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Assertio Holdings, Inc.（ASRT）与EVERSPIN TECHNOLOGIES INC.（MRAM）财务数据对比。点击上方公司名可切换其他公司
EVERSPIN TECHNOLOGIES INC.的季度营收约是Assertio Holdings, Inc.的1.1倍（$14.9M vs $13.5M），EVERSPIN TECHNOLOGIES INC.同比增速更快（13.2% vs -57.9%），过去两年EVERSPIN TECHNOLOGIES INC.的营收复合增速更高（18.2% vs -35.4%）
Assertio Therapeutics是一家美国专业制药企业，主要聚焦神经病学、疼痛以及中枢神经系统疾病领域的产品销售与推广。公司前身Depomed成立于1995年，总部位于加利福尼亚州纽瓦克，拥有多款获美国FDA批准的产品，目前在纳斯达克上市。
Everspin Technologies是一家总部位于美国亚利桑那州钱德勒的上市半导体企业，核心业务为研发生产磁阻随机存取存储器（MRAM）产品，涵盖Toggle MRAM与自旋转移矩MRAM两大产品系列，同时也对外授权嵌入式MRAM、磁传感器相关技术，并提供嵌入式MRAM后道代工服务。
ASRT vs MRAM — 直观对比
营收规模更大
MRAM
是对方的1.1倍
$13.5M
营收增速更快
MRAM
高出71.1%
-57.9%
两年增速更快
MRAM
近两年复合增速
-35.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $13.5M | $14.9M |
| 净利润 | — | $-296.0K |
| 毛利率 | — | 52.7% |
| 营业利润率 | -86.7% | 29.0% |
| 净利率 | — | -2.0% |
| 营收同比 | -57.9% | 13.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-4.54 | $-0.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ASRTMRAM
| Q1 26 | — | $14.9M | ||
| Q4 25 | $13.5M | $14.8M | ||
| Q3 25 | $49.5M | $14.1M | ||
| Q2 25 | $29.2M | $13.2M | ||
| Q1 25 | $26.5M | $13.1M | ||
| Q4 24 | $32.2M | $13.2M | ||
| Q3 24 | $29.2M | $12.1M | ||
| Q2 24 | $31.1M | $10.6M |
净利润ASRTMRAM
| Q1 26 | — | $-296.0K | ||
| Q4 25 | — | $1.2M | ||
| Q3 25 | $11.4M | $54.0K | ||
| Q2 25 | $-16.4M | $-670.0K | ||
| Q1 25 | $-13.5M | $-1.2M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | $-2.9M | $2.3M | ||
| Q2 24 | $-3.7M | $-2.5M |
毛利率ASRTMRAM
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 50.8% | ||
| Q3 25 | — | 51.3% | ||
| Q2 25 | — | 51.3% | ||
| Q1 25 | — | 51.4% | ||
| Q4 24 | — | 51.3% | ||
| Q3 24 | — | 49.2% | ||
| Q2 24 | — | 49.0% |
营业利润率ASRTMRAM
| Q1 26 | — | 29.0% | ||
| Q4 25 | -86.7% | -7.2% | ||
| Q3 25 | 23.2% | -11.0% | ||
| Q2 25 | -27.5% | -14.9% | ||
| Q1 25 | -50.0% | -14.7% | ||
| Q4 24 | -41.9% | -11.8% | ||
| Q3 24 | -10.4% | -17.5% | ||
| Q2 24 | -11.6% | -26.5% |
净利率ASRTMRAM
| Q1 26 | — | -2.0% | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | 23.1% | 0.4% | ||
| Q2 25 | -56.0% | -5.1% | ||
| Q1 25 | -51.1% | -8.9% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | -10.0% | 18.8% | ||
| Q2 24 | -11.8% | -23.5% |
每股收益（稀释后）ASRTMRAM
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $-4.54 | $0.05 | ||
| Q3 25 | $0.11 | $0.00 | ||
| Q2 25 | $-0.17 | $-0.03 | ||
| Q1 25 | $-0.14 | $-0.05 | ||
| Q4 24 | $-3.28 | $0.07 | ||
| Q3 24 | $-0.03 | $0.10 | ||
| Q2 24 | $-0.04 | $-0.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $63.4M | $40.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $94.0M | $70.2M |
| 总资产 | $267.0M | $83.2M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASRTMRAM
| Q1 26 | — | $40.5M | ||
| Q4 25 | $63.4M | $44.5M | ||
| Q3 25 | $93.4M | $45.3M | ||
| Q2 25 | $98.2M | $45.0M | ||
| Q1 25 | $87.3M | $42.2M | ||
| Q4 24 | $100.1M | $42.1M | ||
| Q3 24 | $88.6M | $39.6M | ||
| Q2 24 | $88.4M | $36.8M |
股东权益ASRTMRAM
| Q1 26 | — | $70.2M | ||
| Q4 25 | $94.0M | $68.9M | ||
| Q3 25 | $105.8M | $65.8M | ||
| Q2 25 | $93.3M | $64.1M | ||
| Q1 25 | $108.5M | $63.0M | ||
| Q4 24 | $121.1M | $62.6M | ||
| Q3 24 | $130.5M | $59.3M | ||
| Q2 24 | $132.2M | $55.4M |
总资产ASRTMRAM
| Q1 26 | — | $83.2M | ||
| Q4 25 | $267.0M | $84.6M | ||
| Q3 25 | $319.8M | $80.3M | ||
| Q2 25 | $273.8M | $78.9M | ||
| Q1 25 | $286.4M | $80.2M | ||
| Q4 24 | $284.7M | $77.8M | ||
| Q3 24 | $276.0M | $72.6M | ||
| Q2 24 | $279.4M | $64.6M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-30.0M | $570.0K |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ASRTMRAM
| Q1 26 | — | $570.0K | ||
| Q4 25 | $-30.0M | $2.6M | ||
| Q3 25 | $-4.8M | $881.0K | ||
| Q2 25 | $19.1M | $5.0M | ||
| Q1 25 | $-12.5M | $1.4M | ||
| Q4 24 | $11.5M | $3.8M | ||
| Q3 24 | $-35.0K | $2.8M | ||
| Q2 24 | $7.4M | $1.7M |
自由现金流ASRTMRAM
| Q1 26 | — | — | ||
| Q4 25 | — | $-975.0K | ||
| Q3 25 | — | $543.0K | ||
| Q2 25 | — | $3.0M | ||
| Q1 25 | — | $527.0K | ||
| Q4 24 | — | $2.1M | ||
| Q3 24 | — | $2.8M | ||
| Q2 24 | — | $1.7M |
自由现金流率ASRTMRAM
| Q1 26 | — | — | ||
| Q4 25 | — | -6.6% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 15.9% |
资本支出强度ASRTMRAM
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 6.9% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 0.0% | 0.5% | ||
| Q2 24 | — | 0.3% |
现金转化率ASRTMRAM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | -0.42× | 16.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.16× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ASRT
| Products | $12.8M | 95% |
| Other | $719.0K | 5% |
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
