Vericel (VCEL) reported second-quarter 2026 total net revenue of $77.5 million, up 22% from $63.2 million a year earlier. Net income was $2.2 million, or $0.04 per diluted share, compared with a net loss of $0.6 million, or $0.01 per diluted share, in the second quarter of 2025.
The company raised its full-year 2026 revenue guidance and announced a $200 million share repurchase program authorized by its board of directors.
- Total net revenue rose 22% to $77.5 million.
- MACI net revenue increased 23% to $65.5 million.
- Burn Care net revenue increased 22% to $12.0 million.
- Gross margin was 73% of net revenue.
- Operating cash flow was $16.2 million, and free cash flow was $14.3 million.
- Full-year 2026 revenue guidance was raised to $330 million to $340 million.
- Vericel reported approximately $227 million in cash and investments and no debt.
$VCEL Insider Trading Activity
$VCEL insiders have traded $VCEL stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.
Here’s a breakdown of recent trading of $VCEL stock by insiders over the last 6 months:
- SEAN C. FLYNN (Chief Legal Officer) has made 0 purchases and 4 sales selling 51,421 shares for an estimated $2,041,279.
- JONATHAN MARK HOPPER (Chief Medical Officer) has made 0 purchases and 4 sales selling 17,847 shares for an estimated $724,645.
- HEIDI HAGEN sold 15,000 shares for an estimated $486,149
- KEVIN F MCLAUGHLIN has made 0 purchases and 3 sales selling 14,000 shares for an estimated $472,395.
- MICHAEL HALPIN (Chief Operating Officer) sold 10,000 shares for an estimated $402,400
- PAUL K WOTTON has made 0 purchases and 2 sales selling 10,000 shares for an estimated $327,425.
- JOSEPH ANTHONY JR MARA (Chief Financial Officer) sold 5,000 shares for an estimated $223,750
- JONATHAN SIEGAL (Principal Accounting Officer) has made 0 purchases and 2 sales selling 2,732 shares for an estimated $122,666.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$VCEL Hedge Fund Activity
We have seen 133 institutional investors add shares of $VCEL stock to their portfolio, and 123 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 2,086,912 shares (-96.0%) from their portfolio in Q1 2026, for an estimated $67,135,959
- SOLEUS CAPITAL MANAGEMENT, L.P. added 1,785,079 shares (+233.6%) to their portfolio in Q1 2026, for an estimated $57,425,991
- CONGRESS ASSET MANAGEMENT CO added 1,409,377 shares (+93.5%) to their portfolio in Q2 2026, for an estimated $62,703,182
- POINT72 ASSET MANAGEMENT, L.P. removed 448,856 shares (-73.2%) from their portfolio in Q1 2026, for an estimated $14,439,697
- TWO SIGMA INVESTMENTS, LP added 445,514 shares (+1127.9%) to their portfolio in Q1 2026, for an estimated $14,332,185
- JANE STREET GROUP, LLC added 409,930 shares (+inf%) to their portfolio in Q1 2026, for an estimated $13,187,448
- CONESTOGA CAPITAL ADVISORS, LLC removed 379,480 shares (-15.4%) from their portfolio in Q2 2026, for an estimated $16,883,065
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
