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Side-by-side financial comparison of Assertio Holdings, Inc. (ASRT) and PATRIOT NATIONAL BANCORP INC (PNBK). Click either name above to swap in a different company.

Assertio Holdings, Inc. is the larger business by last-quarter revenue ($13.5M vs $9.5M, roughly 1.4× PATRIOT NATIONAL BANCORP INC). On growth, PATRIOT NATIONAL BANCORP INC posted the faster year-over-year revenue change (44.3% vs -57.9%). Over the past eight quarters, PATRIOT NATIONAL BANCORP INC's revenue compounded faster (11.5% CAGR vs -35.4%).

Assertio Therapeutics, Inc. is an American specialty pharmaceutical company. It mainly markets products for treatment in neurology, pain and diseases of the central nervous system. Depomed was founded in 1995 and is headquartered in Newark, California. It is a publicly traded company on NASDAQ, with several products approved by the United States Food and Drug Administration (FDA). On August 15, 2018, the company announced its name change from Depomed, Inc., to Assertio Therapeutics, Inc. As o...

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

ASRT vs PNBK — Head-to-Head

Bigger by revenue
ASRT
ASRT
1.4× larger
ASRT
$13.5M
$9.5M
PNBK
Growing faster (revenue YoY)
PNBK
PNBK
+102.3% gap
PNBK
44.3%
-57.9%
ASRT
Faster 2-yr revenue CAGR
PNBK
PNBK
Annualised
PNBK
11.5%
-35.4%
ASRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASRT
ASRT
PNBK
PNBK
Revenue
$13.5M
$9.5M
Net Profit
Gross Margin
Operating Margin
-86.7%
-36.3%
Net Margin
Revenue YoY
-57.9%
44.3%
Net Profit YoY
EPS (diluted)
$-4.54
$0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASRT
ASRT
PNBK
PNBK
Q4 25
$13.5M
$9.5M
Q3 25
$49.5M
$7.2M
Q2 25
$29.2M
$6.2M
Q1 25
$26.5M
$6.7M
Q4 24
$32.2M
$6.6M
Q3 24
$29.2M
$7.1M
Q2 24
$31.1M
$7.1M
Q1 24
$32.4M
$7.7M
Net Profit
ASRT
ASRT
PNBK
PNBK
Q4 25
Q3 25
$11.4M
$-2.7M
Q2 25
$-16.4M
$-5.0M
Q1 25
$-13.5M
$-2.8M
Q4 24
Q3 24
$-2.9M
$-27.0M
Q2 24
$-3.7M
$-3.1M
Q1 24
$-4.5M
$-299.0K
Operating Margin
ASRT
ASRT
PNBK
PNBK
Q4 25
-86.7%
-36.3%
Q3 25
23.2%
-36.9%
Q2 25
-27.5%
-81.2%
Q1 25
-50.0%
-41.5%
Q4 24
-41.9%
-205.4%
Q3 24
-10.4%
-32.4%
Q2 24
-11.6%
-56.5%
Q1 24
-13.4%
-3.0%
Net Margin
ASRT
ASRT
PNBK
PNBK
Q4 25
Q3 25
23.1%
-36.8%
Q2 25
-56.0%
-80.4%
Q1 25
-51.1%
-41.6%
Q4 24
Q3 24
-10.0%
-378.9%
Q2 24
-11.8%
-43.5%
Q1 24
-13.9%
-3.9%
EPS (diluted)
ASRT
ASRT
PNBK
PNBK
Q4 25
$-4.54
$0.13
Q3 25
$0.11
$-0.03
Q2 25
$-0.17
$-0.06
Q1 25
$-0.14
$-0.21
Q4 24
$-3.28
$-2.40
Q3 24
$-0.03
$-6.78
Q2 24
$-0.04
$-0.77
Q1 24
$-0.05
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASRT
ASRT
PNBK
PNBK
Cash + ST InvestmentsLiquidity on hand
$63.4M
Total DebtLower is stronger
$16.4M
Stockholders' EquityBook value
$94.0M
$94.7M
Total Assets
$267.0M
$1.1B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASRT
ASRT
PNBK
PNBK
Q4 25
$63.4M
Q3 25
$93.4M
Q2 25
$98.2M
Q1 25
$87.3M
Q4 24
$100.1M
Q3 24
$88.6M
Q2 24
$88.4M
Q1 24
$80.7M
Total Debt
ASRT
ASRT
PNBK
PNBK
Q4 25
$16.4M
Q3 25
Q2 25
Q1 25
Q4 24
$33.1M
Q3 24
Q2 24
Q1 24
$38.6M
Stockholders' Equity
ASRT
ASRT
PNBK
PNBK
Q4 25
$94.0M
$94.7M
Q3 25
$105.8M
$95.0M
Q2 25
$93.3M
$66.2M
Q1 25
$108.5M
$57.1M
Q4 24
$121.1M
$4.3M
Q3 24
$130.5M
$16.4M
Q2 24
$132.2M
$40.5M
Q1 24
$134.5M
$43.6M
Total Assets
ASRT
ASRT
PNBK
PNBK
Q4 25
$267.0M
$1.1B
Q3 25
$319.8M
$950.8M
Q2 25
$273.8M
$930.0M
Q1 25
$286.4M
$956.6M
Q4 24
$284.7M
$1.0B
Q3 24
$276.0M
$974.1M
Q2 24
$279.4M
$1.0B
Q1 24
$282.0M
$1.1B
Debt / Equity
ASRT
ASRT
PNBK
PNBK
Q4 25
0.17×
Q3 25
Q2 25
Q1 25
Q4 24
7.76×
Q3 24
Q2 24
Q1 24
0.29×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASRT
ASRT
PNBK
PNBK
Operating Cash FlowLast quarter
$-30.0M
$-14.2M
Free Cash FlowOCF − Capex
$-14.3M
FCF MarginFCF / Revenue
-150.8%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASRT
ASRT
PNBK
PNBK
Q4 25
$-30.0M
$-14.2M
Q3 25
$-4.8M
$-5.2M
Q2 25
$19.1M
$921.0K
Q1 25
$-12.5M
$-5.8M
Q4 24
$11.5M
$2.7M
Q3 24
$-35.0K
$-2.6M
Q2 24
$7.4M
$6.0M
Q1 24
$7.5M
$1.8M
Free Cash Flow
ASRT
ASRT
PNBK
PNBK
Q4 25
$-14.3M
Q3 25
$-5.3M
Q2 25
$918.0K
Q1 25
$-5.9M
Q4 24
$2.6M
Q3 24
$-2.7M
Q2 24
$6.0M
Q1 24
$1.8M
FCF Margin
ASRT
ASRT
PNBK
PNBK
Q4 25
-150.8%
Q3 25
-72.8%
Q2 25
14.8%
Q1 25
-88.0%
Q4 24
39.9%
Q3 24
-37.3%
Q2 24
84.6%
Q1 24
23.0%
Capex Intensity
ASRT
ASRT
PNBK
PNBK
Q4 25
1.8%
Q3 25
0.3%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
0.8%
Q3 24
0.0%
0.9%
Q2 24
0.7%
Q1 24
0.5%
Cash Conversion
ASRT
ASRT
PNBK
PNBK
Q4 25
Q3 25
-0.42×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASRT
ASRT

Products$12.8M95%
Other$719.0K5%

PNBK
PNBK

Segment breakdown not available.

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