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AXSM · NasdaqGM

Axsome Therapeutics

Biotechnology · United States

USD 172.85-2.4% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$9.05B
Trailing P/E
—
Forward P/E
36.63x
Quarterly revenue growth
45.5%
Trailing net margin
-24.7%
Indicated dividend yield
—

Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-11-02 (provider estimate, not issuer-confirmed).

Company background

Axsome Therapeutics, Inc., a biopharmaceutical company, develops and delivers novel therapies for the management of central nervous system (CNS) disorders in the United States. The company's commercial product portfolio includes Auvelity (dextromethorphan-bupropion), a N-methyl-D-aspartate receptor antagonist, sigma-1 receptor agonist, aminoketone, and CYP2D6 inhibitor indicated for the treatment of major depressive disorder in adults; Sunosi (solriamfetol), a dopamine and norepinephrine reuptake inhibitor, trace amine-associated receptor 1 agonist, and 5-HT1A agonist indicated for the treatment of excessive daytime sleepiness in patients with narcolepsy or obstructive sleep apnea; and Symbravo (MoSEIC meloxicam rizatriptan), or AXS-07, a rapidly absorbed, multi-mechanistic, selective COX-2 inhibitor, and 5-HT1B/1D agonist indicated for the acute treatment of migraine with or without aura. It also develops AXS-05 (dextromethorphan-bupropion), an investigational N-methyl-D-aspartate receptor antagonist, which has completed Phase III clinical trial to treat Alzheimer's disease agitation, as well as that has completed phase II clinical trial for the treatment of smoking cessation; AXS-12 (reboxetine), a highly selective and potent norepinephrine reuptake inhibitor and cortical dopamine modulator, which has completed Phase II trial to treat narcolepsy; AXS-14 (esreboxetine), a selective and potent norepinephrine reuptake inhibitor that has completed Phase III trial for the treatment of fibromyalgia and other conditions; and Solriamfetol, a dopamine and norepinephrine reuptake inhibitor, which is in Phase III trial for treating attention deficit hyperactivity, major depressive, binge eating, and excessive sleepiness associated with shift work disorder. It has a research collaboration agreement with Duke University for evaluating AXS-05 in a Phase 2 clinical trial in smoking cessation treatment. The company was incorporated in 2012 and is based in New York, New York.

Company website

Q2 2026

Go beyond the headline.

Axsome (AXSM) Q2 2026: 96 Cents Of Selling Cost Per Dollar Sold

Published 2026-08-13

Comparable businesses

AXSM peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricAXSMAxsome Therapeutics, Inc.Snapshot 2026-10-06Financial period: 2026-06-30
Market capMarket value, converted to USDUS$9.05B
Forward P/EProvider forward earnings estimate36.63x
EV / EBITDAEnterprise value / trailing EBITDA—
Revenue growthLatest quarter vs prior-year quarter45.5%
Operating marginLatest reported quarter-23.4%
Free cash flow yieldTrailing cash flow / market cap-0.1%
Net debt / EBITDANet debt / trailing EBITDA—
Debt / equityTotal debt / positive book equity2.70x
Trailing P/ETrailing twelve-month earnings—
Price / bookPrice / positive book equity per share108.51x
EV / salesEnterprise value / trailing revenue11.82x
Earnings growthLatest quarter vs prior-year quarter—
Gross marginTrailing twelve months93.2%
Net marginTrailing twelve months-24.7%
Return on equityProvider trailing return; positive equity only-245.1%
Free cash flow marginTrailing free cash flow / revenue-0.6%
Dividend yieldIndicated annual dividend / price—
Earnings payoutProvider trailing dividend payout—
Current ratioCurrent assets / current liabilities1.43x
BetaProvider historical market sensitivity0.85

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Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for AXSM

All available reporting periods
Q2 20262026-08-13
Q1 20262026-05-04

AXSM Stock: Revenue Beats, EPS Misses — Q1 2026

Presentation · 2026-05-04 · YouTube

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.