VCEL Vericel Corp
Price Chart
Executive Summary
Vericel reported Q1 2026 total revenue of $68.4M (+30% YoY), beating the $63.6M consensus, and a GAAP net loss of $0.12/share, which is narrower than the $-0.14 Street consensus. The company raised its full-year 2026 revenue guidance by $10M to $326-336M, driven by 22% MACI growth and 91% Burn Care growth, while maintaining profitability margin targets.
Key Financial Metrics
Actionable Insight
The raised guidance and strong Q1 beat across both franchises (MACI +22%, Burn Care +91%) signal accelerating commercial momentum. The FDA approval for the new manufacturing facility removes a key capacity overhang. Watch for continued MACI implant growth and NexoBrid BARDA contract execution in coming quarters.
Key Facts
- Total Q1 2026 revenue of $68.4M, up 30% YoY from $52.6M, beating $63.6M consensus
- GAAP net loss of $6.3M ($0.12/diluted share) vs $11.2M loss ($0.23) in Q1 2025 — narrower than $-0.14 Street consensus
- Full-year 2026 revenue guidance raised by $10M to $326-336M (from $316-326M)
- MACI revenue grew 22% to $56.4M; Burn Care revenue surged 91% to $12.0M
- Adjusted EBITDA grew 195% to $9.6M (14% of revenue) from $3.2M (6%)
- Operating cash flow of $16.4M and free cash flow of $15.1M, vs negative FCF of $7.6M in Q1 2025
- Received FDA approval for MACI commercial manufacturing at new Burlington facility
- Announced BARDA award valued at up to $197M for NexoBrid procurement and development
Financial Impact
Revenue beat consensus by ~7.5% ($68.4M vs $63.6M); EPS loss of $0.12 was ~14% better than $-0.14 consensus; full-year guidance raised by $10M (+3.1% at midpoint)
Risk Factors
- GAAP net loss persists despite revenue growth; profitability dependent on operating leverage
- Execution risk on new Burlington facility ramp and MACI manufacturing scale-up
- Burn Care revenue can be lumpy due to episodic burn events and Epicel ordering patterns
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-031713 |
| Document: vcel-20260507.htm | 0001628280-26-031713 |
| Document: 0001628280-26-031713-index-headers.html | 0001628280-26-031713 |
| Document: 0001628280-26-031713-index.html | 0001628280-26-031713 |
| Document: 0001628280-26-031713.txt | 0001628280-26-031713 |
| 8-K Data (Synthetic) | 0001628280-26-031713 |
Track record builds as more directional reports settle.
Filters
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Jun 2, 2026
7d ago
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144
| $34.45 $34.74 | ▲ +0.84% | ▲ +1.54% | $37.03 (+7.49%) |
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May 15, 2026
25d ago
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Insider Cluster
| $34.87 $34.49 | ▼ −1.09% | ▼ −0.44% | $37.03 (+6.19%) |
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May 7, 2026
4w ago
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8-K
| $35.13 $33.46 | ▼ −4.75% | ▼ −5.58% | $37.03 (+5.41%) |
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May 7, 2026
4w ago
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Press Release
| $35.13 $33.46 | ▼ −4.75% | ▼ −5.58% | $37.03 (+5.41%) |
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Apr 23, 2026
6w ago
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Press Release
| $34.40 $35.64 | ▲ +3.60% | ▲ +2.82% | $37.03 (+7.65%) |
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Mar 19, 2026
11w ago
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DEFA14A
| $32.74 $31.41 | ▼ −4.06% | ▼ −2.32% | $37.03 (+13.10%) |
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Mar 2, 2026
14w ago
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Insider Cluster
| $35.36 $34.39 | ▼ −2.74% | ▼ −1.83% | $37.03 (+4.72%) |
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Feb 26, 2026
14w ago
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8-K
| $37.68 $35.68 | ▼ −5.31% | ▼ −4.86% | $37.03 (−1.73%) |
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