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Vericel VCEL Gross margin

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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%
CapEx$1.9M-76.2%
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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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

Calculated from Vericel’s reported figures.

Based on trailing twelve months.

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

Filed
Jul 30, 2026, 8:49 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050836

FAQ

What is Vericel's gross margin?
Vericel (VCEL) reported gross margin of 74.6% in Q2 2026.
How has Vericel's gross margin changed year-over-year?
Vericel's gross margin increased by 1.5% year-over-year, from 73.5% to 74.6%.
What is the long-term trend for Vericel's gross margin?
Over 5 years (2020 to 2025), Vericel's gross margin has grown at a 1.9% compound annual growth rate (CAGR), from 67.8% to 74.4%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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