SHOULDER INNOVATIONS, INC.
Shoulder Innovations, Inc. (NYSE: SHLD) is a commercial-stage medical technology company exclusively focused on transforming shoulder surgical care through advanced implant systems and enabling technologies. The company develops and commercializes a comprehensive ecosystem designed to address clinical and operational… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What SHOULDER INNOVATIONS, INC. does
In the company’s own words
Shoulder Innovations, Inc. (NYSE: SHLD) is a commercial-stage medical technology company exclusively focused on transforming shoulder surgical care through advanced implant systems and enabling technologies. The company develops and commercializes a comprehensive ecosystem designed to address clinical and operational challenges in shoulder arthroplasty procedures, which represent the company's primary addressable market.
The company's core product portfolio includes advanced implant systems for both anatomic total shoulder arthroplasty (aTSA) and reverse total shoulder arthroplasty (rTSA) procedures, featuring proprietary InSet Glenoid and humeral stem technologies. These systems are complemented by ProVoyance, an FDA-cleared preoperative planning technology that integrates artificial intelligence and machine learning to transform CT imaging into three-dimensional patient-specific renderings. The company also offers an efficient two-tray instrument system designed to streamline surgical workflows and reduce operating room complexity compared to traditional six to nine-tray systems.
Shoulder Innovations operates through a specialized commercial organization comprising dedicated shoulder specialists, a Customer Experience and Medical Education team, and a network of independent distributors. As of December 31, 2025, the company employed 45 shoulder specialists with over 750 years of combined direct selling and clinical education experience. The company's commercial strategy targets approximately 1,800 high-volume shoulder surgeons in the United States who perform the majority of procedures.
The company estimates the United States shoulder arthroplasty market at approximately 250,000 procedures annually, representing a $1.7 billion market opportunity, with expected growth of approximately 11 percent annually through 2029. The international shoulder arthroplasty market is estimated at approximately $1.0 billion annually, bringing the total addressable global market to approximately $2.7 billion. Since its initial commercial launch in 2016, the company's implants have been utilized in more than 17,500 procedures.
The company's ecosystem is supported by substantial clinical evidence, including published studies demonstrating improved patient outcomes, implant durability, and reduced revision rates. Shoulder Innovations maintains a robust pipeline of technologies in development, including fracture-specific systems, revision solutions, metal-sensitive implants, and a robotics platform designed to enhance surgical precision and workflow efficiency. The company's website is www.shoulderinnovations.com.
Company details
- Sector
- Healthcare
- Industry
- Surgical & Medical Instruments
- Headquarters
- GRAND RAPIDS, MI
- Fiscal year end
- December
- CIK
- 1699350
- SIC
- 3841
Financial performance, year by year
Fiscal 2025–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns SHOULDER INNOVATIONS, INC. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · SHOULDER INNOVATIONS, INC.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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