Vericel Corporation (VCEL) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 16.38M | 15.01M | 22.08M | 8.21M | 6.6M | 22.24M | 10.18M | 18.54M | 7.2M | 10.09M | 7.17M | 10.2M | 7.86M | 6.97M | 4.1M | 3.14M | 3.47M | 10.55M | 3.63M | 4.77M |
| Operating CF Margin % | 23.94% | 16.16% | 32.71% | 12.99% | 12.55% | 29.51% | 17.59% | 35.2% | 14.04% | 15.52% | 15.73% | 22.2% | 19.16% | 13.24% | 10.64% | 8.48% | 9.61% | 22.17% | 10.53% | 12.07% |
| Operating CF Growth % | 148.23% | -32.5% | 116.83% | -55.68% | -8.36% | 120.52% | 42.06% | 81.79% | -8.37% | 44.6% | 74.81% | 224.4% | 126.64% | -33.89% | 12.85% | -34.1% | -65.62% | -6.93% | -20.48% | 257.86% |
| Net Income | -6.3M | 23.24M | 5.07M | -553K | -11.25M | 19.81M | -901K | -4.68M | -3.86M | 12.99M | -3.66M | -5.02M | -7.5M | 5.92M | -6.58M | -8.96M | -7.09M | 4.54M | -4.93M | -3.79M |
| Depreciation & Amortization | 3.27M | 3.27M | 2.94M | 2.65M | 2.69M | 1.48M | 784K | 1.32M | 1.38M | 1.15M | 1.15M | 1.17M | 1.16M | 1.04M | 1.01M | 1.05M | 873K | 780K | 679K | 695K |
| Stock-Based Compensation | 0 | 8.42M | 8.7M | 10.14M | 11.51M | 7.92M | 9.22M | 9.52M | 9.83M | 6.91M | 7.92M | 8.76M | 8.73M | 7.74M | 9.1M | 10.81M | 9.53M | 7.84M | 8.6M | 10.87M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 700K | 0 | 0 | 0 | 212K | 227K | 257K |
| Other Non-Cash Items | 12.88M | 2.33M | 1.28M | 1.5M | 1.32M | 1.47M | 2.09M | 1.51M | 1.73M | 1.82M | 1.59M | 1.2M | 888K | 259K | 1.01M | 1.2M | 1.27M | 992K | 1.11M | 1.15M |
| Working Capital Changes | 6.54M | -22.25M | 4.09M | -5.53M | 2.33M | -8.43M | -1.01M | 10.87M | -1.88M | -12.78M | 156K | 4.08M | 4.58M | -8.69M | -449K | -956K | -1.12M | -3.81M | -2.05M | -4.42M |
| Change in Receivables | 12.25M | -24.21M | 3.86M | -11.39M | 8.48M | -12.9M | -483K | 1.94M | 8.42M | -18.63M | -1.41M | 40K | 8.18M | -12.24M | -632K | -1.81M | 5.58M | -8.53M | 2.82M | -2.61M |
| Change in Inventory | -964K | -448K | -1.32M | 275K | 267K | -1.62M | -869K | -1.33M | -470K | -466K | 1.26M | 1.49M | 616K | 743K | -800K | -1.54M | -1M | -322K | -100K | -2.64M |
| Change in Payables | 2.59M | 713K | 2.8M | 8K | -551K | 1.35M | -1.43M | 4.67M | -4.88M | 2.69M | -596K | 1.23M | -274K | 1.47M | -1.19M | 1.37M | -219K | 2.16M | -2.03M | -818K |
| Cash from Investing | -4.2M | -16.39M | -3.38M | -9.03M | -15.14M | -14.65M | -21.21M | -17.72M | -25.45M | -8.09M | 4.57M | -2.41M | 2.8M | -21.73M | -811K | -3M | -10.67M | 1.89M | -2.63M | -14.94M |
| Capital Expenditures | -1.26M | -14.21M | -2.63M | 14.21M | -14.21M | -13.79M | 30.78M | -16.76M | -14.02M | -7.83M | -6.57M | -4.2M | -8.91M | -1.13M | -1.41M | -1.98M | -3.08M | -991K | -2.46M | -2.12M |
| CapEx % of Revenue | 1.84% | 15.3% | 3.9% | 22.47% | 27.02% | 18.29% | 53.15% | 31.83% | 27.33% | 12.05% | 14.41% | 9.14% | 21.73% | 2.14% | 3.65% | 5.35% | 8.54% | 2.08% | 7.14% | 5.36% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.91M | 7.6M | 0 | 0 | 3.08M | 7.92M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 12.03M | 0 | -22.34M | 0 | 0 | -50.19M | 0 | 0 | 0 | 0 | 0 | -8.91M | -7.6M | 0 | 0 | -3.08M | -7.92M | 0 | 0 |
| Cash from Financing | -2.98M | 1.06M | 1.17M | 1.64M | 3.2M | 7.11M | 5.52M | 4.3M | 2.13M | 1.31M | 1.01M | 1.2M | 107K | 605K | -312K | 249K | 503K | 1.34M | 1.79M | 3.78M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1.56M | 1.25M | 1.48M | 1.79M | 9.41M | 7.26M | 5.79M | 4.43M | 7.03M | 1.39M | 1.12M | 1.27M | 2.23M | 612K | 829K | 746K | 1.47M | 1.48M | 2.08M | 3.84M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -4.54M | -190K | -316K | -147K | -6.21M | -153K | -271K | -138K | -4.9M | -79K | -107K | -78K | -2.12M | -7K | -1.14M | -497K | -962K | -142K | -293K | -59K |
| Net Change in Cash | 9.2M | -311K | 19.87M | 827K | -5.34M | 14.7M | -5.5M | 5.11M | -16.12M | 3.31M | 12.74M | 8.98M | 10.77M | -14.15M | 2.98M | 395K | -6.7M | 13.78M | 2.79M | -6.39M |
| Free Cash Flow | 15.13M | 802K | 19.45M | 22.43M | -7.61M | 8.46M | 40.96M | 1.77M | -6.82M | 2.25M | 600K | 6M | -1.05M | 5.85M | 2.69M | 1.16M | 387K | 9.56M | 1.17M | 2.65M |
| FCF Margin % | 22.11% | 0.86% | 28.82% | 35.46% | -14.47% | 11.22% | 70.74% | 3.37% | -13.29% | 3.46% | 1.32% | 13.07% | -2.57% | 11.1% | 6.98% | 3.14% | 1.07% | 20.09% | 3.39% | 6.71% |
| FCF Growth % | 298.71% | -90.51% | -52.51% | 1164.15% | -11.69% | 275.61% | 6727% | -70.43% | -547.2% | -61.52% | -77.71% | 416.35% | -372.09% | -38.81% | 129.89% | -56.17% | -95% | -6.89% | -72.12% | 175.96% |
| FCF per Share | 0.30 | 0.02 | 0.37 | 0.45 | -0.15 | 0.16 | 0.83 | 0.04 | -0.14 | 0.04 | 0.01 | 0.13 | -0.02 | 0.12 | 0.06 | 0.02 | 0.01 | 0.19 | 0.03 | 0.06 |
| FCF Conversion (FCF/Net Income) | -2.60x | 0.65x | 4.35x | -14.85x | -0.59x | 1.12x | -11.30x | -3.96x | -1.86x | 0.78x | -1.96x | -2.03x | -1.05x | 1.18x | -0.62x | -0.35x | -0.49x | 2.33x | -0.74x | -1.26x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |