Assertio Holdings Inc Financials
Assertio Holdings Inc (ASRT) reported $118.7M in revenue for fiscal year 2025, down 5.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Working-capital absorption, not operating scale, now dominates Assertio’s cash profile despite modest margin recovery.
Accounts receivable rose from$54.1M to$120.1M between FY2024 and FY2025 while revenue declined, indicating that reported sales increasingly converted into receivables rather than cash. Operating cash flow then shifted from$26.4M to-$28.2M , turning working-capital growth into the clearest explanation for the cash deterioration.
Gross margin rose from
Unlike FY2024, when a net loss coexisted with positive operating cash flow, FY2025 shows earnings and cash flow moving together negatively. Cash fell from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Assertio Holdings Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Assertio Holdings Inc, and counted as zero in the overall score.
Assertio Holdings Inc scores -2.58, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($151.9M) relative to total liabilities ($173.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Assertio Holdings Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Assertio Holdings Inc reported a net loss of $30.4M while operations used $28.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Assertio Holdings Inc reported an operating loss of $21.5M against $3.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Assertio Holdings Inc generated $118.7M in revenue in fiscal year 2025. This represents a decrease of 5.0% from the prior year.
Assertio Holdings Inc's EBITDA was $8.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 525.9% from the prior year.
Assertio Holdings Inc reported -$30.4M in net income in fiscal year 2025. This represents a decrease of 40.7% from the prior year.
Assertio Holdings Inc earned -$4.74 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 39.4% from the prior year.
Cash & Balance Sheet
Assertio Holdings Inc held $10.2M in cash against $39.1M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Assertio Holdings Inc's gross margin was 70.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the prior year.
Assertio Holdings Inc's operating margin was -18.1% in fiscal year 2025, reflecting core business profitability. This is up 1.4 percentage points from the prior year.
Assertio Holdings Inc's net profit margin was -25.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.3 percentage points from the prior year.
Assertio Holdings Inc's ROE was -32.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 14.5 percentage points from the prior year.
Capital Allocation
Assertio Holdings Inc invested $1.7M in research and development in fiscal year 2025. This represents a decrease of 55.8% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
ASRT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $102.2M | $118.7M-5.0% | $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 | $30.3M | $35.4M-9.8% | $39.2M+45.2% | $27.0M+44.1% | $18.7M+18.4% | $15.8M-20.3% | $19.9M+109.1% | $9.5M |
| Gross Profit | $71.8M | $83.3M-2.8% | $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 | $1.7M | $1.7M-55.8% | $3.8M+34.4% | $2.8M | $0 | $0-100.0% | $4.2M-58.3% | $10.1M |
| SG&A Expenses | $66.5M | $69.0M-8.1% | $75.1M-4.6% | $78.6M+68.1% | $46.8M-11.1% | $52.6M-49.5% | $104.3M-4.2% | $108.9M |
| Operating Income | -$26.8M | -$21.5M+12.0% | -$24.5M+89.9% | -$243.5M-718.0% | $39.4M+318.1% | $9.4M+111.5% | -$82.2M+57.7% | -$194.4M |
| Interest Expense | $3.1M | $3.1M | $0-100.0% | $9.9M+24.6% | $8.0M-22.1% | $10.2M-35.8% | $15.9M-72.7% | $58.4M |
| Income Tax | $235K | $435K+736.5% | $52K-99.9% | $77.9M+199.3% | -$78.5M-10877.3% | $728K+104.2% | -$17.4M-228.8% | -$5.3M |
| Net Income | -$35.7M | -$30.4M-40.7% | -$21.6M+93.5% | -$331.9M-402.8% | $109.6M+8657.8% | -$1.3M+95.4% | -$28.1M+87.0% | -$217.2M |
| EPS (Diluted) | — | -$4.74-39.4% | -$3.40 | -$4.67 | $2.03+6866.7% | -$0.03 | -$1.07 | -$3.07 |
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ASRT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $267.0M-6.2% | $284.7M-0.6% | $286.4M-30.8% | $413.9M+26.8% | $326.5M+7.7% | $303.3M-42.5% | $527.2M |
| Current Assets | $216.6M+7.0% | $202.5M+18.4% | $171.1M+29.3% | $132.3M+27.8% | $103.5M+9.8% | $94.3M-9.3% | $104.0M |
| Cash & Equivalents | $10.2M-79.8% | $50.6M-31.1% | $73.4M+13.1% | $64.9M+76.4% | $36.8M+77.1% | $20.8M-50.6% | $42.1M |
| Inventory | $24.1M-37.0% | $38.3M+1.7% | $37.7M+175.2% | $13.7M+82.9% | $7.5M-36.1% | $11.7M+243.3% | $3.4M |
| Accounts Receivable | $120.1M+121.9% | $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 | N/A | $0 | N/A | N/A | $0 |
| Total Liabilities | $173.0M+5.7% | $163.7M+10.3% | $148.4M-21.1% | $188.2M-16.0% | $224.1M-9.5% | $247.8M-47.2% | $469.2M |
| Current Liabilities | $127.5M+11.2% | $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 | $39.1M+0.8% | $38.8M+0.8% | $38.5M-42.0% | $66.4M+8.3% | $61.3M-15.0% | $72.2M-73.4% | $271.3M |
| Total Equity | $94.0M-22.4% | $121.1M-12.3% | $138.0M-38.9% | $225.7M+120.4% | $102.4M+84.5% | $55.5M-4.2% | $58.0M |
| Retained Earnings | -$703.5M-4.5% | -$673.1M-3.3% | -$651.5M-103.9% | -$319.6M+25.5% | -$429.2M-0.3% | -$427.9M-7.0% | -$399.8M |
ASRT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.1M | -$28.2M-206.7% | $26.4M-46.8% | $49.6M-36.9% | $78.6M+1323.1% | $5.5M+108.4% | -$65.6M-172.5% | $90.5M |
| Capital Expenditures | N/A | N/A | $0-100.0% | $628K+129.2% | $274K+417.0% | $53K+430.0% | $10K-99.3% | $1.5M |
| Free Cash Flow | N/A | N/A | $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 | $6.1M | -$12.0M+75.5% | -$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 | -$267K | -$189K+46.0% | -$350K+99.2% | -$44.2M-467.1% | -$7.8M-126.9% | $29.0M+106.2% | -$468.6M-196.9% | -$157.8M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ASRT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 70.2%+1.6pp | 68.6%-13.6pp | 82.2%-5.8pp | 88.0%+2.3pp | 85.7%+4.4pp | 81.3%-14.6pp | 95.9% |
| Operating Margin | -18.1%+1.4pp | -19.6% | -160.2% | 25.2%+16.7pp | 8.5%+85.8pp | -77.3%+7.4pp | -84.7% |
| Net Margin | -25.6%-8.3pp | -17.3% | -218.3% | 70.2%+71.3pp | -1.1%+25.3pp | -26.5%+68.2pp | -94.6% |
| Return on Equity | -32.3%-14.5pp | -17.8%+222.7pp | -240.5%-289.1pp | 48.6%+49.8pp | -1.3%+49.5pp | -50.7%+324.1pp | -374.8% |
| Return on Assets | -11.4%-3.8pp | -7.6%+108.3pp | -115.9%-142.4pp | 26.5%+26.9pp | -0.4%+8.9pp | -9.3%+31.9pp | -41.2% |
| Current Ratio | 1.70-0.1x | 1.77-0.1x | 1.83+0.4x | 1.39+0.6x | 0.77+0.1x | 0.71+0.1x | 0.56 |
| Debt-to-Equity | 0.42+0.1x | 0.320.0x | 0.280.0x | 0.29-0.3x | 0.60-0.7x | 1.30-3.4x | 4.68 |
| FCF Margin | N/A | 21.1%-11.1pp | 32.2%-17.9pp | 50.1%+45.2pp | 4.9%+66.6pp | -61.7%-100.5pp | 38.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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Where Assertio Holdings Inc Ranks
Frequently Asked Questions
What is Assertio Holdings Inc's annual revenue?
Assertio Holdings Inc (ASRT) reported $118.7M in total revenue for fiscal year 2025. This represents a -5.0% 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 5.0% year-over-year, from $125.0M to $118.7M in fiscal year 2025.
Is Assertio Holdings Inc profitable?
No, Assertio Holdings Inc (ASRT) reported a net income of -$30.4M in fiscal year 2025, with a net profit margin of -25.6%.
What is Assertio Holdings Inc's EBITDA?
Assertio Holdings Inc (ASRT) had EBITDA of $8.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Assertio Holdings Inc have?
As of fiscal year 2025, Assertio Holdings Inc (ASRT) had $10.2M in cash and equivalents against $39.1M in long-term debt.
What is Assertio Holdings Inc's gross margin?
Assertio Holdings Inc (ASRT) had a gross margin of 70.2% in fiscal year 2025, 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 -18.1% in fiscal year 2025, 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 -25.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Assertio Holdings Inc's return on equity (ROE)?
Assertio Holdings Inc (ASRT) has a return on equity of -32.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Assertio Holdings Inc's operating cash flow?
Assertio Holdings Inc (ASRT) recorded an outflow of $28.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Assertio Holdings Inc's total assets?
Assertio Holdings Inc (ASRT) had $267.0M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Assertio Holdings Inc spend on research and development?
Assertio Holdings Inc (ASRT) invested $1.7M in research and development during fiscal year 2025.
What is Assertio Holdings Inc's current ratio?
Assertio Holdings Inc (ASRT) had a current ratio of 1.70 as of fiscal year 2025, 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 0.42 as of fiscal year 2025, 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 -11.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Assertio Holdings Inc's cash runway?
Based on fiscal year 2025 data, Assertio Holdings Inc (ASRT) had $10.2M in cash against an annual operating cash burn of $28.2M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Assertio Holdings Inc's Altman Z-Score?
Assertio Holdings Inc (ASRT) has an Altman Z-Score of -2.58, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
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 to 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) reported a net loss of $30.4M while operations used $28.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Can Assertio Holdings Inc cover its interest payments?
Assertio Holdings Inc (ASRT) reported an operating loss of $21.5M against $3.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Assertio Holdings Inc?
Assertio Holdings Inc (ASRT) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.