Vericel Corporation (VCEL)

NASDAQ: VCEL · Real-Time Price · USD

54.62

+2.84 (5.48%)

At close: Nov 6, 2026, 4:00 PM EST

56.32

+1.70 (3.11%)

After-hours: Nov 6, 2026, 7:30 PM EST

Vericel Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	324.17	276.26	237.22	197.52	164.37	156.18
Revenue Growth	25.30%	16.46%	20.10%	20.17%	5.24%	25.77%
Gross Profit	241.41	205.6	172.11	135.58	109.79	106.03
Operating Income	26.97	11.04	4.52	-6.46	-17.06	-7.85
Net Income	33.31	16.52	10.36	-3.18	-16.71	-7.47
Earnings Per Share	0.62	0.32	0.20	-0.07	-0.35	-0.16
EPS Growth	150.13%	60.00%	-	-	-	-

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Cash & Investments	170.27	137.5	116.21	109.56	119.54	103.4
Total Debt	91.15	96.89	99.54	88.04	47.61	50.18
Net Cash (Debt)	79.12	40.61	16.68	21.51	71.93	53.22
Net Cash Growth	115.50%	143.50%	-22.48%	-70.09%	35.16%	136.44%
Net Cash Per Share	1.47	0.78	0.32	0.45	1.53	1.15

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Operating Cash Flow	65.31	51.91	58.16	35.31	17.69	29.04
Capital Expenditures	-7.42	-27.16	-63.97	-20.01	-7.6	-7.92
Free Cash Flow	57.89	24.75	-5.81	15.3	10.09	21.13
Free Cash Flow Growth	184.12%	-	-	51.60%	-52.23%	41.34%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Gross Margin	74.47%	74.42%	72.55%	68.64%	66.80%	67.88%
Operating Margin	8.32%	4.00%	1.91%	-3.27%	-10.38%	-5.03%
Pretax Margin	10.54%	6.29%	4.43%	-1.20%	-9.73%	-4.85%
Profit Margin	10.27%	5.98%	4.37%	-1.61%	-10.17%	-4.78%
FCF Margin	17.86%	8.96%	-2.45%	7.75%	6.14%	13.53%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 8, 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
PE Ratio	88.55	110.25	261.56	-	-	-
Forward PE	74.21	69.12	130.21	263.43	263.43	149.71
P/FCF Ratio	48.14	73.59	-	111.09	123.26	87.09
PS Ratio	8.60	6.59	11.43	8.60	7.57	11.78