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Assertio Holdings, Inc. logo

Assertio Holdings, Inc.

assertiotx.com

What Do They Do?

Markets prescription medicines for oncology care, seizures, and pain-related conditions to wholesale distributors and specialty pharmacies.

How Do They Make Money?

Assertio sells medicines to distributors and specialty pharmacies, with receivables typically collected one to two months after delivery; it also earns royalties under a Canadian CAMBIA license.

FY2025 revenue by product or service revenue
SegmentShareRevenue
Product sales, net
Sold outright

99%
FY2022: 99%
Royalty revenue
Licensed
1.4%
Other revenue
0.0%
FY2022: −0.8%

Who Are Their Customers?

The company sells primarily to national wholesale distributors, which resell products to hospitals, outpatient clinics, and pharmacies; it generally does not sell directly to those end users, but its sales force works with them and health professionals to generate demand.

Customers above 10% of revenue, FY2025
of revenue from three customers (45%, 31%, 10%)
FY2024: 78% from three customers

Do Revenues Turn Into Profits?

No. It lost $30.4M in FY2025.

Operating income, FY2025
−18% of revenue
▼ −12% (Loss) vs FY2024 (−$24.5M, −20%)
Net income, FY2025
−26% of revenue
▲ +41% (Loss) vs FY2024 (−$21.6M, −17%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q1 FY2026, the three months to Mar 31, 2026
Revenue
▼ −63%
vs $26.5M in Q1 FY2025
Net income
▲ +39% (Loss)
vs −$13.5M in Q1 FY2025
Product sales, net share of revenue vs 98.1% in Q1 FY2025
  • Jun 16, 2026 Zydus completed its acquisition of Assertio, which became a wholly owned subsidiary. Assertio shares were delisted from Nasdaq, and stockholders received $23.50 per share in cash.

Flat. Revenue was $118.7M in FY2025, about the same as the $111M of FY2021.

Oncology focus The earlier portfolio focused on neurology, rheumatology, and pain and inflammation; the latest report centers marketing on oncology and identifies ROLVEDON as its lead product.

Otrexup exit Otrexup was listed among marketed products in the earlier report, but the latest report says Assertio ceased its commercialization.

Revenue over time
Product sales, net Royalty revenue Other revenue Royalties and milestones
$200M$100M$0

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