CollPlant reported $108,000 in revenue and a GAAP net loss of $2.7 million, or $1.89 per basic share, for the quarter ended June 30, 2026. A Reddit earnings roundup described the result as a $1.65-per-share miss and said revenue fell short of estimates, but CollPlant’s release does not publish analyst consensus figures, so those estimate comparisons cannot be independently verified from the company’s results.
What CollPlant reported for Q2 2026
CollPlant Biotechnologies Ltd.’s quarter ended June 30, 2026, produced lower revenue than the same quarter a year earlier. The company attributed the decrease primarily to lower sales of its rhCollagen-based products.
| Measure | Q2 2026 | Q2 2025 |
|---|---|---|
| GAAP revenue | $108,000 | $179,000 |
| GAAP gross loss | $456,000 | $7,000 |
| GAAP net loss | $2.7 million | $3.3 million |
| GAAP basic loss per share | $1.89 | $2.83 |
The company also reported a non-GAAP net loss of $2.4 million, or $1.69 per share, for Q2 2026. That is a supplemental measure and should not be confused with the GAAP net loss or GAAP per-share result; CollPlant says non-GAAP information is not a substitute for financial information prepared under GAAP. See the company’s Q2 2026 results release.
Is the $1.65 earnings miss confirmed?
The $1.65 miss figure appears in an October 1, 2026 Reddit earnings roundup, but the reviewed passage does not identify an analyst-consensus value or the data provider behind it. CollPlant’s official release reports actual results, not estimates. The release therefore supports the reported $1.89 GAAP basic loss per share, but it cannot establish that the result missed consensus by exactly $1.65.
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The same distinction applies to the claim that revenue fell short of estimates: the company confirms actual quarterly revenue of $108,000, but its release does not provide a consensus revenue figure for comparison. Without a named estimates source, the shortfall remains an attributed claim rather than a verified comparison.
Why the six-month revenue comparison needs context
For the six months ended June 30, 2026, CollPlant reported revenue of $181,000, compared with $2.2 million in the first half of 2025. The company attributed most of that gap to a $2.0 million development milestone payment from a former collaborator that was recognized in 2025 and did not recur in 2026. The half-year decline therefore reflects a prior-period milestone effect as well as business activity; it should not be read as a like-for-like measure of recurring product sales. The explanation appears in the Q2 2026 release.
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How the reverse split affects per-share comparisons
CollPlant effected a 1-for-10 reverse share split on September 4, 2026. Its SEC-filed operating and financial review says share and per-share amounts were adjusted retrospectively. That means the reported per-share figures for Q2 2026 and Q2 2025 are presented on the split-adjusted basis, which matters when comparing them with older coverage or historical figures published before the adjustment. See the SEC filing.
Cash at quarter end versus later financing proceeds
CollPlant reported $2.6 million in cash and cash equivalents as of June 30, 2026. Separately, the company said warrant exercises in August and September 2026 generated approximately $5.2 million in aggregate proceeds. The latter amount was raised after quarter end; it is not part of the June 30 cash balance. The company discusses both figures in its results release.
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Company and reporting-period context
CollPlant describes its business as spanning plant-derived recombinant human collagen for regenerative medicine, including 3D bioprinting and medical aesthetics, as well as optical computing through LightSolver. LightSolver’s acquisition closed after June 30, so its operating results are not included in the reported Q2 2026 results. The release states that the financial statements use U.S. GAAP and that non-GAAP measures are supplemental.
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