Vericel Corp (VCEL) stock
Close on Nov 12, 2026Market cap $2.94BP/E 97.3Yield –
Earnings
Vericel's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Quarterly results
Revenue and earnings per share from each of Vericel's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Source |
|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 25, 2027Expected | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Nov 5, 2026before the open | $85.40M | +26.5% | $0.27 | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 30, 2026before the open | $77.50M | +22.6% | $0.04 | Release |
| Q1 FY2026ended Mar 31, 2026 | May 7, 2026before the open | $68.40M | +30.0% | -$0.12 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 26, 2026before the open | $92.90M | +23.2% | $0.45 | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 6, 2025before the open | $67.50M | +16.6% | $0.10 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 31, 2025before the open | $63.20M | +19.9% | -$0.01 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 8, 2025before the open | $52.60M | +2.5% | -$0.23 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 27, 2025before the open | $75.40M | +16.0% | $0.38 | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 7, 2024before the open | $57.90M | +27.0% | -$0.02 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 1, 2024before the open | $52.70M | +14.8% | -$0.10 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 8, 2024before the open | $51.30M | +25.1% | -$0.08 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 29, 2024before the open | $65.00M | +23.3% | $0.26 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 8, 2023before the open | $45.60M | +18.1% | -$0.08 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 2, 2023before the open | $45.90M | +24.1% | -$0.11 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 10, 2023before the open | $41.00M | +13.6% | -$0.16 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 23, 2023before the open | $52.70M | +10.7% | $0.12 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 9, 2022before the open | $38.60M | +11.9% | -$0.14 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 3, 2022before the open | $37.00M | – | -$0.19 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 4, 2022before the open | $36.10M | – | -$0.15 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 24, 2022before the open | $47.60M | – | $0.09 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 9, 2021before the open | $34.50M | – | -$0.11 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 4, 2021before the open | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | May 5, 2021before the open | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 24, 2021before the open | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 14, 2020before the open | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Vericel's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| total revenueGAAP | FY2026 | $344.00M – $346.00M | – | New | Nov 5, 2026 |
| Total revenue | FY2026 | $330.00M – $340.00M | $326.00M – $336.00M | Raised | Jul 30, 2026 |
| Total revenue | FY2026 | $316.00M – $326.00M | – | New | Feb 26, 2026 |
| gross marginGAAP | FY2026 | 75% | – | New | Nov 5, 2026 |
| gross margin | FY2026 | 75% | 75% | Reaffirmed | Jul 30, 2026 |
| Gross margin | FY2026 | 75% | – | New | Feb 26, 2026 |
| adjusted EBITDA marginnon-GAAP | FY2026 | 28% | 27% | Raised | Nov 5, 2026 |
| adjusted EBITDA marginnon-GAAP | FY2026 | 27% | – | New | Jul 30, 2026 |
| adjusted EBITDA marginnon-GAAP | FY2026 | 27% | – | New | May 7, 2026 |
| Burn Care revenue | FY2026 | $46.00M – $50.00M | – | Lowered | Jul 30, 2026 |
| MACI revenue | FY2026 | $284.00M – $290.00M | – | New | Jul 30, 2026 |
| MACI revenue | FY2026 | $280.00M – $286.00M | – | New | Feb 26, 2026 |
Guidance vs results
The last range Vericel gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| FY2025 | Revenue | $237.50M – $239.50M | $276.20MΣ4Q | Above range |
| Q2 FY2025 | Revenue growth | +22% – +25% | +19.92% | Below range |
Guidance history
Every forecast Vericel put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Nov 5, 2026 | adjusted EBITDA margin | FY2026 | 28% | Raised |
| Nov 5, 2026 | gross margin | FY2026 | 75% | New |
| Nov 5, 2026 | total revenue | FY2026 | $344.00M – $346.00M | New |
| Nov 5, 2026 | MACI revenue | FY2026 | $290.00M – $292.00M | Lowered |
| Nov 5, 2026 | Burn Care revenue | FY2026 | $54.00M | Lowered |
| Jul 30, 2026 | adjusted EBITDA margin | FY2026 | 27% | New |
| Jul 30, 2026 | gross margin | FY2026 | 75% | Reaffirmed |
| Jul 30, 2026 | Burn Care revenue | FY2026 | $46.00M – $50.00M | Lowered |
| Jul 30, 2026 | MACI revenue | FY2026 | $284.00M – $290.00M | New |
| Jul 30, 2026 | Total revenue | FY2026 | $330.00M – $340.00M | Raised |
| May 7, 2026 | gross margin | FY2026 | 75% | New |
| May 7, 2026 | adjusted EBITDA margin | FY2026 | 27% | New |
| May 7, 2026 | Total revenue | FY2026 | $326.00M – $336.00M | New |
| May 7, 2026 | Burn Care revenue | FY2026 | $44.00M – $48.00M | Lowered |
| May 7, 2026 | MACI revenue | FY2026 | $282.00M – $288.00M | Lowered |
| Feb 26, 2026 | Adjusted EBITDA margin | FY2026 | 27% | New |
| Feb 26, 2026 | Gross margin | FY2026 | 75% | New |
| Feb 26, 2026 | MACI revenue | FY2026 | $280.00M – $286.00M | New |
| Feb 26, 2026 | Total revenue | FY2026 | $316.00M – $326.00M | New |
| Nov 6, 2025 | gross margin | FY2025 | 74% | New |
| Nov 6, 2025 | adjusted EBITDA margin | FY2025 | 26% | New |
| Nov 6, 2025 | MACI full-year revenue | FY2025 | $237.50M – $239.50M | Lowered |
| Nov 6, 2025 | Total full-year revenue | FY2025 | $272.00M – $276.00M | New |
| Jul 31, 2025 | gross margin | FY2025 | 74% | Reaffirmed |
| Jul 31, 2025 | adjusted EBITDA margin | FY2025 | 26% | Raised |
| Jul 31, 2025 | Burn Care revenue | FY2025 | $10.00M | New |
| May 8, 2025 | adjusted EBITDA margin | FY2025 | 26% | Raised |
| May 8, 2025 | gross margin | FY2025 | 74% | Raised |
| May 8, 2025 | total revenue growth | Q2 FY2025 | +22% – +25% | New |
| May 8, 2025 | revenue growth | FY2025 | +20% – +23% | Reaffirmed |
| Feb 27, 2025 | Adjusted EBITDA margin | FY2025 | 25% – 26% | New |
| Feb 27, 2025 | Gross margin | FY2025 | 73% – 74% | Reaffirmed |
| Feb 27, 2025 | Total net revenue growth | FY2025 | +20% – +23% | Reaffirmed |
| Jan 14, 2025 | Gross margin | FY2025 | 73% – 74% | New |
| Jan 14, 2025 | Adjusted EBITDA margin | FY2025 | 25% – 26% | New |
| Jan 14, 2025 | Total net revenue growth | FY2025 | +20% – +23% | New |
| Nov 7, 2024 | adjusted EBITDA margin | FY2024 | 22% | Raised |
| Nov 7, 2024 | gross margin | FY2024 | 72% | Raised |
| Nov 7, 2024 | total net revenue growth | FY2024 | +20% – +23% | New |
| Nov 7, 2024 | total net revenue | FY2024 | $238.00M – $242.00M | Reaffirmed |
| Aug 1, 2024 | adjusted EBITDA margin | FY2024 | 21% | Raised |
| Aug 1, 2024 | gross margin | FY2024 | 71% | Raised |
| Aug 1, 2024 | total net revenue | FY2024 | $238.00M – $242.00M | Reaffirmed |
| May 8, 2024 | adjusted EBITDA margin | FY2024 | 20% | New |
| May 8, 2024 | gross margin | FY2024 | 70% | Reaffirmed |
| May 8, 2024 | Total net revenue | FY2024 | $238.00M – $242.00M | Raised |
| Feb 29, 2024 | Gross margin | FY2024 | 70% | New |
| Feb 29, 2024 | Adjusted EBITDA margin | FY2024 | 20% | New |
| Feb 29, 2024 | Total net revenue | FY2024 | $237.00M – $241.00M | New |
| Nov 8, 2023 | Total net revenue | FY2023 | $192.50M – $197.50M | Raised |
| Aug 2, 2023 | Total net revenue | FY2023 | $190.00M – $197.00M | Raised |
| May 10, 2023 | Total net revenue | FY2023 | $184.00M – $192.00M | New |
| Feb 23, 2023 | Total net revenue | FY2023 | $180.00M – $188.00M | New |
| Nov 9, 2022 | Total net revenue | FY2022 | $164.00M – $166.00M | Raised |
| Aug 3, 2022 | Adjusted EBITDA margin | FY2022 | 21% | Reaffirmed |
| Aug 3, 2022 | Gross margin | FY2022 | 69% | Lowered |
| Aug 3, 2022 | Total revenue | FY2022 | $178.00M – $189.00M | Reaffirmed |
| Aug 3, 2022 | MACI revenue | FY2022 | $132.00M – $141.00M | Lowered |
| May 4, 2022 | Adjusted EBITDA margin | FY2022 | 21% | Reaffirmed |
| May 4, 2022 | Gross margin | FY2022 | 70% | Reaffirmed |
| May 4, 2022 | Total net revenue | FY2022 | $178.00M – $189.00M | Reaffirmed |
| Feb 24, 2022 | Adjusted EBITDA margin | FY2022 | 21% | New |
| Feb 24, 2022 | Gross margin | FY2022 | 70% | New |
| Feb 24, 2022 | Total net revenue | FY2022 | $178.00M – $189.00M | New |
| Nov 9, 2021 | Adjusted EBITDA margin | FY2021 | 22% | New |
| Nov 9, 2021 | Gross margin | FY2021 | 70% | New |
| Nov 9, 2021 | Estimated operating expenses | FY2021 | $114.00M | New |
| Nov 9, 2021 | Total net revenue | FY2021 | $158.00M – $161.00M | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Vericel filed with the SEC as exhibits to Form 8-K or 6-K
- Results
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- News
- News
- Results
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