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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
$7.98B
P/E (TTM)
-43.1
17.9
Dividend Yield
--
52W High
$191.50
52W Low
$86.99
52W Range
66%
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)

JAZZ stock ticker logoJAZZ
$4.27B
+4.9%
ARWR stock ticker logoARWR
$1.09B
+4081.8%
AXSM stock ticker logoAXSM
$638.50M
+65.5%

Gross Margin (Latest Quarter)

ARWR stock ticker logoARWR
100.0%
+50.6pp
JAZZ stock ticker logoJAZZ
97.9%
-12.3pp
MRUS stock ticker logoMRUS
94.7%
+55.6pp

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