Vericel Q3 revenue rises to $67.5 million; net income of $5.1 million vs. loss a year ago
Vericel reported third quarter 2025 results, with total revenue of $67.5 million, up from $57.9 million a year earlier, and net income of $5.1 million, compared with a net loss of $0.9 million in the prior-year quarter. The company reaffirmed its full-year 2025 MACI revenue and profitability targets and gave total full-year revenue guidance of $272 million to $276 million.
Key points
- Q3 2025 total revenue was $67.5 million, versus $57.9 million in Q3 2024; MACI revenue grew 25% to $55.7 million.
- Net income was $5.1 million, or $0.10 per diluted share, versus a net loss of $0.9 million, or $0.02 per share, a year earlier.
- Full-year 2025 total revenue guidance is $272 million to $276 million; full-year gross margin of 74% and adjusted EBITDA margin of 26% were reaffirmed.
- As of September 30, 2025, the company had $185 million in cash and investments and no debt.
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 November 06, 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.