Company Analysis

Vericel Corporation (VCEL)

Nasdaq: VCEL · Biological Products, (No Diagnostic Substances) · Cambridge, MA · filing with the SEC since 1996
Grade7.2
◀ Past 7.4● Present 8.1▶ Future 5.7

The grade of Vericel Corporation

Nine metrics read from its own filings, by tense
Headline grade
7.2/10
◀ Past7.430% of the headline
● Present8.140% of the headline
▶ Future5.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

7.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 80th percentile among 159 sector filers · read for itself

From the record

Vericel Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.1/10

What has it actually done, year after year?

+19.8% a year over 10 filed years; profitable in 3 of 10.

weight 45% of this tense · 81st percentile among 102 sector filers · read for its customers

From the record

Vericel Corporation's 10 filed years say what it did: revenue went from $54 million in fiscal 2016 to $276 million in fiscal 2025, up 19.8% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 3 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span19.8%top 41% of its family
  • the share of years revenue rosetop 8% of its family
  • the share of filed years with a profittop 17% of its family
  • the deepest fall from a revenue peak0.0%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.3/10

How has it treated the people who own it?

Share count grew 3.4% a year. 0% of cash flow returned. Insiders: 44 sales, 0 purchases.

weight 22% of this tense · 52nd percentile among 21 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Vericel Corporation's diluted share count grew about 3.4% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 44 sales (40 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 19% of its family
  • cash returned against operating cash flowbottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

8.1/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
8.1/10

Is it financially healthy right now?

ROE 5%: 5¢ of profit per shareholder dollar. Leverage 27%: owes 27¢ per asset dollar.

weight 45% of this tense · 80th percentile among 147 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Vericel Corporation earned about 5 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 42 cents per dollar of everything the company owns. Leverage: it owed about 27 cents per dollar of assets, and net share issuance: its share count grew 0.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 36% of its family
  • return on equitytop 13% of its family
  • gross profit against assetstop 18% of its family
  • the share count against the year beforetop 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.5/10

How strong is its position in its industry?

top 25% of 102 in its family; net margin 6%.

weight 33% of this tense · 75th percentile among 102 sector filers · read for its customers

From the record

Vericel Corporation's standing among 102 graded names in its industry family: revenue of $276 million in fiscal 2025 ranks in the top 19% by size; a net margin of 6% ranks in the top 19%; revenue growth of 18.9% a year over the last 3 filed years ranks in the top 36% (its annual reports).

What it rests on

  • revenue against the family$276Mtop 19% of its family
  • net margin6.0%top 19% of its family
  • three-year revenue growth18.9%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
9.2/10

What are the people in charge doing?

top 9% of 110 in its family for leadership; chief executive since 2013.

weight 22% of this tense · 91st percentile among 110 sector filers · read for its shareholders

From the record

Vericel Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Colangelo, Dominick (President and CEO, as filed), filing under that title since 2013-03-08, 13.7 years (top 4% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 7.4 years (top 18%); 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 13 people in charge now (top 3%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge1 in three years among 13 peopletop 3% of its family
  • the median years the people in charge have filed7.4 yearstop 18% of its family
  • the chief executive's years on the record13.7 yearstop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.7/10

How much room does it have to grow?

bottom 47% of 92 in its family for room to expand.

weight 45% of this tense · 47th percentile among 92 sector filers · read for itself

From the record

Vericel Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $100 million against no long-term debt tagged leaves 20.5% of its assets as net cash, bottom 41% of its family; cash from operations less capital spending is 9% of revenue (top 17%); a gross margin of 74.4% (top 44%); research spending of 10% of revenue (bottom 8%) (its annual report).

What it rests on

  • cash less debt against assets20.5%bottom 41% of its family
  • cash from operations less capital spending against revenue9.0%top 17% of its family
  • gross margin74.4%top 44% of its family
  • research spending against revenue10.0%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.8/10

What could actually drive growth from here?

top 32% of 100 in its family for growth drivers.

weight 33% of this tense · 68th percentile among 100 sector filers · read for its customers

From the record

Vericel Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 18.9% a year over the last three filed years against 19.8% over all 10, slowing (top 45% of its family); the newest year grew 16.5% (top 49%); research spending grew 11.4% a year (top 29%); capital spending grew 52.9% a year (top 7%) (its annual reports). Vericel Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-0.9 points a yeartop 45% of its family
  • the newest year's revenue growth16.5%top 49% of its family
  • three-year growth of research spending11.4%top 29% of its family
  • three-year growth of capital spending52.9%top 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.1/10

Did its newest year beat what its own record pointed to?

top 39% of 72 in its family for expectations against reality.

weight 22% of this tense · 61st percentile among 72 sector filers · read for its shareholders

From the record

Vericel Corporation's newest year against its own record: revenue of $276 million in fiscal 2025 came in 3.1% below the $285 million its prior three years' pace pointed to (bottom 42% of its family); net income of $17 million against a prior three-year average of $3 million (top 1%); a net margin of 6% against -2.5% before (bottom 42%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-3.1%bottom 42% of its family
  • net income against the prior three years' averagefive times its prior average or moretop 1% of its family
  • net margin against its prior average+8.4 pointsbottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VCEL · research, not advice