Vericel Corporation (VCEL)

Vericel Income Statement

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

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

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q