VCEL: the balance sheet

MyFinsight

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	109,295	100,092	100,403	80,532
Restricted cash	NaN	0	0	0
Short-term investments	36,045	37,407	34,977	36,349
Accounts receivable (net of allowance for doubtful accounts of 13 and 13, respectively)	72,383	84,634	60,426	64,290
Inventory	18,351	17,560	18,155	16,831
Other current assets	7,990	7,744	8,006	6,575
Total current assets	244,064	247,437	221,967	204,577
Property and equipment, net	107,113	108,397	109,380	109,848
Intangible assets, net	5,469	5,625	5,781	5,938
Right-of-use assets	63,409	64,774	66,087	67,398
Long-term investments	65,284	61,395	49,664	47,400
Other long-term assets	288	341	395	447
Total assets	485,627	487,969	453,274	435,608

Accounts payable	19,009	15,828	15,335	12,857
Accrued expenses	13,967	19,236	16,286	14,404
Current portion of operating lease liabilities	14,063	13,969	13,845	13,753
Other current liabilities	116	116	116	118
Total current liabilities	47,155	49,149	45,582	41,132
Operating lease liabilities	80,362	82,284	84,161	86,011
Other long-term liabilities	1,879	1,896	1,673	1,656
Total liabilities	129,396	133,329	131,416	128,799
Common stock, no par value shares authorized 75,000 shares issued andoutstanding 51,010 and 50,620, respectively	738,998	730,662	721,140	711,240
Accumulated other comprehensive (loss) gain	-168	275	258	183
Accumulated deficit	-382,599	-376,297	-399,540	-404,614
Total shareholders equity	356,231	354,640	321,858	306,809
Total liabilities and shareholders equity	485,627	487,969	453,274	435,608

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.