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Segments

By product

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Royalty$4.07M+269%
Royalty And Milestone Revenue$1.8M+63.2%
Milestone Revenue$500K

Other financials

Income statement

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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
Revenues:
Product sales, net$189,400$120,358
Royalty revenue and milestone revenue1,8031,105
Total revenues191,203121,463
Operating expenses:
Cost of revenue (excluding amortization and depreciation)14,7259,789
Research and development52,67744,785
Selling, general and administrative184,996120,787

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Axsome Therapeutics's total revenue?
Axsome Therapeutics (AXSM) reported total revenue of $191.2M in Q1 2026.
How has Axsome Therapeutics's total revenue changed year-over-year?
Axsome Therapeutics's total revenue increased by 57.4% year-over-year, from $121.46M to $191.2M.
What is the long-term trend for Axsome Therapeutics's total revenue?
Over 3 years (2022 to 2025), Axsome Therapeutics's total revenue has grown at a 133.7% compound annual growth rate (CAGR), from $50.04M to $638.5M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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