---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-001060"
form_type: "8-K"
ticker: "VCEL"
cik: "0000887359"
company_name: "Vericel Corp"
filed_at: "2025-01-14T23:59:59+00:00"
generated_at: "2026-05-28T02:33:14.612982+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vericel reports preliminary FY2024 revenue up 20% to ~$237M, adj EBITDA margin ~22%; Q4 MACI rev $68.2-68.7M

## Summary
- FY2024 total revenue ~$237-237.5M (+20% YoY); MACI revenue ~$197.2-197.7M (+20%); Burn Care $40M (+22%).
- Q4 2024 MACI revenue $68.2-68.7M (+20-21% YoY, +53% QoQ); gross margin ~77%; net income ~$17.5-18.5M.
- FY2024 adj EBITDA margin ~22%; Q4 adj EBITDA margin ~39%; cash & investments ~$167M, no debt.
- 2025 guidance: revenue growth 20-23%, gross margin 73-74%, adj EBITDA margin 25-26%.
- Mid-term targets raised: gross margin high-70% range, adj EBITDA margin high-30% range by 2029.

## SEC filing metadata
- accession: 0001140361-25-001060
- form_type: 8-K
- ticker: VCEL
- cik: 0000887359
- company_name: Vericel Corp
- filed_at: 2025-01-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887359/000114036125001060/0001140361-25-001060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887359/000114036125001060/ef20041599_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-001060
- JSON: https://secwatch.observer/filing/0001140361-25-001060.json
- Plain text: https://secwatch.observer/filing/0001140361-25-001060.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.