Shoulder INNOVATIONS, Inc. (SI) intrinsic value & 10-year financials
Shoulder INNOVATIONS, Inc. (SI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 3 fiscal years revenue grew 49.6% a year to $47.3M, with an average return on invested capital of -15.9%.
- Graham intrinsic value
- —
- Share price (Oct 16, 2026)
- $18.09
- Market cap
- $156.9M
- Revenue (FY2025)
- $47.3M
- Revenue growth (3-yr CAGR)
- 49.6%
- ROIC (10-yr avg)
- -15.9%
- Free cash flow (FY2025)
- -$36.0M
SI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $47.3M | -$40.4M | -$4.65 | -$36.0M | -55.6% | -63.7% |
| FY2024 | $31.6M | -$15.6M | -$1.81 | -$18.2M | -46.3% | 31.7% |
| FY2023 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SHOULDER INNOVATIONS, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
SHOULDER INNOVATIONS, INC. has historically struggled to out-earn its cost of capital, averaging just -16.0% ROIC.
SHOULDER INNOVATIONS, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, SHOULDER INNOVATIONS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-154.45 per share.