Vericel Corp
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
VCEL$54.62+5.5%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets
Item 1. Financial Statements (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $73,490 | $74,520 |
| Restricted cash | 6,215 | 10,529 |
| Short-term investments | 39,412 | 41,693 |
| Accounts receivable (net of allowance for doubtful accounts of $3 and $10, respectively) | 52,899 | 61,375 |
| Inventory | 17,106 | 17,373 |
| Other current assets | 8,518 | 7,287 |
| Total current assets | 197,640 | 212,777 |
| Property and equipment, net | 108,294 | 103,161 |
| Intangible assets, net | 6,094 | 6,250 |
| Right-of-use assets | 68,716 | 70,098 |
| Long-term investments | 43,342 | 39,880 |
| Other long-term assets | 501 | 556 |
| Total assets | $424,587 | $432,722 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $16,751 | $23,848 |
| Accrued expenses | 11,418 | 17,065 |
| Current portion of operating lease liabilities | 11,163 | 9,257 |
| Other current liabilities | 116 | 116 |
| Total current liabilities | 39,448 | 50,286 |
| Operating lease liabilities | 87,804 | 89,593 |
| Other long-term liabilities | 1,848 | 876 |
| Total liabilities | 129,100 | 140,755 |
| COMMITMENTS AND CONTINGENCIES (Note 12) | ||
| Shareholders’ equity: | ||
| Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 50,252 and 49,628, respectively | 699,412 | 684,778 |
| Accumulated other comprehensive gain (loss) | 136 | 4 |
| Accumulated deficit | (404,061) | (392,815) |
| Total shareholders’ equity | 295,487 | 291,967 |
| Total liabilities and shareholders’ equity | $424,587 | $432,722 |
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