What does warrants issued with debt financing mean?

Equity warrants granted to lenders as part of a debt financing deal.

How do you interpret warrants issued with debt financing?

Frequent use may indicate a higher cost of traditional debt or a need to incentivize lenders in capital-constrained environments.

How does warrants issued with debt financing compare across companies?

Common in clinical-stage biopharma companies with limited revenue and higher credit risk profiles.

Axsome Therapeutics AXSM Warrants Issued With Debt Financing

Discontinued — last reported Q4 '23

Warrants Issued With Debt Financing at other companies

Joby AviationJOBY

$29.46M-51.9%

Rocket Lab USA, Inc.RKLB

$0—

General Purpose Acquisition Corp. GPAC

$948.13K+80.6%

Apollo Global ManagementAPO

$0-100%

AST SpaceMobileASTS

$8.65M—

Jaguar Uranium JAGU

70K—

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$20.7M+52.3%

CapEx$121.0K-64.2%

Free cash flow-$20.8M+52.4%

Valuation

See full

Market cap$12.89B+52.0%

Enterprise value$12.81B+52.9%

P/S18.2×-1.4×

Profitability

See full

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

See full

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 axsm:WarrantsIssuedWithDebtFinancing.

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

Ask your AI about Axsome Therapeutics's warrants issued with debt financing.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Axsome Therapeutics's warrants issued with debt financing?: Axsome Therapeutics (AXSM) reported warrants issued with debt financing of $408.75K in Q4 2023.
What does warrants issued with debt financing mean?: Equity warrants granted to lenders as part of a debt financing deal.
How do you interpret warrants issued with debt financing?: Frequent use may indicate a higher cost of traditional debt or a need to incentivize lenders in capital-constrained environments.
How does warrants issued with debt financing compare across companies?: Common in clinical-stage biopharma companies with limited revenue and higher credit risk profiles.