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Axsome Therapeutics, Inc.

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
One World Trade Center, 22nd Floor, New York, NY, 10007, United States
212-332-3241
www.axsome.com
Market Cap
$7.38B
P/E (TTM)
-31.9
41.7
Dividend Yield
--
52W High
$152.94
52W Low
$75.56
52W Range
92%
Rank54Top 66.0%
3.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$170.99M+63.22%
4-Quarter Trend

EPS

-$0.94-29.85%
4-Quarter Trend

FCF

$988.00K-105.35%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Surges Significantly Total revenues reached $442.5M for nine months ended September 30, 2025, marking a 65.8% increase over prior year period.
Net Loss Significantly Reduced Nine-month net loss narrowed to $154.6M, reflecting a 27.2% reduction compared to $212.3M loss last year.
Cash Position Strengthened Cash and equivalents totaled $325.3M as of September 30, 2025; net cash provided $85.1M from financing activities.
Commercial Spending Rises Selling, general, and administrative expenses increased 34.6% to $401.3M, supporting commercialization efforts for key products.

Risk Factors

Continued Operating Losses Expected Expect continued operating losses and substantial expenses related to commercialization and pipeline development; profitability remains uncertain.
Reliance on Third-Party Partners Business significantly relies on third parties for essential services like manufacturing and distribution; failure impacts commercialization timelines.
Regulatory Approval Uncertainty Product candidates face inherent risks of failure in clinical trials or regulatory delays, potentially impairing revenue generation ability.
Intellectual Property Litigation Risk Patent prosecution and defense are costly and complex; litigation against generic filers for Sunosi and Symbravo remains pending.

Outlook

Focus on Product Commercialization Expenses will increase due to continued commercialization of Auvelity, Sunosi, and Symbravo, requiring substantial capital support.
Advance Pipeline Development Plan to continue clinical trials for AXS-05 (AD agitation) and AXS-12/AXS-14, requiring ongoing R&D investment.
Future Financing Requirements Anticipate needing additional financing via equity or debt to fund future clinical trials and operations; capital needs are substantial.
Managing Growth and Scale Must successfully scale organization, infrastructure, and controls to support growth; failure strains resources and impedes business plan.

Peer Comparison

Revenue (TTM)

Arrowhead Pharmaceuticals, Inc.ARWR
$596.57M
+2936.3%
Axsome Therapeutics, Inc.AXSM
$561.26M
+65.8%
Rhythm Pharmaceuticals, Inc.RYTM
$174.33M
+54.9%

Gross Margin (Latest Quarter)

Axsome Therapeutics, Inc.AXSM
93.0%
+1.1pp
Rhythm Pharmaceuticals, Inc.RYTM
89.3%
+0.8pp
Avidity Biosciences, Inc.RNA
78.8%
+12.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ARWR$9.46B-64.1-41.2%51.7%
RNA$9.43B-20.4-33.5%0.4%
NUVL$7.64B-19.9-39.5%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
12.9%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 17, 2026
|
EPS:-$0.73
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 3, 2025|
    Revenue: $170.99M+63.2%
    |
    EPS: $-0.94-29.9%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 4, 2025|
    Revenue: $150.04M+72.1%
    |
    EPS: $-0.97-41.9%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 5, 2025|
    Revenue: $121.46M+62.0%
    |
    EPS: $-1.22-15.3%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 18, 2025|
    Revenue: $385.69M+42.5%
    |
    EPS: $-5.99-13.7%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $104.76M+81.3%
    |
    EPS: $-1.34+1.5%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 5, 2024|
    Revenue: $87.17M+86.7%
    |
    EPS: $-1.67+8.4%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 6, 2024|
    Revenue: $75.00M-20.7%
    |
    EPS: $-1.44+453.8%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 23, 2024|
    Revenue: $270.60M+440.8%
    |
    EPS: $-5.27-8.4%
    Miss