Vericel Corporation (VCEL) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 68.42M | 92.92M | 67.5M | 63.24M | 52.6M | 75.38M | 57.91M | 52.66M | 51.28M | 65M | 45.58M | 45.92M | 41.02M | 52.69M | 38.55M | 37.05M | 36.07M | 47.59M | 34.51M | 39.52M |
| Revenue Growth % | 30.09% | 23.27% | 16.58% | 20.09% | 2.57% | 15.97% | 27.04% | 14.68% | 25.02% | 23.35% | 18.24% | 23.96% | 13.7% | 10.72% | 11.72% | -6.26% | 4.36% | 5.22% | 6.97% | 97.46% |
| Cost of Goods Sold | 19.16M | 19.79M | 17.92M | 16.63M | 16.32M | 16.88M | 16.25M | 16.06M | 15.93M | 16.49M | 14.97M | 15.98M | 14.5M | 14.45M | 13.32M | 14.19M | 12.62M | 13.56M | 12.41M | 12.61M |
| COGS % of Revenue | 28% | 21.3% | 26.54% | 26.29% | 31.04% | 22.39% | 28.07% | 30.5% | 31.06% | 25.37% | 32.85% | 34.8% | 35.34% | 27.41% | 34.55% | 38.31% | 34.99% | 28.49% | 35.96% | 31.91% |
| Gross Profit | 49.27M | 73.13M | 49.59M | 46.61M | 36.27M | 58.5M | 41.65M | 36.6M | 35.35M | 48.51M | 30.61M | 29.94M | 26.52M | 38.25M | 25.23M | 22.85M | 23.45M | 34.03M | 22.1M | 26.91M |
| Gross Margin % | 72% | 78.7% | 73.46% | 73.71% | 68.96% | 77.61% | 71.93% | 69.5% | 68.94% | 74.63% | 67.15% | 65.2% | 64.66% | 72.59% | 65.45% | 61.69% | 65.01% | 71.51% | 64.04% | 68.09% |
| Gross Profit Growth % | 35.82% | 25.01% | 19.04% | 27.35% | 2.6% | 20.6% | 36.09% | 22.24% | 33.31% | 26.82% | 21.3% | 31.01% | 13.08% | 12.39% | 14.19% | -15.07% | 2.03% | 1.14% | -1.66% | 137.01% |
| Operating Expenses | 57.33M | 50.71M | 46.13M | 48.64M | 49.06M | 40.02M | 44.12M | 42.63M | 40.82M | 35.78M | 35.66M | 35.9M | 34.7M | 32.16M | 32.02M | 31.94M | 30.73M | 29.89M | 27.06M | 30.64M |
| OpEx % of Revenue | 83.79% | 54.58% | 68.35% | 76.92% | 93.28% | 53.09% | 76.19% | 80.95% | 79.6% | 55.04% | 78.25% | 78.18% | 84.59% | 61.04% | 83.06% | 86.21% | 85.17% | 62.81% | 78.42% | 77.53% |
| Selling, General & Admin | 49.23M | 43.46M | 39.82M | 41.91M | 41.8M | 35.1M | 38.02M | 35.27M | 34.4M | 30.88M | 29.99M | 30.65M | 29.48M | 26.92M | 26.98M | 27.14M | 25.86M | 25.97M | 22.77M | 26.19M |
| SG&A % of Revenue | 71.94% | 46.77% | 58.99% | 66.27% | 79.48% | 46.56% | 65.67% | 66.97% | 67.08% | 47.5% | 65.79% | 66.74% | 71.88% | 51.09% | 69.97% | 73.27% | 71.7% | 54.56% | 66% | 66.27% |
| Research & Development | 8.1M | 7.25M | 6.32M | 6.73M | 7.26M | 4.92M | 6.09M | 7.36M | 6.42M | 4.9M | 5.68M | 5.25M | 5.21M | 5.25M | 5.05M | 4.79M | 4.86M | 3.92M | 4.28M | 4.45M |
| R&D % of Revenue | 11.84% | 7.81% | 9.36% | 10.64% | 13.8% | 6.53% | 10.52% | 13.98% | 12.52% | 7.54% | 12.45% | 11.44% | 12.71% | 9.95% | 13.09% | 12.94% | 13.47% | 8.25% | 12.42% | 11.26% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -8.06M | 22.41M | 3.45M | -2.03M | -12.79M | 18.48M | -2.46M | -6.03M | -5.46M | 12.73M | -5.06M | -5.96M | -8.18M | 6.08M | -6.79M | -9.08M | -7.27M | 4.14M | -4.96M | -3.73M |
| Operating Margin % | -11.79% | 24.12% | 5.11% | -3.21% | -24.32% | 24.52% | -4.26% | -11.45% | -10.66% | 19.59% | -11.09% | -12.98% | -19.94% | 11.55% | -17.61% | -24.52% | -20.16% | 8.7% | -14.38% | -9.44% |
| Operating Income Growth % | 36.96% | 21.3% | 239.96% | 66.36% | -134.11% | 45.15% | 51.26% | -1.17% | 33.18% | 109.22% | 25.5% | 34.36% | -12.43% | 46.95% | -36.83% | -143.55% | -120.06% | -66.3% | -241.06% | 55.38% |
| EBITDA | -4.8M | 25.68M | 6.39M | 797K | -10.11M | 19.96M | -1.14M | -4.71M | -4.09M | 13.88M | -3.9M | -4.79M | -7.02M | 7.12M | -5.77M | -8.03M | -6.4M | 4.92M | -4.28M | -3.03M |
| EBITDA Margin % | -7.01% | 27.64% | 9.47% | 1.26% | -19.21% | 26.48% | -1.97% | -8.94% | -7.97% | 21.36% | -8.56% | -10.43% | -17.11% | 13.52% | -14.98% | -21.67% | -17.74% | 10.34% | -12.41% | -7.68% |
| EBITDA Growth % | 52.53% | 28.69% | 661.37% | 116.93% | -147.33% | 43.78% | 70.82% | 1.71% | 41.79% | 94.83% | 32.4% | 40.33% | -9.67% | 44.77% | -34.84% | -164.57% | -156.62% | -62.21% | -204.77% | 61.16% |
| D&A (Non-Cash Add-back) | 3.27M | 3.27M | 2.94M | 2.83M | 2.69M | 1.48M | 1.33M | 1.32M | 1.38M | 1.15M | 1.15M | 1.17M | 1.16M | 1.04M | 1.01M | 1.05M | 873K | 780K | 679K | 695K |
| EBIT | -8.06M | 24.26M | 5.23M | -396K | -11.09M | 20.11M | -747K | -4.53M | -3.71M | 14.25M | -3.8M | -4.87M | -7.35M | 6.84M | -6.45M | -8.94M | -7.07M | 4.21M | -4.93M | -3.71M |
| Net Interest Income | 1.69M | 1.72M | 1.65M | 1.5M | 1.5M | 1.41M | 1.42M | 1.36M | 1.61M | 1.28M | 1.11M | 946K | 694K | 540K | 237K | 128K | 70K | 60K | 43K | 42K |
| Interest Income | 1.85M | 1.89M | 1.81M | 1.66M | 1.66M | 1.56M | 1.58M | 1.51M | 1.76M | 1.44M | 1.26M | 1.09M | 839K | 763K | 342K | 148K | 88K | 61K | 44K | 43K |
| Interest Expense | 160K | 162K | 158K | 157K | 153K | 154K | 154K | 153K | 153K | 156K | 150K | 149K | 145K | 223K | 105K | 20K | 18K | 1K | 1K | 1K |
| Other Income/Expense | 1.76M | 1.69M | 1.62M | 1.48M | 1.55M | 1.48M | 1.56M | 1.35M | 1.6M | 1.36M | 1.11M | 941K | 682K | 537K | 232K | 119K | 182K | 67K | 30K | 15K |
| Pretax Income | -6.3M | 24.1M | 5.07M | -553K | -11.25M | 19.95M | -901K | -4.68M | -3.86M | 14.09M | -3.95M | -5.02M | -7.5M | 6.62M | -6.56M | -8.96M | -7.09M | 4.21M | -4.93M | -3.71M |
| Pretax Margin % | -9.21% | 25.94% | 7.52% | -0.87% | -21.38% | 26.47% | -1.56% | -8.89% | -7.53% | 21.68% | -8.66% | -10.93% | -18.27% | 12.57% | -17.01% | -24.19% | -19.66% | 8.84% | -14.29% | -9.4% |
| Income Tax | 0 | 859K | 0 | 0 | 0 | 148K | 0 | 0 | 0 | 1.1M | -286K | 0 | 0 | 700K | 21K | 0 | 0 | -326K | 0 | 72K |
| Effective Tax Rate % | 0% | 3.56% | 0% | 0% | 0% | 0.74% | 0% | 0% | 0% | 7.81% | 7.25% | 0% | 0% | 10.57% | -0.32% | 0% | 0% | -7.75% | 0% | -1.94% |
| 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 | 4.53M | -4.93M | -3.79M |
| Net Margin % | -9.21% | 25.01% | 7.52% | -0.87% | -21.38% | 26.28% | -1.56% | -8.89% | -7.53% | 19.99% | -8.03% | -10.93% | -18.27% | 11.24% | -17.06% | -24.19% | -19.66% | 9.53% | -14.29% | -9.58% |
| Net Income Growth % | 43.96% | 17.35% | 663.15% | 88.19% | -191.2% | 52.44% | 75.38% | 6.73% | 48.47% | 119.4% | 44.35% | 43.99% | -5.7% | 30.61% | -33.38% | -136.74% | -115.6% | -62.9% | -236.29% | 54.21% |
| Net Income (Continuing) | -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 | 4.53M | -4.93M | -3.79M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.12 | 0.45 | 0.10 | -0.01 | -0.23 | 0.38 | -0.02 | -0.10 | -0.08 | 0.26 | -0.08 | -0.11 | -0.13 | 0.12 | -0.14 | -0.19 | -0.15 | 0.09 | -0.11 | -0.08 |
| EPS Growth % | 47.83% | 18.42% | 631.52% | 88.57% | -186.78% | 46.15% | 76.04% | 12.55% | 38.31% | 116.67% | 45.14% | 42.11% | 13.33% | 33.33% | -27.27% | -132.84% | -109.79% | -64% | -237.5% | 54.67% |
| EPS (Basic) | -0.12 | 0.46 | 0.10 | -0.01 | -0.23 | 0.40 | -0.02 | -0.10 | -0.08 | 0.27 | -0.08 | -0.11 | -0.13 | 0.13 | -0.14 | -0.19 | -0.15 | 0.10 | -0.11 | -0.08 |
| Diluted Shares Outstanding | 50.77M | 52.07M | 51.91M | 50.37M | 49.91M | 52.21M | 49.09M | 48.69M | 48.14M | 50.51M | 47.65M | 47.57M | 47.39M | 49.2M | 47.18M | 47.12M | 46.98M | 49.94M | 46.67M | 46.4M |
| Basic Shares Outstanding | 50.77M | 50.59M | 50.49M | 50.37M | 49.91M | 49.47M | 49.09M | 48.69M | 48.14M | 47.74M | 47.65M | 47.57M | 47.39M | 47.23M | 47.18M | 47.12M | 46.98M | 46.82M | 46.67M | 46.4M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |