10-Q quarterly report · filed Nov 6, 2025

Vericel Corp (VCEL) Q3 2025 10-Q Quarterly Report

Short answer

Vericel Corp (VCEL) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $68M (up 16.6% year over year) with net income of $5M.

Q3 2025 key financials · XBRL

Revenue
$68M
+16.6% YoY · +6.7% QoQ
Net income
$5M
+663.2% YoY · +1017.5% QoQ
Operating margin
5.1%
Gross margin
73.5%
EPS (diluted)
$0.11
+1200.0% YoY · +1200.0% QoQ

Source: XBRL data from the Vericel Corp (VCEL) Q3 2025 10-Q on SEC EDGAR. USD.

Vericel Corp Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New FDA operational risk from 2025 federal employee layoffs affecting review of MACI Ankle IND and clinical trial enrollment start in H2 2025
  • Most material update: disruptions and leadership resignations at FDA causing potential delays in inspections and approvals of manufacturing facilities
  • Regulatory risk: new Trump administration executive orders and creation of Department of Government Efficiency could reduce FDA funding and increase approval delays
  • Operational risk: uncertainty from 2025 presidential administration change may alter FDA policies, affecting speed and likelihood of product approvals
  • Financial risk from government budget unpredictability threatening funding for FDA and agencies critical to product development and regulatory review

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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