10-Q quarterly report · filed Aug 6, 2026

COLLEGIUM PHARMACEUTICAL, INC (COLL) Q2 2026 10-Q Quarterly Report

Short answer

COLLEGIUM PHARMACEUTICAL, INC (COLL) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $200M (up 6.3% year over year) with net income of −$15M.

Q2 2026 key financials · XBRL

Revenue
$200M
+6.3% YoY · +3.3% QoQ
Net income
−$15M
−225.6% YoY · −203.8% QoQ
Operating margin
1.9%
Gross margin
55.2%
EPS (diluted)
−$0.42
−213.5% YoY · −205.0% QoQ

Source: XBRL data from the COLLEGIUM PHARMACEUTICAL, INC (COLL) Q2 2026 10-Q on SEC EDGAR. USD.

COLLEGIUM PHARMACEUTICAL, INC Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $199.9M vs $188.0M, up $11.9M YoY
  • Net loss $15.1M vs net income $12.0M; operating margin 1.9% vs 18.7%
  • Best performer Jornay PM, revenue up $13.4M; worst Nucynta Products, revenue down $11.1M
  • Cash $129.5M; operating cash flow $128.4M for six months vs $127.8M
  • Azstarys acquisition consumed $655.4M cash; management expects liquidity to fund operations for the foreseeable future

Risk Factors

  • Newly triggered FDA labeling changes following July 31, 2025 opioid safety announcement, including dosing, discontinuation, overdose, and interaction warnings
  • Most materially updated promotional-compliance risk following September 2025 FDA scrutiny and numerous warning letters targeting allegedly misleading pharmaceutical advertising
  • Regulatory risk from mandatory Opioid Analgesic REMS, with FDA modifications potentially increasing commercialization costs and reducing prescribing
  • Near-term operational risk from heightened competition, generic approvals, and physician or payer acceptance affecting product sales
  • Financial risk from $865.5 million term loan, $241.5 million convertible notes, and unhedged floating-rate SOFR exposure

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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