Filing Flows › Vericel (VCEL) › Q2 2026 › vs Q1 2026
Vericel (VCEL) Q2 2026 vs Q1 2026 (quarter over quarter)
Vericel's revenue rose $9.0M (+13%) from $68.4M in Q1 2026 to $77.5M in Q2 2026. Gross margin 72.8% against 72.0% (+0.8 pts).
Vericel, Q2 2026: revenue $77.5M (+22% year over year), operating margin 0.6%, net earnings $2.2M, operating cash flow $16.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 72.8% | 72.0% | +0.8 pts |
| Operating margin | 0.6% | -11.8% | +12.3 pts |
| Net margin | 2.8% | -9.2% | +12.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $77.5M | $68.4M | $9.0M | +13% |
| Gross profit | $56.4M | $49.3M | $7.1M | +14% |
| Cost of revenue | $21.1M | $19.2M | $1.9M | +10% |
| Other income, net | $1.8M | $1.8M | $10K | +0.6% |
| Operating profit | $434K | −$8.1M | $8.5M | — |
| Operating expenses | $56.0M | $57.3M | −$1.4M | -2% |
| Pre-tax earnings | $2.2M | −$6.3M | $8.5M | — |
| Research & development | $7.5M | $8.1M | −$611K | -8% |
| Net earnings | $2.2M | −$6.3M | $8.5M | — |
| Depreciation & amortization | $3.6M | $3.3M | $353K | +11% |
| Share-based compensation | $9.1M | $11.3M | −$2.2M | -20% |
| Working capital & other | $1.3M | $8.1M | −$6.8M | -84% |
| Operating cash flow | $16.2M | $16.4M | −$192K | -1% |
Questions
How much did Vericel's revenue grow quarter over quarter in Q2 2026?
Vericel's revenue rose $9.0M (+13%) from $68.4M in Q1 2026 to $77.5M in Q2 2026. Gross margin 72.8% against 72.0% (+0.8 pts).