Vericel Corp

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

Table of Contents

	December 31,
	2025	2024
ASSETS
Current assets:
Cash and cash equivalents	$100,092	$74,520
Restricted cash	—	10,529
Short-term investments	37,407	41,693
Accounts receivable (net of allowance for doubtful accounts of $13 and $10, respectively)	84,634	61,375
Inventory	17,560	17,373
Other current assets	7,744	7,287
Total current assets	247,437	212,777
Property and equipment, net	108,397	103,161
Intangible assets, net	5,625	6,250
Right-of-use assets	64,774	70,098
Long-term investments	61,395	39,880
Other long-term assets	341	556
Total assets	$487,969	$432,722
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$15,828	$23,848
Accrued expenses	19,236	17,065
Current portion of operating lease liabilities	13,969	9,257
Other current liabilities	116	116
Total current liabilities	49,149	50,286
Operating lease liabilities	82,284	89,593
Other long-term liabilities	1,896	876
Total liabilities	133,329	140,755
COMMITMENTS AND CONTINGENCIES (Note 14)
Shareholders’ equity:
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 50,620 and 49,628, respectively	730,662	684,778
Accumulated other comprehensive gain	275	4
Accumulated deficit	(376,297)	(392,815)
Total shareholders’ equity	354,640	291,967
Total liabilities and shareholders’ equity	$487,969	$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.