Vericel Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	292.09	276.26	237.22	197.52	164.37	156.18
Revenue Growth (YoY)	22.45%	16.46%	20.10%	20.17%	5.24%	25.77%
Cost of Revenue	73.49	70.66	65.12	61.94	54.58	50.16
Gross Profit	218.59	205.6	172.11	135.58	109.79	106.03
Selling, General & Admin	174.41	166.99	142.79	121	106.9	97.59
Research & Development	28.41	27.56	24.8	21.04	19.94	16.29
Total Operating Expenses	202.82	194.56	167.59	142.04	126.85	113.88
Operating Income	15.77	11.04	4.52	-6.46	-17.06	-7.85
Interest Income	7.2	7.01	6.41	4.63	1.34	0.22
Interest Expense	-0.64	-0.63	-0.61	-0.6	-0.37	-0
Other Non-Operating Income (Expense)	-0.02	-0.04	0.2	0.06	0.1	0.05
Total Non-Operating Income (Expense)	6.55	6.33	5.99	4.1	1.07	0.27
Pretax Income	24.1	17.38	10.51	-2.37	-15.99	-7.58
Provision for Income Taxes	0.86	0.86	0.15	0.81	0.72	-0.11
Net Income	21.46	16.52	10.36	-3.18	-16.71	-7.47
Net Income to Common	21.46	16.52	10.36	-3.18	-16.71	-7.47
Net Income Growth	620.69%	59.41%	-	-	-	-
Shares Outstanding (Basic)	51	50	49	48	47	46
Shares Outstanding (Diluted)	51	52	52	48	47	46
Shares Change (YoY)	2.62%	0.91%	8.59%	0.98%	1.42%	-1.71%
EPS (Basic)	0.43	0.33	0.21	-0.07	-0.35	-0.16
EPS (Diluted)	0.42	0.32	0.20	-0.07	-0.35	-0.16
EPS Growth	1300.00%	60.00%	-	-	-	-
Shares Outstanding	51.01	50.62	49.63	47.83	47.25	46.88
Free Cash Flow	47.49	24.75	-5.81	15.3	10.09	21.13
Free Cash Flow Growth	91.88%	-	-	51.60%	-52.23%	41.34%
Free Cash Flow Per Share	0.93	0.47	-0.11	0.32	0.21	0.45
Gross Margin	74.84%	74.42%	72.55%	68.64%	66.80%	67.88%
Operating Margin	5.40%	4.00%	1.90%	-3.27%	-10.38%	-5.03%
Profit Margin	7.96%	5.98%	4.37%	-1.61%	-10.17%	-4.78%
FCF Margin	16.26%	8.96%	-2.45%	7.75%	6.14%	13.53%
EBITDA	27.9	22.59	10.02	-1.83	-13.08	-4.89
EBITDA Margin	9.55%	8.18%	4.23%	-0.93%	-7.96%	-3.13%
EBIT	15.77	11.04	4.52	-6.46	-17.06	-7.85
EBIT Margin	5.40%	4.00%	1.90%	-3.27%	-10.38%	-5.03%
Effective Tax Rate	3.56%	4.94%	1.41%	-34.38%	-4.51%	1.46%

SEC Filings: 10-K · 10-Q