Vericel Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $276.3M | $237.2M | $197.5M | $163.7M | $153.1M |
| Cost of revenue | $70.7M | $65.1M | $61.9M | $54.6M | $50.2M |
| Gross profit | $205.6M | $172.1M | $135.6M | $109.8M | $106.0M |
| Selling, general & administrative | $167.0M | $142.8M | $121.0M | $106.9M | $97.6M |
| Research and development | $27.6M | $24.8M | $21.0M | $19.9M | $16.3M |
| Operating expenses | $194.6M | $167.6M | $142.0M | $126.8M | $113.9M |
| Operating income | $11.0M | $4.5M | -$6.5M | -$17.1M | -$7.9M |
| Interest expense | $630,000 | $614,000 | $600,000 | $366,000 | $4,000 |
| Pretax income | $17.4M | $10.5M | -$2.4M | -$16.0M | -$7.6M |
| Income tax expense | $859,000 | $148,000 | $814,000 | $721,000 | -$111,000 |
| Net income | $16.5M | $10.4M | -$3.2M | -$16.7M | -$7.5M |
| Balance Sheet | |||||
| Cash and equivalents | $100.1M | $74.5M | $69.1M | $51.1M | $68.3M |
| Current assets | $247.4M | $212.8M | $205.6M | $186.9M | $158.5M |
| Total assets | $488.0M | $432.7M | $353.7M | $273.0M | $243.7M |
| Current liabilities | $49.1M | $50.3M | $45.7M | $37.5M | $26.1M |
| Total liabilities | $133.3M | $140.8M | $127.7M | $80.7M | $73.2M |
| Stockholders' equity | $354.6M | $292.0M | $226.0M | $192.3M | $170.5M |
| Cash Flow Statement | |||||
| Cash from operations | $51.9M | $58.2M | $35.3M | $17.7M | $29.0M |
| Depreciation and amortization | $11.5M | $5.5M | $4.6M | $4.0M | $3.0M |
| Stock-based compensation | $38.8M | $36.5M | $32.3M | $37.2M | $34.3M |
| Capital expenditure | $27.2M | $64.0M | $20.0M | $7.6M | $7.9M |
| Free cash flow | $24.7M | -$5.8M | $15.3M | $10.1M | $21.1M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 51.1M · Free float 87.7%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.