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Assertio Holdings, Inc.（ASRT）与Rumble Inc.（RUM）财务数据对比。点击上方公司名可切换其他公司
Rumble Inc.的季度营收约是Assertio Holdings, Inc.的2.0倍（$27.1M vs $13.5M），Rumble Inc.同比增速更快（-10.5% vs -57.9%），过去两年Rumble Inc.的营收复合增速更高（15.2% 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。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
ASRT vs RUM — 直观对比
营收规模更大
RUM
是对方的2.0倍
$13.5M
营收增速更快
RUM
高出47.5%
-57.9%
两年增速更快
RUM
近两年复合增速
-35.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.5M | $27.1M |
| 净利润 | — | $-32.7M |
| 毛利率 | — | 5.5% |
| 营业利润率 | -86.7% | -131.1% |
| 净利率 | — | -120.8% |
| 营收同比 | -57.9% | -10.5% |
| 净利润同比 | — | 86.2% |
| 每股收益（稀释后） | $-4.54 | $-0.13 |
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ASRTRUM
| Q4 25 | $13.5M | $27.1M | ||
| Q3 25 | $49.5M | $24.8M | ||
| Q2 25 | $29.2M | — | ||
| Q1 25 | $26.5M | $23.7M | ||
| Q4 24 | $32.2M | $30.2M | ||
| Q3 24 | $29.2M | $25.1M | ||
| Q2 24 | $31.1M | $22.5M | ||
| Q1 24 | $32.4M | $17.7M |
净利润ASRTRUM
| Q4 25 | — | $-32.7M | ||
| Q3 25 | $11.4M | $-16.3M | ||
| Q2 25 | $-16.4M | — | ||
| Q1 25 | $-13.5M | $-2.7M | ||
| Q4 24 | — | $-236.8M | ||
| Q3 24 | $-2.9M | $-31.5M | ||
| Q2 24 | $-3.7M | $-26.8M | ||
| Q1 24 | $-4.5M | $-43.3M |
毛利率ASRTRUM
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | -1.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -26.7% | ||
| Q4 24 | — | -14.2% | ||
| Q3 24 | — | -45.4% | ||
| Q2 24 | — | -58.8% | ||
| Q1 24 | — | -79.5% |
营业利润率ASRTRUM
| Q4 25 | -86.7% | -131.1% | ||
| Q3 25 | 23.2% | -113.6% | ||
| Q2 25 | -27.5% | — | ||
| Q1 25 | -50.0% | -153.5% | ||
| Q4 24 | -41.9% | -80.1% | ||
| Q3 24 | -10.4% | -131.0% | ||
| Q2 24 | -11.6% | -172.7% | ||
| Q1 24 | -13.4% | -197.4% |
净利率ASRTRUM
| Q4 25 | — | -120.8% | ||
| Q3 25 | 23.1% | -65.7% | ||
| Q2 25 | -56.0% | — | ||
| Q1 25 | -51.1% | -11.2% | ||
| Q4 24 | — | -783.2% | ||
| Q3 24 | -10.0% | -125.9% | ||
| Q2 24 | -11.8% | -119.2% | ||
| Q1 24 | -13.9% | -244.1% |
每股收益（稀释后）ASRTRUM
| Q4 25 | $-4.54 | $-0.13 | ||
| Q3 25 | $0.11 | $-0.06 | ||
| Q2 25 | $-0.17 | — | ||
| Q1 25 | $-0.14 | $-0.01 | ||
| Q4 24 | $-3.28 | $-1.17 | ||
| Q3 24 | $-0.03 | $-0.15 | ||
| Q2 24 | $-0.04 | $-0.13 | ||
| Q1 24 | $-0.05 | $-0.21 |
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 | $237.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $94.0M | $274.8M |
| 总资产 | $267.0M | $336.8M |
| 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ASRTRUM
| Q4 25 | $63.4M | $237.9M | ||
| Q3 25 | $93.4M | $269.8M | ||
| Q2 25 | $98.2M | — | ||
| Q1 25 | $87.3M | $301.3M | ||
| Q4 24 | $100.1M | $114.0M | ||
| Q3 24 | $88.6M | $132.0M | ||
| Q2 24 | $88.4M | $154.2M | ||
| Q1 24 | $80.7M | $183.8M |
总债务ASRTRUM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $38.6M | — |
股东权益ASRTRUM
| Q4 25 | $94.0M | $274.8M | ||
| Q3 25 | $105.8M | $302.2M | ||
| Q2 25 | $93.3M | — | ||
| Q1 25 | $108.5M | $339.6M | ||
| Q4 24 | $121.1M | $-63.1M | ||
| Q3 24 | $130.5M | $166.1M | ||
| Q2 24 | $132.2M | $192.7M | ||
| Q1 24 | $134.5M | $210.7M |
总资产ASRTRUM
| Q4 25 | $267.0M | $336.8M | ||
| Q3 25 | $319.8M | $367.2M | ||
| Q2 25 | $273.8M | — | ||
| Q1 25 | $286.4M | $391.1M | ||
| Q4 24 | $284.7M | $195.3M | ||
| Q3 24 | $276.0M | $217.2M | ||
| Q2 24 | $279.4M | $243.2M | ||
| Q1 24 | $282.0M | $263.0M |
负债/权益比ASRTRUM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.29× | — |
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 | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-31.7M |
| 自由现金流率自由现金流/营收 | — | -117.2% |
| 资本支出强度资本支出/营收 | — | 8.5% |
| 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 | — | $-70.8M |
8季度趋势，按日历期对齐
经营现金流ASRTRUM
| Q4 25 | $-30.0M | $-29.4M | ||
| Q3 25 | $-4.8M | $-10.6M | ||
| Q2 25 | $19.1M | — | ||
| Q1 25 | $-12.5M | $-14.5M | ||
| Q4 24 | $11.5M | $-12.4M | ||
| Q3 24 | $-35.0K | $-19.1M | ||
| Q2 24 | $7.4M | $-21.7M | ||
| Q1 24 | $7.5M | $-33.9M |
自由现金流ASRTRUM
| Q4 25 | — | $-31.7M | ||
| Q3 25 | — | $-12.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-19.9M | ||
| Q2 24 | — | $-23.1M | ||
| Q1 24 | — | $-34.3M |
自由现金流率ASRTRUM
| Q4 25 | — | -117.2% | ||
| Q3 25 | — | -48.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -61.7% | ||
| Q4 24 | — | -40.9% | ||
| Q3 24 | — | -79.5% | ||
| Q2 24 | — | -102.8% | ||
| Q1 24 | — | -193.3% |
资本支出强度ASRTRUM
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 0.0% | 3.4% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 2.4% |
现金转化率ASRTRUM
| Q4 25 | — | — | ||
| Q3 25 | -0.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
