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Side-by-side financial comparison of Assertio Holdings, Inc. (ASRT) and TRX GOLD Corp (TRX). Click either name above to swap in a different company.

TRX GOLD Corp is the larger business by last-quarter revenue ($25.1M vs $13.5M, roughly 1.9× Assertio Holdings, Inc.). On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs -57.9%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% 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...

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

ASRT vs TRX — Head-to-Head

Bigger by revenue
TRX
TRX
1.9× larger
TRX
$25.1M
$13.5M
ASRT
Growing faster (revenue YoY)
TRX
TRX
+158.4% gap
TRX
100.5%
-57.9%
ASRT
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
-35.4%
ASRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ASRT
ASRT
TRX
TRX
Revenue
$13.5M
$25.1M
Net Profit
$-496.0K
Gross Margin
56.6%
Operating Margin
-86.7%
Net Margin
-2.0%
Revenue YoY
-57.9%
100.5%
Net Profit YoY
-123.2%
EPS (diluted)
$-4.54
$-0.01

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
TRX
TRX
Q4 25
$13.5M
$25.1M
Q3 25
$49.5M
Q2 25
$29.2M
$12.5M
Q1 25
$26.5M
$9.1M
Q4 24
$32.2M
$12.5M
Q3 24
$29.2M
Q2 24
$31.1M
$10.1M
Q1 24
$32.4M
$8.0M
Net Profit
ASRT
ASRT
TRX
TRX
Q4 25
$-496.0K
Q3 25
$11.4M
Q2 25
$-16.4M
$1.1M
Q1 25
$-13.5M
$-1.9M
Q4 24
$2.1M
Q3 24
$-2.9M
Q2 24
$-3.7M
$-1.7M
Q1 24
$-4.5M
$1.9M
Gross Margin
ASRT
ASRT
TRX
TRX
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Operating Margin
ASRT
ASRT
TRX
TRX
Q4 25
-86.7%
Q3 25
23.2%
Q2 25
-27.5%
Q1 25
-50.0%
Q4 24
-41.9%
Q3 24
-10.4%
Q2 24
-11.6%
Q1 24
-13.4%
Net Margin
ASRT
ASRT
TRX
TRX
Q4 25
-2.0%
Q3 25
23.1%
Q2 25
-56.0%
8.9%
Q1 25
-51.1%
-21.3%
Q4 24
17.1%
Q3 24
-10.0%
Q2 24
-11.8%
-16.3%
Q1 24
-13.9%
24.1%
EPS (diluted)
ASRT
ASRT
TRX
TRX
Q4 25
$-4.54
$-0.01
Q3 25
$0.11
Q2 25
$-0.17
$0.00
Q1 25
$-0.14
$-0.01
Q4 24
$-3.28
$0.00
Q3 24
$-0.03
Q2 24
$-0.04
$-0.01
Q1 24
$-0.05
$0.00

Balance Sheet & Financial Strength

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

Metric
ASRT
ASRT
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$63.4M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$94.0M
$74.5M
Total Assets
$267.0M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASRT
ASRT
TRX
TRX
Q4 25
$63.4M
$9.2M
Q3 25
$93.4M
Q2 25
$98.2M
$3.6M
Q1 25
$87.3M
$6.0M
Q4 24
$100.1M
$6.8M
Q3 24
$88.6M
Q2 24
$88.4M
$7.7M
Q1 24
$80.7M
$8.0M
Total Debt
ASRT
ASRT
TRX
TRX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$38.6M
Stockholders' Equity
ASRT
ASRT
TRX
TRX
Q4 25
$94.0M
$74.5M
Q3 25
$105.8M
Q2 25
$93.3M
$69.0M
Q1 25
$108.5M
$67.5M
Q4 24
$121.1M
$68.4M
Q3 24
$130.5M
Q2 24
$132.2M
$62.5M
Q1 24
$134.5M
$63.9M
Total Assets
ASRT
ASRT
TRX
TRX
Q4 25
$267.0M
$129.6M
Q3 25
$319.8M
Q2 25
$273.8M
$112.3M
Q1 25
$286.4M
$106.7M
Q4 24
$284.7M
$102.6M
Q3 24
$276.0M
Q2 24
$279.4M
$92.6M
Q1 24
$282.0M
$88.2M
Debt / Equity
ASRT
ASRT
TRX
TRX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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
TRX
TRX
Operating Cash FlowLast quarter
$-30.0M
$4.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASRT
ASRT
TRX
TRX
Q4 25
$-30.0M
$4.0M
Q3 25
$-4.8M
Q2 25
$19.1M
$3.4M
Q1 25
$-12.5M
$2.0M
Q4 24
$11.5M
$2.4M
Q3 24
$-35.0K
Q2 24
$7.4M
$3.1M
Q1 24
$7.5M
$1.0M
Capex Intensity
ASRT
ASRT
TRX
TRX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
ASRT
ASRT
TRX
TRX
Q4 25
Q3 25
-0.42×
Q2 25
3.10×
Q1 25
Q4 24
1.11×
Q3 24
Q2 24
Q1 24
0.54×

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%

TRX
TRX

Segment breakdown not available.

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