VCEL
Vericel Corp Ord
NASDAQ: VCEL · HEALTHCARE · BIOTECHNOLOGY
$33.43
-6.23% today
Updated 2026-04-29
Market cap
$1.82B
P/E ratio
111.41
P/S ratio
6.57x
EPS (TTM)
$0.32
Dividend yield
—
52W range
$29 – $46
Volume
0.6M
Vericel Corp Ord (VCEL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $863000.00 | $685000.00 | $522000.00 | $182000.00 | $89000.00 | $18000.00 | $21000.00 | $19000.00 | $28.80M | $51.17M | $54.38M | $63.92M | $90.86M | $117.85M | $124.18M | $156.18M | $164.37M | $197.52M | $237.22M | $276.26M |
| Revenue growth (YoY) | — | -20.6% | -23.8% | -65.1% | -51.1% | -79.8% | +16.7% | -9.5% | +151457.9% | +77.7% | +6.3% | +17.5% | +42.1% | +29.7% | +5.4% | +25.8% | +5.2% | +20.2% | +20.1% | +16.5% |
| Cost of revenue | $11000.00 | $29000.00 | $56000.00 | $112000.00 | $34000.00 | $4000.00 | $6000.00 | $4000.00 | $17.29M | $26.47M | $28.31M | $30.35M | $32.16M | $37.57M | $39.95M | $50.16M | $54.58M | $61.94M | $65.12M | $70.66M |
| Gross profit | $852000.00 | $656000.00 | $466000.00 | $70000.00 | $55000.00 | $14000.00 | $15000.00 | $15000.00 | $11.50M | $24.70M | $26.08M | $33.57M | $58.70M | $80.28M | $84.23M | $106.03M | $109.79M | $135.58M | $172.11M | $205.60M |
| Gross margin | 98.7% | 95.8% | 89.3% | 38.5% | 61.8% | 77.8% | 71.4% | 78.9% | 39.9% | 48.3% | 47.9% | 52.5% | 64.6% | 68.1% | 67.8% | 67.9% | 66.8% | 68.6% | 72.6% | 74.4% |
| R&D | $9.48M | $11.44M | $15.25M | $11.29M | $12.66M | $21.33M | $26.02M | $15.10M | $21.26M | $18.89M | $15.29M | $12.94M | $13.60M | $30.39M | $13.02M | $16.29M | $19.94M | $21.04M | $24.80M | $27.56M |
| SG&A | $9.10M | $8.68M | $6.44M | $4.95M | $5.20M | $7.72M | $7.75M | $5.88M | $13.77M | $22.48M | $27.39M | $35.61M | $49.01M | $61.14M | $68.84M | $97.59M | $106.90M | $117.04M | $142.79M | $166.99M |
| Operating income | $-17.73M | $-19.47M | $-21.22M | $-16.17M | $-17.80M | $-29.04M | $-33.76M | $-20.96M | $-23.53M | $-16.67M | $-19.25M | $-14.98M | $-3.91M | $-11.25M | $2.37M | $-7.85M | $-17.06M | $-6.46M | $4.52M | $11.04M |
| Operating margin | -2054.8% | -2842.2% | -4064.9% | -8884.1% | -20004.5% | -161333.3% | -160761.9% | -110336.8% | -81.7% | -32.6% | -35.4% | -23.4% | -4.3% | -9.5% | 1.9% | -5.0% | -10.4% | -3.3% | 1.9% | 4.0% |
| EBITDA | $-19.47M | $-19.52M | $-15.46M | $-17.80M | $-30.15M | $-19.01M | $-28.81M | $-15.12M | $-19.16M | $-14.74M | $-17.37M | $-14.57M | $-4.98M | $-7.91M | $5.43M | $-4.61M | $-11.64M | $2.86M | $16.63M | $30.29M |
| EBITDA margin | -2256.0% | -2849.1% | -2962.6% | -9782.4% | -33874.2% | -105616.7% | -137204.8% | -79589.5% | -66.5% | -28.8% | -31.9% | -22.8% | -5.5% | -6.7% | 4.4% | -3.0% | -7.1% | 1.5% | 7.0% | 11.0% |
| EBIT | $-19.66M | $-19.47M | $-15.82M | $-18.51M | $-30.74M | $-19.66M | $-29.46M | $-15.61M | $-19.91M | $-16.33M | $-19.25M | $-16.18M | $-6.41M | $-9.66M | $3.05M | $-7.58M | $-15.62M | $-1.77M | $11.12M | $18.93M |
| Interest expense | $0.00 | $84000.00 | $73000.00 | $73000.00 | $40000.00 | $10000.00 | $12000.00 | $11000.00 | $6000.00 | $9000.00 | $314000.00 | $1.11M | $1.73M | $8000.00 | $6000.00 | $4000.00 | $366000.00 | $600000.00 | $614000.00 | $1.56M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-16.48M | $-17.59M | $-20.13M | $-15.95M | $-17.73M | $-19.67M | $-29.47M | $-15.62M | $-19.92M | $-16.34M | $-19.57M | $-17.29M | $-8.14M | $-9.66M | $2.86M | $-7.47M | $-16.71M | $-3.18M | $10.36M | $16.52M |
| Net income growth (YoY) | — | -6.8% | -14.4% | +20.8% | -11.2% | -10.9% | -49.9% | +47.0% | -27.5% | +18.0% | -19.7% | +11.7% | +52.9% | -18.8% | +129.6% | -360.9% | -123.7% | +81.0% | +425.6% | +59.4% |
| Profit margin | -1909.0% | -2568.5% | -3856.9% | -8761.5% | -19920.2% | -109266.7% | -140352.4% | -82221.1% | -69.2% | -31.9% | -36.0% | -27.0% | -9.0% | -8.2% | 2.3% | -4.8% | -10.2% | -1.6% | 4.4% | 6.0% |