Jun 2026 (Q2 FY26) — Jul 30, 2026
Vericel Q2 FY26 — Record Revenue and Raised Full-Year Guidance
Read the full callVericel earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 77.5 | +22.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 0.6 | +3.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2.2 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $35.32 on 17 Oct 2025 → $40.37. High $48.31 (9 Jul 2026), low $29.34 (27 Mar 2026).
Overview
Call summaries
Vericel Q2 FY26 — Record Revenue and Raised Full-Year Guidance
Read the full callEvery analysed call
Financials
Net profit, year on year: +499% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 58 | 75 | 53 | 63 | 68 | 93 | 68 | 77 |
| Operating profit | -2 | 18 | -13 | -2 | 3 | 22 | -8 | 0 |
| Operating margin | −4.3% | 24.5% | −24.3% | −3.2% | 5.1% | 24.1% | −11.8% | 0.6% |
| Other income | 2 | 1 | 2 | 1 | 2 | 2 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -1 | 20 | — | — | — | — | — | — |
| Tax rate | 0.0% | 0.7% | — | — | — | — | — | — |
| Net profit | -1 | 20 | -11 | -1 | 5 | 23 | -6 | 2 |
| EPS ($ per share) | -0.02 | — | -0.23 | -0.01 | 0.10 | — | -0.12 | 0.04 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 471 | 490 | 510 | 554 | 593 | 629 | 685 | 731 |
| Reserves | -369 | -379 | -376 | -383 | -400 | -403 | -393 | -376 |
| Total liabilities | 16 | 42 | 71 | 73 | 81 | 128 | 141 | 133 |
| Fixed assets | 6 | 7 | 8 | 13 | 16 | 42 | 103 | 108 |
| Investments | 65 | 43 | 42 | 35 | 68 | 40 | 42 | 37 |
| Total assets | 119 | 153 | 206 | 244 | 273 | 354 | 433 | 488 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -0 | -7 | 18 | 29 | 18 | 35 | 58 | 52 |
| Cash from investing | -67 | 11 | -17 | -4 | -36 | -3 | -79 | -44 |
| Cash from financing | 59 | 5 | 6 | 9 | 1 | 4 | 19 | 7 |
| Net cash flow | -9 | 9 | 7 | 35 | -17 | 36 | -2 | 15 |
| Capital expenditure | -3 | -3 | -3 | -8 | -8 | -20 | -64 | -27 |
| Free cash flow | -3 | -10 | 15 | 21 | 10 | 15 | -6 | 25 |
111 filings between Nov 6, 2025 and Aug 12, 2026.
Purchases
None
No insider bought shares.
Sales
$7.89M
34 sales by 8 insiders
88% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Halpin Michael | — | $2.04M | Aug 3, 2026 |
| Flynn Sean C. | — | $2.04M | Jun 26, 2026 |
| MCLAUGHLIN KEVIN F | — | $1.05M | Aug 12, 2026 |
| Hopper Jonathan Mark | — | $789.3K | Jun 26, 2026 |
| SIEGAL JONATHAN | — | $530.8K | Jul 30, 2026 |
| Wotton Paul K | — | $516.9K | May 11, 2026 |
| Hagen Heidi | — | $486.1K | Mar 23, 2026 |
| Mara Joseph Anthony Jr | — | $426.3K | Jun 26, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 12, 2026 | MCLAUGHLIN KEVIN F Director | Option exercise 10b5-1 plan | 7,000 | $91.3K |
| Aug 12, 2026 | MCLAUGHLIN KEVIN F Director | Sale 10b5-1 plan | 7,000 | $311.7K |
| Aug 3, 2026 | Halpin Michael Chief Operating Officer | Option exercise 10b5-1 plan | 10,000 | $166.6K |
| Aug 3, 2026 | Halpin Michael Chief Operating Officer | Sale 10b5-1 plan | 10,000 | $468.4K |
| Jul 30, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Option exercise 10b5-1 plan | 2,500 | $74.5K |
| Jul 30, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Sale 10b5-1 plan | 1,500 | $73.3K |
| Jul 30, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Sale 10b5-1 plan | 500 | $24.4K |
| Jul 30, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Sale 10b5-1 plan | 2,500 | $122.3K |
| Jul 30, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Option exercise 10b5-1 plan | 500 | $14.9K |
| Jul 30, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Option exercise 10b5-1 plan | 1,500 | $52.4K |
| Jun 26, 2026 | Hopper Jonathan Mark Chief Medical Officer | Sale 10b5-1 plan | 5,000 | $225.0K |
| Jun 26, 2026 | Flynn Sean C. Chief Legal Officer | Sale 10b5-1 plan | 15,000 | $684.6K |
| Jun 26, 2026 | Hopper Jonathan Mark Chief Medical Officer | Sale 10b5-1 plan | 5,000 | $225.0K |
| Jun 26, 2026 | Hopper Jonathan Mark Chief Medical Officer | Option exercise 10b5-1 plan | 5,000 | $149.1K |
| Jun 26, 2026 | Flynn Sean C. Chief Legal Officer | Option exercise 10b5-1 plan | 15,000 | $243.8K |
| Jun 26, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Option exercise 10b5-1 plan | 2,500 | $74.5K |
| Jun 26, 2026 | Hopper Jonathan Mark Chief Medical Officer | Option exercise 10b5-1 plan | 5,000 | $149.1K |
| Jun 26, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Sale 10b5-1 plan | 232 | $10.4K |
| Jun 26, 2026 | Mara Joseph Anthony Jr Chief Financial Officer | Sale 10b5-1 plan | 5,000 | $223.8K |
| Jun 26, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Sale 10b5-1 plan | 2,500 | $112.3K |
| Jun 18, 2026 | Halpin Michael Chief Operating Officer | Sale 10b5-1 plan | 10,000 | $402.4K |
| Jun 18, 2026 | Flynn Sean C. Chief Legal Officer | Option exercise 10b5-1 plan | 15,000 | $243.8K |
| Jun 18, 2026 | Halpin Michael Chief Operating Officer | Option exercise 10b5-1 plan | 10,000 | $166.6K |
| Jun 18, 2026 | Flynn Sean C. Chief Legal Officer | Sale 10b5-1 plan | 15,000 | $603.1K |
| Jun 2, 2026 | Hopper Jonathan Mark Chief Medical Officer | Option exercise 10b5-1 plan | 4,375 | $72.9K |
| Jun 2, 2026 | Hopper Jonathan Mark Chief Medical Officer | Sale 10b5-1 plan | 4,375 | $153.1K |
| May 13, 2026 | MCLAUGHLIN KEVIN F Director | Option exercise 10b5-1 plan | 3,500 | $45.7K |
| May 13, 2026 | MCLAUGHLIN KEVIN F Director | Sale 10b5-1 plan | 3,500 | $114.9K |
| May 13, 2026 | MCLAUGHLIN KEVIN F Director | Option exercise 10b5-1 plan | 3,500 | $9.2K |
| May 13, 2026 | MCLAUGHLIN KEVIN F Director | Sale 10b5-1 plan | 3,500 | $114.9K |
| May 11, 2026 | Wotton Paul K Director | Sale | 7,500 | $244.8K |
| May 11, 2026 | Wotton Paul K Director | Sale | 2,500 | $82.6K |
| May 7, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Sale 10b5-1 plan | 1,422 | $57.6K |
| May 7, 2026 | Mara Joseph Anthony Jr Chief Financial Officer | Sale 10b5-1 plan | 5,000 | $202.5K |
| May 6, 2026 | SIEGAL JONATHAN Principal Accounting Officer | Sale 10b5-1 plan | 3,433 | $130.5K |
| Apr 29, 2026 | WRIGHT LISA Director | Option exercise | 3,200 | — |
| Apr 29, 2026 | MCLAUGHLIN KEVIN F Director | Option exercise | 3,200 | — |
| Apr 29, 2026 | Hagen Heidi Director | Option exercise | 3,200 | — |
| Apr 29, 2026 | Rubino Alan L Director | Option exercise | 3,200 | — |
| Apr 29, 2026 | Wotton Paul K Director | Option exercise | 3,200 | — |
| Apr 29, 2026 | ZERBE ROBERT L MD Director | Option exercise | 3,200 | — |
| Apr 2, 2026 | Hopper Jonathan Mark Chief Medical Officer | Option exercise 10b5-1 plan | 3,472 | $38.0K |
| Apr 2, 2026 | Hopper Jonathan Mark Chief Medical Officer | Sale 10b5-1 plan | 3,472 | $121.5K |
| Mar 25, 2026 | Rubino Alan L Director | Option exercise | 15,000 | $41.4K |
| Mar 23, 2026 | Hagen Heidi Director | Sale 10b5-1 plan | 15,000 | $486.1K |
| Mar 23, 2026 | Hagen Heidi Director | Option exercise 10b5-1 plan | 15,000 | $41.4K |
| Mar 2, 2026 | Flynn Sean C. Chief Legal Officer | Sale 10b5-1 plan | 15,000 | $530.4K |
| Mar 2, 2026 | Flynn Sean C. Chief Legal Officer | Option exercise 10b5-1 plan | 15,000 | $243.8K |
| Mar 2, 2026 | Flynn Sean C. Chief Legal Officer | Sale 10b5-1 plan | 6,421 | $223.1K |
| Mar 2, 2026 | Halpin Michael Chief Operating Officer | Sale 10b5-1 plan | 10,305 | $363.8K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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