Axsome Therapeutics, Inc.
NASDAQ•AXSM
CEO: Dr. Herriot Tabuteau M.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2015-11-19
Axsome Therapeutics, Inc., a biopharmaceutical company, engages in the development of novel therapies for central nervous system (CNS) disorders in the United States. The company's commercial product portfolio includes Auvelity (dextromethorphan-bupropion), a N-methyl-D-aspartate receptor antagonist with multimodal activity indicated for the treatment of major depressive disorder; and Sunosi (solriamfetol), a medication indicated to the treatment of excessive daytime sleepiness in patients with narcolepsy or obstructive sleep apnea. It is also developing AXS-05, which is in Phase III clinical trial to treat Alzheimer's disease agitation, as well as that has completed phase II clinical trial for the treatment of smoking cessation; AXS-07, an investigational medicine that has completed Phase III trials for the acute treatment of migraine; AXS-12, an investigational medicine, which is in Phase III trial to treat narcolepsy; AXS-14, a selective and potent norepinephrine reuptake inhibitor that has completed Phase III trial for the treatment of fibromyalgia and other conditions; and solriamfetol, a dual-acting dopamine and norepinephrine reuptake inhibitor, which has completed a Phase 2 trial for treating attention-deficit/hyperactivity disorder, and is in phase 2 major depressive, binge eating, and shift work disorder. Axsome Therapeutics, Inc. has a research collaboration agreement with Duke University for evaluating AXS-05 in smoking cessation. The company was incorporated in 2012 and is based in New York, New York.
Contact Information
Market Cap
$7.98B
P/E (TTM)
-43.1
17.9
Dividend Yield
--
52W High
$191.50
52W Low
$86.99
52W Range
Rank63Top 94.0%
1.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$196.00M+0.00%
4-Quarter Trend
EPS
-$0.56+0.00%
4-Quarter Trend
FCF
-$19.00M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Strong Product Revenue Growth Total revenues reached $638.5M in 2025, marking 66% growth driven by commercial products AUVELITY and SUNOSI.
Net Loss Significantly Reduced Net loss narrowed to $(183.2M) in 2025 compared to $(287.2M) loss reported in the prior fiscal year 2024.
SYMBRAVO Commercial Launch SYMBRAVO launched in June 2025 for acute migraine treatment, contributing $6.6M in net sales for the year.
AXS-05 AD Agitation Progress FDA accepted sNDA for AXS-05 treating AD agitation with Priority Review; PDUFA date set for April 30, 2026.
Risk Factors
Continued Operating Losses Risk Incurred net losses since inception; accumulated deficit reached $(1,306.0M) as of December 31, 2025, requiring future capital.
Capital Needs and Funding Additional funding required for clinical trials and commercialization; inability to raise capital forces program delays or elimination.
Loan Covenants Restrict Operations Operating activities restricted by covenants under the Blackstone Loan Agreement; default risks require minimum liquidity maintenance.
Regulatory Hurdles for AXS-14 AXS-14 NDA received a Refusal to File letter from FDA; company plans to address feedback via a new controlled trial.
Outlook
Expand Commercial Product Sales Expect substantial increases in expenses supporting ongoing commercialization of AUVELITY, SUNOSI, and SYMBRAVO throughout 2026.
Advance AXS-05 Smoking Cessation Plans to initiate a Phase 2/3 trial evaluating AXS-05 as an aid for smoking cessation treatment in the near future.
Advance Solriamfetol Indications Continue Phase 3 trials for solriamfetol in ADHD, MDD with EDS symptoms, Binge Eating Disorder, and SWD.
Initiate AXS-17 Epilepsy Trials Intend to evaluate AXS-17 for epilepsy treatment, planning to begin Phase 2 trial-enabling activities during 2026.
Peer Comparison
Revenue (TTM)
$4.27B
$1.09B
$638.50M
Gross Margin (Latest Quarter)
100.0%
97.9%
94.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| JAZZ | $10.99B | -30.6 | -8.8% | 46.4% |
| AXSM | $7.98B | -43.1 | -254.1% | 35.0% |
| PCVX | $7.86B | -9.7 | -25.9% | 7.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
17.3%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention
Deep Research
Next earnings:May 4, 2026
EPS:-$0.78
|Revenue:$195.13M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data