SI (Shoulder Innovations) Retained Earnings: $-105.78 Mil (As of Mar. 2026)


SI Shoulder Innovations Inc SI
12 GF Score
Price $20.16
! 3 Warning Signs
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What is Shoulder Innovations Retained Earnings?

Shoulder Innovations SI -5.04% 12 Retained Earnings is $-105.78 Mil as of Mar. 2026. GuruFocus rates SI with a GF Score™ of 12/100. The stock has 3 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Shoulder Innovations's retained earnings for the quarter that ended in Mar. 2026 was $-105.78 Mil.

Shoulder Innovations's quarterly retained earnings declined from Sep. 2025 ($-89.63 Mil) to Dec. 2025 ($-97.40 Mil) and declined from Dec. 2025 ($-97.40 Mil) to Mar. 2026 ($-105.78 Mil).

Shoulder Innovations's annual retained earnings declined from Dec. 2023 ($-41.42 Mil) to Dec. 2024 ($-57.04 Mil) and declined from Dec. 2024 ($-57.04 Mil) to Dec. 2025 ($-97.40 Mil).

Shoulder Innovations  (NYSE:SI) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Shoulder Innovations Retained Earnings Historical Data

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The historical data trend for Shoulder Innovations's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shoulder Innovations Retained Earnings Chart

Shoulder Innovations Annual Data
Trend Dec23 Dec24 Dec25
Retained Earnings
-41.42 -57.04 -97.40

Shoulder Innovations Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -61.70 -80.90 -89.63 -97.40 -105.78
SI
12GF Score
Shoulder Innovations Inc SI
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Shoulder Innovations Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-105.78 Mil mean?
Shoulder Innovations (SI) has a Retained Earnings of $-105.78 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Shoulder Innovations and its competitors.
Is Shoulder Innovations' Retained Earnings too high?
Shoulder Innovations' current Retained Earnings is $-105.78 Mil. Overall, Shoulder Innovations has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Shoulder Innovations' Retained Earnings compare to MOBI and DCTH?
Shoulder Innovations' Retained Earnings of $-105.78 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Medical Devices & Instruments company?
A good Retained Earnings depends on the Medical Devices & Instruments industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Shoulder Innovations and its competitors. Shoulder Innovations's current Retained Earnings is $-105.78 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoulder Innovations stock overvalued right now?
Shoulder Innovations (SI) has a current Retained Earnings of $-105.78 Mil. The current Retained Earnings is $-105.78 Mil. Shoulder Innovations' overall GF Score™ is 12/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Shoulder Innovations (SI), the current Retained Earnings is $-105.78 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shoulder Innovations Business Description

Other Exchanges VB3:Germany
Address 1535 Steele Avenue SW, Suite B, Grand Rapids, MI, USA, 49507
Shoulder Innovations Inc is a commercial-stage medical technology company exclusively focused on transforming the shoulder surgical care market. It currently offers advanced implant systems for shoulder arthroplasty. Its products include: InSet Total Shoulder Arthroplasty; InSet Reverse Shoulder Arthroplasty; ProVoyance Shoulder Planning Software; and InSet Tray System. Geographically, the company operates in United States and are planning to expand.
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