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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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
Total operating expenses254,560178,445
Loss from operations(63,357)(56,982)
Interest expense, net(1,185)(2,431)
Loss before income taxes(64,542)(59,413)
Income tax expense
Net loss$(64,542)$(59,413)
Net loss per common share, basic and diluted$(1.26)$(1.22)
Weighted average common shares outstanding, basic and diluted51,198,34948,871,163

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Axsome Therapeutics's pre-tax income?
Axsome Therapeutics (AXSM) reported pre-tax income of -$64.54M in Q1 2026.
How has Axsome Therapeutics's pre-tax income changed year-over-year?
Axsome Therapeutics's pre-tax income decreased by 8.6% year-over-year, from -$59.41M to -$64.54M.
What is the long-term trend for Axsome Therapeutics's pre-tax income?
Over 4 years (2021 to 2025), Axsome Therapeutics's pre-tax income has grown at a 8.9% compound annual growth rate (CAGR), from -$130.4M to -$183.7M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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