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Vericel VCEL Q2 2025 earnings

Reported July 31, 2025 · Before market open

Revenue$63.2MMiss by $1.3M
EPS-$0.01Beat by $0.03
Revenue estimate$64.6M
EPS estimate-$0.04

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$72.7M
EPS estimate-$0.04

Financials

Q2 2025

Income statement

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Revenue$63.2M+20.1%
Gross profit$46.6M+27.4%
Operating income-$2.0M+66.4%
Net income-$553.0K+88.2%
EPS (diluted)-$0.01+90.0%

Balance sheet

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Cash & equivalents$80.5M+6.2%
Total debt$100.4M+5.1%
Total equity$306.8M+26.3%
Total assets$435.6M+15.6%

Cash flow

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Operating cash flow$8.2M-55.7%
CapEx$8.1M-51.5%
Free cash flow$81.0K

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$2.18B-2.2%
Enterprise value$2.2B-2.1%
P/E307×
P/S8.8×-1.6×

Profitability

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Gross margin73.5%+3.1pp
Operating margin0.5%
Net margin2.9%

Returns & leverage

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Return on equity2.6%
Debt / equity0.3×-0.1×
Current ratio+0.5×

Segments

By product

See full
M A C I Implants and kits$53.5M+21.1%
MACI implants, kits, and instruments$39.4M+28.4%
Epicel$8.6M+11.0%
Biopsy kits$642.0K+30.5%

Versus estimates

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Questions, answered.

When did Vericel report Q2 2025 earnings?
Vericel (VCEL) reported Q2 2025 earnings on July 31, 2025 before market open.
What were Vericel's Q2 2025 revenue and EPS?
Vericel reported revenue of $63.2M and eps of $-0.01 for Q2 2025.
Did Vericel beat estimates in Q2 2025?
Revenue missed the consensus estimate of $64.6M by $1.3M. EPS beat the consensus estimate of $-0.04 by $0.03.
How did Vericel's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.1% from $52.7M a year earlier and eps grew 90.0% from $-0.10.
Where can I find Vericel's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-036859) directly on SEC EDGAR. The filing index links above go to sec.gov.