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Companies / Health Care / Vericel Corp
VCEL

Vericel Corp

Health CareBiological Products
Ticker VCELBURLINGTON, MAFiscal year ends DecemberBook value per share $7.32Diluted shares 52.5M

Vericel Corporation (Nasdaq: VCEL) develops, manufactures and commercializes cell therapies and specialty biologic products for sports medicine and severe burn care. Its portfolio includes MACI, an autologous cellularized scaffold made from a patient’s cartilage cells for repairing full-thickness cartilage defects of… From the company’s description.

Over the twelve months to Sep 30, 2026, Vericel Corp reported revenue of $324.17M, up 25.3% from a year earlier, and net income of $33.31M. Its operating margin was 8.3%, and operations generated $65.31M in cash. In fiscal 2025, it reported revenue of $276.26M, up 16.5% from fiscal 2024, and net income of $16.52M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$276.26MFY2025
+16.5% year over year
Last 12 mo $324.17M
4.00%FY2025
+2.1 percentage points
Last 12 mo 8.32%
$16.52MFY2025
+59.4% year over year
Last 12 mo $33.31M
4.66%FY2025
+1.1 percentage points
Last 12 mo 8.67%
Cash & financing
$51.91MFY2025
−10.8% year over year
Last 12 mo $65.31M
$24.75MFY2025
+525.9% year over year
Last 12 mo $57.89M
—
52.2MFY2025
+0.9% year over year
Last 12 mo 52.5M

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) develops, manufactures and commercializes cell therapies and specialty biologic products for sports medicine and severe burn care. Its portfolio includes MACI, an autologous cellularized scaffold made from a patient’s cartilage cells for repairing full-thickness cartilage defects of the knee, and MACI Arthro, which enables arthroscopic delivery using custom instruments. Vericel also sells biopsy kits used in MACI treatment. Epicel is a cultured skin-cell replacement for adult and pediatric patients with extensive deep-dermal or full-thickness burns. NexoBrid, commercialized in North America under an exclusive license and supply agreement with MediWound, is an enzyme-based product for removing eschar from thermal burns. The company’s two commercial teams focus on MACI and burn care, serving orthopedic surgeons, hospitals and specialized burn centers; it sells NexoBrid to specialty distributors. MACI and Epicel are manufactured in Massachusetts, while MediWound manufactures NexoBrid. Vericel’s marketed portfolio includes two FDA-approved autologous cell therapies and one FDA-approved specialty biologic.

Company details
Sector
Health Care
Industry (SIC)
Biological Products
Headquarters
BURLINGTON, MA
Fiscal year end
December
CIK
887359
SIC
2836

Financial performance, year by year

Fiscal 2011–2025 · USD
$-64.84M$41.26M$147.35M$253.44M$359.54M201120122013201420152016201720182019202020212022202320242025Last 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
46.5%
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.

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