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Side-by-side financial comparison of Vericel Corp (VCEL) and Weave Communications, Inc. (WEAV). Click either name above to swap in a different company.

Vericel Corp is the larger business by last-quarter revenue ($92.9M vs $63.4M, roughly 1.5× Weave Communications, Inc.). Vericel Corp runs the higher net margin — 25.0% vs -2.9%, a 27.9% gap on every dollar of revenue. On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs 17.0%). Vericel Corp produced more free cash flow last quarter ($12.8M vs $5.1M). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs 15.9%).

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

Weave Communications, Inc. develops integrated all-in-one customer engagement and communication platforms tailored for small and medium-sized businesses. Its product suite includes cloud-based phone systems, appointment scheduling, payment processing, review management and text messaging tools, primarily serving local service sectors like dental clinics, healthcare practices and fitness studios across the U.S. and Canada.

VCEL vs WEAV — Head-to-Head

Bigger by revenue
VCEL
VCEL
1.5× larger
VCEL
$92.9M
$63.4M
WEAV
Growing faster (revenue YoY)
VCEL
VCEL
+6.2% gap
VCEL
23.3%
17.0%
WEAV
Higher net margin
VCEL
VCEL
27.9% more per $
VCEL
25.0%
-2.9%
WEAV
More free cash flow
VCEL
VCEL
$7.7M more FCF
VCEL
$12.8M
$5.1M
WEAV
Faster 2-yr revenue CAGR
VCEL
VCEL
Annualised
VCEL
34.6%
15.9%
WEAV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
VCEL
VCEL
WEAV
WEAV
Revenue
$92.9M
$63.4M
Net Profit
$23.2M
$-1.8M
Gross Margin
78.7%
72.7%
Operating Margin
24.1%
-3.4%
Net Margin
25.0%
-2.9%
Revenue YoY
23.3%
17.0%
Net Profit YoY
17.3%
72.5%
EPS (diluted)
$0.46
$-0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
VCEL
VCEL
WEAV
WEAV
Q4 25
$92.9M
$63.4M
Q3 25
$67.5M
$61.3M
Q2 25
$63.2M
$58.5M
Q1 25
$52.6M
$55.8M
Q4 24
$75.4M
$54.2M
Q3 24
$57.9M
$52.4M
Q2 24
$52.7M
$50.6M
Q1 24
$51.3M
$47.2M
Net Profit
VCEL
VCEL
WEAV
WEAV
Q4 25
$23.2M
$-1.8M
Q3 25
$5.1M
$-8.7M
Q2 25
$-553.0K
$-8.7M
Q1 25
$-11.2M
$-8.8M
Q4 24
$19.8M
$-6.7M
Q3 24
$-901.0K
$-5.9M
Q2 24
$-4.7M
$-8.6M
Q1 24
$-3.9M
$-7.2M
Gross Margin
VCEL
VCEL
WEAV
WEAV
Q4 25
78.7%
72.7%
Q3 25
73.5%
72.3%
Q2 25
73.7%
71.7%
Q1 25
69.0%
71.6%
Q4 24
77.6%
72.1%
Q3 24
71.9%
72.0%
Q2 24
69.5%
71.4%
Q1 24
68.9%
69.9%
Operating Margin
VCEL
VCEL
WEAV
WEAV
Q4 25
24.1%
-3.4%
Q3 25
5.1%
-14.6%
Q2 25
-3.2%
-17.4%
Q1 25
-24.3%
-16.7%
Q4 24
24.5%
-13.6%
Q3 24
-4.3%
-12.7%
Q2 24
-11.5%
-18.3%
Q1 24
-10.7%
-17.3%
Net Margin
VCEL
VCEL
WEAV
WEAV
Q4 25
25.0%
-2.9%
Q3 25
7.5%
-14.1%
Q2 25
-0.9%
-14.9%
Q1 25
-21.4%
-15.8%
Q4 24
26.3%
-12.4%
Q3 24
-1.6%
-11.2%
Q2 24
-8.9%
-16.9%
Q1 24
-7.5%
-15.3%
EPS (diluted)
VCEL
VCEL
WEAV
WEAV
Q4 25
$0.46
$-0.03
Q3 25
$0.10
$-0.11
Q2 25
$-0.01
$-0.11
Q1 25
$-0.23
$-0.12
Q4 24
$0.40
$-0.10
Q3 24
$-0.02
$-0.08
Q2 24
$-0.10
$-0.12
Q1 24
$-0.08
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
VCEL
VCEL
WEAV
WEAV
Cash + ST InvestmentsLiquidity on hand
$137.5M
$55.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.6M
$82.4M
Total Assets
$488.0M
$208.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VCEL
VCEL
WEAV
WEAV
Q4 25
$137.5M
$55.0M
Q3 25
$135.4M
$64.4M
Q2 25
$116.9M
$44.7M
Q1 25
$112.9M
$53.4M
Q4 24
$116.2M
$51.6M
Q3 24
$101.7M
$51.1M
Q2 24
$102.5M
$51.7M
Q1 24
$110.6M
$30.6M
Stockholders' Equity
VCEL
VCEL
WEAV
WEAV
Q4 25
$354.6M
$82.4M
Q3 25
$321.9M
$78.6M
Q2 25
$306.8M
$78.9M
Q1 25
$295.5M
$68.6M
Q4 24
$292.0M
$67.0M
Q3 24
$257.5M
$68.8M
Q2 24
$243.0M
$69.8M
Q1 24
$233.9M
$73.4M
Total Assets
VCEL
VCEL
WEAV
WEAV
Q4 25
$488.0M
$208.0M
Q3 25
$453.3M
$206.5M
Q2 25
$435.6M
$204.3M
Q1 25
$424.6M
$188.3M
Q4 24
$432.7M
$188.9M
Q3 24
$390.4M
$192.0M
Q2 24
$376.8M
$191.2M
Q1 24
$356.7M
$190.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
VCEL
VCEL
WEAV
WEAV
Operating Cash FlowLast quarter
$15.0M
$6.2M
Free Cash FlowOCF − Capex
$12.8M
$5.1M
FCF MarginFCF / Revenue
13.8%
8.1%
Capex IntensityCapex / Revenue
2.4%
1.8%
Cash ConversionOCF / Net Profit
0.65×
TTM Free Cash FlowTrailing 4 quarters
$24.7M
$15.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VCEL
VCEL
WEAV
WEAV
Q4 25
$15.0M
$6.2M
Q3 25
$22.1M
$6.1M
Q2 25
$8.2M
$5.4M
Q1 25
$6.6M
$-219.0K
Q4 24
$22.2M
$6.7M
Q3 24
$10.2M
$4.5M
Q2 24
$18.5M
$22.7M
Q1 24
$7.2M
$-19.7M
Free Cash Flow
VCEL
VCEL
WEAV
WEAV
Q4 25
$12.8M
$5.1M
Q3 25
$19.5M
$5.8M
Q2 25
$81.0K
$4.9M
Q1 25
$-7.6M
$-663.0K
Q4 24
$8.5M
$6.3M
Q3 24
$-9.2M
$4.0M
Q2 24
$1.8M
$21.9M
Q1 24
$-6.8M
$-20.2M
FCF Margin
VCEL
VCEL
WEAV
WEAV
Q4 25
13.8%
8.1%
Q3 25
28.8%
9.4%
Q2 25
0.1%
8.4%
Q1 25
-14.5%
-1.2%
Q4 24
11.2%
11.6%
Q3 24
-15.9%
7.5%
Q2 24
3.4%
43.4%
Q1 24
-13.3%
-42.9%
Capex Intensity
VCEL
VCEL
WEAV
WEAV
Q4 25
2.4%
1.8%
Q3 25
3.9%
0.5%
Q2 25
12.9%
0.9%
Q1 25
27.0%
0.8%
Q4 24
18.3%
0.7%
Q3 24
33.5%
1.0%
Q2 24
31.8%
1.5%
Q1 24
27.3%
1.1%
Cash Conversion
VCEL
VCEL
WEAV
WEAV
Q4 25
0.65×
Q3 25
4.35×
Q2 25
Q1 25
Q4 24
1.12×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

WEAV
WEAV

Segment breakdown not available.

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