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Assertio Holdings, Inc.（ASRT）与Usio, Inc.（USIO）财务数据对比。点击上方公司名可切换其他公司
Usio, Inc.的季度营收约是Assertio Holdings, Inc.的1.6倍（$22.2M vs $13.5M），Usio, Inc.同比增速更快（8.2% vs -57.9%），过去两年Usio, Inc.的营收复合增速更高（3.0% 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。
Usio, Inc.是总部位于美国得克萨斯州圣安东尼奥的金融科技企业，主打综合电子支付服务，业务涵盖ACH交易处理、信用卡与借记卡收单、为软件平台提供支付便利、预付卡发行，同时还经营文件打印邮寄业务。
ASRT vs USIO — 直观对比
营收规模更大
USIO
是对方的1.6倍
$13.5M
营收增速更快
USIO
高出66.1%
-57.9%
两年增速更快
USIO
近两年复合增速
-35.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.5M | $22.2M |
| 净利润 | — | $-1.5M |
| 毛利率 | — | 21.9% |
| 营业利润率 | -86.7% | -5.7% |
| 净利率 | — | -6.7% |
| 营收同比 | -57.9% | 8.2% |
| 净利润同比 | — | -337.8% |
| 每股收益（稀释后） | $-4.54 | $-0.05 |
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ASRTUSIO
| Q4 25 | $13.5M | $22.2M | ||
| Q3 25 | $49.5M | $21.2M | ||
| Q2 25 | $29.2M | $20.0M | ||
| Q1 25 | $26.5M | $22.0M | ||
| Q4 24 | $32.2M | $20.6M | ||
| Q3 24 | $29.2M | $21.3M | ||
| Q2 24 | $31.1M | $20.1M | ||
| Q1 24 | $32.4M | $21.0M |
净利润ASRTUSIO
| Q4 25 | — | $-1.5M | ||
| Q3 25 | $11.4M | $-415.1K | ||
| Q2 25 | $-16.4M | $-366.7K | ||
| Q1 25 | $-13.5M | $-235.0K | ||
| Q4 24 | — | $628.9K | ||
| Q3 24 | $-2.9M | $2.9M | ||
| Q2 24 | $-3.7M | $75.5K | ||
| Q1 24 | $-4.5M | $-250.2K |
毛利率ASRTUSIO
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 23.0% | ||
| Q2 25 | — | 25.8% | ||
| Q1 25 | — | 21.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 23.0% | ||
| Q2 24 | — | 23.9% | ||
| Q1 24 | — | 23.1% |
营业利润率ASRTUSIO
| Q4 25 | -86.7% | -5.7% | ||
| Q3 25 | 23.2% | -2.2% | ||
| Q2 25 | -27.5% | -2.0% | ||
| Q1 25 | -50.0% | -1.1% | ||
| Q4 24 | -41.9% | -2.9% | ||
| Q3 24 | -10.4% | -1.8% | ||
| Q2 24 | -11.6% | -1.0% | ||
| Q1 24 | -13.4% | -1.3% |
净利率ASRTUSIO
| Q4 25 | — | -6.7% | ||
| Q3 25 | 23.1% | -2.0% | ||
| Q2 25 | -56.0% | -1.8% | ||
| Q1 25 | -51.1% | -1.1% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | -10.0% | 13.4% | ||
| Q2 24 | -11.8% | 0.4% | ||
| Q1 24 | -13.9% | -1.2% |
每股收益（稀释后）ASRTUSIO
| Q4 25 | $-4.54 | $-0.05 | ||
| Q3 25 | $0.11 | $-0.02 | ||
| Q2 25 | $-0.17 | $-0.01 | ||
| Q1 25 | $-0.14 | $-0.01 | ||
| Q4 24 | $-3.28 | $0.03 | ||
| Q3 24 | $-0.03 | $0.10 | ||
| Q2 24 | $-0.04 | $0.00 | ||
| Q1 24 | $-0.05 | $-0.01 |
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 | $7.4M |
| 总债务越低越好 | — | $1.4M |
| 股东权益账面价值 | $94.0M | $17.9M |
| 总资产 | $267.0M | $134.9M |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资ASRTUSIO
| Q4 25 | $63.4M | $7.4M | ||
| Q3 25 | $93.4M | $7.7M | ||
| Q2 25 | $98.2M | $8.1M | ||
| Q1 25 | $87.3M | $8.7M | ||
| Q4 24 | $100.1M | $8.1M | ||
| Q3 24 | $88.6M | $8.4M | ||
| Q2 24 | $88.4M | $7.2M | ||
| Q1 24 | $80.7M | $7.1M |
总债务ASRTUSIO
| Q4 25 | — | $1.4M | ||
| Q3 25 | — | $836.7K | ||
| Q2 25 | — | $647.1K | ||
| Q1 25 | — | $683.3K | ||
| Q4 24 | — | $719.4K | ||
| Q3 24 | — | $562.9K | ||
| Q2 24 | — | $597.2K | ||
| Q1 24 | $38.6M | $630.9K |
股东权益ASRTUSIO
| Q4 25 | $94.0M | $17.9M | ||
| Q3 25 | $105.8M | $18.7M | ||
| Q2 25 | $93.3M | $18.7M | ||
| Q1 25 | $108.5M | $19.0M | ||
| Q4 24 | $121.1M | $19.2M | ||
| Q3 24 | $130.5M | $18.9M | ||
| Q2 24 | $132.2M | $15.7M | ||
| Q1 24 | $134.5M | $15.3M |
总资产ASRTUSIO
| Q4 25 | $267.0M | $134.9M | ||
| Q3 25 | $319.8M | $99.4M | ||
| Q2 25 | $273.8M | $108.4M | ||
| Q1 25 | $286.4M | $109.6M | ||
| Q4 24 | $284.7M | $107.2M | ||
| Q3 24 | $276.0M | $114.6M | ||
| Q2 24 | $279.4M | $108.8M | ||
| Q1 24 | $282.0M | $99.1M |
负债/权益比ASRTUSIO
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.03× | ||
| Q2 24 | — | 0.04× | ||
| Q1 24 | 0.29× | 0.04× |
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 | $1.5M |
| 自由现金流经营现金流 - 资本支出 | — | $1.1M |
| 自由现金流率自由现金流/营收 | — | 4.8% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 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 | — | $1.7M |
8季度趋势，按日历期对齐
经营现金流ASRTUSIO
| Q4 25 | $-30.0M | $1.5M | ||
| Q3 25 | $-4.8M | $303.8K | ||
| Q2 25 | $19.1M | $-263.9K | ||
| Q1 25 | $-12.5M | $1.4M | ||
| Q4 24 | $11.5M | $2.9M | ||
| Q3 24 | $-35.0K | $1.4M | ||
| Q2 24 | $7.4M | $369.1K | ||
| Q1 24 | $7.5M | $88.7K |
自由现金流ASRTUSIO
| Q4 25 | — | $1.1M | ||
| Q3 25 | — | $85.2K | ||
| Q2 25 | — | $-503.2K | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | — | $1.4M | ||
| Q2 24 | — | $246.3K | ||
| Q1 24 | — | $-88.1K |
自由现金流率ASRTUSIO
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | -2.5% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | -0.4% |
资本支出强度ASRTUSIO
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.8% |
现金转化率ASRTUSIO
| Q4 25 | — | — | ||
| Q3 25 | -0.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.61× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 4.89× | ||
| 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% |
USIO
| Credit Card Revenue | $7.7M | 35% |
| ACH And Complementary Service Revenue | $6.1M | 28% |
| Output Solutions | $5.4M | 24% |
| Prepaid Card Services Revenue | $2.6M | 12% |
