AI Earnings Predictions for Vericel Corporation (VCEL)

EX-99.1

2 ex991earningsreleaseq32026.htm

EX-99.1

Document

Exhibit 99.1

Vericel Corporation

25 Blue Sky Drive Burlington, MA 01803

T 617 588-5555 F 617 588-5554

www.vcel.com

Vericel Reports Third Quarter 2026 Financial Results and Raises Full-Year Financial Guidance

Total Revenue Growth of 26% to $85.4 Million

Net Income Increased 179% to $14.2 Million

Adjusted EBITDA Margin of 30%

Raised Full-Year Revenue Guidance to $344 to $346 Million and Adjusted EBITDA Margin Guidance to 28%

Conference Call Today at 8:30am Eastern Time

BURLINGTON, Mass., November 5, 2026 (GLOBE NEWSWIRE) — Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, today reported financial results and business highlights for the third quarter ended September 30, 2026.

Third Quarter 2026 Financial Highlights

•Total net revenue growth of 26% to $85.4 million

•MACI® net revenue growth of 21% to $67.4 million

•Burn Care net revenue growth of 52% to $18.0 million, with Epicel® revenue of $12.7 million and NexoBrid® revenue of $5.3 million

•Gross margin of 73%

•Net income increased 179% to $14.2 million, or $0.27 per diluted share

•Non-GAAP adjusted EBITDA increased 48% to $25.2 million, or 30% of revenue

•Operating cash flow of $17.7 million

•Free cash flow of $15.7 million

•$235.6 million in cash and investments, and no debt

Year-to-Date 2026 Financial Highlights

•Total net revenue growth of 26% to $231.3 million

•MACI net revenue growth of 22% to $189.3 million

•Burn Care net revenue growth of 50% to $42.0 million

•Adjusted EBITDA growth of 48% to $49.6 million

•Operating cash flow of $50.3 million

•Free cash flow of $45.1 million

1

Exhibit 99.1

Business Highlights and Updates

•Record third quarter total revenue and MACI revenue, and the highest quarterly Burn Care revenue to date

•MACI revenue growth of 20% or more for the sixth consecutive quarter

•Highest Epicel quarterly revenue since launch, which increased 23% versus the prior year

•Highest NexoBrid quarterly commercial revenue since launch, with 54% growth versus the prior year and 46% growth versus the prior quarter

•Recognized $3.0 million of BARDA procurement revenue in the third quarter

•Record third quarter MACI biopsies, implants and biopsy and implanting surgeons, with biopsy growth increasing each quarter this year compared to the prior year

•Highest number of MACI Arthro cases in any quarter since launch in the third quarter

•The Company remains on track for a potential MACI launch in the U.K. in 2027

•Repurchased 220,744 shares of common stock for $8.8 million during the quarter, with $191.2 million of share repurchase authorization remaining as of September 30, 2026

“The Company delivered outstanding financial and business results in the third quarter as we continue to generate top-tier revenue and profit growth as well as significant free cash flow, while also returning capital to shareholders,” said Nick Colangelo, President and CEO of Vericel. “Given our third quarter outperformance and the strong start to the fourth quarter for both commercial businesses, and particularly for MACI, we believe that the Company is very well-positioned for a strong close to 2026 and to sustain this momentum in 2027 and beyond.”

2026 Full-Year Financial Guidance

•Raised total revenue guidance to $344 to $346 million, compared to $330 to $340 million previously

•Raised MACI revenue guidance to $290 to $292 million, compared to $284 to $290 million previously

•Raised Burn Care revenue guidance to $54 million, compared to $46 to $50 million previously

•Raised adjusted EBITDA margin guidance to 28%, compared to 27% previously

•Reaffirmed full-year gross margin of approximately 75%

Third Quarter 2026 Results

Total net revenue for the quarter ended September 30, 2026 increased 26% to $85.4 million, compared to $67.5 million in the third quarter of 2025. Total net product revenue for the quarter included $67.4 million of MACI (autologous cultured chondrocytes on porcine collagen membrane) net revenue, $12.7 million of Epicel (cultured epidermal autografts) net revenue, $2.3 million of NexoBrid (anacaulase-bcdb) commercial net revenue and $3.0 million of NexoBrid BARDA procurement revenue, compared to $55.7 million of MACI net revenue, $10.4 million of Epicel net revenue, and $1.5 million of commercial NexoBrid net revenue, respectively, in the third quarter of 2025.

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Exhibit 99.1

Gross profit for the quarter ended September 30, 2026 was $62.6 million, or 73% of net revenue, compared to $49.6 million, or 73% of net revenue, for the third quarter of 2025.

Total operating expenses for the quarter ended September 30, 2026 were $50.4 million, compared to $46.1 million for the same period in 2025. The increase in operating expenses was primarily due to increased headcount and related employee expenses, including the

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