Shoulder Innovations SI
NYSE SI
$19.98 -0.01 (-0.08%)
As of: Sep 9, 2026 · 9:47 AM EDT

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

Shoulder Innovations' (SI) quarterly Operating Expenses came in at $23.5 million in Q2 2026, up 64.69% on a YoY basis from $14.3 million in Q2 2025, and up 6.9% quarter-over-quarter from $22.0 million in Q1 2026.

Analysis

Shoulder Innovations (SI) Operating Expenses (2024 - 2026) Analysis & Trends

Shoulder Innovations (SI) has reported Operating Expenses for 3 consecutive years, with $23.5 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 64.69% year-over-year to $23.5 million; the trailing twelve-month figure through Jun 2026 stood at $81.6 million (up 76.52% YoY), and the FY2025 full-year result was $62.5 million, up 60.28% from the prior year.
  • Operating Expenses rose to $23.5 million in Q2 2026 per SI's latest filing, from $22.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $23.5 million in Q2 2026 and bottomed at $9.6 million in Q3 2024.
  • Historically, Operating Expenses has averaged $15.4 million across 3 years, with a median of $14.3 million in 2025.
  • The widest YoY moves for Operating Expenses: up 89.8% in 2025, down 37.94% in 2025.
  • Over 3 years, Operating Expenses stood at $10.3 million in 2024, then surged by 89.8% to $19.6 million in 2025, then rose by 20.04% to $23.5 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $23.5 million, $22.0 million, and $19.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Abbott Laboratories 184.01 Bn 178.41 Bn 7.27 Bn 10.90 Bn
2 Intuitive Surgical 126.03 Bn 120.82 Bn 1.96 Bn 988.50 Mn
3 Medtronic 118.94 Bn 110.12 Bn 6.34 Bn 3.97 Bn
4 Stryker 105.48 Bn 102.01 Bn 4.50 Bn 2.84 Bn
5 Boston Scientific 67.55 Bn 67.01 Bn 3.85 Bn 2.67 Bn
6 Edwards Lifesciences 49.92 Bn 45.67 Bn 1.35 Bn 846.40 Mn
7 Alcon 34.13 Bn 32.68 Bn 1.68 Bn -1.63 Bn
8 Dexcom 31.90 Bn 29.95 Bn 830.00 Mn 511.70 Mn
9 Steris 21.14 Bn 20.66 Bn 684.20 Mn 398.30 Mn
10 Shoulder Innovations 414.20 Mn 315.20 Mn 13.44 Mn 23.48 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 23.48 Mn
Mar 31, 2026 21.96 Mn
Dec 31, 2025 19.56 Mn
Sep 30, 2025 16.60 Mn
Jun 30, 2025 14.26 Mn
Mar 31, 2025 12.09 Mn
Dec 31, 2024 10.30 Mn
Sep 30, 2024 9.58 Mn
Jun 30, 2024 10.33 Mn