Vericel Corp (VCEL) financials
Vericel revenue and earnings by year
Vericel's revenue was $276 million in the fiscal year to December 31, 2025, up 16.5% from the year before. Net income was $16.5 million, 6.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 19.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 276 | 237 | 198 | 164 | 156 | 124 | 118 | 91 | 64 | 54 |
| Revenue growth | 16.5% | 20.1% | 20.2% | 5.2% | 25.8% | 5.4% | 29.7% | 42.1% | 17.5% | — |
| Gross profit | 206 | 172 | 136 | 110 | 106 | 84 | 80 | 59 | 34 | 26 |
| 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 | 5 | -6 | -17 | -8 | 2 | -11 | -4 | -15 | -19 |
| Operating margin | 4.0% | 1.9% | -3.3% | -10.4% | -5.0% | 1.9% | -9.5% | -4.3% | -23.4% | -35.4% |
| Net income | 17 | 10 | -3 | -17 | -7 | 3 | -10 | -8 | -17 | -20 |
| Net margin | 6.0% | 4.4% | -1.6% | -10.2% | -4.8% | 2.3% | -8.2% | -9.0% | -27.0% | -36.0% |
| Diluted EPS | $0.32 | $0.20 | -$0.07 | -$0.35 | -$0.16 | $0.05 | -$0.25 | -$0.24 | -$0.52 | — |
| Free cash flow | 25 | -6 | 15 | 10 | 21 | 15 | -10 | -3 | -15 | -21 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open VCEL in Markets.
See also: VCEL valuation and P/E history · VCEL returns
No forecast, no recommendation. This page describes Vericel Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.