Vericel Corp

For the period ended Jun 30, 2025. Filed Jul 31, 2025.

About this filing

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.

Jun 30, 2025 · Filed Jul 31, 2025

VCEL$54.62+5.5%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Item 1. Condensed Consolidated Balance Sheets

Item 1. Financial Statements (Unaudited)

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30,	December 31,
	2025	2024
ASSETS
Current assets:
Cash and cash equivalents	$80,532	$74,520
Restricted cash	—	10,529
Short-term investments	36,349	41,693
Accounts receivable (net of allowance for doubtful accounts of $1 and $10, respectively)	64,290	61,375
Inventory	16,831	17,373
Other current assets	6,575	7,287
Total current assets	204,577	212,777
Property and equipment, net	109,848	103,161
Intangible assets, net	5,938	6,250
Right-of-use assets	67,398	70,098
Long-term investments	47,400	39,880
Other long-term assets	447	556
Total assets	$435,608	$432,722
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$12,857	$23,848
Accrued expenses	14,404	17,065
Current portion of operating lease liabilities	13,753	9,257
Other current liabilities	118	116
Total current liabilities	41,132	50,286
Operating lease liabilities	86,011	89,593
Other long-term liabilities	1,656	876
Total liabilities	128,799	140,755
COMMITMENTS AND CONTINGENCIES (Note 12)
Shareholders’ equity:
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 50,441 and 49,628, respectively	711,240	684,778
Accumulated other comprehensive gain	183	4
Accumulated deficit	(404,614)	(392,815)
Total shareholders’ equity	306,809	291,967
Total liabilities and shareholders’ equity	$435,608	$432,722

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.