Shoulder Innovations (SI) Operating Expenses (2024 - 2026)
Shoulder Innovations' Operating Expenses came in at $23.48 million for Q2 2026, up 64.7% from $14.26 million a year earlier and up 6.9% from the prior quarter.
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Analysis
Shoulder Innovations (SI) Operating Expenses (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Shoulder Innovations reported Operating Expenses of $81.6 million, up 76.5% year-over-year; for FY2025, it came in at $62.5 million, up 60.3% from FY2024.
- Going back by year, Operating Expenses was $38.99 million in FY2024.
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q2 2024.
- Year-over-year, Operating Expenses has increased for five consecutive quarters, with growth averaging 69.5% over the last five quarters.
- Business Quant data shows SI's Operating Expenses at $21.96 million (Q1 2026), $19.56 million (Q4 2025) and $16.6 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 9.91 Bn |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 10.90 Bn |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 2.48 Bn |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 988.50 Mn |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 4.06 Bn |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 2.84 Bn |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 2.67 Bn |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 840.10 Mn |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 4.32 Bn |
| 10 | Shoulder Innovations | 392.92 Mn | -76.20 Mn | 13.44 Mn | 23.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Shoulder Innovations Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();