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

Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $10.2M, roughly 1.6× CollPlant Biotechnologies Ltd). CollPlant Biotechnologies Ltd runs the higher net margin — 56.6% vs -176.6%, a 233.2% gap on every dollar of revenue. On growth, CollPlant Biotechnologies Ltd posted the faster year-over-year revenue change (15330.3% vs -26.9%).

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.

Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.

CLGN vs SPIR — Head-to-Head

Bigger by revenue
SPIR
SPIR
1.6× larger
SPIR
$15.8M
$10.2M
CLGN
Growing faster (revenue YoY)
CLGN
CLGN
+15357.2% gap
CLGN
15330.3%
-26.9%
SPIR
Higher net margin
CLGN
CLGN
233.2% more per $
CLGN
56.6%
-176.6%
SPIR

Income Statement — Q2 FY2023 vs Q4 FY2025

Metric
CLGN
CLGN
SPIR
SPIR
Revenue
$10.2M
$15.8M
Net Profit
$5.8M
$-28.0M
Gross Margin
94.0%
40.2%
Operating Margin
55.7%
-164.1%
Net Margin
56.6%
-176.6%
Revenue YoY
15330.3%
-26.9%
Net Profit YoY
234.5%
42.7%
EPS (diluted)
$0.49
$-0.85

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
SPIR
SPIR
Q4 25
$15.8M
Q3 25
$12.7M
Q2 25
$19.2M
Q1 25
$23.9M
Q4 24
$21.7M
Q3 24
$28.6M
Q2 24
$25.4M
Q1 24
$34.8M
Net Profit
CLGN
CLGN
SPIR
SPIR
Q4 25
$-28.0M
Q3 25
$-19.7M
Q2 25
$119.6M
Q1 25
$-20.7M
Q4 24
$-48.8M
Q3 24
$-12.5M
Q2 24
$-16.6M
Q1 24
$-25.5M
Gross Margin
CLGN
CLGN
SPIR
SPIR
Q4 25
40.2%
Q3 25
36.6%
Q2 25
48.9%
Q1 25
36.8%
Q4 24
32.4%
Q3 24
44.5%
Q2 24
43.0%
Q1 24
26.5%
Operating Margin
CLGN
CLGN
SPIR
SPIR
Q4 25
-164.1%
Q3 25
-166.1%
Q2 25
-122.7%
Q1 25
-106.5%
Q4 24
-144.1%
Q3 24
-48.0%
Q2 24
-48.6%
Q1 24
-34.4%
Net Margin
CLGN
CLGN
SPIR
SPIR
Q4 25
-176.6%
Q3 25
-155.3%
Q2 25
623.4%
Q1 25
-86.5%
Q4 24
-225.2%
Q3 24
-43.7%
Q2 24
-65.2%
Q1 24
-73.3%
EPS (diluted)
CLGN
CLGN
SPIR
SPIR
Q4 25
$-0.85
Q3 25
$-0.61
Q2 25
$3.72
Q1 25
$-0.77
Q4 24
$-1.93
Q3 24
$-0.50
Q2 24
$-0.68
Q1 24
$-1.17

Balance Sheet & Financial Strength

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

Metric
CLGN
CLGN
SPIR
SPIR
Cash + ST InvestmentsLiquidity on hand
$22.3M
$81.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$36.0M
$112.9M
Total Assets
$41.6M
$211.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLGN
CLGN
SPIR
SPIR
Q4 25
$81.8M
Q3 25
$96.8M
Q2 25
$117.6M
Q1 25
$35.9M
Q4 24
$19.2M
Q3 24
$36.6M
Q2 24
$45.8M
Q1 24
$63.7M
Total Debt
CLGN
CLGN
SPIR
SPIR
Q4 25
Q3 25
Q2 25
Q1 25
$103.7M
Q4 24
$103.1M
Q3 24
$4.9M
Q2 24
$4.9M
Q1 24
$123.1M
Stockholders' Equity
CLGN
CLGN
SPIR
SPIR
Q4 25
$112.9M
Q3 25
$133.1M
Q2 25
$149.2M
Q1 25
$3.7M
Q4 24
$-11.7M
Q3 24
$30.8M
Q2 24
$40.3M
Q1 24
$52.5M
Total Assets
CLGN
CLGN
SPIR
SPIR
Q4 25
$211.0M
Q3 25
$224.3M
Q2 25
$239.5M
Q1 25
$208.8M
Q4 24
$193.6M
Q3 24
$224.2M
Q2 24
$230.8M
Q1 24
$252.3M
Debt / Equity
CLGN
CLGN
SPIR
SPIR
Q4 25
Q3 25
Q2 25
Q1 25
27.92×
Q4 24
Q3 24
0.16×
Q2 24
0.12×
Q1 24
2.35×

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
SPIR
SPIR
Operating Cash FlowLast quarter
$-4.3M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-102.1%
Capex IntensityCapex / Revenue
75.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-92.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLGN
CLGN
SPIR
SPIR
Q4 25
$-4.3M
Q3 25
$-12.0M
Q2 25
$-35.1M
Q1 25
$-8.4M
Q4 24
$-19.2M
Q3 24
$14.0M
Q2 24
$-4.4M
Q1 24
$-8.8M
Free Cash Flow
CLGN
CLGN
SPIR
SPIR
Q4 25
$-16.2M
Q3 25
$-20.4M
Q2 25
$-38.7M
Q1 25
$-17.3M
Q4 24
$-24.3M
Q3 24
$5.1M
Q2 24
$-9.9M
Q1 24
$-15.9M
FCF Margin
CLGN
CLGN
SPIR
SPIR
Q4 25
-102.1%
Q3 25
-161.3%
Q2 25
-201.7%
Q1 25
-72.6%
Q4 24
-112.2%
Q3 24
17.8%
Q2 24
-39.0%
Q1 24
-45.7%
Capex Intensity
CLGN
CLGN
SPIR
SPIR
Q4 25
75.1%
Q3 25
66.2%
Q2 25
18.8%
Q1 25
37.3%
Q4 24
23.5%
Q3 24
31.2%
Q2 24
21.8%
Q1 24
20.3%
Cash Conversion
CLGN
CLGN
SPIR
SPIR
Q4 25
Q3 25
Q2 25
-0.29×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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