Vericel Corp

For the period ended Sep 30, 2025. Filed Nov 6, 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.

Sep 30, 2025 · Filed Nov 6, 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

	September 30,	December 31,
	2025	2024
ASSETS
Current assets:
Cash and cash equivalents	$100,403	$74,520
Restricted cash	—	10,529
Short-term investments	34,977	41,693
Accounts receivable (net of allowance for doubtful accounts of $19 and $10, respectively)	60,426	61,375
Inventory	18,155	17,373
Other current assets	8,006	7,287
Total current assets	221,967	212,777
Property and equipment, net	109,380	103,161
Intangible assets, net	5,781	6,250
Right-of-use assets	66,087	70,098
Long-term investments	49,664	39,880
Other long-term assets	395	556
Total assets	$453,274	$432,722
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$15,335	$23,848
Accrued expenses	16,286	17,065
Current portion of operating lease liabilities	13,845	9,257
Other current liabilities	116	116
Total current liabilities	45,582	50,286
Operating lease liabilities	84,161	89,593
Other long-term liabilities	1,673	876
Total liabilities	131,416	140,755
COMMITMENTS AND CONTINGENCIES (Note 12)
Shareholders’ equity:
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 50,550 and 49,628, respectively	721,140	684,778
Accumulated other comprehensive gain	258	4
Accumulated deficit	(399,540)	(392,815)
Total shareholders’ equity	321,858	291,967
Total liabilities and shareholders’ equity	$453,274	$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.