Vericel (VCEL) Operating Expenses (2010 - 2026)

Vericel (VCEL) reported Operating Expenses of $57.3 million for Q1 2026, up 16.85% on a YoY basis from $49.1 million in Q1 2025, and up 13.05% sequentially from $50.7 million in Q4 2025.

Vericel (VCEL) Operating Expenses (2010 - 2026) Analysis & Trends

Vericel (VCEL) has 17 years of Operating Expenses data on file, last reported at $57.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 16.85% year-over-year to $57.3 million; the trailing twelve-month figure through Mar 2026 stood at $202.8 million (up 15.35% YoY), and the FY2025 full-year result was $194.6 million, up 16.09% from the prior year.
  • Operating Expenses rose to $57.3 million in Q1 2026, from $50.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $57.3 million in Q1 2026 to a low of $30.7 million in Q1 2022.
  • A 5-year average of $40.5 million and a median of $40.0 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses gained 4.23% in 2022 and rose 26.72% in 2025, its largest moves.
  • Tracing VCEL's Operating Expenses over 5 years: stood at $32.2 million in 2022, then rose by 11.23% to $35.8 million in 2023, then grew by 11.86% to $40.0 million in 2024, then increased by 26.72% to $50.7 million in 2025, then rose by 13.05% to $57.3 million in 2026.
  • Business Quant data shows VCEL's Operating Expenses at $57.3 million in Q1 2026, $50.7 million in Q4 2025, and $46.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -28.01 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 1.10 Bn
4 NuCana 279.75 Bn 279.75 Bn - -3.78 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 445.22 Mn
10 Vericel 2.30 Bn 2.15 Bn 49.27 Mn 57.33 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 57.33 Mn
Dec 31, 2025 50.71 Mn
Sep 30, 2025 46.14 Mn
Jun 30, 2025 48.64 Mn
Mar 31, 2025 49.07 Mn
Dec 31, 2024 40.02 Mn
Sep 30, 2024 44.12 Mn
Jun 30, 2024 42.63 Mn
Mar 31, 2024 40.82 Mn
Dec 31, 2023 35.78 Mn
Sep 30, 2023 35.67 Mn
Jun 30, 2023 35.90 Mn
Mar 31, 2023 34.70 Mn
Dec 31, 2022 32.16 Mn
Sep 30, 2022 32.02 Mn
Jun 30, 2022 31.94 Mn
Mar 31, 2022 30.73 Mn
Dec 31, 2021 29.89 Mn
Sep 30, 2021 27.06 Mn
Jun 30, 2021 30.64 Mn