SHOULDER INNOVATIONS, INC.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
SI$21.93+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | |
| Net revenue | $16,191 | $11,756 | $50,074 | $32,901 |
| Cost of goods sold | 3,486 | 2,795 | 10,942 | 7,756 |
| Gross profit | 12,705 | 8,961 | 39,132 | 25,145 |
| Selling, general and administrative expenses (includes $519, $1,066, $2,620 and $2,802 to related parties, respectively) | 17,137 | 15,077 | 55,431 | 38,428 |
| Research and development expenses (includes $2,651, $1,145, $8,361 and $3,440 to related parties, respectively) | 3,165 | 1,525 | 10,310 | 4,514 |
| Operating loss | (7,597) | (7,641) | (26,609) | (17,797) |
| Other (income) expense | ||||
| Interest (income) expense, net | (574) | 78 | (1,683) | 661 |
| Change in fair value of convertible notes, net | — | 2,217 | — | 2,217 |
| Change in fair value of Series E purchase option | — | — | — | 11,719 |
| Loss on extinguishment of debt | — | — | 589 | — |
| Other (income) expense, net | 25 | (1,207) | 65 | 193 |
| Total other (income) expense | (549) | 1,088 | (1,029) | 14,790 |
| Loss before income tax expense | (7,048) | (8,729) | (25,580) | (32,587) |
| Income tax expense | — | — | — | — |
| Net loss | $(7,048) | $(8,729) | $(25,580) | $(32,587) |
| Other comprehensive loss, net | ||||
| Unrealized loss on marketable securities | (17) | (43) | (238) | (158) |
| Total other comprehensive loss, net | (17) | (43) | (238) | (158) |
| Comprehensive loss | $(7,065) | $(8,772) | $(25,818) | $(32,745) |
| Net loss per share attributed to common stock – basic and diluted | ||||
| Net loss per share | $(0.34) | $(0.64) | $(1.23) | $(7.00) |
| Weighted average shares outstanding | ||||
| Weighted average common shares outstanding – basic and diluted | 20,844,461 | 13,604,556 | 20,745,098 | 4,652,825 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.