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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and Figma, Inc. (FIG). Click either name above to swap in a different company.

Figma, Inc. is the larger business by last-quarter revenue ($274.2M vs $205.4M, roughly 1.3× COLLEGIUM PHARMACEUTICAL, INC). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs -400.1%, a 408.4% gap on every dollar of revenue. On growth, Figma, Inc. posted the faster year-over-year revenue change (38.0% vs 12.9%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $49.5M).

Collegium Pharmaceutical, Inc. is a specialty pharmaceutical firm focused on developing and commercializing innovative, abuse-deterrent pain management therapies. Operating primarily in the U.S. market, it offers extended-release analgesics for chronic pain patients, serving providers across primary and specialty care segments.

Figma is a collaborative web application for interface design, with additional offline features enabled by desktop applications for macOS and Windows. The feature set of Figma focuses on user interface and user experience design, with an emphasis on real-time collaboration, utilizing a variety of vector graphics editor and prototyping tools. The Figma mobile app for Android and iOS allows viewing and interacting with Figma prototypes in real-time on mobile and tablet devices.

COLL vs FIG — Head-to-Head

Bigger by revenue
FIG
FIG
1.3× larger
FIG
$274.2M
$205.4M
COLL
Growing faster (revenue YoY)
FIG
FIG
+25.1% gap
FIG
38.0%
12.9%
COLL
Higher net margin
COLL
COLL
408.4% more per $
COLL
8.3%
-400.1%
FIG
More free cash flow
COLL
COLL
$72.9M more FCF
COLL
$122.4M
$49.5M
FIG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
COLL
COLL
FIG
FIG
Revenue
$205.4M
$274.2M
Net Profit
$17.0M
$-1.1B
Gross Margin
62.5%
69.4%
Operating Margin
29.6%
-414.6%
Net Margin
8.3%
-400.1%
Revenue YoY
12.9%
38.0%
Net Profit YoY
35.3%
-6933.0%
EPS (diluted)
$0.48
$-2.72

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
COLL
COLL
FIG
FIG
Q4 25
$205.4M
Q3 25
$209.4M
$274.2M
Q2 25
$188.0M
$249.6M
Q1 25
$177.8M
Q4 24
$181.9M
Q3 24
$159.3M
$198.6M
Q2 24
$145.3M
$177.2M
Q1 24
$144.9M
Net Profit
COLL
COLL
FIG
FIG
Q4 25
$17.0M
Q3 25
$31.5M
$-1.1B
Q2 25
$12.0M
$28.2M
Q1 25
$2.4M
Q4 24
$12.5M
Q3 24
$9.3M
$-15.6M
Q2 24
$19.6M
$-827.9M
Q1 24
$27.7M
Gross Margin
COLL
COLL
FIG
FIG
Q4 25
62.5%
Q3 25
61.7%
69.4%
Q2 25
57.7%
88.8%
Q1 25
54.8%
Q4 24
54.0%
Q3 24
60.8%
90.6%
Q2 24
62.5%
77.7%
Q1 24
63.1%
Operating Margin
COLL
COLL
FIG
FIG
Q4 25
29.6%
Q3 25
29.7%
-414.6%
Q2 25
18.7%
0.8%
Q1 25
12.2%
Q4 24
20.9%
Q3 24
21.9%
-23.8%
Q2 24
32.7%
-504.7%
Q1 24
34.1%
Net Margin
COLL
COLL
FIG
FIG
Q4 25
8.3%
Q3 25
15.0%
-400.1%
Q2 25
6.4%
11.3%
Q1 25
1.4%
Q4 24
6.9%
Q3 24
5.9%
-7.9%
Q2 24
13.5%
-467.2%
Q1 24
19.1%
EPS (diluted)
COLL
COLL
FIG
FIG
Q4 25
$0.48
Q3 25
$0.84
$-2.72
Q2 25
$0.34
$0.00
Q1 25
$0.07
Q4 24
$0.36
Q3 24
$0.27
$-0.07
Q2 24
$0.52
$-4.39
Q1 24
$0.71

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
FIG
FIG
Cash + ST InvestmentsLiquidity on hand
$386.7M
$1.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$301.7M
$1.4B
Total Assets
$1.7B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
FIG
FIG
Q4 25
$386.7M
Q3 25
$285.9M
$1.6B
Q2 25
$222.2M
$1.6B
Q1 25
$197.8M
Q4 24
$162.8M
Q3 24
$120.0M
$416.1M
Q2 24
$271.6M
$586.1M
Q1 24
$318.0M
Stockholders' Equity
COLL
COLL
FIG
FIG
Q4 25
$301.7M
Q3 25
$274.8M
$1.4B
Q2 25
$232.2M
$1.4B
Q1 25
$234.4M
Q4 24
$228.8M
Q3 24
$234.3M
$1.2B
Q2 24
$216.6M
$862.4M
Q1 24
$222.2M
Total Assets
COLL
COLL
FIG
FIG
Q4 25
$1.7B
Q3 25
$1.6B
$2.1B
Q2 25
$1.6B
$2.0B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$1.6B
Q2 24
$1.1B
Q1 24
$1.1B

Cash Flow & Capital Efficiency

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

Metric
COLL
COLL
FIG
FIG
Operating Cash FlowLast quarter
$123.0M
$51.2M
Free Cash FlowOCF − Capex
$122.4M
$49.5M
FCF MarginFCF / Revenue
59.6%
18.0%
Capex IntensityCapex / Revenue
0.3%
0.6%
Cash ConversionOCF / Net Profit
7.25×
TTM Free Cash FlowTrailing 4 quarters
$327.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
FIG
FIG
Q4 25
$123.0M
Q3 25
$78.4M
$51.2M
Q2 25
$72.4M
Q1 25
$55.4M
Q4 24
$84.6M
Q3 24
$-9.0M
Q2 24
$67.4M
Q1 24
$61.9M
Free Cash Flow
COLL
COLL
FIG
FIG
Q4 25
$122.4M
Q3 25
$78.3M
$49.5M
Q2 25
$72.4M
Q1 25
$54.6M
Q4 24
$84.1M
Q3 24
$-9.2M
Q2 24
$67.1M
Q1 24
$61.4M
FCF Margin
COLL
COLL
FIG
FIG
Q4 25
59.6%
Q3 25
37.4%
18.0%
Q2 25
38.5%
Q1 25
30.7%
Q4 24
46.2%
Q3 24
-5.8%
Q2 24
46.2%
Q1 24
42.3%
Capex Intensity
COLL
COLL
FIG
FIG
Q4 25
0.3%
Q3 25
0.1%
0.6%
Q2 25
0.0%
Q1 25
0.4%
Q4 24
0.3%
Q3 24
0.2%
Q2 24
0.2%
Q1 24
0.4%
Cash Conversion
COLL
COLL
FIG
FIG
Q4 25
7.25×
Q3 25
2.49×
Q2 25
6.05×
Q1 25
22.92×
Q4 24
6.75×
Q3 24
-0.96×
Q2 24
3.44×
Q1 24
2.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COLL
COLL

Segment breakdown not available.

FIG
FIG

Non Us$147.4M54%
US$126.8M46%

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