Vericel financials
$40.61+0.92%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.5M | $68.4M | $92.9M | $67.5M | $63.2M | $52.6M | $75.4M | $57.9M | $52.7M | $51.3M | $65.0M | $45.6M |
| Gross profit | $56.4M | $49.3M | $73.1M | $49.6M | $46.6M | $36.3M | $58.5M | $41.7M | $36.6M | $35.4M | $48.5M | $30.6M |
| Gross margin | 72.8% | 72.0% | 78.7% | 73.5% | 73.7% | 69.0% | 77.6% | 71.9% | 69.5% | 68.9% | 74.6% | 67.2% |
| Operating income | $434.0K | -$8.1M | $22.4M | $3.5M | -$2.0M | -$12.8M | $18.5M | -$2.5M | -$6.0M | -$5.5M | $12.7M | -$5.1M |
| Net income | $2.2M | -$6.3M | $23.2M | $5.1M | -$553.0K | -$11.2M | $19.8M | -$901.0K | -$4.7M | -$3.9M | $13.0M | -$3.7M |
| Net margin | 2.8% | −9.2% | 25.0% | 7.5% | −0.9% | −21.4% | 26.3% | −1.6% | −8.9% | −7.5% | 20.0% | −8.0% |
| Diluted EPS | $0.04 | $-0.12 | $0.41 | $0.10 | $-0.01 | $-0.23 | $0.33 | $-0.02 | $-0.10 | $-0.08 | $0.27 | $-0.08 |
| EBITDA | $4.1M | -$4.8M | $25.5M | $6.4M | $797.0K | -$10.1M | $20.0M | -$1.1M | -$4.7M | -$4.1M | $12.7M | -$3.9M |
| Operating cash flow | $16.2M | $16.4M | $15.0M | $22.1M | $8.2M | $6.6M | $22.2M | $10.2M | $18.5M | $7.2M | $10.1M | $7.2M |
| Free cash flow | $14.3M | $15.1M | $12.8M | $19.5M | $81.0K | -$7.6M | $8.5M | -$9.2M | $1.8M | -$6.8M | $2.3M | $600.0K |
| Diluted shares | 52.3M | 50.8M | 56.4M | 51.9M | 50.4M | 49.9M | 60.8M | 49.1M | 48.7M | 48.1M | 47.8M | 47.6M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $125.4M | $109.3M | $100.1M | $100.4M | $80.5M | $73.5M |
| Short-term investments | $37.1M | $36.0M | $37.4M | $35.0M | $36.3M | $39.4M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $502.9M | $485.6M | $488.0M | $453.3M | $435.6M | $424.6M |
| Total liabilities | $132.8M | $129.4M | $133.3M | $131.4M | $128.8M | $129.1M |
| Shareholders' equity | $370.0M | $356.2M | $354.6M | $321.9M | $306.8M | $295.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology