COLL Chart
About

Collegium Pharmaceutical, Inc., a specialty pharmaceutical company, engages in the development and commercialization of medicines for pain management. The company's portfolio includes Jornay PM, a central nervous system stimulant prescription medicine that contains methylphenidate HCl for the treatment of attention deficit hyperactivity disorder; Belbuca, a buccal film that contains buprenorphine for severe and persistent pain that requires an extended treatment period; Xtampza ER, an abuse-deterrent, extended-release, oral formulation of oxycodone for the management of pain severe enough to require daily; Nucynta ER and Nucynta IR, which are extended-release and immediate-release oral formulations of tapentadol, indicated for the management of acute, severe, and persistent pain; and Symproic, an oral formulation of naldemedine for the treatment of opioid-induced constipation in adult patients with chronic non-cancer pain. Collegium Pharmaceutical, Inc. was formerly known as Collegium Pharmaceuticals, Inc. and changed its name to Collegium Pharmaceutical, Inc. in October 2003. The company was incorporated in 2002 and is headquartered in Stoughton, Massachusetts.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Drug Manufacturers - Spe Market Cap 1.18B
Enterprise Value 1.73B Income 62.87M Sales 780.57M
Book/sh 9.51 Cash/sh 12.18 Dividend Yield —
Payout 0.00% Employees 423 IPO —
P/E 21.54 Forward P/E 6.11 PEG —
P/S 1.52 P/B 3.92 P/C —
EV/EBITDA 4.13 EV/Sales 2.22 Quick Ratio 1.36
Current Ratio 1.57 Debt/Eq 310.41 LT Debt/Eq —
EPS (ttm) 1.73 EPS next Y 6.10 EPS Growth 31.50%
Revenue Growth 12.90% Earnings 2026-05-07 ROA 7.27%
ROE 23.70% ROIC — Gross Margin 88.47%
Oper. Margin 30.04% Profit Margin 8.05% Shs Outstand 31.75M
Shs Float 29.61M Short Float 18.08% Short Ratio 11.69
Short Interest — 52W High 50.79 52W Low 23.23
Beta 0.68 Avg Volume 462.41K Volume 489.06K
Target Price $53.83 Recom Buy Prev Close $37.29
Price $37.27 Change -0.05%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$53.83
Mean price target
2. Current target
$37.27
Latest analyst target
3. DCF / Fair value
$182.27
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$37.27
Low
$44.00
High
$60.00
Mean
$53.83

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-26 main Needham Buy → Buy $54
2026-01-09 main Barclays Overweight → Overweight $56
2026-01-09 reit HC Wainwright & Co. Buy → Buy $60
2026-01-08 main Needham Buy → Buy $56
2025-12-09 init Barclays — → Overweight $58
2025-11-07 main Truist Securities Buy → Buy $48
2025-11-07 main HC Wainwright & Co. Buy → Buy $46
2025-10-28 reit Needham Buy → Buy $46
2025-05-09 reit Piper Sandler Neutral → Neutral $37
2025-04-09 reit Needham Buy → Buy $46
2025-03-24 reit HC Wainwright & Co. Buy → Buy $50
2025-02-04 main Piper Sandler Neutral → Neutral $36
2025-01-10 up Needham Hold → Buy $46
2025-01-10 reit HC Wainwright & Co. Buy → Buy $50
2024-10-11 reit Piper Sandler Neutral → Neutral $37
2024-09-05 main HC Wainwright & Co. Buy → Buy $50
2024-08-09 reit Piper Sandler Neutral → Neutral $37
2024-08-09 main Truist Securities Buy → Buy $42
2024-08-09 reit Needham — → Hold —
2024-07-30 up HC Wainwright & Co. Neutral → Buy $47
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 49976 2019437 — Sale at price 40.36 - 40.99 per share. DREYER SCOTT Officer — 2026-03-03 00:00:00 D
1 49725 — — Stock Award(Grant) at price 0.00 per share. DREYER SCOTT Officer — 2026-02-10 00:00:00 D
2 37042 — — Stock Award(Grant) at price 0.00 per share. SMITH THOMAS BRAIN M.D. Officer — 2026-02-10 00:00:00 D
3 59155 — — Stock Award(Grant) at price 0.00 per share. TUPPER COLLEEN Chief Financial Officer — 2026-02-10 00:00:00 D
4 31199 — — Stock Award(Grant) at price 0.00 per share. DIETER DAVID General Counsel — 2026-02-10 00:00:00 D
5 111795 — — Stock Award(Grant) at price 0.00 per share. KARNANI VIKRAM Chief Executive Officer — 2026-02-10 00:00:00 D
6 17600 847855 — Sale at price 47.89 - 48.66 per share. DREYER SCOTT Officer — 2025-12-08 00:00:00 D
7 17600 279840 — Conversion of Exercise of derivative security at price 15.90 per share. DREYER SCOTT Officer — 2025-12-08 00:00:00 D
8 3650 171673 — Sale at price 47.03 per share. BALICE-GORDON RITA J Director — 2025-12-05 00:00:00 D
9 34853 1645536 — Sale at price 47.21 per share. FALLON JOHN A Director — 2025-11-12 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-4.76M-2.51M-8.56M0.00
TaxRateForCalcs0.320.300.360.13
NormalizedEBITDA415.82M350.12M331.83M173.31M
TotalUnusualItems-14.81M-8.41M-23.50M0.00
TotalUnusualItemsExcludingGoodwill-14.81M-8.41M-23.50M0.00
NetIncomeFromContinuingOperationNetMinorityInterest62.87M69.19M48.16M-25.00M
ReconciledDepreciation226.07M169.16M149.26M138.94M
ReconciledCostOfRevenue317.31M254.10M240.60M254.44M
EBITDA401.00M341.70M308.33M173.31M
EBIT174.93M172.54M159.07M34.37M
NetInterestIncome-71.02M-60.00M-67.72M-62.17M
InterestExpense82.31M73.97M83.34M63.21M
InterestIncome11.29M13.98M15.62M1.05M
NormalizedIncome72.92M75.10M63.10M-25.00M
NetIncomeFromContinuingAndDiscontinuedOperation62.87M69.19M48.16M-25.00M
TotalExpenses602.11M464.47M399.81M430.61M
TotalOperatingIncomeAsReported179.64M169.90M166.96M33.32M
DilutedAverageShares39.70M40.42M41.79M33.83M
BasicAverageShares31.71M32.27M33.74M33.83M
DilutedEPS1.731.861.29-0.74
BasicEPS1.982.141.43-0.74
DilutedNIAvailtoComStockholders68.88M75.05M54.04M-25.00M
AverageDilutionEarnings6.01M5.86M5.89M0.00
NetIncomeCommonStockholders62.87M69.19M48.16M-25.00M
NetIncome62.87M69.19M48.16M-25.00M
NetIncomeIncludingNoncontrollingInterests62.87M69.19M48.16M-25.00M
NetIncomeContinuousOperations62.87M69.19M48.16M-25.00M
TaxProvision29.75M29.38M27.58M-3.85M
PretaxIncome92.62M98.57M75.73M-28.85M
OtherIncomeExpense-14.81M-8.41M-23.50M-4.58M
SpecialIncomeCharges-14.81M-8.41M-23.50M0.00
OtherSpecialCharges15.99M11.33M23.50M
RestructuringAndMergernAcquisition-1.18M-2.91M0.000.00
NetNonOperatingInterestIncomeExpense-71.02M-60.00M-67.72M-62.17M
InterestExpenseNonOperating82.31M73.97M83.34M63.21M
InterestIncomeNonOperating11.29M13.98M15.62M1.05M
OperatingIncome178.45M166.98M166.96M33.32M
OperatingExpense284.80M210.36M159.21M176.17M
ResearchAndDevelopment0.000.003.98M9.45M
SellingGeneralAndAdministration284.80M210.36M159.21M172.19M
GrossProfit463.26M377.34M326.17M209.49M
CostOfRevenue317.31M254.10M240.60M254.44M
TotalRevenue780.57M631.45M566.77M463.93M
OperatingRevenue780.57M631.45M566.77M463.93M
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber9.03M8.21M6.32M3.24M
OrdinarySharesNumber31.71M31.44M31.87M33.85M
ShareIssued40.74M39.65M38.19M37.08M
NetDebt578.07M781.92M428.22M527.26M
TotalDebt814.86M859.30M674.28M709.17M
TangibleBookValue-513.76M-824.89M-360.13M-506.32M
InvestedCapital1.11B1.08B862.60M895.79M
WorkingCapital251.38M-27.25M79.69M-13.74M
NetTangibleAssets-513.76M-824.89M-360.13M-506.32M
CapitalLeaseObligations5.54M6.81M7.11M8.22M
CommonStockEquity301.68M228.84M195.43M194.84M
TotalCapitalization1.08B1.02B679.27M733.29M
TotalEquityGrossMinorityInterest301.68M228.84M195.43M194.84M
StockholdersEquity301.68M228.84M195.43M194.84M
GainsLossesNotAffectingRetainedEarnings319.00K55.00K14.00K0.00
OtherEquityAdjustments319.00K55.00K14.00K
TreasuryStock222.51M197.50M137.38M61.92M
RetainedEarnings-101.13M-164.00M-233.19M-281.34M
AdditionalPaidInCapital624.95M590.25M565.95M538.07M
CapitalStock41.00K40.00K38.00K37.00K
CommonStock41.00K40.00K38.00K37.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest1.36B1.43B947.88M979.29M
TotalNonCurrentLiabilitiesNetMinorityInterest915.13M925.24M489.96M545.56M
OtherNonCurrentLiabilities1.18M
NonCurrentDeferredLiabilities130.67M130.61M0.00
NonCurrentDeferredRevenue9.11M10.00M0.00
LongTermDebtAndCapitalLeaseObligation784.46M793.44M489.96M545.56M
LongTermCapitalLeaseObligation4.13M5.54M6.12M7.11M
LongTermDebt780.33M787.90M483.84M538.45M
CurrentLiabilities440.03M509.51M457.92M433.73M
OtherCurrentLiabilities2.44M3.04M
CurrentDeferredLiabilities667.00K0.00
CurrentDeferredRevenue667.00K0.00
CurrentDebtAndCapitalLeaseObligation30.41M65.85M184.32M163.61M
CurrentCapitalLeaseObligation1.41M1.27M988.00K1.11M
CurrentDebt29.00M64.58M183.33M162.50M
OtherCurrentBorrowings29.00M64.58M183.33M162.50M
PensionandOtherPostRetirementBenefitPlansCurrent3.71M4.56M1.38M1.51M
PayablesAndAccruedExpenses402.81M436.05M272.22M268.61M
CurrentAccruedExpenses363.55M387.97M256.38M260.76M
InterestPayable12.02M6.15M2.85M1.41M
Payables39.25M48.08M15.84M7.85M
OtherPayable17.57M28.96M
TotalTaxPayable11.03M15.19M7.15M4.35M
IncomeTaxPayable3.30M8.53M2.14M0.00
AccountsPayable10.66M3.93M8.69M3.49M
TotalAssets1.66B1.66B1.14B1.17B
TotalNonCurrentAssets965.42M1.18B605.71M754.14M
OtherNonCurrentAssets21.25M9.41M1.87M2.65M
NonCurrentDeferredAssets112.54M98.03M26.26M23.95M
NonCurrentDeferredTaxesAssets112.54M98.03M26.26M23.95M
GoodwillAndOtherIntangibleAssets815.43M1.05B555.57M701.16M
OtherIntangibleAssets669.51M891.40M421.71M567.47M
Goodwill145.93M162.33M133.86M133.69M
NetPPE16.20M20.15M22.01M26.38M
AccumulatedDepreciation-16.54M-13.53M-9.68M-6.32M
GrossPPE32.74M33.69M31.69M32.70M
Leases1.23M1.23M1.06M874.00K
ConstructionInProgress1.75M802.00K0.000.00
OtherProperties25.77M27.06M27.11M28.21M
MachineryFurnitureEquipment3.99M4.59M3.52M3.62M
Properties0.000.000.000.00
CurrentAssets691.41M482.26M537.60M419.99M
OtherCurrentAssets3.24M2.74M93.00K57.00K
RestrictedCash19.85M25.00M0.00
PrepaidAssets29.40M27.65M15.10M16.62M
Inventory40.91M35.56M32.33M46.50M
FinishedGoods15.21M16.23M12.70M
WorkInProcess6.74M24.67M1.01M
RawMaterials10.38M5.60M3.69M
Receivables211.33M228.54M179.53M183.12M
AccountsReceivable211.33M228.54M179.53M183.12M
CashCashEquivalentsAndShortTermInvestments386.68M162.76M310.55M173.69M
OtherShortTermInvestments155.43M92.20M71.60M0.00
CashAndCashEquivalents231.25M70.56M238.95M173.69M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow327.58M203.33M274.29M122.61M
RepurchaseOfCapitalStock-25.10M-60.02M-75.00M-14.06M
RepaymentOfDebt-635.56M-305.66M-301.14M-75.00M
IssuanceOfDebt565.17M313.18M235.22M517.68M
CapitalExpenditure-1.74M-1.65M-461.00K-1.62M
InterestPaidSupplementalData68.76M62.43M73.26M52.53M
IncomeTaxPaidSupplementalData60.04M52.09M24.20M10.40M
EndCashPosition252.16M96.61M239.99M176.24M
BeginningCashPosition96.61M239.99M176.24M188.97M
ChangesInCash155.55M-143.38M63.76M-12.74M
FinancingCashFlow-110.25M-60.60M-140.18M436.72M
CashFlowFromContinuingFinancingActivities-110.25M-60.60M-140.18M436.72M
NetOtherFinancingCharges-20.40M-19.17M-8.36M-4.04M
ProceedsFromStockOptionExercised5.64M11.07M9.10M12.15M
NetCommonStockIssuance-25.10M-60.02M-75.00M-14.06M
CommonStockPayments-25.10M-60.02M-75.00M-14.06M
NetIssuancePaymentsOfDebt-70.38M7.52M-65.92M442.68M
NetLongTermDebtIssuance-70.38M7.52M-65.92M442.68M
LongTermDebtPayments-635.56M-305.66M-301.14M-75.00M
LongTermDebtIssuance565.17M313.18M235.22M517.68M
InvestingCashFlow-63.53M-287.76M-70.81M-573.69M
CashFlowFromContinuingInvestingActivities-63.53M-287.76M-70.81M-573.69M
NetInvestmentPurchaseAndSale-61.79M-18.57M-70.35M0.00
SaleOfInvestment65.18M92.60M22.00M0.00
PurchaseOfInvestment-126.97M-111.17M-92.35M0.00
NetBusinessPurchaseAndSale0.00-267.54M0.00-572.07M
PurchaseOfBusiness0.00-267.54M0.00-572.07M
NetIntangiblesPurchaseAndSale0.000.00
PurchaseOfIntangibles0.000.00
NetPPEPurchaseAndSale-1.74M-1.65M-461.00K-1.62M
PurchaseOfPPE-1.74M-1.65M-461.00K-1.62M
OperatingCashFlow329.32M204.98M274.75M124.23M
CashFlowFromContinuingOperatingActivities329.32M204.98M274.75M124.23M
ChangeInWorkingCapital3.76M-54.98M21.73M-12.71M
ChangeInOtherWorkingCapital-197.00K3.00K
ChangeInOtherCurrentLiabilities0.00
ChangeInPayablesAndAccruedExpense74.00K-50.42M2.53M-34.60M
ChangeInAccruedExpense-6.64M-39.14M-2.53M-33.90M
ChangeInPayable6.72M-11.28M5.06M-707.00K
ChangeInAccountPayable6.72M-11.28M5.06M-707.00K
ChangeInPrepaidAssets-7.97M-14.07M1.44M-4.61M
ChangeInInventory-5.35M13.93M14.17M48.27M
ChangeInReceivables17.20M-4.41M3.59M-21.78M
ChangesInAccountReceivables17.20M-4.41M3.59M-21.78M
OtherNonCashItems5.45M6.72M8.36M8.52M
StockBasedCompensation41.91M32.40M27.14M22.87M
AmortizationOfSecurities-1.07M-2.03M-1.24M0.00
DeferredTax-25.66M-26.81M-2.15M-8.39M
DeferredIncomeTax-25.66M-26.81M-2.15M-8.39M
DepreciationAmortizationDepletion226.07M169.16M149.26M138.94M
DepreciationAndAmortization226.07M169.16M149.26M138.94M
AmortizationCashFlow221.89M165.30M145.76M136.25M
AmortizationOfIntangibles221.89M165.30M145.76M136.25M
Depreciation4.18M3.86M3.50M2.68M
OperatingGainsLosses15.99M11.33M23.50M
NetIncomeFromContinuingOperations62.87M69.19M48.16M-25.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for COLL
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