What is Axsome Therapeutics's income tax?

Axsome Therapeutics (AXSM) reported income tax of $0 in Q1 2026.

What does income tax mean?

The total amount of tax the company owes on its earnings.

How do you interpret income tax?

An increase typically correlates with higher taxable income, though it can also be influenced by changes in tax credits or deferred tax assets.

How does income tax compare across companies?

Varies significantly based on geographic footprint and the utilization of net operating loss carryforwards common in clinical-stage companies.

Axsome Therapeutics AXSM Income Tax

Income Tax at other companies

Eli LillyLLY

$1.45B+109%

Johnson & JohnsonJNJ

$755M-71.3%

AbbVieABBV

$342M-8.1%

Neurocrine BiosciencesNBIX

$48.9M+619%

Jazz PharmaceuticalsJAZZ

$6.1M+134%

Arrowhead ResearchARWR

$7K-99.6%

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 / equity4×+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:IncomeTaxExpenseBenefit.

The official record: Axsome Therapeutics’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axsome Therapeutics's income tax?: Axsome Therapeutics (AXSM) reported income tax of $0 in Q1 2026.
What does income tax mean?: The total amount of tax the company owes on its earnings.
How do you interpret income tax?: An increase typically correlates with higher taxable income, though it can also be influenced by changes in tax credits or deferred tax assets.
How does income tax compare across companies?: Varies significantly based on geographic footprint and the utilization of net operating loss carryforwards common in clinical-stage companies.