Vericel Corp
VCEL · Biological Products, (No Diagnostic Substances) · 51.1M shares · +2%/yr ↑ shares · EDGAR filings ↗
Reference price $40.24 · est. market cap ~$2.1B — last insider sale, 2026-06-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Advanced cell-therapy maker (MACI/Epicel) — profitable, growing, and cash-rich.
Strengths
- Profitable and growing — operating margin 4% (83rd), net income +59% (84th), revenue +16%
- Strong FCF, cash-rich — FCF $25M (90th), current ratio 5.0 (53rd)
- High gross margin — 74%
Risks
- Single-franchise (MACI) concentration — per 10-K
- Thin operating margin as it scales — per 10-K
- Competition in regenerative medicine — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Strong balance sheetStrong balance sheet — $199M cash & investments
- Revenue declineRevenue -26.4% YoY
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +2 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
- Insider sellingInsider selling — 17 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$4M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
74.4%
Operating margin
4.0%
Net margin
6.0%
Return on equity
4.7%
Return on assets
3.4%
Revenue growth (QoQ)
-26.4%
Net-income growth
59.4%
Current ratio
5.0×
Free cash flow
$25M
EBITDA
$23M
Tangible book value
$349M
Cash & investments
$199M
Stock comp / revenue
14.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Flynn Sean C. | Option exercise | 15K | $16.25 |
| 2026-06-18 | Halpin Michael | Sell | 10K | $40.24 |
| 2026-06-18 | Flynn Sean C. | Sell | 15K | $40.21 |
| 2026-06-18 | Halpin Michael | Option exercise | 10K | $16.66 |
| 2026-06-02 | Hopper Jonathan Mark | Option exercise | 4.4K | $16.66 |
| 2026-06-02 | Hopper Jonathan Mark | Sell | 4.4K | $35.00 |
| 2026-05-13 | MCLAUGHLIN KEVIN F | Sell | 3.5K | $32.83 |
| 2026-05-13 | MCLAUGHLIN KEVIN F | Option exercise | 3.5K | $2.63 |
| 2026-05-13 | MCLAUGHLIN KEVIN F | Option exercise | 3.5K | $13.05 |
| 2026-05-13 | MCLAUGHLIN KEVIN F | Sell | 3.5K | $32.82 |
| 2026-05-11 | Wotton Paul K | Sell | 2.5K | $33.05 |
| 2026-05-11 | Wotton Paul K | Sell | 7.5K | $32.64 |
| 2026-05-07 | Mara Joseph Anthony Jr | Sell | 5.0K | $40.50 |
| 2026-05-07 | SIEGAL JONATHAN | Sell | 1.4K | $40.50 |
| 2026-05-06 | SIEGAL JONATHAN | Sell | 3.4K | $38.00 |
| 2026-04-29 | MCLAUGHLIN KEVIN F | Option exercise | 3.2K | — |
| 2026-04-29 | Hagen Heidi | Option exercise | 3.2K | — |
| 2026-04-29 | Wotton Paul K | Option exercise | 3.2K | — |
| 2026-04-29 | ZERBE ROBERT L MD | Option exercise | 3.2K | — |
| 2026-04-29 | Rubino Alan L | Option exercise | 3.2K | — |
| 2026-04-29 | WRIGHT LISA | Option exercise | 3.2K | — |
| 2026-04-02 | Hopper Jonathan Mark | Option exercise | 3.5K | $10.95 |
| 2026-04-02 | Hopper Jonathan Mark | Sell | 3.5K | $35.00 |
| 2026-03-25 | Rubino Alan L | Option exercise | 15K | $2.76 |
| 2026-03-23 | Hagen Heidi | Option exercise | 15K | $2.76 |
| 2026-03-23 | Hagen Heidi | Sell | 15K | $32.41 |
| 2026-03-02 | Flynn Sean C. | Sell | 6.4K | $34.75 |
| 2026-03-02 | Flynn Sean C. | Option exercise | 15K | $16.25 |
| 2026-03-02 | Flynn Sean C. | Sell | 15K | $35.36 |
| 2026-03-02 | Halpin Michael | Sell | 10K | $35.30 |
| 2026-02-24 | Halpin Michael | Option exercise | 5.2K | — |
| 2026-02-24 | SIEGAL JONATHAN | Option exercise | 1.5K | — |
| 2026-02-24 | SIEGAL JONATHAN | Tax withheld | 627 | $38.09 |
| 2026-02-24 | SIEGAL JONATHAN | Option exercise | 1.9K | — |
| 2026-02-24 | SIEGAL JONATHAN | Tax withheld | 738 | $38.25 |
| 2026-02-24 | Halpin Michael | Tax withheld | 2.5K | $38.09 |
| 2026-02-24 | Halpin Michael | Option exercise | 5.2K | — |
| 2026-02-24 | Halpin Michael | Tax withheld | 2.5K | $38.25 |
| 2026-02-24 | Colangelo Dominick | Option exercise | 18K | — |
| 2026-02-24 | Colangelo Dominick | Option exercise | 18K | — |
| 2026-02-24 | Colangelo Dominick | Tax withheld | 8.8K | $38.09 |
| 2026-02-24 | Hopper Jonathan Mark | Option exercise | 350 | — |
| 2026-02-24 | Hopper Jonathan Mark | Option exercise | 3.1K | — |
| 2026-02-24 | Hopper Jonathan Mark | Tax withheld | 1.3K | $38.09 |
| 2026-02-24 | Hopper Jonathan Mark | Option exercise | 1.5K | — |
| 2026-02-24 | Hopper Jonathan Mark | Option exercise | 1.5K | — |
| 2026-02-24 | Hopper Jonathan Mark | Tax withheld | 636 | $38.25 |
| 2026-02-24 | Mara Joseph Anthony Jr | Option exercise | 4.6K | — |
| 2026-02-24 | Mara Joseph Anthony Jr | Tax withheld | 1.4K | $38.09 |
| 2026-02-24 | Mara Joseph Anthony Jr | Option exercise | 4.6K | — |
| 2026-02-24 | Mara Joseph Anthony Jr | Tax withheld | 1.4K | $38.25 |
| 2026-02-24 | Flynn Sean C. | Option exercise | 3.5K | — |
| 2026-02-24 | Flynn Sean C. | Tax withheld | 1.6K | $38.09 |
| 2026-02-24 | Flynn Sean C. | Option exercise | 3.0K | — |
| 2026-02-24 | Flynn Sean C. | Tax withheld | 1.3K | $38.25 |
| 2026-02-18 | Colangelo Dominick | Option exercise | 18K | — |
| 2026-02-18 | Colangelo Dominick | Option exercise | 12K | — |
| 2026-02-18 | Colangelo Dominick | Tax withheld | 5.7K | $37.41 |
| 2026-02-18 | Flynn Sean C. | Option exercise | 3.0K | — |
| 2026-02-18 | Flynn Sean C. | Tax withheld | 1.5K | $36.82 |
| 2026-02-18 | Flynn Sean C. | Option exercise | 2.3K | — |
| 2026-02-18 | Flynn Sean C. | Tax withheld | 1.0K | $37.41 |
| 2026-02-18 | Hopper Jonathan Mark | Option exercise | 3.0K | — |
| 2026-02-18 | Hopper Jonathan Mark | Option exercise | 2.3K | — |
| 2026-02-18 | Hopper Jonathan Mark | Tax withheld | 982 | $37.41 |
| 2026-02-18 | Mara Joseph Anthony Jr | Option exercise | 4.6K | — |
| 2026-02-18 | Mara Joseph Anthony Jr | Tax withheld | 1.5K | $36.82 |
| 2026-02-18 | Mara Joseph Anthony Jr | Option exercise | 2.8K | — |
| 2026-02-18 | Mara Joseph Anthony Jr | Tax withheld | 809 | $37.41 |
| 2026-02-18 | SIEGAL JONATHAN | Option exercise | 2.5K | — |
| 2026-02-18 | SIEGAL JONATHAN | Tax withheld | 1.1K | $36.82 |
| 2026-02-18 | SIEGAL JONATHAN | Option exercise | 420 | — |
| 2026-02-18 | SIEGAL JONATHAN | Tax withheld | 188 | $37.41 |
| 2026-02-18 | Halpin Michael | Option exercise | 5.2K | — |
| 2026-02-18 | Halpin Michael | Tax withheld | 2.5K | $36.82 |
| 2026-02-18 | Halpin Michael | Option exercise | 3.8K | — |
| 2026-02-18 | Halpin Michael | Tax withheld | 1.8K | $37.41 |
| 2026-02-11 | MCLAUGHLIN KEVIN F | Option exercise | 7.0K | $2.63 |
| 2026-02-11 | MCLAUGHLIN KEVIN F | Sell | 7.0K | $34.66 |
| 2026-01-07 | Halpin Michael | Option exercise | 10K | $16.66 |
| 2026-01-07 | Halpin Michael | Sell | 10K | $40.48 |
| 2025-12-03 | Wotton Paul K | Sell | 2.5K | $37.83 |
| 2025-12-02 | Hopper Jonathan Mark | Sell | 1.7K | $39.14 |
| 2025-12-02 | Hopper Jonathan Mark | Option exercise | 1.7K | $18.00 |
| 2025-12-02 | Wotton Paul K | Sell | 2.5K | $37.97 |
| 2025-11-11 | Halpin Michael | Option exercise | 2.6K | $16.66 |
| 2025-11-11 | Halpin Michael | Sell | 2.6K | $40.41 |
| 2025-11-10 | MCLAUGHLIN KEVIN F | Sell | 7.0K | $38.59 |
| 2025-11-10 | MCLAUGHLIN KEVIN F | Option exercise | 7.0K | $2.63 |
| 2025-11-06 | Halpin Michael | Option exercise | 7.4K | $16.66 |
| 2025-11-06 | Halpin Michael | Sell | 7.4K | $40.47 |
| 2025-09-30 | SIEGAL JONATHAN | Option exercise | 938 | — |
| 2025-09-30 | SIEGAL JONATHAN | Tax withheld | 370 | $31.47 |
| 2025-09-02 | Hopper Jonathan Mark | Option exercise | 10K | $18.00 |
| 2025-09-02 | Hopper Jonathan Mark | Sell | 10K | $35.77 |
| 2025-08-06 | MCLAUGHLIN KEVIN F | Option exercise | 7.0K | $2.76 |
| 2025-08-06 | MCLAUGHLIN KEVIN F | Sell | 7.0K | $35.92 |
| 2025-07-22 | Mahoney Karen | Option exercise | 2.6K | — |
| 2025-07-22 | Mahoney Karen | Tax withheld | 771 | $37.98 |
| 2025-06-02 | Hopper Jonathan Mark | Option exercise | 10K | $18.00 |
| 2025-06-02 | Hopper Jonathan Mark | Sell | 10K | $40.09 |
| 2025-05-15 | Colangelo Dominick | Sell | 14K | $41.53 |
| 2025-05-15 | Colangelo Dominick | Option exercise | 14K | $2.65 |
| 2025-05-14 | Colangelo Dominick | Option exercise | 14K | $2.65 |
| 2025-05-14 | Colangelo Dominick | Sell | 14K | $42.25 |
| 2025-05-07 | MCLAUGHLIN KEVIN F | Option exercise | 7.0K | $2.76 |
| 2025-05-07 | MCLAUGHLIN KEVIN F | Sell | 7.0K | $39.98 |
| 2025-04-30 | Hagen Heidi | Option exercise | 3.2K | — |
| 2025-04-30 | MCLAUGHLIN KEVIN F | Option exercise | 3.2K | — |
| 2025-04-30 | Wotton Paul K | Option exercise | 3.2K | — |
| 2025-04-30 | WRIGHT LISA | Option exercise | 3.2K | — |
| 2025-04-30 | ZERBE ROBERT L MD | Option exercise | 3.2K | — |
| 2025-04-30 | Rubino Alan L | Option exercise | 3.2K | — |
| 2025-04-10 | Colangelo Dominick | Sell | 25K | $41.89 |
| 2025-04-10 | Colangelo Dominick | Option exercise | 25K | $2.75 |
| 2025-04-09 | Colangelo Dominick | Option exercise | 25K | $2.75 |
| 2025-04-09 | Colangelo Dominick | Sell | 25K | $41.11 |
| 2025-03-13 | Colangelo Dominick | Option exercise | 27K | $1.95 |
| 2025-03-13 | Colangelo Dominick | Sell | 27K | $45.78 |
| 2025-03-12 | Colangelo Dominick | Option exercise | 27K | $1.95 |
| 2025-03-12 | Colangelo Dominick | Sell | 27K | $46.31 |
| 2025-03-03 | Hopper Jonathan Mark | Option exercise | 10K | $18.00 |
| 2025-03-03 | Halpin Michael | Option exercise | 10K | $16.66 |
| 2025-03-03 | Hopper Jonathan Mark | Sell | 10K | $49.53 |
| 2025-03-03 | Halpin Michael | Sell | 10K | $49.52 |
| 2025-03-03 | Hagen Heidi | Option exercise | 9.0K | $3.74 |
| 2025-03-03 | Hagen Heidi | Sell | 9.0K | $49.53 |
| 2025-03-03 | Mara Joseph Anthony Jr | Sell | 9.0K | $49.53 |
| 2025-02-25 | Flynn Sean C. | Sell | 1.7K | $52.07 |
| 2025-02-25 | SIEGAL JONATHAN | Sell | 1.1K | $52.07 |
| 2025-02-24 | Hopper Jonathan Mark | Option exercise | 1.5K | — |
| 2025-02-24 | Hopper Jonathan Mark | Option exercise | 1.5K | — |
| 2025-02-24 | Hopper Jonathan Mark | Tax withheld | 636 | $52.33 |
| 2025-02-24 | Colangelo Dominick | Option exercise | 18K | — |
| 2025-02-24 | Colangelo Dominick | Tax withheld | 8.5K | $52.33 |
| 2025-02-24 | Halpin Michael | Option exercise | 5.2K | — |
| 2025-02-24 | Halpin Michael | Tax withheld | 2.5K | $52.33 |
| 2025-02-24 | Mara Joseph Anthony Jr | Option exercise | 4.6K | — |
| 2025-02-24 | Mara Joseph Anthony Jr | Tax withheld | 1.4K | $52.33 |
| 2025-02-24 | Flynn Sean C. | Option exercise | 3.0K | — |
| 2025-02-24 | Flynn Sean C. | Tax withheld | 1.3K | $52.33 |
| 2025-02-24 | SIEGAL JONATHAN | Option exercise | 1.9K | — |
| 2025-02-24 | SIEGAL JONATHAN | Tax withheld | 738 | $52.33 |
| 2025-02-20 | Flynn Sean C. | Sell | 3.8K | $57.32 |
| 2025-02-19 | Hopper Jonathan Mark | Option exercise | 1.8K | — |
| 2025-02-19 | Flynn Sean C. | Option exercise | 1.8K | — |
| 2025-02-19 | Flynn Sean C. | Tax withheld | 777 | $57.78 |
| 2025-02-19 | Colangelo Dominick | Option exercise | 8.9K | — |
| 2025-02-19 | Colangelo Dominick | Tax withheld | 4.2K | $57.78 |
| 2025-02-19 | Hopper Jonathan Mark | Tax withheld | 853 | $57.78 |
| 2025-02-19 | SIEGAL JONATHAN | Sell | 1.7K | $56.72 |
| 2025-02-19 | Halpin Michael | Option exercise | 2.8K | — |
| 2025-02-19 | Halpin Michael | Tax withheld | 1.3K | $57.78 |
| 2025-02-18 | Hopper Jonathan Mark | Tax withheld | 985 | $57.28 |
| 2025-02-18 | Colangelo Dominick | Option exercise | 18K | — |
| 2025-02-18 | Colangelo Dominick | Option exercise | 12K | — |
| 2025-02-18 | Colangelo Dominick | Tax withheld | 5.4K | $57.28 |
| 2025-02-18 | Flynn Sean C. | Option exercise | 3.0K | — |
| 2025-02-18 | Flynn Sean C. | Tax withheld | 1.4K | $57.28 |
| 2025-02-18 | Flynn Sean C. | Option exercise | 2.3K | — |
| 2025-02-18 | Flynn Sean C. | Tax withheld | 1.0K | $57.28 |
| 2025-02-18 | Halpin Michael | Option exercise | 5.2K | — |
| 2025-02-18 | Halpin Michael | Tax withheld | 2.6K | $57.28 |
| 2025-02-18 | Halpin Michael | Option exercise | 3.8K | — |
| 2025-02-18 | Halpin Michael | Tax withheld | 1.8K | $57.28 |
| 2025-02-18 | Hopper Jonathan Mark | Option exercise | 3.0K | — |
| 2025-02-18 | Mara Joseph Anthony Jr | Option exercise | 4.6K | — |
| 2025-02-18 | Mara Joseph Anthony Jr | Tax withheld | 1.4K | $57.28 |
| 2025-02-18 | Mara Joseph Anthony Jr | Option exercise | 2.8K | — |
| 2025-02-18 | Mara Joseph Anthony Jr | Tax withheld | 809 | $57.28 |
| 2025-02-18 | SIEGAL JONATHAN | Option exercise | 2.5K | — |
| 2025-02-18 | SIEGAL JONATHAN | Tax withheld | 1.0K | $57.28 |
| 2025-02-18 | SIEGAL JONATHAN | Option exercise | 420 | — |
| 2025-02-18 | SIEGAL JONATHAN | Tax withheld | 166 | $57.28 |
| 2025-02-18 | Hopper Jonathan Mark | Option exercise | 2.3K | — |
| 2025-02-12 | MCLAUGHLIN KEVIN F | Option exercise | 6.0K | $3.74 |
| 2025-02-12 | MCLAUGHLIN KEVIN F | Sell | 6.0K | $55.47 |
| 2025-02-12 | MCLAUGHLIN KEVIN F | Option exercise | 1.0K | $2.76 |
| 2025-02-12 | MCLAUGHLIN KEVIN F | Sell | 1.0K | $55.43 |
| 2025-02-07 | Rubino Alan L | Option exercise | 4.0K | $3.74 |
| 2025-02-07 | Rubino Alan L | Option exercise | 15K | $3.74 |
| 2025-02-05 | ZERBE ROBERT L MD | Option exercise | 2.5K | $13.05 |
| 2025-02-05 | ZERBE ROBERT L MD | Sell | 2.5K | $62.50 |
| 2025-02-05 | SIEGAL JONATHAN | Option exercise | 1.1K | $48.80 |
| 2025-02-05 | SIEGAL JONATHAN | Sell | 1.1K | $61.99 |
| 2025-01-28 | SIEGAL JONATHAN | Option exercise | 3.9K | $48.80 |
| 2025-01-28 | SIEGAL JONATHAN | Sell | 3.9K | $61.99 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (2)
- Matricel GmbH
- MediWound Ltd.
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-18 | 2026-05-18 | 0001140361-26-021892 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001628280-26-031713 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001628280-26-031742 ↗ |
| 8-K | 2026-05-01 | 2026-04-29 | 0001140361-26-018538 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001628280-26-012013 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001628280-26-012003 ↗ |
| 8-K | 2026-01-13 | 2026-01-13 | 0001140361-26-001060 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001628280-25-049880 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001628280-25-049902 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0001628280-25-036859 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0001628280-25-036854 ↗ |
| 10-Q | 2025-05-08 | 2025-03-31 | 0001628280-25-023496 ↗ |