CLGNNasdaqOrthopedic, Prosthetic & Surgical Appliances & SuppliesUS GAAP · USD

CollPlant Biotechnologies Ltd

CollPlant Biotechnologies Ltd. develops regenerative medicine products based on its recombinant human collagen technology platform. The company is focused on bioinks and scaffold materials used in 3D bioprinting, as well as tissue-related products for orthopedic, prosthetic, and surgical applications, with operations run from Israel and access to U.S. capital markets.

Revenue2.4m USD
+360.4 %y/y
Operating profit (EBIT)-11.5m USD
+33.4 %y/y
EBIT margin-484.3%
+2,865.4 ppy/y
Net income-11.5m USD
+30.8 %y/y
Free cash flow-9.4m USD
+35.2 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-20-1001020m USD2020: 6.1 m USD2020: EBIT -5.6 m USD20202021: 16 m USD2021: EBIT 0.07 m USD20212022: 0.30 m USD2022: EBIT -17 m USD20222023: 11 m USD2023: EBIT -7.5 m USD20232024: 0.52 m USD2024: EBIT -17 m USD20242025: 2.4 m USD2025: EBIT -11 m USD20252.4-11
RevenueOperating profit (EBIT)

Business

Share of revenue
3D bioprinting bioinks45 %

Recombinant collagen-based inks used as the base material for bioprinting tissue constructs.

Biomaterial scaffolds30 %

Collagen-derived scaffold materials designed to support tissue regeneration and implant applications.

Regenerative medicine R&D15 %

Development programs that advance collagen-based platforms and related applications.

Orthopedic and surgical materials10 %

Products and materials for orthopedic, prosthetic, and surgical uses.

Products

Reported · share of revenue
84.4%15.6%FY2025100 %
  • Revenues From Milestones84.4 %
  • Revenues From Sales of Goods15.6 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

CollPlant sells into life sciences and regenerative medicine markets, where customers need advanced biomaterials for research, development, and clinical translation. Its buyers are typically biotechnology and medical-device partners, research organizations, and commercial collaborators that use collagen-based materials in bioprinting or tissue engineering workflows. End users are often hospitals, surgeons, and patients indirectly, through partner products or clinical programs.

Biotechnology and medtech partners

They buy collagen-based materials and platform access to develop regenerative and bioprinted products.

Research institutions and labs

They use bioinks and scaffold materials for preclinical and translational research.

Medical device and surgical customers

They incorporate biomaterials into orthopedic, prosthetic, or surgical applications.

Strategy

CollPlant’s strategy centers on its recombinant human collagen platform and the expansion of its 3D bioprinting and regenerative medicine offerings. Recent disclosures point to product innovation around ready-to-print bioinks and continued development of its collagen-based portfolio, which supports differentiation with partners that need scalable, human-collagen materials. Protecting the platform’s technical position and advancing commercial collaborations are central to its long-term value creation.

Expand rhCollagen product portfolioShort term

A broader product set increases use cases and partner adoption in bioprinting and regenerative medicine.

Build commercial collaborationsMedium term

Partners provide validation, distribution reach, and downstream commercialization pathways.

Advance platform differentiationLong term

Technical differentiation around recombinant human collagen supports pricing power and customer retention.

Geography

2025

CollPlant is headquartered in Israel and serves a business model that is global in research, partnering, and commercialization. The company also accesses U.S. capital markets as a foreign private issuer, while its products and collaborations are relevant to customers across North America, Europe, and other international life-science markets. Geography matters because regulatory pathways, clinical adoption, and partner networks differ materially by region.

United States96 %
Canada4.2 %
Israel0.0 %

Share of the revenue the company reports by geography.

Risks

CollPlant faces development, commercialization, and financing risks typical of early-stage biomaterials and medical technology companies. Its products depend on adoption by partners and customers, regulatory acceptance, and successful execution of product launches, while foreign issuer listing requirements and equity market conditions can also affect the business. Because revenue is tied to emerging applications, delays in partner programs or product adoption can have outsized effects.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Commercialization and adoption risk1Regulatory and clinical risk2Technology and execution risk3Capital market and listing compliance risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Commercialization and adoption riskImpact: HighLikelihood: High

    Bioinks and biomaterials must be adopted by partners and end users before they can scale meaningfully.

    Exposure: 3D bioprinting and regenerative medicine products

  2. Regulatory and clinical riskImpact: HighLikelihood: Medium

    Medical and tissue-related products require regulatory clearance and successful clinical or preclinical progress.

    ExposureOrthopedicProstheticSurgical applications
  3. Technology and execution riskImpact: HighLikelihood: Medium

    Platform companies must keep improving materials performance and manufacturing reproducibility.

    Exposure: rhCollagen and bioink development

  4. Capital market and listing compliance riskImpact: MediumLikelihood: Medium

    The company depends on public-market access and must satisfy exchange requirements.

    Exposure: Nasdaq listing status

Accounting

Judgemental items
Research and development expense

Development-stage activities are expensed as incurred, shaping reported losses and comparability.

Impact: Material to operating results

Share-based compensation

Equity awards can be a meaningful non-cash expense for small biotech companies.

Impact: Affects operating loss and EPS

Foreign currency translation

Israeli operations reporting in U.S. dollars can create translation volatility.

Impact: Affects cash, expenses, and equity

Lease accounting

Operating leases create right-of-use assets and liabilities that affect the balance sheet.

Impact: Affects leverage and asset base

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

CollPlant Biotechnologies Ltd (CLGN) Revenue, Earnings & Financials 2025 – Clarifo