VERICEL CORPORATION (VCEL) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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VERICEL CORPORATION cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Stock-based compensation expense → operating reconciliation: $20,377,000.00Accounts receivable → operating reconciliation: $8,922,000.00Depreciation and amortization expense → operating reconciliation: $6,887,000.00Accounts payable → operating reconciliation: $4,161,000.00Non-cash lease costs → operating reconciliation: $2,760,000.00Provision for excess and obsolete inventory → operating reconciliation: $325,000.00Amortization of debt issuance costs → operating reconciliation: $108,000.00Other non-current assets and liabilities, net → operating reconciliation: $62,000.00Other → operating reconciliation: $32,000.00operating reconciliation → Net cash from operating activities: $32,574,000.00operating reconciliation → Net loss: $4,096,000.00operating reconciliation → Operating lease liabilities: $3,716,000.00operating reconciliation → Accrued expenses: $1,588,000.00operating reconciliation → Inventory: $1,147,000.00operating reconciliation → Other current assets: $434,000.00operating reconciliation → Amortization of premiums and discounts on marketable securities: $79,000.00Sales and maturities of investments → investing reconciliation: $25,211,000.00Net cash used in investing activities → investing reconciliation: $7,021,000.00investing reconciliation → Purchases of investments: $29,043,000.00investing reconciliation → Expenditures for property and equipment: $3,189,000.00Net cash used in financing activities → financing reconciliation: $287,000.00Net proceeds from common stock issuance → financing reconciliation: $4,421,000.00financing reconciliation → Payments on employees’ behalf for taxes related to vesting of restricted stock unit awards: $4,664,000.00financing reconciliation → Other: $44,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $100,092,000.00Net cash from operating activities → Cash sources and uses: $32,574,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $125,358,000.00Cash sources and uses → Net cash used in investing activities: $7,021,000.00Cash sources and uses → Net cash used in financing activities: $287,000.00Net loss: -$4,096,000.00Net loss−$4.10 MAmortization of premiums and discounts on marketable securities: -$79,000.00Investment discount & premium−$79.00 KNon-cash lease costs: $2,760,000.00Operating lease amortization+$2.76 MOther: $32,000.00Other non-cash items+$32.00 KStock-based compensation expense: $20,377,000.00Stock-based compensation+$20.38 MAccrued expenses: -$1,588,000.00Accrued liabilities−$1.59 MOther non-current assets and liabilities, net: $62,000.00Other operating liabilities+$62.00 KAccounts payable: $4,161,000.00Accounts payable+$4.16 MOperating lease liabilities: -$3,716,000.00Operating lease liabilities−$3.72 MAmortization of debt issuance costs: $108,000.00Debt issuance cost amortization+$108.00 KOther current assets: -$434,000.00Other current assets−$434.00 KInventory: -$1,147,000.00Inventories−$1.15 MDepreciation and amortization expense: $6,887,000.00Depreciation & amortization+$6.89 MAccounts receivable: $8,922,000.00Receivables, net+$8.92 MProvision for excess and obsolete inventory: $325,000.00Inventory write-downs+$325.00 KNet cash from operating activities: $32,574,000.00Operating cash+$32.57 Moperating reconciliation: $43,634,000.00Net proceeds from common stock issuance: $4,421,000.00Common stock issued+$4.42 MOther: -$44,000.00Other financing, net−$44.00 KPayments on employees’ behalf for taxes related to vesting of restricted stock unit awards: -$4,664,000.00Stock-award tax withholding−$4.66 MNet cash used in financing activities: -$287,000.00. Cash required to fund net payments.Financing cash−$287.00 Kfinancing reconciliation: $4,708,000.00Purchases of investments: -$29,043,000.00Short-term investment purchases−$29.04 MSales and maturities of investments: $25,211,000.00Investment sales & maturities+$25.21 MExpenditures for property and equipment: -$3,189,000.00PP&E purchases−$3.19 MNet cash used in investing activities: -$7,021,000.00. Cash required to fund net payments.Investing cash−$7.02 Minvesting reconciliation: $32,232,000.00Cash sources and uses: $132,666,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $100,092,000.00Beginning cash$100.09 MEnding cash: Cash, cash equivalents, and restricted cash: $125,358,000.00Ending cash$125.36 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$4.10M + net operating adjustments $36.67M = operating cash +$32.57MFree cash flow$29.39 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$25.27 MEnding cash − beginning cash
Chart details

VERICEL CORPORATION cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
100,092,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
32,574,000 US dollars. Net cash provided.
Net loss
negative 4,096,000 US dollars
Amortization of premiums and discounts on marketable securities
negative 79,000 US dollars
Non-cash lease costs
2,760,000 US dollars
Other
32,000 US dollars
Stock-based compensation expense
20,377,000 US dollars
Accrued expenses
negative 1,588,000 US dollars
Other non-current assets and liabilities, net
62,000 US dollars
Accounts payable
4,161,000 US dollars
Operating lease liabilities
negative 3,716,000 US dollars
Amortization of debt issuance costs
108,000 US dollars
Other current assets
negative 434,000 US dollars
Inventory
negative 1,147,000 US dollars
Depreciation and amortization expense
6,887,000 US dollars
Accounts receivable
8,922,000 US dollars
Provision for excess and obsolete inventory
325,000 US dollars
Investing activities
negative 7,021,000 US dollars. Net cash used.
Purchases of investments
negative 29,043,000 US dollars
Sales and maturities of investments
25,211,000 US dollars
Expenditures for property and equipment
negative 3,189,000 US dollars
Financing activities
negative 287,000 US dollars. Net cash used.
Net proceeds from common stock issuance
4,421,000 US dollars
Other
negative 44,000 US dollars
Payments on employees’ behalf for taxes related to vesting of restricted stock unit awards
negative 4,664,000 US dollars
Operating adjustment reconciliation
43,634,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
4,708,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
32,232,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
125,358,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
132,666,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
25,266,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
32,574,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
3,189,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
29,385,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$4.10M + net operating adjustments $36.67M = operating cash +$32.57M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 32,574,000 US dollars minus 3,189,000 US dollars equals 29,385,000 US dollars.
VERICEL CORPORATION (VCEL) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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