Vericel (VCEL) Gross Margin (2011 - 2026)

Vericel has disclosed Gross Margin across 16 years of filings, most recently posting 72.0% for Q1 2026.

• Gross Margin for Q1 2026 came in at 72.0%, up 304.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 74.84% (up 230.0% YoY), and the FY2025 annual result was 74.42%, up 187.0% from the prior year.
• Gross Margin came in at 72.0% for Q1 2026 at Vericel, down from 78.7% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 78.7% in Q4 2025 to a low of 61.69% in Q2 2022.
• The 5-year median for Gross Margin is 69.5% (2024), against an average of 70.09%.
• Across the five-year window, Gross Margin sank 640 bps in 2022 and soared 478 bps in 2024, its largest moves.
• Vericel's Gross Margin stood at 72.59% in 2022, then rose by 3 bps to 74.63% in 2023, then rose by 4 bps to 77.61% in 2024, then advanced by 1 bps to 78.7% in 2025, then fell by 9 bps to 72.0% in 2026.
• The last three Gross Margin figures came in at 72.0% (Q1 2026), 78.7% (Q4 2025), and 73.46% (Q3 2025), per Business Quant data.