vs

Side-by-side financial comparison of CollPlant Biotechnologies Ltd (CLGN) and Sanara MedTech Inc. (SMTI). Click either name above to swap in a different company.

Sanara MedTech Inc. is the larger business by last-quarter revenue ($27.5M vs $179.0K, roughly 153.7× CollPlant Biotechnologies Ltd). Sanara MedTech Inc. runs the higher net margin — -5.9% vs -1869.8%, a 1864.0% gap on every dollar of revenue. On growth, Sanara MedTech Inc. posted the faster year-over-year revenue change (4.6% vs -28.1%).

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.

Sanara MedTech Inc. is a US-based medical technology company that develops, manufactures, and distributes innovative surgical, wound care, and post-acute rehabilitation products. It mainly serves healthcare providers, hospitals, and long-term care facilities across North America, with a portfolio of FDA-cleared solutions designed to improve patient outcomes and lower clinical care operational costs.

CLGN vs SMTI — Head-to-Head

Bigger by revenue
SMTI
SMTI
153.7× larger
SMTI
$27.5M
$179.0K
CLGN
Growing faster (revenue YoY)
SMTI
SMTI
+32.7% gap
SMTI
4.6%
-28.1%
CLGN
Higher net margin
SMTI
SMTI
1864.0% more per $
SMTI
-5.9%
-1869.8%
CLGN

Income Statement — Q2 2025 vs Q4 2025

Metric
CLGN
CLGN
SMTI
SMTI
Revenue
$179.0K
$27.5M
Net Profit
$-3.3M
$-1.6M
Gross Margin
-3.9%
93.2%
Operating Margin
-1775.4%
23.5%
Net Margin
-1869.8%
-5.9%
Revenue YoY
-28.1%
4.6%
Net Profit YoY
20.5%
5.3%
EPS (diluted)
$0.28
$-0.32

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
CLGN
CLGN
SMTI
SMTI
Q4 25
$27.5M
Q3 25
$26.3M
Q2 25
$179.0K
$25.8M
Q1 25
$23.4M
Q4 24
$26.3M
Q3 24
$21.7M
Q2 24
$249.0K
$20.2M
Q1 24
$18.5M
Net Profit
CLGN
CLGN
SMTI
SMTI
Q4 25
$-1.6M
Q3 25
$-30.4M
Q2 25
$-3.3M
$-2.0M
Q1 25
$-3.5M
Q4 24
$-1.7M
Q3 24
$-2.9M
Q2 24
$-4.2M
$-3.5M
Q1 24
$-1.8M
Gross Margin
CLGN
CLGN
SMTI
SMTI
Q4 25
93.2%
Q3 25
92.9%
Q2 25
-3.9%
92.5%
Q1 25
92.2%
Q4 24
91.4%
Q3 24
90.8%
Q2 24
-115.3%
90.0%
Q1 24
89.8%
Operating Margin
CLGN
CLGN
SMTI
SMTI
Q4 25
23.5%
Q3 25
11.2%
Q2 25
-1775.4%
-0.1%
Q1 25
-8.9%
Q4 24
18.6%
Q3 24
3.6%
Q2 24
-1769.5%
-14.3%
Q1 24
-8.3%
Net Margin
CLGN
CLGN
SMTI
SMTI
Q4 25
-5.9%
Q3 25
-115.5%
Q2 25
-1869.8%
-7.8%
Q1 25
-15.1%
Q4 24
-6.5%
Q3 24
-13.2%
Q2 24
-1690.8%
-17.4%
Q1 24
-9.5%
EPS (diluted)
CLGN
CLGN
SMTI
SMTI
Q4 25
$-0.32
Q3 25
$-3.40
Q2 25
$0.28
$-0.23
Q1 25
$-0.41
Q4 24
$-0.18
Q3 24
$-0.34
Q2 24
$0.37
$-0.41
Q1 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
CLGN
CLGN
SMTI
SMTI
Cash + ST InvestmentsLiquidity on hand
$11.4M
$16.6M
Total DebtLower is stronger
$46.0M
Stockholders' EquityBook value
$12.5M
$5.9M
Total Assets
$17.4M
$72.9M
Debt / EquityLower = less leverage
7.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLGN
CLGN
SMTI
SMTI
Q4 25
$16.6M
Q3 25
$14.9M
Q2 25
$11.4M
$17.0M
Q1 25
$20.7M
Q4 24
$15.9M
Q3 24
$16.3M
Q2 24
$18.9M
$6.2M
Q1 24
$2.8M
Total Debt
CLGN
CLGN
SMTI
SMTI
Q4 25
$46.0M
Q3 25
$45.1M
Q2 25
$44.2M
Q1 25
$43.4M
Q4 24
$30.7M
Q3 24
$30.1M
Q2 24
$14.4M
Q1 24
$9.7M
Stockholders' Equity
CLGN
CLGN
SMTI
SMTI
Q4 25
$5.9M
Q3 25
$6.1M
Q2 25
$12.5M
$35.4M
Q1 25
$36.7M
Q4 24
$39.4M
Q3 24
$39.8M
Q2 24
$20.7M
$41.7M
Q1 24
$43.3M
Total Assets
CLGN
CLGN
SMTI
SMTI
Q4 25
$72.9M
Q3 25
$71.1M
Q2 25
$17.4M
$98.8M
Q1 25
$96.4M
Q4 24
$88.1M
Q3 24
$88.5M
Q2 24
$26.6M
$73.4M
Q1 24
$70.9M
Debt / Equity
CLGN
CLGN
SMTI
SMTI
Q4 25
7.74×
Q3 25
7.33×
Q2 25
1.25×
Q1 25
1.18×
Q4 24
0.78×
Q3 24
0.76×
Q2 24
0.34×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
CLGN
CLGN
SMTI
SMTI
Operating Cash FlowLast quarter
$3.9M
Free Cash FlowOCF − Capex
$3.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLGN
CLGN
SMTI
SMTI
Q4 25
$3.9M
Q3 25
$2.2M
Q2 25
$2.7M
Q1 25
$-2.0M
Q4 24
$932.0K
Q3 24
$2.1M
Q2 24
$-1.4M
Q1 24
$-1.6M
Free Cash Flow
CLGN
CLGN
SMTI
SMTI
Q4 25
$3.9M
Q3 25
$1.1M
Q2 25
$902.7K
Q1 25
$-3.7M
Q4 24
$859.9K
Q3 24
$2.0M
Q2 24
$-1.5M
Q1 24
$-1.7M
FCF Margin
CLGN
CLGN
SMTI
SMTI
Q4 25
14.0%
Q3 25
4.2%
Q2 25
3.5%
Q1 25
-15.9%
Q4 24
3.3%
Q3 24
9.4%
Q2 24
-7.3%
Q1 24
-9.0%
Capex Intensity
CLGN
CLGN
SMTI
SMTI
Q4 25
0.3%
Q3 25
4.0%
Q2 25
6.8%
Q1 25
7.4%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
0.3%
Q1 24
0.4%

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLGN
CLGN

Segment breakdown not available.

SMTI
SMTI

Soft Tissue Repair Products$24.7M90%
Bone Fusion Products$2.8M10%

Related Comparisons