Vericel Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	100.4	74.52	69.09	51.07	68.33	33.62
Short-Term Investments	34.98	41.69	40.47	68.47	35.07	42.19
Cash & Short-Term Investments	135.38	116.21	109.56	119.54	103.4	75.81
Cash Growth	33.07%	6.08%	-8.35%	15.61%	36.40%	8.73%
Receivables	60.43	61.38	58.36	46.54	37.44	34.5
Inventory	18.16	17.37	13.09	15.99	13.38	9.36
Restricted Cash	-	10.53	17.78	-	-	-
Other Current Assets	8.01	7.29	6.85	4.8	4.25	3.89
Total Current Assets	221.97	212.78	205.63	186.87	158.46	123.56
Property, Plant & Equipment	175.47	173.26	115.1	57.37	59.03	57.74
Long-Term Investments	49.66	39.88	25.28	19.96	25.69	24.1
Other Intangible Assets	5.78	6.25	6.88	7.5	-	-
Other Long-Term Assets	0.4	0.56	0.77	1.3	0.53	0.21
Total Assets	453.27	432.72	353.66	273	243.71	205.61
Accounts Payable	15.34	23.85	22.35	16.93	9.02	6.76
Accrued Expenses	16.29	17.07	17.22	16.19	14.05	11.29
Current Portion of Leases	13.96	9.37	6.19	4.34	2.99	4.44
Total Current Liabilities	45.58	50.29	45.75	37.46	26.05	22.48
Long-Term Leases	84.7	90.16	81.86	43.27	47.19	48.87
Other Long-Term Liabilities	1.13	0.31	0.1	-	-	-
Total Liabilities	131.42	140.76	127.71	80.73	73.24	71.35
Common Stock	721.14	684.78	629.23	593.25	553.9	510.06
Retained Earnings	-399.54	-392.82	-403.18	-400	-383.29	-375.82
Comprehensive Income & Other	0.26	0	-0.1	-0.98	-0.15	0.01
Total Common Equity	321.86	291.97	225.95	192.27	170.46	134.26
Shareholders' Equity	321.86	291.97	225.95	192.27	170.46	134.26
Total Liabilities & Equity	453.27	432.72	353.66	273	243.71	205.61
Total Debt	98.67	99.54	88.04	47.61	50.18	53.3
Net Cash (Debt)	36.72	16.68	21.51	71.93	53.22	22.51
Net Cash Growth	759.63%	-22.48%	-70.09%	35.16%	136.44%	-46.24%
Net Cash Per Share	0.69	0.32	0.45	1.53	1.15	0.48
Filing Date Shares Outstanding	50.57	49.97	48.29	47.36	46.97	45.95
Total Common Shares Outstanding	50.55	49.63	47.83	47.25	46.88	45.8
Working Capital	176.39	162.49	159.88	149.4	132.41	101.08
Book Value Per Share	6.37	5.88	4.72	4.07	3.64	2.93
Tangible Book Value	316.08	285.72	219.08	184.77	170.46	134.26
Tangible Book Value Per Share	6.25	5.76	4.58	3.91	3.64	2.93
Machinery	37.91	29.59	16.41	14.98	13.84	11.33
Construction In Progress	23.8	22.48	32.53	5.44	3.1	2.02
Leasehold Improvements	76.39	77.99	14.9	13.69	10.62	5.56

Source: S&P Global Market Intelligence. Standard template. Financial Sources.