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Companies / Healthcare / Vericel Corp
VCEL

Vericel Corp

HealthcareBiological Products
Ticker VCELBURLINGTON, MAFiscal year ends DecemberBook value per share $7.27Diluted shares 50.9M

Vericel Corporation (NASDAQ: VCEL) is a leading provider of advanced therapies for the sports medicine and severe burn care markets. The company operates through a highly differentiated portfolio of cell therapy and specialty biologic products that combine innovations in biology with medical technologies. Vericel was… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$276.26M
+16.5% year over year
Last 12 mo $306.30M
4.00%
+2.1 percentage points
Last 12 mo 5.95%
$16.52M
+59.4% year over year
Last 12 mo $24.22M
4.66%
+1.1 percentage points
Last 12 mo 6.55%
Cash & financing
$51.91M
−10.8% year over year
Last 12 mo $69.67M
$24.75M
+525.9% year over year
Last 12 mo $61.66M
—
52.2M
+0.9% year over year
Last 12 mo 50.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Vericel Corp does

In the company’s own words

Vericel Corporation (NASDAQ: VCEL) is a leading provider of advanced therapies for the sports medicine and severe burn care markets. The company operates through a highly differentiated portfolio of cell therapy and specialty biologic products that combine innovations in biology with medical technologies. Vericel was among the first companies to achieve commercial success in the complex field of cell therapies, utilizing tissue engineering to regenerate skin and healthy knee cartilage.

The company's core product portfolio consists of three FDA-approved offerings. MACI is an autologous cellularized scaffold product indicated for the repair of symptomatic cartilage defects of the knee in adults. In August 2024, the FDA approved a supplemental application expanding MACI's indication to include arthroscopic delivery through small incisions using custom-designed instruments, marketed as MACI Arthro. Epicel is a permanent skin replacement device indicated for treating adult and pediatric patients with deep-dermal or full-thickness burns comprising at least 30 percent of total body surface area. NexoBrid is a topically-administered biological orphan product containing proteolytic enzymes for eschar removal in burn patients, for which Vericel holds exclusive North American rights through a license agreement with MediWound Ltd.

Vericel manufactures MACI and Epicel at its facility in Cambridge, Massachusetts, with a newly completed manufacturing facility in Burlington, Massachusetts designed to eventually become the primary manufacturing location. NexoBrid is manufactured by MediWound, primarily at locations in Israel. The company operates two specialized sales teams: one dedicated to MACI targeting orthopedic surgeons, and a burn care team focused on both Epicel and NexoBrid serving approximately 140 burn centers across the United States.

The company's strategic objectives include expanding MACI growth initiatives, seeking clinical indication expansion for additional joints including the ankle, launching MACI in select international markets such as the United Kingdom, leveraging its burn care portfolio to expand adoption across burn centers, and generating positive operating income and cash flow. In 2025, Vericel initiated the MASCOT trial, a randomized controlled clinical trial evaluating MACI for treating osteochondral lesions of the talus, representing a significant potential expansion of the product's addressable market. More information is available at www.vericel.com.

Company details
Sector
Healthcare
Industry
Biological Products
Headquarters
BURLINGTON, MA
Fiscal year end
December
CIK
887359
SIC
2836

Financial performance, year by year

Fiscal 2013–2025 · USD
$-52.54M$45.32M$143.19M$241.06M$338.93M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Vericel Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

269
funds hold it
0 of 35
superinvestors hold it
$996.73M
held by funds, at market
46.4%
of shares held by funds

Largest fund holders · Vericel Corp’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.12%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.07%of fund net assets
CONESTOGA SMALL CAP FUND
CCASX · Conestoga Funds
2.85%of fund net assets
0.49%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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