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Vericel VCEL Operating Income

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Other financials

Income statement

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Revenue$77.5M+22.5%
Gross profit$56.4M+21.0%
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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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:OperatingIncomeLoss.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Research and development7,4936,73115,59713,992
Selling, general and administrative48,47541,91197,70183,715
Total operating expenses55,96848,642113,29897,707
Income (loss) from operations434(2,029)(7,630)(14,821)
Other income (expense):
Interest income1,9541,6573,8053,314
Interest expense(160)(157)(320)(310)
Other income (expense)(22)(24)4918

Item 1. Financial Statements (Unaudited)

FAQ

What is Vericel's operating income?
Vericel (VCEL) reported operating income of $434K in Q2 2026.
How has Vericel's operating income changed year-over-year?
Vericel's operating income increased by 121.4% year-over-year, from -$2.03M to $434K.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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