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Nasdaq · Healthcare

Collegium Pharmaceutical, Inc. (COLL)

As-reported financials and SEC filings for Collegium Pharmaceutical, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Collegium Pharmaceutical, Inc.

Collegium Pharmaceutical, Inc. develops and commercializes pharmaceutical products primarily for the treatment of attention deficit hyperactivity disorder (ADHD) and moderate to severe pain. Its product portfolio includes CNS stimulant medication Jornay PM for ADHD, and opioid analgesics such as Belbuca, Xtampza ER, Nucynta ER and IR, and Symproic for pain management and opioid-induced constipation. The company serves patients in the United States requiring treatment for these conditions.

Snapshot

Revenue
$780.6M
Revenue growth (YoY)
23.6%
Net income
$62.9M
Diluted EPS
$1.73
Gross margin
59.3%
Operating margin
23.0%
Net margin
8.1%
FCF margin
42.0%
ROE
20.8%
net income / fiscal-year-end equity
P/E
17.4×
trailing when available, otherwise FY EPS
Market cap
$719.2M
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Collegium Pharmaceutical

  • Revenue grew 23.6% to $781M in FY2025, faster than the 11.4% the year before.
  • Operating margin is 23.0% in FY2025, +16.6 pp against 6.4% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $200M, up 6.3% from Q2 FY2025.
  • Free cash flow was $328M in FY2025, 42.0% of revenue.
  • Net income fell 9.1% to $63M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Collegium Pharmaceutical’s fundamentals sit among the 198 pharmaceutical companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin59.3%
44th percentile of 69
Operating margin23.0%
85th percentile of 112
Net margin8.1%
63rd percentile of 121
FCF margin42.0%
95th percentile of 110
Revenue growth (YoY)+23.6%
65th percentile of 188
ROE20.8%
85th percentile of 167
P/E17.4×
47th percentile of 50
Short interest6.06d
56th percentile of 197

Collegium Pharmaceutical’s FCF margin of 42.0% ranks in the 95th percentile of the 110 pharmaceutical companies reporting it. Collegium Pharmaceutical’s operating margin of 23.0% ranks in the 85th percentile of the 112 pharmaceutical companies reporting it. Collegium Pharmaceutical’s return on equity of 20.8% ranks in the 85th percentile of the 167 pharmaceutical companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$107.1M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$49.5M1.4MReduced
Millennium ManagementquantQ2 2026$26.7M736.9KAdded
D. E. ShawquantQ2 2026$12.2M338.4KReduced
AQR Capital ManagementquantQ2 2026$5.4M149.8KAdded
Point72 Asset ManagementquantQ2 2026$4.1M114.0KNew
Two Sigma InvestmentsquantQ2 2026$3.9M106.7KReduced
Gotham Asset ManagementQ2 2026$2.8M76.4KAdded
Citadel AdvisorsquantQ2 2026$2.5M68.6KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
0
—
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-18
filed 2026-05-20
John Gordon FreundDirectorSell20$34.05$681
2026-05-15
filed 2026-05-18
John Gordon FreundDirectorSell4.1K$34.54$143K
2026-05-13
filed 2026-05-15
Nancy LurkerDirectorSell4.5K$35.97$162K
2026-05-11
filed 2026-05-13
Garen G. BohlinDirectorSell8.7K$37.18$323K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
5.5M
settled 2026-09-30
Change vs prior
-2.8%
vs previous settlement
Days to cover
6.06
at avg daily volume
Avg daily volume
910.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-305.5M-2.8%6.06
2026-09-155.7M-6.4%6.03
2026-08-316.1M-7.0%8.08
2026-08-146.5M+28.4%6.66
2026-07-315.1M-2.9%17.35
2026-07-155.2M-4.3%11.19
2026-06-305.5M+2.6%10.84
2026-06-155.3M-5.9%13.07

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$780.6M$631.4M$566.8M$463.9M$276.9M
Gross profit
Operating income$179.6M$169.9M$167.0M$33.3M$17.6M
Net income$62.9M$69.2M$48.2M$-25.0M$71.5M
Diluted EPS$1.73$1.86$1.29$-0.74$1.86

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$231.3M$70.6M$238.9M$173.7M$186.4M
Current assets$691.4M$482.3M$537.6M$420.0M$315.5M
Total assets$1.66B$1.66B$1.14B$1.17B$692.1M
Current liabilities$440.0M$509.5M$457.9M$433.7M$279.6M
Long-term debt—————
Total liabilities$1.36B$1.43B$947.9M$979.3M$489.1M
Total equity$301.7M$228.8M$195.4M$194.8M$202.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$329.3M$205.0M$274.7M$124.2M$103.6M
Capital expenditure$1.7M$1.7M$461,000$1.6M$1.9M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$199.9M6.3%$-15.1M$-0.46
Q1 FY2026$193.5M8.9%$14.5M$0.40
Q4 FY202512.9%
Q3 FY2025$209.4M31.4%$31.5M$0.84
Q2 FY2025$188.0M29.4%$12.0M$0.34
Q1 FY2025$177.8M22.7%$2.4M$0.07
Q4 FY202421.5%
Q3 FY2024$159.3M16.5%$9.3M$0.27

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryPharmaceutical Preparations
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2003
SEC CIK1267565

Selected SEC filings

10-K2026-02-26
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-13
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K/A2026-06-30
View on EDGAR →
8-K2026-05-15
View on EDGAR →

Largest pharmaceutical peers

All pharmaceutical stocks →All Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.