Vericel Corporation (VCEL) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	306.3M	276.3M	237.2M	197.5M	164.4M
Cost of Revenue	77.9M	70.7M	65.1M	61.9M	54.6M
Gross Profit	228.4M	205.6M	172.1M	135.6M	109.8M
Operating Expenses
R&D Expense	29.2M	27.6M	24.8M	21.0M	19.9M
SG&A Expense	181.0M	167.0M	142.8M	121.0M	106.9M
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	—	—	—	—	—
Total Operating Expenses	210.1M	194.6M	167.6M	142.0M	126.8M
Cost and Expenses	288.1M	265.2M	232.7M	204.0M	181.4M
Operating Income (EBIT)	18.2M	11.0M	4.5M	(6.5M)	(17.1M)
Non-Operating
Interest Income	7.5M	7.0M	6.4M	4.6M	1.3M
Interest Expense	640.0K	1.6M	614.0K	600.0K	366.0K
Net Interest Income	6.9M	5.5M	5.8M	4.0M	975.0K
Other Non-Op Income/Expense	6.8M	6.3M	6.0M	4.1M	1.1M
Non-Operating Income (excl Interest)	(7.5M)	(7.9M)	(6.6M)	(4.7M)	(1.4M)
EBT (Pre-Tax Income)	25.1M	17.4M	10.5M	(2.4M)	(16.0M)
Income Tax Expense	859.0K	859.0K	148.0K	814.0K	721.0K
Bottom Line
Net Income	24.2M	16.5M	10.4M	(3.2M)	(16.7M)
Earnings from Cont. Ops	24.2M	16.5M	10.4M	(3.2M)	(16.7M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	24.2M	16.5M	10.4M	(3.2M)	(16.7M)
Per Share
Basic EPS	$0.48	$0.33	$0.21	($0.07)	($0.35)
Diluted EPS	$0.47	$0.32	$0.20	($0.07)	($0.35)
Revenue Per Share	$6.01	$5.46	$4.86	$4.15	$3.49
Shares
Basic Shares Outstanding	50.9M	50.6M	48.8M	47.6M	47.1M
Diluted Shares Outstanding	50.9M	52.1M	51.7M	47.6M	47.1M
Profitability Metrics
EBITDA	38.5M	30.3M	16.6M	2.9M	(11.6M)
D&A	12.7M	11.4M	5.5M	4.6M	4.0M
EBIT	25.7M	18.9M	11.1M	(1.8M)	(15.6M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026