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Vericel (VCEL) R&D spending by quarter

Vericel's R&D spending was $6.9M in Q3 2026 (third quarter 2026), -8% from Q2 2026. Over the last 7 quarters it ranged from $6.3M (Q3 2025) to $8.1M (Q1 2026).

Vericel R&D spending by quarterVericel R&D spending by quarter$7.3MQ1 2025$6.7MQ2 2025$6.3MQ3 2025$7.3MQ4 2025$8.1MQ1 2026$7.5MQ2 2026$6.9MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$6.9M-8%+9%
Q2 2026$7.5M-8%+11%
Q1 2026$8.1M+12%+12%
Q4 2025$7.3M+15%—
Q3 2025$6.3M-6%—
Q2 2025$6.7M-7%—
Q1 2025$7.3M——

Q3 2026 at a glance

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 follows the revenue to costs, profit and cash.

Questions

What is Vericel's R&D spending?

Vericel's R&D spending was $6.9M in Q3 2026 (third quarter 2026), -8% from Q2 2026.

How has Vericel's R&D spending changed?

Over the last 7 quarters it ranged from $6.3M (Q3 2025) to $8.1M (Q1 2026).

Q3 2026 results → · How Vericel makes money →