Company Analysis

Collegium Pharmaceutical, Inc. (COLL)

Nasdaq: COLL · Pharmaceutical Preparations · Stoughton, MA · filing with the SEC since 2003
Grade6.4
◀ Past 7.8● Present 6.1▶ Future 5.4

The grade of Collegium Pharmaceutical, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.4/10
◀ Past7.830% of the headline
● Present6.140% of the headline
▶ Future5.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

7.8/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.2/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 82nd percentile among 497 sector filers · read for itself

From the record

Collegium Pharmaceutical, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.2/10

What has it actually done, year after year?

+97.5% a year over 10 filed years; profitable in 5 of 10.

weight 45% of this tense · 82nd percentile among 323 sector filers · read for its customers

From the record

Collegium Pharmaceutical, Inc.'s 10 filed years say what it did: revenue went from $2 million in fiscal 2016 to $781 million in fiscal 2025, up 97.5% a year; it rose in 8 of 9 years; the deepest fall was 11% from fiscal 2020 to fiscal 2021; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span97.5%top 11% of its family
  • the share of years revenue rosetop 18% of its family
  • the share of filed years with a profittop 15% of its family
  • the deepest fall from a revenue peak10.7%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.7/10

How has it treated the people who own it?

Share count grew 5.5% a year. 20% of cash flow returned. Insiders: 14 sales, 0 purchases.

weight 22% of this tense · 66th percentile among 80 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Collegium Pharmaceutical, Inc.'s diluted share count grew about 5.5% a year, and dividends and buybacks returned about 20% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 14 sales (8 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 27% of its family
  • cash returned against operating cash flowtop 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.1/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
6.5/10

Is it financially healthy right now?

ROE 21%: 21¢ of profit per shareholder dollar. Leverage 82%: owes 82¢ per asset dollar.

weight 45% of this tense · 65th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Collegium Pharmaceutical, Inc. earned about 21 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 28 cents per dollar of everything the company owns. Leverage: it owed about 82 cents per dollar of assets, and net share issuance: its share count shrank 1.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 16% of its family
  • return on equitytop 7% of its family
  • gross profit against assetstop 45% of its family
  • the share count against the year beforetop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.6/10

How strong is its position in its industry?

top 24% of 315 in its family; net margin 8.1%.

weight 33% of this tense · 76th percentile among 315 sector filers · read for its customers

From the record

Collegium Pharmaceutical, Inc.'s standing among 315 graded names in its industry family: revenue of $781 million in fiscal 2025 ranks in the top 14% by size; a net margin of 8.1% ranks in the top 19%; revenue growth of 18.9% a year over the last 3 filed years ranks in the top 38% (its annual reports).

What it rests on

  • revenue against the family$781Mtop 14% of its family
  • net margin8.1%top 19% of its family
  • three-year revenue growth18.9%top 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.1/10

What are the people in charge doing?

bottom 31% of 315 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 31st percentile among 315 sector filers · read for its shareholders

From the record

Collegium Pharmaceutical, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Karnani, Vikram (President and CEO, as filed), filing under that title since 2024-11-14, 2 years (bottom 23% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 5.5 years (bottom 47%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 22%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge10 in three years among 13 peoplebottom 22% of its family
  • the median years the people in charge have filed5.5 yearsbottom 47% of its family
  • the chief executive's years on the record2.0 yearsbottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.5/10

How much room does it have to grow?

top 45% of 273 in its family for room to expand.

weight 45% of this tense · 55th percentile among 273 sector filers · read for itself

From the record

Collegium Pharmaceutical, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $231 million against no long-term debt tagged leaves 14% of its assets as net cash, bottom 32% of its family; cash from operations less capital spending is 42% of revenue (top 5%); a gross margin of 59.3% (bottom 37%) (its annual report).

What it rests on

  • cash less debt against assets14.0%bottom 32% of its family
  • cash from operations less capital spending against revenue42.0%top 5% of its family
  • gross margin59.3%bottom 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.5/10

What could actually drive growth from here?

bottom 46% of 306 in its family for growth drivers.

weight 33% of this tense · 46th percentile among 306 sector filers · read for its customers

From the record

Collegium Pharmaceutical, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 18.9% a year over the last three filed years against 97.5% over all 10, slowing (bottom 7% of its family); the newest year grew 23.6% (top 34%); capital spending grew 2.4% a year (top 36%) (its annual reports). Collegium Pharmaceutical, Inc. reported 6 product lines in fiscal 2025: Belbuca at $222 million (28%), Xtampza ER at $199 million (26%), Jornay Pm at $149 million (19%), and 3 more; 5 of 6 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-78.5 points a yearbottom 7% of its family
  • the newest year's revenue growth23.6%top 34% of its family
  • three-year growth of capital spending2.4%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.3/10

Did its newest year beat what its own record pointed to?

top 37% of 233 in its family for expectations against reality.

weight 22% of this tense · 63rd percentile among 233 sector filers · read for its shareholders

From the record

Collegium Pharmaceutical, Inc.'s newest year against its own record: revenue of $781 million in fiscal 2025 came in 6% above the $737 million its prior three years' pace pointed to (top 36% of its family); net income of $63 million against a prior three-year average of $31 million (top 15%); a net margin of 8.1% against 4.7% before (bottom 41%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace6.0%top 36% of its family
  • net income against the prior three years' average+104%top 15% of its family
  • net margin against its prior average+3.4 pointsbottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton COLL · research, not advice