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Side-by-side financial comparison of Cadre Holdings, Inc. (CDRE) and CollPlant Biotechnologies Ltd (CLGN). Click either name above to swap in a different company.

Cadre Holdings, Inc. is the larger business by last-quarter revenue ($167.2M vs $179.0K, roughly 934.2× CollPlant Biotechnologies Ltd). Cadre Holdings, Inc. runs the higher net margin — 7.0% vs -1869.8%, a 1876.9% gap on every dollar of revenue. On growth, Cadre Holdings, Inc. posted the faster year-over-year revenue change (-5.0% vs -28.1%).

RealCadre LLC, commonly Cadre, is an American financial technology company that provides individuals and institutions direct access to real estate investment properties, including commercial properties based in New York. The business and financial press describe it as a platform that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fu...

CollPlant Biotechnologies Ltd is a regenerative medicine company focused on developing and commercializing advanced products using its proprietary plant-derived human collagen technology. Its core offerings cover wound care, soft tissue repair, and aesthetic medicine solutions, targeting key markets across North America, Europe, and Israel, serving healthcare providers in dermatology, orthopedics and cosmetic care segments.

CDRE vs CLGN — Head-to-Head

Bigger by revenue
CDRE
CDRE
934.2× larger
CDRE
$167.2M
$179.0K
CLGN
Growing faster (revenue YoY)
CDRE
CDRE
+23.1% gap
CDRE
-5.0%
-28.1%
CLGN
Higher net margin
CDRE
CDRE
1876.9% more per $
CDRE
7.0%
-1869.8%
CLGN

Income Statement — Q4 2025 vs Q2 2025

Metric
CDRE
CDRE
CLGN
CLGN
Revenue
$167.2M
$179.0K
Net Profit
$11.7M
$-3.3M
Gross Margin
43.4%
-3.9%
Operating Margin
12.2%
-1775.4%
Net Margin
7.0%
-1869.8%
Revenue YoY
-5.0%
-28.1%
Net Profit YoY
-9.6%
20.5%
EPS (diluted)
$0.22
$0.28

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
CDRE
CDRE
CLGN
CLGN
Q4 25
$167.2M
Q3 25
$155.9M
Q2 25
$157.1M
$179.0K
Q1 25
$130.1M
Q4 24
$176.0M
Q3 24
$109.4M
Q2 24
$144.3M
$249.0K
Q1 24
$137.9M
Net Profit
CDRE
CDRE
CLGN
CLGN
Q4 25
$11.7M
Q3 25
$10.9M
Q2 25
$12.2M
$-3.3M
Q1 25
$9.2M
Q4 24
$13.0M
Q3 24
$3.7M
Q2 24
$12.6M
$-4.2M
Q1 24
$6.9M
Gross Margin
CDRE
CDRE
CLGN
CLGN
Q4 25
43.4%
Q3 25
42.7%
Q2 25
40.9%
-3.9%
Q1 25
43.1%
Q4 24
43.9%
Q3 24
36.6%
Q2 24
40.6%
-115.3%
Q1 24
41.8%
Operating Margin
CDRE
CDRE
CLGN
CLGN
Q4 25
12.2%
Q3 25
12.0%
Q2 25
9.3%
-1775.4%
Q1 25
10.4%
Q4 24
16.7%
Q3 24
5.0%
Q2 24
13.8%
-1769.5%
Q1 24
8.7%
Net Margin
CDRE
CDRE
CLGN
CLGN
Q4 25
7.0%
Q3 25
7.0%
Q2 25
7.8%
-1869.8%
Q1 25
7.1%
Q4 24
7.4%
Q3 24
3.3%
Q2 24
8.7%
-1690.8%
Q1 24
5.0%
EPS (diluted)
CDRE
CDRE
CLGN
CLGN
Q4 25
$0.22
Q3 25
$0.27
Q2 25
$0.30
$0.28
Q1 25
$0.23
Q4 24
$0.32
Q3 24
$0.09
Q2 24
$0.31
$0.37
Q1 24
$0.18

Balance Sheet & Financial Strength

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

Metric
CDRE
CDRE
CLGN
CLGN
Cash + ST InvestmentsLiquidity on hand
$122.9M
$11.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$317.8M
$12.5M
Total Assets
$770.0M
$17.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDRE
CDRE
CLGN
CLGN
Q4 25
$122.9M
Q3 25
$150.9M
Q2 25
$137.5M
$11.4M
Q1 25
$133.4M
Q4 24
$124.9M
Q3 24
$93.0M
Q2 24
$105.9M
$18.9M
Q1 24
$87.1M
Stockholders' Equity
CDRE
CDRE
CLGN
CLGN
Q4 25
$317.8M
Q3 25
$340.4M
Q2 25
$332.5M
$12.5M
Q1 25
$317.6M
Q4 24
$311.5M
Q3 24
$300.3M
Q2 24
$299.4M
$20.7M
Q1 24
$270.7M
Total Assets
CDRE
CDRE
CLGN
CLGN
Q4 25
$770.0M
Q3 25
$792.1M
Q2 25
$794.4M
$17.4M
Q1 25
$656.3M
Q4 24
$652.7M
Q3 24
$616.6M
Q2 24
$620.6M
$26.6M
Q1 24
$599.4M

Cash Flow & Capital Efficiency

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

Metric
CDRE
CDRE
CLGN
CLGN
Operating Cash FlowLast quarter
$21.3M
Free Cash FlowOCF − Capex
$18.0M
FCF MarginFCF / Revenue
10.7%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDRE
CDRE
CLGN
CLGN
Q4 25
$21.3M
Q3 25
$22.5M
Q2 25
$2.6M
Q1 25
$17.4M
Q4 24
$23.7M
Q3 24
$-5.2M
Q2 24
$11.1M
Q1 24
$2.1M
Free Cash Flow
CDRE
CDRE
CLGN
CLGN
Q4 25
$18.0M
Q3 25
$21.6M
Q2 25
$1.2M
Q1 25
$16.1M
Q4 24
$22.4M
Q3 24
$-6.2M
Q2 24
$9.1M
Q1 24
$794.0K
FCF Margin
CDRE
CDRE
CLGN
CLGN
Q4 25
10.7%
Q3 25
13.9%
Q2 25
0.7%
Q1 25
12.4%
Q4 24
12.7%
Q3 24
-5.7%
Q2 24
6.3%
Q1 24
0.6%
Capex Intensity
CDRE
CDRE
CLGN
CLGN
Q4 25
2.0%
Q3 25
0.5%
Q2 25
0.9%
Q1 25
1.0%
Q4 24
0.7%
Q3 24
0.9%
Q2 24
1.4%
Q1 24
1.0%
Cash Conversion
CDRE
CDRE
CLGN
CLGN
Q4 25
1.81×
Q3 25
2.05×
Q2 25
0.21×
Q1 25
1.88×
Q4 24
1.83×
Q3 24
-1.43×
Q2 24
0.89×
Q1 24
0.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CDRE
CDRE

U.s.state And Local Agencies$72.7M43%
Other$48.6M29%
U.s.Federal Agencies$31.6M19%
Commercial$12.0M7%

CLGN
CLGN

Segment breakdown not available.

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