Vericel Corporation
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.2M | $-6.3M | $23.2M | $5.1M | $-553.0K | $-11.2M | $19.8M | $-901.0K |
| Depreciation & Amortization | $3.6M | $3.3M | $3.1M | $2.9M | $2.8M | $2.7M | $1.5M | $1.3M |
| Depreciation | $3.5M | $3.1M | $2.9M | $2.8M | $2.7M | $2.5M | $1.3M | $1.2M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $9.1M | $11.3M | $8.4M | $8.7M | $10.1M | $11.5M | $7.9M | $9.2M |
| Net Cash from Operating Activities | $16.2M | $16.4M | $15.0M | $22.1M | $8.2M | $6.6M | $22.2M | $10.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.9M | $1.3M | $2.2M | $2.6M | $8.1M | $14.2M | $13.8M | $19.4M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-2.8M | $-4.2M | $-16.4M | $-3.4M | $-9.0M | $-15.1M | $-14.7M | $-21.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $2.7M | $-3.0M | $1.1M | $1.2M | $1.6M | $3.2M | $7.1M | $5.5M |
| Net Change in Cash | $16.1M | $9.2M | $-311.0K | $19.9M | $827.0K | $-5.3M | $14.7M | $-5.5M |
| Free Cash Flow | $14.3M | $15.1M | $12.8M | $19.5M | $81.0K | $-7.6M | $8.5M | $-9.2M |