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Axsome Therapeutics AXSM AZD7325 — Research And Development Expense

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Other financials

Income statement

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Revenue$191.2M+57.4%
Gross profit$176.5M+58.0%
Operating income-$63.4M-11.2%
Net income-$64.5M-8.6%
EPS (diluted)-$1.26-3.3%

Balance sheet

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Cash & equivalents$305.1M+1.4%
Total debt$219.9M+4.1%
Total equity$54.6M+2.6%
Total assets$713.6M+19.6%

Cash flow

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Operating cash flow-$20.7M+52.3%
CapEx$121.0K-64.2%
Free cash flow-$20.8M+52.4%

Valuation

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Market cap$12.89B+52.0%
Enterprise value$12.81B+52.9%
P/S18.2×-1.4×

Profitability

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Gross margin92.6%+1.1pp
Operating margin-24.4%-9.3pp
Net margin-26.6%-9.8pp
FCF margin-10.2%-3.9pp

Returns & leverage

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Return on equity-349.4%+109pp
Debt / equity+0.1×
Current ratio1.4×-0.6×

Where this comes from

Reported directly by Axsome Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Axsome Therapeutics’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axsome Therapeutics's AZD7325 — research and development expense?
Axsome Therapeutics (AXSM) reported AZD7325 — research and development expense of $2.3M in Q4 2025.
What does AZD7325 — research and development expense mean?
The total costs incurred to research and develop the AZD7325 drug candidate.
How do you interpret AZD7325 — research and development expense?
An increase typically signals accelerated clinical trial activity or preparation for regulatory filings, while a decrease may indicate the completion of a trial phase or a strategic shift in development priorities.
How does AZD7325 — research and development expense compare across companies?
Comparable to R&D spending on specific clinical-stage assets at other biopharmaceutical companies, where investors look for efficient burn rates relative to clinical milestones.