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

COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $188.3M, roughly 1.1× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 8.3%, a 39.7% gap on every dollar of revenue. On growth, COLLEGIUM PHARMACEUTICAL, INC posted the faster year-over-year revenue change (12.9% vs -21.9%). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs -15.4%).

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.

COLL vs RILY — Head-to-Head

Bigger by revenue
COLL
COLL
1.1× larger
COLL
$205.4M
$188.3M
RILY
Growing faster (revenue YoY)
COLL
COLL
+34.8% gap
COLL
12.9%
-21.9%
RILY
Higher net margin
RILY
RILY
39.7% more per $
RILY
47.9%
8.3%
COLL
Faster 2-yr revenue CAGR
COLL
COLL
Annualised
COLL
19.1%
-15.4%
RILY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLL
COLL
RILY
RILY
Revenue
$205.4M
$188.3M
Net Profit
$17.0M
$90.3M
Gross Margin
62.5%
79.5%
Operating Margin
29.6%
32.3%
Net Margin
8.3%
47.9%
Revenue YoY
12.9%
-21.9%
Net Profit YoY
35.3%
1710.8%
EPS (diluted)
$0.48
$2.78

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
RILY
RILY
Q4 25
$205.4M
$188.3M
Q3 25
$209.4M
$215.3M
Q2 25
$188.0M
$188.2M
Q1 25
$177.8M
$197.2M
Q4 24
$181.9M
$241.0M
Q3 24
$159.3M
$225.5M
Q2 24
$145.3M
$256.0M
Q1 24
$144.9M
$263.4M
Net Profit
COLL
COLL
RILY
RILY
Q4 25
$17.0M
$90.3M
Q3 25
$31.5M
$91.1M
Q2 25
$12.0M
$139.5M
Q1 25
$2.4M
$-10.0M
Q4 24
$12.5M
$-5.6M
Q3 24
$9.3M
$-284.4M
Q2 24
$19.6M
$-433.6M
Q1 24
$27.7M
$-49.2M
Gross Margin
COLL
COLL
RILY
RILY
Q4 25
62.5%
79.5%
Q3 25
61.7%
83.7%
Q2 25
57.7%
81.3%
Q1 25
54.8%
81.4%
Q4 24
54.0%
79.8%
Q3 24
60.8%
82.1%
Q2 24
62.5%
84.5%
Q1 24
63.1%
85.3%
Operating Margin
COLL
COLL
RILY
RILY
Q4 25
29.6%
32.3%
Q3 25
29.7%
30.4%
Q2 25
18.7%
5.7%
Q1 25
12.2%
-31.2%
Q4 24
20.9%
-69.2%
Q3 24
21.9%
-36.4%
Q2 24
32.7%
-90.8%
Q1 24
34.1%
-6.1%
Net Margin
COLL
COLL
RILY
RILY
Q4 25
8.3%
47.9%
Q3 25
15.0%
42.3%
Q2 25
6.4%
74.1%
Q1 25
1.4%
-5.1%
Q4 24
6.9%
-2.3%
Q3 24
5.9%
-126.1%
Q2 24
13.5%
-169.4%
Q1 24
19.1%
-18.7%
EPS (diluted)
COLL
COLL
RILY
RILY
Q4 25
$0.48
$2.78
Q3 25
$0.84
$2.91
Q2 25
$0.34
$4.50
Q1 25
$0.07
$-0.39
Q4 24
$0.36
$-0.01
Q3 24
$0.27
$-9.39
Q2 24
$0.52
$-14.35
Q1 24
$0.71
$-1.71

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$386.7M
$226.6M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$301.7M
$-171.5M
Total Assets
$1.7B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
RILY
RILY
Q4 25
$386.7M
$226.6M
Q3 25
$285.9M
$184.2M
Q2 25
$222.2M
$267.4M
Q1 25
$197.8M
$138.3M
Q4 24
$162.8M
$146.9M
Q3 24
$120.0M
$159.2M
Q2 24
$271.6M
$236.9M
Q1 24
$318.0M
$190.7M
Total Debt
COLL
COLL
RILY
RILY
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
COLL
COLL
RILY
RILY
Q4 25
$301.7M
$-171.5M
Q3 25
$274.8M
$-260.5M
Q2 25
$232.2M
$-351.7M
Q1 25
$234.4M
$-496.8M
Q4 24
$228.8M
$-488.2M
Q3 24
$234.3M
$-497.6M
Q2 24
$216.6M
$-218.3M
Q1 24
$222.2M
$228.4M
Total Assets
COLL
COLL
RILY
RILY
Q4 25
$1.7B
$1.7B
Q3 25
$1.6B
$1.7B
Q2 25
$1.6B
$1.5B
Q1 25
$1.6B
$1.5B
Q4 24
$1.7B
$1.8B
Q3 24
$1.6B
$2.2B
Q2 24
$1.1B
$3.2B
Q1 24
$1.1B
$5.0B

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
RILY
RILY
Operating Cash FlowLast quarter
$123.0M
$26.2M
Free Cash FlowOCF − Capex
$122.4M
FCF MarginFCF / Revenue
59.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
7.25×
0.29×
TTM Free Cash FlowTrailing 4 quarters
$327.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
RILY
RILY
Q4 25
$123.0M
$26.2M
Q3 25
$78.4M
$-60.6M
Q2 25
$72.4M
$-25.6M
Q1 25
$55.4M
$184.0K
Q4 24
$84.6M
$-2.7M
Q3 24
$-9.0M
$19.5M
Q2 24
$67.4M
$111.5M
Q1 24
$61.9M
$135.4M
Free Cash Flow
COLL
COLL
RILY
RILY
Q4 25
$122.4M
Q3 25
$78.3M
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
RILY
RILY
Q4 25
59.6%
Q3 25
37.4%
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
RILY
RILY
Q4 25
0.3%
Q3 25
0.1%
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
RILY
RILY
Q4 25
7.25×
0.29×
Q3 25
2.49×
-0.66×
Q2 25
6.05×
-0.18×
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.

RILY
RILY

Transferred At Point In Time$101.4M54%
Wealth Management Segment$30.7M16%
Corporate Finance Consulting And Investment Banking Fees$27.1M14%
Services And Fees$24.8M13%
Commissions Fees And Reimbursed Expenses$4.8M3%

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