Vericel (VCEL) Operating Leases (2019 - 2026)
Vericel (VCEL) recorded Operating Leases of $93.13 million in Q2 2026, down 7.3% from $100.44 million a year earlier and down 2.0% from the prior quarter.
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Analysis
Vericel (VCEL) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Vericel reported Operating Leases of $96.89 million, up 8.1% from FY2024.
- Annual Operating Leases has increased for three straight years, with a five-year compound annual growth rate of 14.7% (FY2020 to FY2025).
- Across earlier years, Operating Leases came in at $89.59 million in FY2024 (+9.5%), $81.86 million in FY2023 (+89.2%), $43.27 million in FY2022 (-8.2%) and $47.15 million in FY2021 (-3.5%).
- The Q2 2026 figure is the lowest quarterly Operating Leases since Q4 2024.
- On a year-over-year basis, Operating Leases rose in six of the last eight quarters, with growth averaging 4.3%.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 125.1% in Q3 2021, against a decline of 8.2% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $95.04 million (Q1 2026), $96.89 million (Q4 2025) and $98.67 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn |
| 10 | Vericel | 2.06 Bn | 1.48 Bn | 56.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 93.13 Mn |
| Mar 31, 2026 | 95.04 Mn |
| Dec 31, 2025 | 96.89 Mn |
| Sep 30, 2025 | 98.67 Mn |
| Jun 30, 2025 | 100.44 Mn |
| Mar 31, 2025 | 99.65 Mn |
| Dec 31, 2024 | 89.59 Mn |
| Sep 30, 2024 | 97.46 Mn |
| Jun 30, 2024 | 95.59 Mn |
| Mar 31, 2024 | 92.15 Mn |
| Dec 31, 2023 | 81.86 Mn |
| Sep 30, 2023 | 85.00 Mn |
| Jun 30, 2023 | 83.38 Mn |
| Mar 31, 2023 | 46.88 Mn |
| Dec 31, 2022 | 43.27 Mn |
| Sep 30, 2022 | 48.12 Mn |
| Jun 30, 2022 | 48.18 Mn |
| Mar 31, 2022 | 46.07 Mn |
| Dec 31, 2021 | 47.15 Mn |
| Sep 30, 2021 | 48.54 Mn |
API Access
Vericel Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=VCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "VCEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=VCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();