Shoulder Innovations 2025 Q2 Earnings Wider Losses Amid Revenue Surge

Shoulder Innovations reported its fiscal 2025 Q2 earnings on September 9, 2025. The company delivered strong revenue growth but saw losses widen significantly. Management described the results as in-line with preliminary estimates, and provided updated full-year revenue guidance.

Shoulder Innovations reported a total revenue increase of 33.3% to $11.01 million in Q2 2025, compared to $8.26 million in the same period in 2024.

The company’s losses widened dramatically, with a per-share loss of $165.53 in 2025 Q2, a 127.6% increase from $72.74 in 2024 Q2. Net loss expanded to $19.20 million, up 360.1% from $4.17 million in the prior year.

Shoulder Innovations’s stock has experienced mixed short-term performance. During the latest trading day, the shares fell 4.46%, while the week-long decline reached 6.49%. However, the stock has gained 23.19% month-to-date.

Following the earnings release, the company reiterated its optimism, emphasizing 33% revenue growth and 34% growth in implant system sales. CEO Rob Ball highlighted the momentum in business, including near 50% year-over-year growth in surgeon customers, and noted the successful execution of recent financing efforts. Ball stated that the company is well-positioned to scale its operations and continue transforming shoulder arthroplasty.

Shoulder Innovations provided updated revenue guidance for 2025, forecasting between $42 million and $44 million, which would represent 33% to 39% growth compared to 2024. The company indicated no further adjustments for other financial metrics at this time.

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