Assertio Holdings, Inc.
ASRT · Pharmaceutical Preparations · 6.5M shares · -30%/yr ↓ buyback · EDGAR filings ↗
Reference price $0.76 · est. market cap ~$5M — last insider sale, 2025-11-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D42Specialty pharma with operating losses (impairments) and negative operating cash flow this year.
Strengths
- Decent reported ROA — ROA -11% (76th)
Risks
- Operating/net losses — operating margin -18%, net margin -26%
- Negative operating cash flow — OCF margin -24%
- Product-portfolio/litigation risk — per 10-K
Notable findings
- Debt accelerationRecent 8-K item 2.04 8-K ↗
- RestatementOn October 7, 2025, we entered into an amendment and restatement of the Manufacturing and Supply Agreement (the “Hanmi Agreement,” as amended, the “Amendment”) with Hanmi Pharmaceutical Co 8-K ↗
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -25.6%)
- Buying back stockNet buyback — share count -30%/yr over 4y
- Revenue declineRevenue -26.7% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-18.1%
Net margin
-25.6%
Return on equity
-32.3%
Return on assets
-11.4%
ROIC
-12.8%
Revenue growth (QoQ)
-26.7%
Debt / equity
0.4×
Net debt / EBITDA
-2.9×
Current ratio
1.7×
EBITDA
$8M
Tangible book value
$45M
Cash & investments
$63M
Stock comp / revenue
2.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | MCKEE WILLIAM | U | 28K | — |
| 2026-06-16 | Schlessinger Sam | U | 15K | — |
| 2026-06-16 | Kirk Sigurd | U | 12K | — |
| 2026-06-16 | Emany Sravan Kumar | U | 24K | — |
| 2026-06-16 | Schwichtenberg Paul | U | 14K | — |
| 2026-06-16 | Reisenauer Mark L | U | 3.6K | — |
| 2026-06-16 | Mason Heather L | U | 21K | — |
| 2026-06-16 | Mason Heather L | U | 6.7K | — |
| 2026-06-16 | Stark David Matthew | U | 11K | — |
| 2026-06-16 | Patel Ajay | U | 16K | — |
| 2026-05-13 | Mason Heather L | Gift | 6.7K | — |
| 2026-05-13 | Mason Heather L | Gift | 6.7K | — |
| 2026-05-05 | Stark David Matthew | Grant | 4.9K | — |
| 2026-05-05 | Emany Sravan Kumar | Grant | 4.9K | — |
| 2026-05-05 | Kirk Sigurd | Grant | 4.9K | — |
| 2026-05-05 | MCKEE WILLIAM | Grant | 4.9K | — |
| 2026-05-05 | Mason Heather L | Grant | 4.9K | — |
| 2026-02-21 | Schlessinger Sam | Option exercise | 1.1K | — |
| 2026-02-21 | Schlessinger Sam | Tax withheld | 510 | $11.84 |
| 2026-02-21 | Patel Ajay | Option exercise | 1.1K | — |
| 2026-02-21 | Patel Ajay | Tax withheld | 566 | $11.84 |
| 2026-02-21 | Schwichtenberg Paul | Option exercise | 1.1K | — |
| 2026-02-21 | Schwichtenberg Paul | Tax withheld | 566 | $11.84 |
| 2026-02-18 | Schlessinger Sam | Option exercise | 2.8K | — |
| 2026-02-18 | Schlessinger Sam | Tax withheld | 1.2K | $11.87 |
| 2026-02-18 | Schwichtenberg Paul | Option exercise | 2.8K | — |
| 2026-02-18 | Schwichtenberg Paul | Tax withheld | 1.4K | $11.87 |
| 2026-02-18 | Patel Ajay | Option exercise | 2.8K | — |
| 2026-02-18 | Patel Ajay | Tax withheld | 1.4K | $11.87 |
| 2026-02-07 | Schlessinger Sam | Option exercise | 1.4K | — |
| 2026-02-07 | Schlessinger Sam | Tax withheld | 619 | $12.74 |
| 2026-02-07 | Schwichtenberg Paul | Option exercise | 1.7K | — |
| 2026-02-07 | Schwichtenberg Paul | Tax withheld | 825 | $12.74 |
| 2026-02-07 | Patel Ajay | Option exercise | 1.7K | — |
| 2026-02-07 | Patel Ajay | Tax withheld | 825 | $12.74 |
| 2025-11-10 | Stark David Matthew | Sell | 9.0K | $0.76 |
| 2025-05-31 | O'Grady Brendan P. | Option exercise | 167K | — |
| 2025-05-31 | O'Grady Brendan P. | Tax withheld | 49K | $0.66 |
| 2025-05-12 | Schlessinger Sam | Option exercise | 38K | — |
| 2025-05-12 | Schlessinger Sam | Tax withheld | 15K | $0.62 |
| 2025-05-12 | Schwichtenberg Paul | Option exercise | 38K | — |
| 2025-05-12 | Schwichtenberg Paul | Tax withheld | 17K | $0.62 |
| 2025-05-12 | Patel Ajay | Option exercise | 38K | — |
| 2025-05-12 | Patel Ajay | Tax withheld | 17K | $0.62 |
| 2025-05-07 | Stark David Matthew | Grant | 54K | — |
| 2025-05-07 | Kirk Sigurd | Grant | 54K | — |
| 2025-05-07 | Emany Sravan Kumar | Grant | 54K | — |
| 2025-05-07 | MCKEE WILLIAM | Grant | 54K | — |
| 2025-05-07 | Mason Heather L | Grant | 54K | — |
| 2025-02-21 | Schlessinger Sam | Option exercise | 17K | — |
| 2025-02-21 | Schlessinger Sam | Tax withheld | 7.7K | $0.81 |
| 2025-02-21 | Schwichtenberg Paul | Option exercise | 17K | — |
| 2025-02-21 | Schwichtenberg Paul | Tax withheld | 8.5K | $0.81 |
| 2025-02-21 | Patel Ajay | Option exercise | 17K | — |
| 2025-02-21 | Patel Ajay | Tax withheld | 8.5K | $0.81 |
| 2025-02-07 | Schlessinger Sam | Option exercise | 21 | — |
| 2025-02-07 | Schlessinger Sam | Tax withheld | 9.3K | $0.80 |
| 2025-02-07 | Schwichtenberg Paul | Option exercise | 25K | — |
| 2025-02-07 | Schwichtenberg Paul | Tax withheld | 12K | $0.80 |
| 2025-02-07 | Patel Ajay | Option exercise | 25K | — |
| 2025-02-07 | Patel Ajay | Tax withheld | 12K | $0.80 |
| 2025-01-02 | Reisenauer Mark L | Grant | 54K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-16 | Material agreementAcquisition/dispositionDebt accelerationDelisting notice3.035.01Exec/director change5.03OtherExhibits | filing ↗ |
| 2026-05-18 | Other | filing ↗ |
| 2026-05-13 | Material agreement1.02Reg FDExhibits | filing ↗ |
| 2026-05-08 | Reg FDExhibits | filing ↗ |
| 2026-05-07 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-05 | Reg FDExhibits | filing ↗ |
| 2026-05-04 | Material agreementReg FDExhibits | filing ↗ |
| 2026-04-29 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-16 | 0001104659-26-074619 ↗ |
| 8-K | 2026-05-18 | 2026-05-18 | 0001104659-26-063064 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0001104659-26-059856 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001808665-26-000019 ↗ |
| 8-K | 2026-05-08 | 2026-05-07 | 0001104659-26-057577 ↗ |
| 8-K | 2026-05-07 | 2026-05-05 | 0001104659-26-057258 ↗ |
| 8-K | 2026-05-05 | 2026-05-04 | 0001104659-26-055320 ↗ |
| 8-K | 2026-05-04 | 2026-05-01 | 0001104659-26-054488 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001104659-26-051692 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0001104659-26-046147 ↗ |
| 8-K | 2026-04-14 | 2026-04-08 | 0001104659-26-043227 ↗ |
| 8-K/A | 2026-04-09 | 2026-04-08 | 0001104659-26-041569 ↗ |