net Income | $-40.4M | $-15.6M |
| Net Margin | -85.3% | -49.4% |
| EPS (Basic) | $-4.65 | $-1.81 |
| EPS (Diluted) | $-4.65 | $-1.81 |
| Shares Outstanding (Basic) | 8.7M | 8.6M |
| Shares Outstanding (Diluted) | 8.7M | 8.6M |
| Dividends Per Share | — | — |