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Vericel Corp (VCEL) Fundamental Analysis & AI Grade 2026

VCEL Nasdaq Biological Products, (No Diagnostic Substances) MI CIK: 0000887359
Updated This Month • Analysis: May 9, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
70% Confidence
N/A
B
70% Conf
Pending
Analysis scheduled

📊 VCEL Key Takeaways

Revenue: $68.4M
Net Margin: -9.2%
Free Cash Flow: $15.1M
Current Ratio: 5.18x
Debt/Equity: 0.04x
EPS: $-0.12
AI Grade: B with 70% confidence
Vericel Corp (VCEL) receives a B fundamental grade with 70% confidence from our AI analysis based on SEC 10-K filings. With revenue of $68.4M, net profit margin of -9.2%, and return on equity (ROE) of -1.8%, Vericel Corp demonstrates mixed fundamentals in the Healthcare sector. Below is our complete VCEL stock analysis for 2026.

Is Vericel Corp (VCEL) a Good Investment?

Claude

Vericel maintains a fortress balance sheet with exceptional liquidity ($109.3M cash, 5.18x current ratio) and generates positive free cash flow ($15.1M) despite operating losses, supported by industry-leading 72% gross margins. However, stagnant revenue growth (0% YoY) combined with persistent operating losses (-11.8% margin) create fundamental concerns about the company's ability to reach sustained profitability without demonstrating top-line acceleration.

Vericel Corp Key Strengths (VCEL)

Claude
  • + Exceptional gross margin of 72% indicates strong pricing power and efficient manufacturing in biological products
  • + Fortress balance sheet with $109.3M cash, minimal debt ($13.2M), and 0.04x debt/equity ratio provides substantial financial cushion
  • + Positive operating and free cash flow ($16.4M and $15.1M respectively) despite net losses, suggesting improving underlying operational efficiency
  • + Significant profitability improvement trending positively (59.4% net income improvement, 60% EPS improvement YoY)

VCEL Stock Risks: Vericel Corp Investment Risks

Claude
  • ! Zero revenue growth (0% YoY) indicates stagnant market presence and potential competitive or demand headwinds
  • ! Persistent operating losses (-11.8% margin) and negative net margin (-9.2%) show core business remains unprofitable despite improvement trajectory
  • ! Elevated insider activity (26 Form 4 filings in 90 days) warrants monitoring for potential strategic or capital allocation concerns
  • ! Unclear path to sustainable profitability; without revenue growth, operating margin must improve significantly to reach breakeven and positive returns

Key Metrics to Watch

Claude
  • * Revenue growth acceleration - critical to validate business viability and market demand
  • * Operating margin progression toward positive territory - signals when core business becomes self-sustaining
  • * Gross margin stability - ensure 72% level is maintained amid potential pricing or cost pressures
  • * Operating cash flow sustainability - confirm positive cash generation continues during growth phase

Vericel Corp (VCEL) Financial Metrics & Key Ratios

Revenue
$68.4M
Net Income
$-6.3M
EPS (Diluted)
$-0.12
Free Cash Flow
$15.1M
Total Assets
$485.6M
Cash Position
$109.3M

💡 AI Analyst Insight

The 22.1% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 5.18x current ratio provides a solid financial cushion.

VCEL Profit Margin, ROE & Profitability Analysis

Gross Margin 72.0%
Operating Margin -11.8%
Net Margin -9.2%
ROE -1.8%
ROA -1.3%
FCF Margin 22.1%

VCEL vs Healthcare Sector: How Vericel Corp Compares

How Vericel Corp compares to Healthcare sector averages

Net Margin
VCEL -9.2%
vs
Sector Avg 12.0%
VCEL Sector
ROE
VCEL -1.8%
vs
Sector Avg 15.0%
VCEL Sector
Current Ratio
VCEL 5.2x
vs
Sector Avg 2.0x
VCEL Sector
Debt/Equity
VCEL 0.0x
vs
Sector Avg 0.6x
VCEL Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Vericel Corp Stock Overvalued? VCEL Valuation Analysis 2026

Based on fundamental analysis, Vericel Corp has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-1.8%
Sector avg: 15%
Net Profit Margin
-9.2%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.04x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Vericel Corp Balance Sheet: VCEL Debt, Cash & Liquidity

Current Ratio
5.18x
Quick Ratio
4.79x
Debt/Equity
0.04x
Debt/Assets
26.6%
Interest Coverage
-52.71x
Long-term Debt
$13.2M

VCEL Revenue & Earnings Growth: 5-Year Financial Trend

VCEL 5-year financial data: Year 2021: Revenue $153.1M, Net Income -$9.7M, EPS $-0.22. Year 2022: Revenue $163.7M, Net Income $2.9M, EPS $0.06. Year 2023: Revenue $197.5M, Net Income -$7.5M, EPS $-0.16. Year 2024: Revenue $237.2M, Net Income -$16.7M, EPS $-0.35. Year 2025: Revenue $276.3M, Net Income -$3.2M, EPS $-0.07.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Vericel Corp's revenue has grown significantly by 80% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.07 indicates the company is currently unprofitable.

VCEL Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
22.1%
Free cash flow / Revenue

VCEL Quarterly Earnings & Performance

Quarterly financial performance data for Vericel Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $52.6M -$6.3M $-0.12
Q3 2025 $57.9M -$553.0K $-0.02
Q2 2025 $52.7M -$553.0K $-0.01
Q1 2025 $51.3M -$3.9M $-0.08
Q3 2024 $45.6M -$901.0K $-0.02
Q2 2024 $45.9M -$3.9M $-0.10
Q1 2024 $41.0M -$3.9M $-0.08
Q3 2023 $38.3M -$3.7M $-0.08

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Vericel Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$16.4M
Cash generated from operations
Capital Expenditures
$1.3M
Investment in assets
Dividends
None
No dividend program

VCEL SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Vericel Corp (CIK: 0000887359)

📋 Recent SEC Filings

Date Form Document Action
May 18, 2026 8-K ef20073865_8k.htm View →
May 15, 2026 4 xslF345X06/form4.xml View →
May 13, 2026 4 xslF345X06/form4.xml View →
May 8, 2026 4 xslF345X06/form4.xml View →
May 8, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about VCEL

What is the AI rating for VCEL?

Vericel Corp (VCEL) has an AI grade of B with 70% confidence, based on fundamental analysis of SEC EDGAR filings.

What are VCEL's key strengths?

Claude: Exceptional gross margin of 72% indicates strong pricing power and efficient manufacturing in biological products. Fortress balance sheet with $109.3M cash, minimal debt ($13.2M), and 0.04x debt/equity ratio provides substantial financial cushion.

What are the risks of investing in VCEL?

Claude: Zero revenue growth (0% YoY) indicates stagnant market presence and potential competitive or demand headwinds. Persistent operating losses (-11.8% margin) and negative net margin (-9.2%) show core business remains unprofitable despite improvement trajectory.

What is VCEL's revenue and growth?

Vericel Corp reported revenue of $68.4M.

Does VCEL pay dividends?

Vericel Corp does not currently pay dividends.

Where can I find VCEL SEC filings?

Official SEC filings for Vericel Corp (CIK: 0000887359) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is VCEL's EPS?

Vericel Corp has a diluted EPS of $-0.12.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is VCEL's fundamental grade?

Based on our AI fundamental analysis in June 2026, Vericel Corp has a B grade with 70% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is VCEL stock overvalued or undervalued?

Valuation metrics for VCEL: ROE of -1.8% (sector avg: 15%), net margin of -9.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is VCEL's AI grade for 2026?

Our dual AI analysis gives Vericel Corp a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is VCEL's free cash flow?

Vericel Corp's operating cash flow is $16.4M, with capital expenditures of $1.3M. FCF margin is 22.1%.

How does VCEL compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -9.2% (avg: 12%), ROE -1.8% (avg: 15%), current ratio 5.18 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-31 | Powered by Claude AI