Vericel Corporation (VCEL)

NASDAQ: VCEL · Real-Time Price · USD

40.02

-0.45 (-1.11%)

Sep 4, 2026, 2:31 PM EDT - Market open

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	Jun '26 Jun 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	306.3	276.26	237.22	197.52	164.37	156.18
Revenue Growth	22.95%	16.46%	20.10%	20.17%	5.24%	25.77%
Gross Profit	228.38	205.6	172.11	135.58	109.79	106.03
Operating Income	18.24	11.04	4.52	-6.46	-17.06	-7.85
Net Income	24.22	16.52	10.36	-3.18	-16.71	-7.47
Earnings Per Share	0.47	0.32	0.20	-0.07	-0.35	-0.16
EPS Growth	251.23%	60.00%	-	-	-	-

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	162.46	137.5	116.21	109.56	119.54	103.4
Total Debt	93.13	96.89	99.54	88.04	47.61	50.18
Net Cash (Debt)	69.33	40.61	16.68	21.51	71.93	53.22
Net Cash Growth	321.56%	143.50%	-22.48%	-70.09%	35.16%	136.44%
Net Cash Per Share	1.32	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	Jun '26 Jun 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	69.67	51.91	58.16	35.31	17.69	29.04
Capital Expenditures	-8.01	-27.16	-63.97	-20.01	-7.6	-7.92
Free Cash Flow	61.66	24.75	-5.81	15.3	10.09	21.13
Free Cash Flow Growth	-	-	-	51.60%	-52.23%	41.34%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	74.56%	74.42%	72.55%	68.64%	66.80%	67.88%
Operating Margin	5.95%	4.00%	1.91%	-3.27%	-10.38%	-5.03%
Pretax Margin	8.19%	6.29%	4.43%	-1.20%	-9.73%	-4.85%
Profit Margin	7.91%	5.98%	4.37%	-1.61%	-10.17%	-4.78%
FCF Margin	20.13%	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	Sep '26 Sep 4, 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	85.32	110.25	261.56	-	-	-
Forward PE	60.82	69.12	130.21	263.43	263.43	149.71
P/FCF Ratio	33.37	73.59	-	111.09	123.26	87.09
PS Ratio	6.72	6.59	11.43	8.60	7.57	11.78