Vericel Reports 2024 Revenue Up 20% to $237.2 Million; Net Income $10.4 Million
Vericel reported full-year 2024 total net revenue up 20% to $237.2 million and net income of $10.4 million, or $0.20 per diluted share, compared with a net loss of $3.2 million in 2023. The company reaffirmed 2025 total net revenue growth guidance of 20% to 23% and increased its mid-term profitability targets for 2029, which matters to shareholders because it shows continued growth and a shift to profitability.
Key points
- Full-year 2024 total net revenue rose 20% to $237.2 million, including $197.3 million of MACI net revenue.
- Full-year 2024 net income was $10.4 million, or $0.20 per diluted share, versus a net loss of $3.2 million in 2023.
- 2025 guidance reaffirmed: total net revenue growth of 20% to 23%, gross margin of 73% to 74%, and adjusted EBITDA margin of 25% to 26%.
- Mid-term targets increased: gross margin in the high-70% range and adjusted EBITDA margin in the high-30% range by 2029.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 27, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.