What is Vericel's capex?

Vericel (VCEL) reported capex of $1.26M in Q1 2026.

How has Vericel's capex changed year-over-year?

Vericel's capex decreased by 91.2% year-over-year, from $14.21M to $1.26M.

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.

Vericel VCEL CapEx

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Other financials

Income statement

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Revenue$68.4M+30.1%

Gross profit$49.3M+35.8%

Operating income-$8.1M+37.0%

Net income-$6.3M+44.0%

EPS (diluted)-$0.12+47.8%

Balance sheet

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Cash & equivalents$109.3M+37.1%

Total debt$95.0M-4.6%

Total equity$356.2M+20.6%

Total assets$485.6M+14.4%

Cash flow

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Operating cash flow$16.4M+148%

Free cash flow$15.1M+299%

Valuation

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Market cap$2.06B-26.8%

Enterprise value$2.05B-28.0%

P/E96.1×-850×

P/S7.1×-4.7×

Profitability

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Gross margin74.8%+2.3pp

Operating margin5.4%+4.6pp

Net margin7.3%+6.1pp

FCF margin16.3%—

Returns & leverage

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Return on equity6.6%+5.5pp

Debt / equity0.3×-0.1×

Current ratio5.2×+0.2×

Where this comes from

Reported directly by Vericel in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Vericel’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vericel's capex?: Vericel (VCEL) reported capex of $1.26M in Q1 2026.
How has Vericel's capex changed year-over-year?: Vericel's capex decreased by 91.2% year-over-year, from $14.21M to $1.26M.
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.