Vericel financials
$40.61+0.92%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $276.3M | $237.2M | $197.5M | $164.4M | $156.2M | $124.2M | $117.8M | $90.9M | $63.9M | $54.4M |
| Gross profit | $205.6M | $172.1M | $135.6M | $109.8M | $106.0M | $84.2M | $80.3M | $58.7M | $33.6M | $26.1M |
| Gross margin | 74.4% | 72.6% | 68.6% | 66.8% | 67.9% | 67.8% | 68.1% | 64.6% | 52.5% | 47.9% |
| Operating income | $11.0M | $4.5M | -$6.5M | -$17.1M | -$7.9M | $2.4M | -$11.3M | -$3.9M | -$15.0M | -$19.2M |
| Net income | $16.5M | $10.4M | -$3.2M | -$16.7M | -$7.5M | $2.9M | -$9.7M | -$8.1M | -$17.3M | -$27.1M |
| Net margin | 6.0% | 4.4% | −1.6% | −10.2% | −4.8% | 2.3% | −8.2% | −9.0% | −27.0% | −49.9% |
| Diluted EPS | $0.32 | $0.20 | $-0.07 | $-0.35 | $-0.16 | $0.06 | $-0.22 | $-0.20 | $-0.52 | $-1.18 |
| EBITDA | $22.6M | $10.0M | -$1.8M | -$13.1M | -$467.0K | $9.2M | -$6.7M | -$2.5M | -$13.4M | -$14.7M |
| Operating cash flow | $51.9M | $58.2M | $35.3M | $17.7M | $29.0M | $17.6M | -$7.2M | -$412.0K | -$13.2M | -$19.9M |
| Free cash flow | $24.7M | -$5.8M | $15.3M | $10.1M | $21.1M | $14.9M | -$9.8M | -$3.1M | -$14.7M | -$21.3M |
| Diluted shares | 52.2M | 51.7M | 47.6M | 47.1M | 46.5M | 47.3M | 44.2M | 40.2M | 33.4M | 23.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $100.1M | $74.5M | $69.1M | $51.1M | $68.3M | $33.6M |
| Short-term investments | $37.4M | $41.7M | $40.5M | $68.5M | $35.1M | $42.2M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $488.0M | $432.7M | $353.7M | $273.0M | $243.7M | $205.6M |
| Total liabilities | $133.3M | $140.8M | $127.7M | $80.7M | $73.2M | $71.3M |
| Shareholders' equity | $354.6M | $292.0M | $226.0M | $192.3M | $170.5M | $134.3M |
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