Filing Flows › Vericel (VCEL) › Q3 2026 › vs Q2 2026
Vericel (VCEL) Q3 2026 vs Q2 2026 (quarter over quarter)
Vericel's revenue rose $7.9M (+10%) from $77.5M in Q2 2026 to $85.4M in Q3 2026. Gross margin 73.3% against 72.8% (+0.5 pts).
Vericel, Q3 2026: revenue $85.4M (+26% year over year), operating margin 14.3%, net earnings $14.2M, operating cash flow $17.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 73.3% | 72.8% | +0.5 pts |
| Operating margin | 14.3% | 0.6% | +13.7 pts |
| Net margin | 16.6% | 2.8% | +13.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $85.4M | $77.5M | $7.9M | +10% |
| Gross profit | $62.6M | $56.4M | $6.2M | +11% |
| Cost of revenue | $22.8M | $21.1M | $1.7M | +8% |
| Other income, net | $2.0M | $1.8M | $203K | +11% |
| Operating profit | $12.2M | $434K | $11.8M | 28× |
| Operating expenses | $50.4M | $56.0M | −$5.5M | -10% |
| Pre-tax earnings | $14.2M | $2.2M | $12.0M | +542% |
| Research & development | $6.9M | $7.5M | −$608K | -8% |
| SG&A | $43.5M | $48.5M | −$4.9M | -10% |
| Net earnings | $14.2M | $2.2M | $12.0M | +542% |
| Depreciation & amortization | $3.6M | $3.6M | $7K | +0.2% |
| Share-based compensation | $7.8M | $9.1M | −$1.3M | -14% |
| Working capital & other | $7.9M | −$1.3M | $9.2M | — |
| Operating cash flow | $17.7M | $16.2M | $1.5M | +9% |
Questions
How much did Vericel's revenue grow quarter over quarter in Q3 2026?
Vericel's revenue rose $7.9M (+10%) from $77.5M in Q2 2026 to $85.4M in Q3 2026. Gross margin 73.3% against 72.8% (+0.5 pts).