Collegium Q1 revenue up 23% to $177.8 million; GAAP net income falls to $2.4 million
Collegium reported first-quarter 2025 product revenues, net of $177.8 million, up 23% from a year earlier, and reaffirmed its full-year 2025 guidance. GAAP net income fell to $2.4 million from $27.7 million, while adjusted earnings per share rose to $1.49 from $1.45, so shareholders face higher revenue alongside a sharp drop in reported profit. The board also authorized a $25.0 million accelerated share repurchase program.
Key points
- Product revenues, net rose 23% to $177.8 million from $144.9 million in the first quarter of 2024.
- GAAP net income was $2.4 million, or $0.07 diluted EPS, versus $27.7 million, or $0.71, a year earlier; intangible asset amortization and impairment was $55.5 million.
- Adjusted EPS was $1.49 versus $1.45, and adjusted EBITDA was $95.2 million versus $92.4 million.
- The company reaffirmed 2025 product revenues, net guidance of $735.0 million to $750.0 million and authorized a $25.0 million accelerated share repurchase.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.