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Companies / Health Care / Axsome Therapeutics, Inc.
AXSM

Axsome Therapeutics, Inc.

Health CarePharmaceutical Preparations
Ticker AXSMNEW YORK, NYFiscal year ends DecemberBook value per share $1.62Diluted shares 51.5M

Axsome Therapeutics, Inc. (Nasdaq: AXSM) is a fully integrated biopharmaceutical company developing and commercializing medicines for central nervous system conditions. Its three U.S.-approved commercial products are AUVELITY for major depressive disorder, SUNOSI for excessive daytime sleepiness associated with… From the company’s description.

In fiscal 2025, Axsome Therapeutics, Inc. reported revenue of $638.50M, up 65.5% from fiscal 2024, and a net loss of $183.17M. Its operating margin was −26.1%, and operations used $93.41M in cash. Over the twelve months to Jun 30, 2026, revenue was $776.57M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$638.50MFY2025
+65.5% year over year
Last 12 mo $776.57M
-26.12%FY2025
+46.6 percentage points
Last 12 mo -23.96%
$-183.17MFY2025
+36.2% year over year
Last 12 mo $-191.64M
-207.46%FY2025
+296.3 percentage points
Last 12 mo -230.05%
Cash & financing
$-93.41MFY2025
+27.3% year over year
Last 12 mo $-71.26M
$-93.89MFY2025
+27.0% year over year
Last 12 mo $-71.96M
2.17FY2025
Was 3.22× a year earlier
Last 12 mo 2.36
49.7MFY2025
+3.8% year over year
Last 12 mo 51.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Axsome Therapeutics, Inc. does

In the company’s own words

Axsome Therapeutics, Inc. (Nasdaq: AXSM) is a fully integrated biopharmaceutical company developing and commercializing medicines for central nervous system conditions. Its three U.S.-approved commercial products are AUVELITY for major depressive disorder, SUNOSI for excessive daytime sleepiness associated with obstructive sleep apnea or narcolepsy, and SYMBRAVO for acute treatment of migraine in adults. The company’s pipeline includes candidates for Alzheimer’s disease agitation, smoking cessation, ADHD, depression with excessive daytime sleepiness, binge eating disorder, shift work disorder, narcolepsy, fibromyalgia and epilepsy. Axsome develops products using proprietary medicinal chemistry and formulation technologies and has a U.S. commercial infrastructure, while partnering for some international commercialization. It acquired U.S. and ex-U.S. rights to SUNOSI from Jazz Pharmaceuticals in 2022 and launched SYMBRAVO in 2025. Revenue from its three commercial products totaled $638.5 million in fiscal 2025. Its website is https://www.axsome.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1579428
SIC
2834

Financial performance, year by year

Fiscal 2016–2025 · USD
$-393.59M$-74.46M$244.68M$563.81M$882.95M2016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Axsome Therapeutics, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

381
funds hold it
1 of 35
superinvestors hold it
$3.73B
held by funds, at market
30.3%
of shares held by funds

Superinvestors in Axsome Therapeutics, Inc. · what they did last quarter

Polen CapitalINCREASED +111.2%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Axsome Therapeutics, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.13%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.30%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.12%of fund net assets
Invesco Discovery Fund
AIM Counselor Series Trust (Invesco Counselor Series Trust)
1.40%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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