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Other financials

Income statement

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Revenue$77.5M+22.5%
Gross profit$56.4M+21.0%
Operating income$434.0K+121%
Net income$2.2M+499%
EPS (diluted)$0.04+500%

Balance sheet

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Cash & equivalents$125.4M+55.7%
Total debt$93.1M-7.3%
Total equity$370.0M+20.6%
Total assets$502.9M+15.4%

Cash flow

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Operating cash flow$16.2M+97.1%
Free cash flow$14.3M+17,504%

Valuation

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Market cap$2.31B+29.1%
Enterprise value$2.28B+25.9%
P/E95.3×-156×
P/S7.5×+0.4×

Profitability

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Gross margin74.6%+1.1pp
Operating margin6%+5.5pp
Net margin7.9%+5.1pp
FCF margin20.1%

Returns & leverage

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Return on equity7.2%+4.6pp
Debt / equity0.3×-0.1×
Current ratio+0.1×

Where this comes from

Reported directly by Vericel in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Vericel’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 8:49 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050836
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Investing activities:
Purchases of investments(29,043)(28,975)
Sales and maturities of investments25,21127,150
Expenditures for property and equipment(3,189)(22,345)
Net cash used in investing activities(7,021)(24,170)
Financing activities:
Net proceeds from common stock issuance4,42111,197
Payments on employees’ behalf for taxes related to vesting of restricted stock unit awards(4,664)(6,343)

Item 1. Financial Statements (Unaudited)

FAQ

What is Vericel's capex?
Vericel (VCEL) reported capex of $1.93M in Q2 2026.
How has Vericel's capex changed year-over-year?
Vericel's capex decreased by 76.2% year-over-year, from $8.13M to $1.93M.
What is the long-term trend for Vericel's capex?
Over 4 years (2021 to 2025), Vericel's capex has grown at a 36.1% compound annual growth rate (CAGR), from $7.92M to $27.16M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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