Axsome Therapeutics, Inc. income statement
In fiscal 2025, Axsome Therapeutics, Inc. reported revenue of $638m, up 65.5% on the year before, operating income of −$167m (a -26.1% margin) and net income of −$183m, or −$3.68 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|
| Revenue | 50 | 271 | 386 | 638 | 865 |
| Cost of revenue | 5 | — | — | — | — |
| Gross profit | 45 | — | — | — | — |
| Research and development | 58 | 98 | 187 | 183 | 198 |
| Selling, general and administrative | 159 | 323 | 411 | 571 | 766 |
| Operating income | −180 | −232 | −281 | −167 | −151 |
| Interest expense | −10 | −20 | −22 | −16 | −7 |
| Income before tax | −187 | −238 | −287 | −184 | −157 |
| Income tax | 0 | 1 | 0 | −1 | 1 |
| Net income | −187 | −239 | −287 | −183 | −157 |
| Diluted EPS | −$4.60 | −$5.27 | −$5.99 | −$3.68 | −$3.05 |
| Diluted shares (average) | 41m | 45m | 48m | 50m | 52m |
| EBITDA | −180 | −231 | −280 | −166 | −151 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 119 | 121 | 150 | 171 | 196 | 191 | 218 | 260 |
| Research and development | 55 | 45 | 50 | 40 | 49 | 53 | 46 | 51 |
| Selling, general and administrative | 113 | 121 | 130 | 150 | 169 | 185 | 208 | 203 |
| Operating income | −73 | −57 | −37 | −46 | −27 | −63 | −50 | −11 |
| Interest expense | −5 | 5 | −4 | −3 | −3 | 3 | −3 | −3 |
| Income before tax | −75 | −59 | −49 | −47 | −28 | −65 | −51 | −13 |
| Income tax | 0 | 0 | −1 | 0 | 0 | 0 | 0 | 0 |
| Net income | −75 | −59 | −48 | −47 | −29 | −65 | −51 | −13 |
| Diluted EPS | −$1.54 | −$1.22 | −$0.97 | −$0.94 | −$0.55 | −$1.26 | −$0.99 | −$0.25 |
| EBITDA | −72 | −57 | −37 | −46 | −27 | −63 | −50 | −11 |
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