Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.4M | $62.8M | $90.9M | $118M | $122M | $153M | $164M | $198M | $237M | $276M |
| Revenue growth | — | 15.4% | 44.8% | 29.7% | 3.5% | 25.5% | 6.9% | 20.7% | 20.1% | 16.5% |
| Gross profit | $26.1M | $33.6M | $58.7M | $80.3M | $84.2M | $106M | $110M | $136M | $172M | $206M |
| Gross margin | 47.9% | 53.5% | 64.6% | 68.1% | 69.1% | 69.3% | 67.1% | 68.6% | 72.6% | 74.4% |
| Operating income | -$19.2M | -$15.0M | -$3.91M | -$11.3M | $2.37M | -$7.85M | -$17.1M | -$6.46M | $4.52M | $11.0M |
| Operating margin | -35.4% | -23.9% | -4.3% | -9.5% | 1.9% | -5.1% | -10.4% | -3.3% | 1.9% | 4.0% |
| Net income | -$19.6M | -$17.3M | -$8.14M | -$9.66M | $2.86M | -$7.47M | -$16.7M | -$3.18M | $10.4M | $16.5M |
| Net margin | -36.0% | -27.5% | -9.0% | -8.2% | 2.3% | -4.9% | -10.2% | -1.6% | 4.4% | 6.0% |
| EPS (diluted) | -$1.18 | -$0.52 | -$0.20 | -$0.22 | $0.06 | -$0.16 | -$0.35 | -$0.07 | $0.20 | $0.32 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$19.9M | -$13.2M | -$412K | -$7.18M | $17.6M | $29.0M | $17.7M | $35.3M | $58.2M | $51.9M |
| Capital expenditures | $1.42M | $1.51M | $2.68M | $2.62M | $2.63M | $7.92M | $7.60M | $20.0M | $64.0M | $27.2M |
| Free cash flow | -$21.3M | -$14.7M | -$3.09M | -$9.80M | $14.9M | $21.1M | $10.1M | $15.3M | -$5.81M | $24.7M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $23.0M | $26.9M | $18.3M | $26.9M | $33.6M | $68.3M | $51.1M | $69.1M | $74.5M | $100M |
| Total assets | $48.6M | $54.6M | $119M | $153M | $206M | $244M | $273M | $354M | $433M | $488M |
| Total liabilities | $23.9M | $32.0M | $16.5M | $42.1M | $71.3M | $73.2M | $80.7M | $128M | $141M | $133M |
| Shareholders' equity | $24.7M | $22.5M | $102M | $111M | $134M | $170M | $192M | $226M | $292M | $355M |
| Retained earnings | -$344M | -$361M | -$369M | -$379M | -$376M | -$383M | -$400M | -$403M | -$393M | -$376M |
| Shares (wtd avg diluted) | 31.6M | 35.9M | 40.2M | 44.2M | 47.3M | 46.5M | 47.1M | 47.6M | 51.7M | 52.2M |
Every figure is extracted from Vericel Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.