Quarterly ResultMay 7, 2026, 07:47 AM
Vericel Q1 Revenue +30% to $68.4M; Raises FY26 Guidance to $326-336M
AI Summary
Vericel Corporation reported strong first-quarter 2026 financial results, with total net revenue increasing 30% to $68.4 million. This growth was driven by a 22% rise in MACI net revenue and a 91% surge in Burn Care net revenue. The company also achieved a 72% gross margin and a 195% increase in non-GAAP adjusted EBITDA to $9.6 million, alongside $15.1 million in free cash flow. Based on this performance, Vericel raised its full-year 2026 revenue guidance by $10 million to a range of $326 million to $336 million.
Key Highlights
- Total net revenue increased 30% to $68.4 million in Q1 2026.
- MACI net revenue grew 22% to $56.4 million.
- Burn Care net revenue surged 91% to $12.0 million.
- Non-GAAP adjusted EBITDA increased 195% to $9.6 million.
- Free cash flow was $15.1 million for the quarter.
- Full-year 2026 revenue guidance raised to $326-$336 million.
- Gross margin was 72% for the quarter.
- Net loss was $6.3 million, or $0.12 per diluted share.