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

Assertio Holdings Inc (ASRT) reported diluted earnings per share of $-4.74 for fiscal year 2025. This represents a -39.4% 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.

Assertio Holdings Inc Financials

ASRT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 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 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).

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Assertio Holdings Inc has an operating margin of -18.1%, meaning the company retains $-18 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 -19.6% the prior year.

Growth

Assertio Holdings Inc's revenue declined 5% year-over-year, from $125.0M to $118.7M. This contraction results in a growth score of 25/100.

Leverage

Assertio Holdings Inc carries a low D/E ratio of 0.42, meaning only $0.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Assertio Holdings Inc's current ratio of 1.70 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.

Returns

Assertio Holdings Inc generates a -32.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -17.8% the prior year.

Piotroski F-Score Weak

3/9

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.

Earnings Quality Low Quality

0.93x

For every $1 of reported earnings, Assertio Holdings Inc generates $0.93 in operating cash flow (-$28.2M OCF vs -$30.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-7.0x

Assertio Holdings Inc earns $-7.0 in operating income for every $1 of interest expense (-$21.5M vs $3.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$118.7M

YoY-5.0%

5Y CAGR+2.2%

Assertio Holdings Inc generated $118.7M in revenue in fiscal year 2025. This represents a decrease of 5.0% from the prior year.

EBITDA

$8.5M

YoY+525.9%

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.

Net Income

-$30.4M

YoY-40.7%

Assertio Holdings Inc reported -$30.4M in net income in fiscal year 2025. This represents a decrease of 40.7% from the prior year.

EPS (Diluted)

$-4.74

YoY-39.4%

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

Free Cash Flow

N/A

Cash & Debt

$10.2M

YoY-79.8%

5Y CAGR-13.2%

Assertio Holdings Inc held $10.2M in cash against $39.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.8%

Assertio Holdings Inc had 6M shares outstanding in fiscal year 2025. This represents an increase of 0.8% from the prior year.

Margins & Returns

Gross Margin

70.2%

YoY+1.6pp

5Y CAGR-11.1pp

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.

Operating Margin

-18.1%

YoY+1.4pp

5Y CAGR+59.2pp

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.

Net Margin

-25.6%

YoY-8.3pp

5Y CAGR+0.9pp

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.

Return on Equity

-32.3%

YoY-14.5pp

5Y CAGR+18.4pp

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

R&D Spending

$1.7M

YoY-55.8%

5Y CAGR-16.7%

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.

Share Buybacks

N/A

Capital Expenditures

N/A

ASRT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$118.7M-5.0%	$125.0M-17.8%	$152.1M-2.7%	$156.2M+40.7%	$111.0M+4.5%	$106.3M
Cost of Revenue	$35.4M-9.8%	$39.2M+45.2%	$27.0M+44.1%	$18.7M+18.4%	$15.8M-20.3%	$19.9M
Gross Profit	$83.3M-2.8%	$85.7M-31.4%	$125.0M-9.0%	$137.5M+44.4%	$95.2M+10.2%	$86.4M
R&D Expenses	$1.7M-55.8%	$3.8M+34.4%	$2.8M	$0	$0-100.0%	$4.2M
SG&A Expenses	$69.0M-8.1%	$75.1M-4.6%	$78.6M+68.1%	$46.8M-11.1%	$52.6M-49.5%	$104.3M
Operating Income	-$21.5M+12.0%	-$24.5M+89.9%	-$243.5M-718.0%	$39.4M+318.1%	$9.4M+111.5%	-$82.2M
Interest Expense	$3.1M	$0-100.0%	$9.9M+24.6%	$8.0M-22.1%	$10.2M-35.8%	$15.9M
Income Tax	$435K+736.5%	$52K-99.9%	$77.9M+199.3%	-$78.5M-10877.3%	$728K+104.2%	-$17.4M
Net Income	-$30.4M-40.7%	-$21.6M+93.5%	-$331.9M-402.8%	$109.6M+8657.8%	-$1.3M+95.4%	-$28.1M
EPS (Diluted)	$-4.74-39.4%	$-3.40	$-4.67-330.0%	$2.03+6866.7%	$-0.03+97.2%	$-1.07

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$13.5M-72.6%	$49.5M+69.3%	$29.2M+10.3%	$26.5M-17.7%	$32.2M+10.2%	$29.2M-6.2%	$31.1M-4.1%	$32.4M
Cost of Revenue	$3.3M-76.1%	$13.7M+27.9%	$10.7M+37.1%	$7.8M-32.9%	$11.6M+53.8%	$7.5M-15.1%	$8.9M-20.5%	$11.2M
Gross Profit	$10.3M-71.3%	$35.8M+93.1%	$18.5M-0.8%	$18.7M-9.1%	$20.6M-5.0%	$21.7M-2.6%	$22.2M+4.5%	$21.3M
R&D Expenses	$486K+28.2%	$379K-2.1%	$387K-11.6%	$438K-65.9%	$1.3M+28.0%	$1.0M+25.9%	$798K+8.9%	$733K
SG&A Expenses	$13.1M-22.4%	$16.9M-0.2%	$17.0M-22.8%	$22.0M+2.6%	$21.4M+28.0%	$16.7M-9.0%	$18.4M-0.8%	$18.5M
Operating Income	-$11.7M-202.3%	$11.5M+242.9%	-$8.0M+39.3%	-$13.2M+1.8%	-$13.5M-342.1%	-$3.0M+15.7%	-$3.6M+16.6%	-$4.3M
Interest Expense	N/A	$770K+0.3%	$768K	N/A	$0	$0	$0	$0
Income Tax	$181K+485.1%	-$47K-183.9%	$56K-77.1%	$245K+189.7%	-$273K-720.5%	$44K-70.5%	$149K+12.9%	$132K
Net Income	-$11.9M-204.2%	$11.4M+170.0%	-$16.4M-20.8%	-$13.5M-29.3%	-$10.5M-258.6%	-$2.9M+20.5%	-$3.7M+18.5%	-$4.5M
EPS (Diluted)	N/A	$0.11+164.7%	$-0.17-21.4%	$-0.14	N/A	$-0.03+25.0%	$-0.04+20.0%	$-0.05

ASRT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$267.0M-6.2%	$284.7M-0.6%	$286.4M-30.8%	$413.9M+26.8%	$326.5M+7.7%	$303.3M
Current Assets	$216.6M+7.0%	$202.5M+18.4%	$171.1M+29.3%	$132.3M+27.8%	$103.5M+9.8%	$94.3M
Cash & Equivalents	$10.2M-79.8%	$50.6M-31.1%	$73.4M+13.1%	$64.9M+76.4%	$36.8M+77.1%	$20.8M
Inventory	$24.1M-37.0%	$38.3M+1.7%	$37.7M+175.2%	$13.7M+82.9%	$7.5M-36.1%	$11.7M
Accounts Receivable	$120.1M+121.9%	$54.1M+13.5%	$47.7M+5.1%	$45.4M+2.2%	$44.4M0.0%	$44.4M
Goodwill	N/A	N/A	N/A	$0	N/A	N/A
Total Liabilities	$173.0M+5.7%	$163.7M+10.3%	$148.4M-21.1%	$188.2M-16.0%	$224.1M-9.5%	$247.8M
Current Liabilities	$127.5M+11.2%	$114.7M+22.7%	$93.4M-2.0%	$95.3M-29.4%	$135.0M+1.8%	$132.7M
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
Total Equity	$94.0M-22.4%	$121.1M-12.3%	$138.0M-38.9%	$225.7M+120.4%	$102.4M+84.5%	$55.5M
Retained Earnings	-$703.5M-4.5%	-$673.1M-3.3%	-$651.5M-103.9%	-$319.6M+25.5%	-$429.2M-0.3%	-$427.9M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$267.0M-16.5%	$319.8M+16.8%	$273.8M-4.4%	$286.4M+0.6%	$284.7M+3.2%	$276.0M-1.2%	$279.4M-0.9%	$282.0M
Current Assets	$216.6M-17.8%	$263.6M+25.4%	$210.2M-1.6%	$213.6M+5.4%	$202.5M+11.8%	$181.2M+1.9%	$177.9M+3.1%	$172.5M
Cash & Equivalents	$10.2M-73.4%	$38.5M-18.2%	$47.1M+34.5%	$35.0M-30.8%	$50.6M+33.2%	$38.0M-15.1%	$44.7M-44.6%	$80.7M
Inventory	$24.1M-2.6%	$24.8M-24.7%	$32.9M-16.6%	$39.4M+2.9%	$38.3M-3.7%	$39.8M+1.8%	$39.1M+1.2%	$38.6M
Accounts Receivable	$120.1M-15.0%	$141.3M+131.3%	$61.1M-7.8%	$66.3M+22.5%	$54.1M+20.4%	$44.9M+12.6%	$39.9M-6.3%	$42.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$173.0M-19.1%	$214.0M+18.6%	$180.5M+1.5%	$177.9M+8.7%	$163.7M+12.5%	$145.5M-1.2%	$147.3M-0.1%	$147.5M
Current Liabilities	$127.5M-23.5%	$166.8M+25.8%	$132.5M+2.9%	$128.8M+12.3%	$114.7M+27.3%	$90.1M-2.3%	$92.2M-0.3%	$92.4M
Long-Term Debt	$39.1M-0.1%	$39.2M+0.3%	$39.0M+0.3%	$38.9M+0.3%	$38.8M-0.1%	$38.8M+0.3%	$38.7M+0.3%	$38.6M
Total Equity	$94.0M-11.2%	$105.8M+13.4%	$93.3M-14.0%	$108.5M-10.4%	$121.1M-7.2%	$130.5M-1.2%	$132.2M-1.7%	$134.5M
Retained Earnings	-$703.5M-1.7%	-$691.6M+1.6%	-$703.0M-2.4%	-$686.7M-2.0%	-$673.1M-1.6%	-$662.6M-0.4%	-$659.7M-0.6%	-$656.1M

ASRT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$28.2M-206.7%	$26.4M-46.8%	$49.6M-36.9%	$78.6M+1323.1%	$5.5M+108.4%	-$65.6M
Capital Expenditures	N/A	$0-100.0%	$628K+129.2%	$274K+417.0%	$53K+430.0%	$10K
Free Cash Flow	N/A	$26.4M-46.1%	$49.0M-37.5%	$78.3M+1331.9%	$5.5M+108.3%	-$65.6M
Investing Cash Flow	-$12.0M+75.5%	-$48.9M-1679.3%	$3.1M+107.3%	-$42.7M-130.4%	-$18.5M-103.6%	$512.8M
Financing Cash Flow	-$189K+46.0%	-$350K+99.2%	-$44.2M-467.1%	-$7.8M-126.9%	$29.0M+106.2%	-$468.6M
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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$30.0M-528.7%	-$4.8M-125.0%	$19.1M+252.3%	-$12.5M-208.6%	$11.5M+33094.3%	-$35K-100.5%	$7.4M-1.6%	$7.5M
Capital Expenditures	N/A	N/A	N/A	N/A	$0	$0	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	$11.5M+33094.3%	-$35K	N/A	N/A
Investing Cash Flow	$1.7M+144.6%	-$3.8M+45.1%	-$6.9M-136.5%	-$2.9M-362.5%	$1.1M+116.7%	-$6.7M+84.5%	-$43.3M	$0
Financing Cash Flow	-$2K+71.4%	-$7K+89.9%	-$69K+37.8%	-$111K-88.1%	-$59K-490.0%	-$10K+86.7%	-$75K+63.6%	-$206K
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	70.2%+1.6pp	68.6%-13.6pp	82.2%-5.8pp	88.0%+2.3pp	85.7%+4.4pp	81.3%
Operating Margin	-18.1%+1.4pp	-19.6%+140.6pp	-160.2%-185.4pp	25.2%+16.7pp	8.5%+85.8pp	-77.3%
Net Margin	-25.6%-8.3pp	-17.3%+201.0pp	-218.3%-288.4pp	70.2%+71.3pp	-1.1%+25.3pp	-26.5%
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%
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%
Current Ratio	1.70-0.1	1.77-0.1	1.83+0.4	1.39+0.6	0.77+0.1	0.71
Debt-to-Equity	0.42+0.1	0.32+0.0	0.28-0.0	0.29-0.3	0.60-0.7	1.30
FCF Margin	N/A	21.1%-11.1pp	32.2%-17.9pp	50.1%+45.2pp	4.9%+66.6pp	-61.7%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	75.9%+3.5pp	72.4%+8.9pp	63.5%-7.1pp	70.6%+6.7pp	63.9%-10.2pp	74.2%+2.7pp	71.4%+5.9pp	65.5%
Operating Margin	-86.7%-109.9pp	23.2%+50.7pp	-27.5%+22.5pp	-50.0%-8.1pp	-41.9%-31.4pp	-10.4%+1.2pp	-11.6%+1.8pp	-13.4%
Net Margin	-88.1%-111.2pp	23.1%+79.1pp	-56.0%-4.8pp	-51.1%-18.6pp	-32.6%-22.6pp	-10.0%+1.8pp	-11.8%+2.1pp	-13.9%
Return on Equity	-12.7%-23.5pp	10.8%+28.4pp	-17.5%-5.1pp	-12.5%-3.8pp	-8.6%-6.4pp	-2.2%+0.5pp	-2.8%+0.6pp	-3.4%
Return on Assets	-4.5%-8.0pp	3.6%+9.6pp	-6.0%-1.2pp	-4.7%-1.1pp	-3.7%-2.6pp	-1.1%+0.3pp	-1.3%+0.3pp	-1.6%
Current Ratio	1.70+0.1	1.580.0	1.59-0.1	1.66-0.1	1.77-0.2	2.01+0.1	1.93+0.1	1.87
Debt-to-Equity	0.42+0.0	0.37-0.0	0.42+0.1	0.36+0.0	0.32+0.0	0.300.0	0.290.0	0.29
FCF Margin	N/A	N/A	N/A	N/A	35.9%+36.0pp	-0.1%	N/A	N/A

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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% 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) generated -$28.2M in operating cash flow during fiscal year 2025, representing cash generated from 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.

How many shares does Assertio Holdings Inc have outstanding?

Assertio Holdings Inc (ASRT) had 6M shares outstanding as of 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 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 0.93x, considered low quality (accrual-driven). 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) has an interest coverage ratio of -7.0x, meaning it can struggle to cover its interest obligations. 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 30 out of 100 on our Financial Profile, indicating weak 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.