Shoulder Innovations (SI) Operating Expenses (2024 - 2026)

Shoulder Innovations has reported Operating Expenses for 3 years, with the latest figure at $22.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 81.73% year-over-year to $22.0 million; the trailing twelve-month figure through Mar 2026 stood at $72.4 million (up 71.08% YoY), and the FY2025 full-year result was $62.5 million, up 60.28% from the prior year.
• Operating Expenses for Q1 2026 stood at $22.0 million, up from $19.6 million in the prior quarter.
• The five-year high for Operating Expenses was $22.0 million in Q1 2026, with the low at $9.6 million in Q3 2024.
• Historically, Operating Expenses has averaged $14.3 million across 3 years, with a median of $13.2 million in 2025.
• The largest YoY upside for Operating Expenses was 89.8% in 2025 against a maximum downside of 37.94% in 2025.
• Shoulder Innovations' Operating Expenses stood at $10.3 million in 2024, then soared by 89.8% to $19.6 million in 2025, then climbed by 12.3% to $22.0 million in 2026.
• The last three Operating Expenses figures came in at $22.0 million (Q1 2026), $19.6 million (Q4 2025), and $16.6 million (Q3 2025), per Business Quant data.