Vericel Corporation (VCEL)

Vericel Cash Flow 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
Net Income	16.52	10.36	-3.18	-16.71	-7.47
Depreciation & Amortization	11.54	5.5	4.63	3.98	2.97
Stock-Based Compensation	38.77	36.5	32.33	37.18	34.32
Other Adjustments	6.44	6.25	5.5	4.44	5.38
Change in Receivables	-23.26	-3.02	-11.82	-9.1	-2.93
Changes in Inventories	-1.23	-4.29	2.9	-2.61	-4.03
Changes in Accounts Payable	2.97	-0.29	3.05	1.44	1.49
Changes in Accrued Expenses	2.17	-0.15	1.03	2.15	2.75
Changes in Other Operating Activities	-2.01	7.29	0.88	-3.08	-3.44
Operating Cash Flow	51.91	58.16	35.31	17.69	29.04
Operating Cash Flow Growth	-10.75%	64.72%	99.64%	-39.09%	65.26%
Capital Expenditures	-27.16	-63.97	-20.01	-7.6	-7.92
Purchases of Intangible Assets	-	-	-7.5	-	-
Purchases of Investments	-72.37	-68.21	-55.23	-69.55	-60.02
Proceeds from Sale of Investments	55.6	53.15	79.61	40.94	64.44
Investing Cash Flow	-43.94	-79.03	-3.13	-36.21	-3.5
Issuance of Common Stock	13.93	24.52	6	3.65	11.18
Net Common Stock Issued (Repurchased)	13.93	24.52	6	3.65	11.18
Other Financing Activities	-6.86	-5.46	-2.38	-2.61	-2.01
Financing Cash Flow	7.07	19.05	3.62	1.05	9.17
Net Cash Flow	15.04	-1.82	35.8	-17.47	34.71
Free Cash Flow	24.75	-5.81	15.3	10.09	21.13
Free Cash Flow Growth	-	-	51.60%	-52.23%	41.34%
FCF Margin	8.96%	-2.45%	7.75%	6.14%	13.53%
Free Cash Flow Per Share	0.47	-0.11	0.32	0.21	0.45
Levered Free Cash Flow	2.8	-45.54	-10.71	-22.43	-15.64
Unlevered Free Cash Flow	-3.22	-51.45	-16.21	-23.55	-15.91

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

SEC Filings: 10-K · 10-Q