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Assertio (ASRT) investor relations material
Assertio Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 net product sales rose to $49.5M from $28.7M year-over-year, driven by Rolvedon sales pull forward, distributor stocking, and integration efforts.
CEO transition in October 2025, with Mark L. Reisenauer appointed and Paul Schwichtenberg promoted to President and COO, ensuring leadership continuity and strategic execution.
Ceased Otrexup commercialization in July 2025, incurring one-time costs and impacting other product sales.
Divested Assertio Therapeutics in May 2025, resulting in an $8.2M loss and removal of opioid litigation exposure.
Advanced integration of subsidiaries and product lines under a single commercial entity for efficiency and cost savings.
Financial highlights
Q3 2025 net product sales were $49.5M, up from $28.7M; Rolvedon sales surged to $38.6M from $15.0M year-over-year.
Adjusted EBITDA for Q3 2025 was $20.9M, up from $4.4M; nine-month adjusted EBITDA was $26.8M, up from $14.9M.
Q3 2025 net income was $11.4M (GAAP), compared to a net loss of $2.9M in Q3 2024.
Gross margin was 72%, down from 74%, impacted by higher Rolvedon sales mix and Otrexup costs.
Cash, cash equivalents, and short-term investments totaled $93.4M as of September 30, 2025, down from $98.2M at June 30, 2025.
Outlook and guidance
FY2025 net product sales guidance narrowed to $110M–$112M and adjusted EBITDA to $14M–$16M, reflecting Rolvedon demand pull-forward and portfolio impacts.
No material Rolvedon sales expected in Q4 2025 and Q1 2026; regular sales to resume in Q2 2026.
Cash balances expected to decline in Q4 2025 and Q1 2026, then recover in Q2 2026 as receivables are collected.
Guidance reflects negative impacts from Indocin generic competition and Otrexup decommercialization.
Ongoing legal expenses and settlements expected to remain a significant cash use for the remainder of 2025.
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