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
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 |