Vericel Income 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	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 Revenue	324.17	276.26	237.22	197.52	163.7	153.08
Other Revenue	-	-	-	-	0.67	3.11
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%
Cost of Revenue	82.77	70.66	65.12	61.94	54.58	50.16
Gross Profit	241.41	205.6	172.11	135.58	109.79	106.03
Selling, General & Admin	184.7	166.99	142.79	121	106.9	97.59
Research & Development	29.74	27.56	24.8	21.04	19.94	16.29
Operating Expenses	214.44	194.56	167.59	142.04	126.85	113.88
Operating Income	26.97	11.04	4.52	-6.46	-17.06	-7.85
Interest Expense	-0.64	-0.63	-0.61	-0.6	-0.37	-0
Interest & Investment Income	7.84	7.01	6.41	4.63	1.34	0.22
Other Non Operating Income (Expenses)	-0	-0.04	0.2	0.06	0.1	0.05
EBT Excluding Unusual Items	34.17	17.38	10.51	-2.37	-15.99	-7.58
Pretax Income	34.17	17.38	10.51	-2.37	-15.99	-7.58
Income Tax Expense	0.86	0.86	0.15	0.81	0.72	-0.11
Net Income	33.31	16.52	10.36	-3.18	-16.71	-7.47
Net Income to Common	33.31	16.52	10.36	-3.18	-16.71	-7.47
Net Income Growth	154.61%	59.41%	-	-	-	-
Shares Outstanding (Basic)	51	50	49	48	47	46
Shares Outstanding (Diluted)	54	52	52	48	47	46
Shares Change	1.72%	0.91%	8.59%	0.98%	1.42%	-1.71%
EPS (Basic)	0.65	0.33	0.21	-0.07	-0.35	-0.16
EPS (Diluted)	0.62	0.32	0.20	-0.07	-0.35	-0.16
EPS Growth	150.13%	60.00%	-	-	-	-

Additional Metrics

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
Free Cash Flow	57.89	24.75	-5.81	15.3	10.09	21.13
Free Cash Flow Per Share	1.08	0.47	-0.11	0.32	0.21	0.46
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%
Profit Margin	10.27%	5.98%	4.37%	-1.61%	-10.17%	-4.78%
Free Cash Flow Margin	17.86%	8.96%	-2.45%	7.75%	6.14%	13.53%
EBITDA	40.57	22.59	10.02	-1.83	-13.08	-4.89
EBITDA Margin	12.52%	8.18%	4.23%	-0.93%	-7.96%	-3.13%
D&A For EBITDA	13.6	11.54	5.5	4.63	3.98	2.97
EBIT	26.97	11.04	4.52	-6.46	-17.06	-7.85
EBIT Margin	8.32%	4.00%	1.91%	-3.27%	-10.38%	-5.03%
Effective Tax Rate	2.51%	4.94%	1.41%	-	-	-
Revenue as Reported	324.17	276.26	237.22	197.52	164.37	156.18

SEC Filings: 10-K · 10-Q