Vericel Corp
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
Table of Contents
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Product sales, net | $276,259 | $237,224 | $197,516 |
| Other revenue | — | — | — |
| Total revenue | 276,259 | 237,224 | 197,516 |
| Cost of product sales | 70,660 | 65,117 | 61,940 |
| Gross profit | 205,599 | 172,107 | 135,576 |
| Research and development | 27,563 | 24,797 | 21,042 |
| Selling, general and administrative | 166,992 | 142,791 | 120,998 |
| Total operating expenses | 194,555 | 167,588 | 142,040 |
| Income (loss) from operations | 11,044 | 4,519 | (6,464) |
| Other income (expense): | |||
| Interest income | 7,007 | 6,410 | 4,632 |
| Interest expense | (630) | (614) | (600) |
| Other (expense) income | (44) | 195 | 64 |
| Total other income | 6,333 | 5,991 | 4,096 |
| Income (loss) before income taxes | 17,377 | 10,510 | (2,368) |
| Income tax expense | 859 | 148 | 814 |
| Net income (loss) | $16,518 | $10,362 | $(3,182) |
| Net income (loss) per common share: | |||
| Basic | $0.33 | $0.21 | $(0.07) |
| Diluted | $0.32 | $0.20 | $(0.07) |
| Weighted-average common shares outstanding: | |||
| Basic | 50,340 | 48,848 | 47,590 |
| Diluted | 52,151 | 51,679 | 47,590 |
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