Assertio Holdings Inc Financials

ASRT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Assertio Holdings Inc (ASRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 50/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Assertio Holdings Inc has an operating margin of -19.6%, meaning the company retains $-20 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -160.2% the prior year.

Growth

Assertio Holdings Inc's revenue declined 17.8% year-over-year, from $152.1M to $125.0M. This contraction results in a growth score of 0/100.

Leverage

Assertio Holdings Inc carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Assertio Holdings Inc's current ratio of 1.77 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

100

Assertio Holdings Inc converts 21.1% of revenue into free cash flow ($26.4M). This strong cash generation earns a score of 100/100.

Piotroski F-Score Weak

3/9

Assertio Holdings Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

-1.22x

For every $1 of reported earnings, Assertio Holdings Inc generates $-1.22 in operating cash flow ($26.4M OCF vs -$21.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$125.0M

YoY-17.8%

5Y CAGR-11.4%

Assertio Holdings Inc generated $125.0M in revenue in fiscal year 2024. This represents a decrease of 17.8% from the prior year.

EBITDA

$1.4M

YoY+100.6%

Assertio Holdings Inc's EBITDA was $1.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 100.6% from the prior year.

Free Cash Flow

$26.4M

YoY-46.1%

5Y CAGR-21.6%

Assertio Holdings Inc generated $26.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 46.1% from the prior year.

Net Income

-$21.6M

YoY+93.5%

Assertio Holdings Inc reported -$21.6M in net income in fiscal year 2024. This represents an increase of 93.5% from the prior year.

EPS (Diluted)

$-0.23

YoY+95.1%

Assertio Holdings Inc earned $-0.23 per diluted share (EPS) in fiscal year 2024. This represents an increase of 95.1% from the prior year.

Cash & Debt

$50.6M

YoY-31.1%

5Y CAGR+3.7%

Assertio Holdings Inc held $50.6M in cash against $38.8M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

96M

YoY+0.9%

5Y CAGR+3.4%

Assertio Holdings Inc had 96M shares outstanding in fiscal year 2024. This represents an increase of 0.9% from the prior year.

Gross Margin

68.6%

YoY-13.6pp

5Y CAGR-27.2pp

Assertio Holdings Inc's gross margin was 68.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 13.6 percentage points from the prior year.

Operating Margin

-19.6%

YoY+140.6pp

5Y CAGR+65.1pp

Assertio Holdings Inc's operating margin was -19.6% in fiscal year 2024, reflecting core business profitability. This is up 140.6 percentage points from the prior year.

Net Margin

-17.3%

YoY+201.0pp

5Y CAGR+77.4pp

Assertio Holdings Inc's net profit margin was -17.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 201.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$3.8M

YoY+34.4%

5Y CAGR-17.7%

Assertio Holdings Inc invested $3.8M in research and development in fiscal year 2024. This represents an increase of 34.4% from the prior year.

Share Buybacks

N/A

Capital Expenditures

YoY-100.0%

Assertio Holdings Inc invested $0 in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.

ASRT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$125.0M-17.8%	$152.1M-2.7%	$156.2M+40.7%	$111.0M+4.5%	$106.3M-53.7%	$229.5M
Cost of Revenue	$39.2M+45.2%	$27.0M+44.1%	$18.7M+18.4%	$15.8M-20.3%	$19.9M+109.1%	$9.5M
Gross Profit	$85.7M-31.4%	$125.0M-9.0%	$137.5M+44.4%	$95.2M+10.2%	$86.4M-60.7%	$220.0M
R&D Expenses	$3.8M+34.4%	$2.8M	$0	$0-100.0%	$4.2M-58.3%	$10.1M
SG&A Expenses	$75.1M-4.6%	$78.6M+68.1%	$46.8M-11.1%	$52.6M-49.5%	$104.3M-4.2%	$108.9M
Operating Income	-$24.5M+89.9%	-$243.5M-718.0%	$39.4M+318.1%	$9.4M+111.5%	-$82.2M+57.7%	-$194.4M
Interest Expense	$0-100.0%	$9.9M+24.6%	$8.0M-22.1%	$10.2M-35.8%	$15.9M-72.7%	$58.4M
Income Tax	$52K-99.9%	$77.9M+199.3%	-$78.5M-10877.3%	$728K+104.2%	-$17.4M-228.8%	-$5.3M
Net Income	-$21.6M+93.5%	-$331.9M-402.8%	$109.6M+8657.8%	-$1.3M+95.4%	-$28.1M+87.0%	-$217.2M
EPS (Diluted)	$-0.23+95.1%	$-4.67-330.0%	$2.03+6866.7%	$-0.03+97.2%	$-1.07+65.1%	$-3.07

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Revenue	$49.5M+69.3%	$29.2M+10.3%	$26.5M-19.7%	$33.0M-7.4%	$35.6M-13.1%	$41.0M-3.5%	$42.5M-15.7%	$50.4M
Cost of Revenue	$13.7M+27.9%	$10.7M+37.1%	$7.8M-19.9%	$9.7M+37.7%	$7.1M+47.9%	$4.8M-12.7%	$5.5M-9.1%	$6.0M
Gross Profit	$35.8M+93.1%	$18.5M-0.8%	$18.7M-19.6%	$23.3M-18.6%	$28.6M-21.1%	$36.2M-2.1%	$37.0M-16.6%	$44.3M
R&D Expenses	$379K-2.1%	$387K-11.6%	$438K-57.2%	$1.0M-22.2%	$1.3M+161.6%	$503K	$0	N/A
SG&A Expenses	$16.9M-0.2%	$17.0M-22.8%	$22.0M-8.3%	$24.0M+14.1%	$21.0M+25.2%	$16.8M-0.8%	$16.9M+23.3%	$13.7M
Operating Income	$11.5M+242.9%	-$8.0M+39.3%	-$13.2M+59.1%	-$32.3M+85.8%	-$228.3M-1937.9%	$12.4M+167.4%	$4.6M-56.3%	$10.6M
Interest Expense	$770K+0.3%	$768K	$0-100.0%	$8.8M	$0	$0-100.0%	$1.1M-14.5%	$1.3M
Income Tax	-$47K-183.9%	$56K-77.1%	$245K-99.0%	$25.5M-49.7%	$50.7M+1212.4%	$3.9M+282.9%	-$2.1M+97.4%	-$80.0M
Net Income	$11.4M+170.0%	-$16.4M-20.8%	-$13.5M+76.4%	-$57.4M+79.5%	-$279.5M-3400.4%	$8.5M+343.1%	-$3.5M-103.9%	$88.6M
EPS (Diluted)	$0.11+164.7%	$-0.17-21.4%	$-0.14+89.3%	$-1.31+61.7%	$-3.42-2730.8%	$0.13+285.7%	$-0.07-104.4%	$1.59

ASRT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$284.7M-0.6%	$286.4M-30.8%	$413.9M+26.8%	$326.5M+7.7%	$303.3M-42.5%	$527.2M
Current Assets	$202.5M+18.4%	$171.1M+29.3%	$132.3M+27.8%	$103.5M+9.8%	$94.3M-9.3%	$104.0M
Cash & Equivalents	$50.6M-31.1%	$73.4M+13.1%	$64.9M+76.4%	$36.8M+77.1%	$20.8M-50.6%	$42.1M
Inventory	$38.3M+1.7%	$37.7M+175.2%	$13.7M+82.9%	$7.5M-36.1%	$11.7M+243.3%	$3.4M
Accounts Receivable	$54.1M+13.5%	$47.7M+5.1%	$45.4M+2.2%	$44.4M0.0%	$44.4M+3.8%	$42.7M
Goodwill	N/A	N/A	$0	N/A	N/A	$0
Total Liabilities	$163.7M+10.3%	$148.4M-21.1%	$188.2M-16.0%	$224.1M-9.5%	$247.8M-47.2%	$469.2M
Current Liabilities	$114.7M+22.7%	$93.4M-2.0%	$95.3M-29.4%	$135.0M+1.8%	$132.7M-28.1%	$184.6M
Long-Term Debt	$38.8M+0.8%	$38.5M-42.0%	$66.4M+8.3%	$61.3M-15.0%	$72.2M-73.4%	$271.3M
Total Equity	$121.1M-12.3%	$138.0M-38.9%	$225.7M+120.4%	$102.4M+84.5%	$55.5M-4.2%	$58.0M
Retained Earnings	-$673.1M-3.3%	-$651.5M-103.9%	-$319.6M+25.5%	-$429.2M-0.3%	-$427.9M-7.0%	-$399.8M

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Total Assets	$319.8M+16.8%	$273.8M-4.4%	$286.4M0.0%	$286.4M-24.6%	$380.0M-6.2%	$405.2M-2.2%	$414.3M+0.1%	$413.9M
Current Assets	$263.6M+25.4%	$210.2M-1.6%	$213.6M+24.8%	$171.1M-7.5%	$185.0M+38.5%	$133.5M-3.1%	$137.8M+4.2%	$132.3M
Cash & Equivalents	$38.5M-18.2%	$47.1M+34.5%	$35.0M-52.3%	$73.4M-4.5%	$76.9M+9.6%	$70.2M+2.3%	$68.6M+5.6%	$64.9M
Inventory	$24.8M-24.7%	$32.9M-16.6%	$39.4M+4.6%	$37.7M-11.8%	$42.7M+127.0%	$18.8M+16.0%	$16.2M+18.5%	$13.7M
Accounts Receivable	$141.3M+131.3%	$61.1M-7.8%	$66.3M+39.1%	$47.7M-23.7%	$62.5M+50.1%	$41.6M-10.5%	$46.5M+2.4%	$45.4M
Goodwill	N/A	N/A	N/A	N/A	$19.9M	N/A	N/A	$0
Total Liabilities	$214.0M+18.6%	$180.5M+1.5%	$177.9M+19.9%	$148.4M-20.7%	$187.2M+24.0%	$150.9M-7.8%	$163.6M-13.1%	$188.2M
Current Liabilities	$166.8M+25.8%	$132.5M+2.9%	$128.8M+37.9%	$93.4M-18.2%	$114.3M+43.8%	$79.5M-15.9%	$94.5M-0.8%	$95.3M
Long-Term Debt	$39.2M+0.3%	$39.0M+0.3%	$38.9M+1.1%	$38.5M-0.9%	$38.9M+1.6%	$38.3M+0.3%	$38.2M-42.5%	$66.4M
Total Equity	$105.8M+13.4%	$93.3M-14.0%	$108.5M-21.4%	$138.0M-28.4%	$192.9M-24.1%	$254.3M+1.4%	$250.7M+11.0%	$225.7M
Retained Earnings	-$691.6M+1.6%	-$703.0M-2.4%	-$686.7M-5.4%	-$651.5M-9.7%	-$594.2M-88.9%	-$314.6M+2.6%	-$323.1M-1.1%	-$319.6M

ASRT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$26.4M-46.8%	$49.6M-36.9%	$78.6M+1323.1%	$5.5M+108.4%	-$65.6M-172.5%	$90.5M
Capital Expenditures	$0-100.0%	$628K+129.2%	$274K+417.0%	$53K+430.0%	$10K-99.3%	$1.5M
Free Cash Flow	$26.4M-46.1%	$49.0M-37.5%	$78.3M+1331.9%	$5.5M+108.3%	-$65.6M-173.7%	$89.0M
Investing Cash Flow	-$48.9M-1679.3%	$3.1M+107.3%	-$42.7M-130.4%	-$18.5M-103.6%	$512.8M+34725.3%	-$1.5M
Financing Cash Flow	-$350K+99.2%	-$44.2M-467.1%	-$7.8M-126.9%	$29.0M+106.2%	-$468.6M-196.9%	-$157.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Operating Cash Flow	-$4.8M-125.0%	$19.1M+252.3%	-$12.5M-319.7%	$5.7M+121.3%	$2.6M-86.1%	$18.6M-18.1%	$22.7M-14.9%	$26.7M
Capital Expenditures	$0	N/A	N/A	$100K	$0-100.0%	$423K+302.9%	$105K-61.7%	$274K
Free Cash Flow	$11.5M	N/A	N/A	$5.6M+117.4%	$2.6M-85.8%	$18.2M-19.6%	$22.6M-14.4%	$26.4M
Investing Cash Flow	-$3.8M+45.1%	-$6.9M-136.5%	-$2.9M-1128.0%	-$239K-105.8%	$4.1M+689.5%	-$703K-569.5%	-$105K+99.6%	-$25.8M
Financing Cash Flow	-$7K+89.9%	-$69K+37.8%	-$111K+98.8%	-$8.9M-89050.0%	-$10K+99.9%	-$16.3M+13.8%	-$18.9M-2274.7%	-$798K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ASRT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	68.6%-13.6pp	82.2%-5.8pp	88.0%+2.3pp	85.7%+4.4pp	81.3%-14.6pp	95.9%
Operating Margin	-19.6%+140.6pp	-160.2%-185.4pp	25.2%+16.7pp	8.5%+85.8pp	-77.3%+7.4pp	-84.7%
Net Margin	-17.3%+201.0pp	-218.3%-288.4pp	70.2%+71.3pp	-1.1%+25.3pp	-26.5%+68.2pp	-94.6%
Return on Equity	N/A	N/A	48.6%	N/A	N/A	N/A
Return on Assets	-7.6%+108.3pp	-115.9%-142.4pp	26.5%+26.9pp	-0.4%+8.9pp	-9.3%+31.9pp	-41.2%
Current Ratio	1.77-0.1	1.83+0.4	1.39+0.6	0.77+0.1	0.71+0.1	0.56
Debt-to-Equity	0.32+0.0	0.28-0.0	0.29-0.3	0.60-0.7	1.30-3.4	4.68
FCF Margin	21.1%-11.1pp	32.2%-17.9pp	50.1%+45.2pp	4.9%+66.6pp	-61.7%-100.5pp	38.8%

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Gross Margin	72.4%+8.9pp	63.5%-7.1pp	70.6%+0.1pp	70.5%-9.6pp	80.2%-8.2pp	88.4%+1.2pp	87.1%-0.9pp	88.0%
Operating Margin	23.2%+50.7pp	-27.5%+22.5pp	-50.0%+48.0pp	-98.0%+542.7pp	-640.7%-671.0pp	30.3%+19.4pp	10.9%-10.2pp	21.1%
Net Margin	23.1%+79.1pp	-56.0%-4.8pp	-51.1%+122.8pp	-174.0%+610.7pp	-784.6%-805.3pp	20.7%+28.9pp	-8.2%-184.1pp	175.9%
Return on Equity	10.8%	N/A	N/A	N/A	N/A	3.3%	N/A	39.2%
Return on Assets	3.6%+9.6pp	-6.0%-1.2pp	-4.7%+15.3pp	-20.0%+53.5pp	-73.6%-75.7pp	2.1%+2.9pp	-0.8%-22.2pp	21.4%
Current Ratio	1.580.0	1.59-0.1	1.66-0.2	1.83+0.2	1.62-0.1	1.68+0.2	1.46+0.1	1.39
Debt-to-Equity	0.37-0.0	0.42+0.1	0.36+0.1	0.28+0.1	0.20+0.1	0.150.0	0.15-0.1	0.29
FCF Margin	35.9%	N/A	N/A	17.0%+9.8pp	7.2%-37.1pp	44.4%-8.9pp	53.3%+0.8pp	52.5%

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Frequently Asked Questions

What is Assertio Holdings Inc's annual revenue?

Assertio Holdings Inc (ASRT) reported $125.0M in total revenue for fiscal year 2024. This represents a -17.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Assertio Holdings Inc's revenue growing?

Assertio Holdings Inc (ASRT) revenue declined by 17.8% year-over-year, from $152.1M to $125.0M in fiscal year 2024.

Is Assertio Holdings Inc profitable?

No, Assertio Holdings Inc (ASRT) reported a net income of -$21.6M in fiscal year 2024, with a net profit margin of -17.3%.

What is Assertio Holdings Inc's earnings per share (EPS)?

Assertio Holdings Inc (ASRT) reported diluted earnings per share of $-0.23 for fiscal year 2024. This represents a 95.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Assertio Holdings Inc's EBITDA?

Assertio Holdings Inc (ASRT) had EBITDA of $1.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Assertio Holdings Inc have?

As of fiscal year 2024, Assertio Holdings Inc (ASRT) had $50.6M in cash and equivalents against $38.8M in long-term debt.

What is Assertio Holdings Inc's gross margin?

Assertio Holdings Inc (ASRT) had a gross margin of 68.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Assertio Holdings Inc's operating margin?

Assertio Holdings Inc (ASRT) had an operating margin of -19.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Assertio Holdings Inc's net profit margin?

Assertio Holdings Inc (ASRT) had a net profit margin of -17.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Assertio Holdings Inc's free cash flow?

Assertio Holdings Inc (ASRT) generated $26.4M in free cash flow during fiscal year 2024. This represents a -46.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Assertio Holdings Inc's operating cash flow?

Assertio Holdings Inc (ASRT) generated $26.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Assertio Holdings Inc's total assets?

Assertio Holdings Inc (ASRT) had $284.7M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Assertio Holdings Inc's capital expenditures?

Assertio Holdings Inc (ASRT) invested $0 in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Assertio Holdings Inc spend on research and development?

Assertio Holdings Inc (ASRT) invested $3.8M in research and development during fiscal year 2024.

How many shares does Assertio Holdings Inc have outstanding?

Assertio Holdings Inc (ASRT) had 96M shares outstanding as of fiscal year 2024.

What is Assertio Holdings Inc's current ratio?

Assertio Holdings Inc (ASRT) had a current ratio of 1.77 as of fiscal year 2024, which is generally considered healthy.

What is Assertio Holdings Inc's debt-to-equity ratio?

Assertio Holdings Inc (ASRT) had a debt-to-equity ratio of 0.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Assertio Holdings Inc's return on assets (ROA)?

Assertio Holdings Inc (ASRT) had a return on assets of -7.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Assertio Holdings Inc's Piotroski F-Score?

Assertio Holdings Inc (ASRT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Assertio Holdings Inc's earnings high quality?

Assertio Holdings Inc (ASRT) has an earnings quality ratio of -1.22x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Assertio Holdings Inc?

Assertio Holdings Inc (ASRT) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.