Filing Flows › Shoulder Innovations (SI) › Q2 2026
Shoulder Innovations (SI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Shoulder Innovations (SI) reported revenue of $17.2M for the second quarter 2026 (Q2 2026), +56% from a year earlier and +3% from the quarter before. Operating margin was -58.4%, net loss $10.2M (59.1% of revenue).
Shoulder Innovations, Q2 2026: revenue $17.2M (+56% year over year), operating margin -58.4%, net loss $10.2M, operating cash flow −$7.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.2M | +3% | +56% |
| Operating profit | −$10.0M | — | — |
| Net earnings | −$10.2M | — | — |
| Operating cash flow | −$7.4M | — | — |
What changed
Revenue was $17.2M in Q2 2026, up 56% year over year and up 3% from the previous quarter.
Gross margin was 78.3%, up 2.0 points from Q2 2025. Operating costs exceeded revenue by $10.0M, an operating margin of -58.4%. Operating expenses grew 65% against revenue growth of 56%. The fastest-growing cost line was Research & development (+141%). The quarter ended with a net loss of $10.2M, wider than the previous quarter's $8.4M loss.
Operating cash flow was −$7.4M. Non-cash charges added back $1.1M of depreciation and $1.1M of share-based compensation. Working capital and other items added $572K. Capital expenditures of $2.2M exceeded it, leaving free cash flow of −$9.5M.
Questions
What was Shoulder Innovations' revenue in the second quarter 2026?
Shoulder Innovations (SI) reported revenue of $17.2M for the second quarter 2026 (Q2 2026), +56% from a year earlier and +3% from the quarter before.
Was Shoulder Innovations profitable in the second quarter 2026?
Operating loss was $10.0M (-58.4% of revenue) and net loss $10.2M.