AXSM

Axsome Therapeutics, Inc. Health Care Pharmaceutical Preparations Russell 3000
$144.43Close $7.3BMarket cap $133.15 – $255.1752-week range Nov 2, 2026Next report · before the open

Highlights

Cautions

  • Not in an uptrend 1 of 8 trend conditions
  • Lagging the market RS 14 · weaker than 86% of stocks over 12 months
  • Far from its high 43% below its 52-week high
  • Distribution down-day volume 2.6× up-day volume over 50 sessions
  • Results soon Nov 2, 2026, in 1 day

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 10, 2026
Off 12-month high 43%
1wk down 0.4% price change
1mo down 21.7% price change
12-month return up 8% market up 11% · its own down 3%
F-score — — Not assessed
Altman Z 5.17 Low risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B 83.2× price / book
Earnings yield down 2.3% EBIT / enterprise value
Cheaper than 13% of the market · expensive
Revenue growth up 66% year on year
EPS growth — latest quarter
Sales growth up 46% latest quarter · -12 pts
ROE down 252% return on equity
Free cash margin down 15% -$93.9M FCF
D/E 1.33 long-term debt / equity
Net debt / EBITDA —
Interest cover Lossoperating loss
Piotroski tests

Repair signals

  • Long-term debt down 35% ($0.2B → $0.1B)

Trade setup

ATR% 5.0% $7.19 a day · 2×ATR $130.05
RS 14 / 99 vs the universe
Trend 1 / 8 trend template
Relative volume 2.8× vs 50-day average
Up/down volume 0.39 50 sessions
Implied move — no option chain · report Nov 2, 2026
Trend template · 1 of 8
  • 150-day average above the 200-day: passes

Screen verdict

Did not qualify for any screen.

Warning signs

2 flagged
  • Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
  • Shareholders diluted The share count rose 4.6% over the year, from 49m to 51m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported Aug 10, 2026
Results reaction Aug 10, 2026+2% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $638.5M +66% on FY2024
$0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 FY2021 FY2022 · $50.0M FY2023 · $270.6M FY2024 · $385.7M FY2025 · $638.5M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$183.2M
-$500M $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$102.9M FY2021 · -$130.4M FY2022 · -$187.1M FY2023 · -$239.2M FY2024 · -$287.2M FY2025 · -$183.2M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$93.9M
-$200M $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$78.5M FY2021 · -$108.5M FY2022 · -$117.2M FY2023 · -$145.7M FY2024 · -$128.7M FY2025 · -$93.9M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Net -29%
  • Free cash -15%
-500% 0% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 FY2021 FY2022 · Net -374% · Free cash -234% FY2023 · Net -88% · Free cash -54% FY2024 · Net -74% · Free cash -33% FY2025 · Net -29% · Free cash -15%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $205.2M net cash
  • Cash
  • Long-term debt
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $183.9M · Long-term debt $48.3M FY2021 · Cash $86.5M · Long-term debt $49.1M FY2022 · Cash $200.8M · Long-term debt $94.3M FY2023 · Cash $386.2M · Long-term debt $178.1M FY2024 · Cash $315.4M · Long-term debt $180.7M FY2025 · Cash $322.9M · Long-term debt $117.7M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 50.88m +36.1% since FY2020
50.88m 37.37m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 37.37m FY2021 · 37.82m FY2022 · 43.50m FY2023 · 47.35m FY2024 · 48.67m FY2025 · 50.88m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue — — $50.0M $270.6M $385.7M $638.5M
Gross margin — — 90% — — —
Operating income -$99.1M -$124.7M -$179.8M -$231.8M -$280.6M -$166.8M
Net income -$102.9M -$130.4M -$187.1M -$239.2M -$287.2M -$183.2M
Net margin — — -374% -88% -74% -29%
Earnings per share -$2.77 -$3.47 -$4.60 -$5.27 -$5.99 -$3.68
Free cash flow -$78.5M -$108.5M -$117.2M -$145.7M -$128.7M -$93.9M
Free cash margin — — -234% -54% -33% -15%
Cash $183.9M $86.5M $200.8M $386.2M $315.4M $322.9M
Long-term debt $48.3M $49.1M $94.3M $178.1M $180.7M $117.7M
Shareholders' equity $113.8M $15.6M $109.6M $191.0M $57.0M $88.3M
Shares outstanding 37.37m 37.82m 43.50m 47.35m 48.67m 50.88m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 10, 2026 Quarterly ↗ Jun 30, 2026 41d
May 4, 2026 Quarterly ↗ Mar 31, 2026 34d
Feb 23, 2026 Annual ↗ Dec 31, 2025 54d
Nov 3, 2025 Quarterly ↗ Sep 30, 2025 34d
Aug 4, 2025 Quarterly ↗ Jun 30, 2025 35d
May 5, 2025 Quarterly ↗ Mar 31, 2025 35d
Feb 18, 2025 Annual ↗ Dec 31, 2024 49d
Nov 12, 2024 Quarterly ↗ Sep 30, 2024 43d
Aug 5, 2024 Quarterly ↗ Jun 30, 2024 36d
May 6, 2024 Quarterly ↗ Mar 31, 2024 36d
Feb 23, 2024 Annual ↗ Dec 31, 2023 54d
Nov 6, 2023 Quarterly ↗ Sep 30, 2023 37d

Current reports

FiledDisclosed
Aug 10, 2026 Results · Other events ↗
Jul 15, 2026 Other events ↗
Jun 9, 2026 Director or officer change ↗
Jun 9, 2026 Shareholder vote ↗
Jun 3, 2026 Other events ↗
May 4, 2026 Results · Other events ↗
Apr 30, 2026 Other events ↗
Apr 1, 2026 Other events ↗
Feb 23, 2026 Results ↗
Feb 17, 2026 Other events ↗
Jan 12, 2026 Results · Other events ↗
Dec 31, 2025 Other events ↗