Vericel Corp
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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.
Sep 30, 2026 · Filed Nov 5, 2026
VCEL$59.03+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net income (loss) | $10,065 | $(6,725) |
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||
| Depreciation and amortization expense | 10,514 | 8,456 |
| Stock-based compensation expense | 28,200 | 30,344 |
| Amortization of premiums and discounts on marketable securities | (133) | (242) |
| Amortization of debt issuance costs | 161 | 161 |
| Non-cash lease costs | 4,184 | 4,014 |
| Provision for excess and obsolete inventory | 300 | — |
| Other | 59 | (8) |
| Changes in operating assets and liabilities: | ||
| Inventory | 204 | (782) |
| Accounts receivable | 2,836 | 949 |
| Other current assets | (3,904) | (719) |
| Accounts payable | 2,568 | 2,261 |
| Accrued expenses | 854 | (792) |
| Operating lease liabilities | (5,680) | (844) |
| Other non-current assets and liabilities, net | 69 | 823 |
| Net cash provided by operating activities | 50,297 | 36,896 |
| Investing activities: | ||
| Purchases of investments | (39,659) | (43,518) |
| Sales and maturities of investments | 35,161 | 40,946 |
| Expenditures for property and equipment | (5,231) | (24,975) |
| Net cash used in investing activities | (9,729) | (27,547) |
| Financing activities: | ||
| Net proceeds from common stock issuance | 6,390 | 12,679 |
| Payments on employees’ behalf for taxes related to vesting of restricted stock unit awards | (4,945) | (6,648) |
| Repurchases of common stock | (8,547) | — |
| Other | (65) | (26) |
| Net cash (used in) provided by financing activities | (7,167) | 6,005 |
| Net increase in cash, cash equivalents, and restricted cash | 33,401 | 15,354 |
| Cash, cash equivalents, and restricted cash at beginning of period | 100,092 | 85,049 |
| Cash and cash equivalents at end of period | $133,493 | $100,403 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosure of cash flow information: | ||
| Non-cash information: | ||
| Additions to property and equipment included in accounts payable | $2,406 | $1,128 |
| Common stock repurchased but not yet settled | $300 | $— |
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