Vericel Cash Flow 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
Net Income	21.46	16.52	10.36	-3.18	-16.71	-7.47
Depreciation & Amortization	12.13	11.54	5.5	4.63	3.98	2.97
Stock-Based Compensation	38.56	38.77	36.5	32.33	37.18	34.32
Other Adjustments	5.66	6.44	6.25	5.5	4.44	5.38
Change in Receivables	-19.48	-23.26	-3.02	-11.82	-9.1	-2.93
Changes in Inventories	-2.46	-1.23	-4.29	2.9	-2.61	-4.03
Changes in Accounts Payable	6.12	2.97	-0.29	3.05	1.44	1.49
Changes in Accrued Expenses	2.62	2.17	-0.15	1.03	2.15	2.75
Changes in Other Operating Activities	-3.95	-2.01	7.29	0.88	-3.08	-3.44
Operating Cash Flow	61.69	51.91	58.16	35.31	17.69	29.04
Operating Cash Flow Growth	7.18%	-10.75%	64.72%	99.64%	-39.09%	65.26%
Capital Expenditures	-14.21	-27.16	-63.97	-20.01	-7.6	-7.92
Purchases of Intangible Assets	-	-	-	-7.5	-	-
Purchases of Investments	-76.13	-72.37	-68.21	-55.23	-69.55	-60.02
Proceeds from Sale of Investments	57.35	55.6	53.15	79.61	40.94	64.44
Investing Cash Flow	-33	-43.94	-79.03	-3.13	-36.21	-3.5
Issuance of Common Stock	6.09	13.93	24.52	6	3.65	11.18
Net Common Stock Issued (Repurchased)	6.09	13.93	24.52	6	3.65	11.18
Other Financing Activities	-5.2	-6.86	-5.46	-2.38	-2.61	-2.01
Financing Cash Flow	0.89	7.07	19.05	3.62	1.05	9.17
Net Cash Flow	29.59	15.04	-1.82	35.8	-17.47	34.71
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%
FCF Margin	16.26%	8.96%	-2.45%	7.75%	6.14%	13.53%
Free Cash Flow Per Share	0.93	0.47	-0.11	0.32	0.21	0.45
Levered Free Cash Flow	21.71	2.8	-45.54	-10.71	-22.43	-15.64
Unlevered Free Cash Flow	15.46	-3.22	-51.45	-16.21	-23.55	-15.91

SEC Filings: 10-K · 10-Q