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Axsome Therapeutics AXSM Royalty — Revenue

Other product segments

Royalty And Milestone Revenue
$1.8M+63.2%
Milestone Revenue
$500K

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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$10.95B+113%
Enterprise value$10.87B+114%
P/S15.5×+5.1×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Axsome Therapeutics’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 5:04 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-204274
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Product sales, net
AUVELITY$152,696$96,231
SUNOSI32,63124,127
SYMBRAVO4,073
Total product sales, net189,400120,358
AUVELITY milestone revenue500
SUNOSI royalty revenue1,3031,105
Total revenues$191,203$121,463

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Axsome Therapeutics's royalty — revenue?
Axsome Therapeutics (AXSM) reported royalty — revenue of $4.07M in Q1 2026.
How has Axsome Therapeutics's royalty — revenue changed year-over-year?
Axsome Therapeutics's royalty — revenue increased by 268.6% year-over-year, from $1.11M to $4.07M.
What does royalty — revenue mean?
This metric represents the gross revenue recognized from royalty-based licensing agreements associated with the company's intellectual property portfolio. It reflects the economic value captured from third-party commercialization of licensed assets, excluding any pass-through taxes collected on behalf of government authorities. This revenue stream is a key indicator of the company's ability to monetize its R&D pipeline through strategic partnerships and licensing arrangements.

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