---
title: "Shoulder Innovations | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 16.71 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286311037.md"
datetime: "2026-05-13T20:17:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286311037.md)
  - [en](https://longbridge.com/en/news/286311037.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286311037.md)
---

# Shoulder Innovations | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 16.71 M

Revenue: As of FY2026 Q1, the actual value is USD 16.71 M, beating the estimate of USD 14.53 M.

EPS: As of FY2026 Q1, the actual value is USD -0.41.

EBIT: As of FY2026 Q1, the actual value is USD -9.412 M.

Shoulder Innovations, Inc. announced its financial results for the first quarter ended March 31, 2026.

#### Net Revenue

Shoulder Innovations, Inc. generated net revenue of $16.7 million in the first quarter of 2026, marking a 65% increase compared to $10.1 million in the first quarter of 2025. This growth was attributed to an increase in both the number of implant systems sold and the number of customers .

#### Gross Margin

The company achieved a gross margin of 77.7% for the first quarter of 2026, an improvement from 76.9% in the first quarter of 2025 .

#### Operating Expenses

Selling, general, and administrative expenses increased by 73% to $18.2 million in the first quarter of 2026, up from $10.5 million in the first quarter of 2025. This rise was primarily due to investments in the commercial organization, higher variable selling expenses, and increased costs associated with becoming a public company . Research and development expenses saw a 137% increase, reaching $3.8 million in the first quarter of 2026, compared to $1.6 million in the first quarter of 2025. This increase was driven by investments in new product development and a milestone payment related to a robotic platform strategic partnership .

#### Operating Loss and Net Loss

The operating loss for the first quarter of 2026 was -$9.0 million, compared to a loss of -$4.3 million in the first quarter of 2025 . The net loss for the first quarter of 2026 was -$8.4 million, an increase from a net loss of -$4.7 million in the first quarter of 2025 . These increased losses were primarily due to higher operating expenses .

#### Adjusted EBITDA

Adjusted EBITDA for the first quarter of 2026 was a loss of -$7.0 million, compared to a loss of -$3.5 million in the first quarter of 2025, primarily due to increased operating expenses .

#### Cash and Cash Equivalents and Marketable Securities

As of March 31, 2026, cash and cash equivalents, and marketable securities totaled $108.5 million .

#### Operational Metrics

Shoulder Innovations, Inc. sold 2,184 total implant systems in the first quarter of 2026, representing a 51% increase over the first quarter of 2025 . The average selling price of implant systems increased by 9% to $7,650 in the first quarter of 2026 compared to the first quarter of 2025 . The company also initiated the full commercial launch of the InSet™ I-135RFX Humeral Stem and expanded its commercial organization .

#### 2026 Financial Outlook

Shoulder Innovations, Inc. has increased its net revenue guidance for the full year 2026 to a range of $65 million to $68 million. This updated guidance represents an anticipated growth of approximately 37% to 44% over full year 2025 net revenue . The previous guidance was $62 million to $65 million, which represented 31% to 37% growth over full year 2025 net revenue .

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