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Side-by-side financial comparison of Digital Turbine, Inc. (APPS) and Axsome Therapeutics, Inc. (AXSM). Click either name above to swap in a different company.

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $151.4M, roughly 1.3× Digital Turbine, Inc.). Digital Turbine, Inc. runs the higher net margin — 3.4% vs -14.6%, a 17.9% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs 12.4%). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs 16.2%).

Digital Turbine, Inc. is a global ad technology company that provides end-to-end mobile app monetization, user acquisition, and targeted advertising solutions. It partners with mobile network operators, original equipment manufacturers, and app developers to deliver seamless, contextually relevant app experiences and ad engagements to end users across North America, Europe, and Asia-Pacific, serving core segments of telecom, mobile tech and consumer app industries.

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

APPS vs AXSM — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.3× larger
AXSM
$196.0M
$151.4M
APPS
Growing faster (revenue YoY)
AXSM
AXSM
+52.6% gap
AXSM
65.0%
12.4%
APPS
Higher net margin
APPS
APPS
17.9% more per $
APPS
3.4%
-14.6%
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
16.2%
APPS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
APPS
APPS
AXSM
AXSM
Revenue
$151.4M
$196.0M
Net Profit
$5.1M
$-28.6M
Gross Margin
57.4%
Operating Margin
14.3%
-13.8%
Net Margin
3.4%
-14.6%
Revenue YoY
12.4%
65.0%
Net Profit YoY
122.1%
61.9%
EPS (diluted)
$0.03
$-0.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APPS
APPS
AXSM
AXSM
Q4 25
$151.4M
$196.0M
Q3 25
$140.4M
$171.0M
Q2 25
$130.9M
$150.0M
Q1 25
$119.2M
$121.5M
Q4 24
$134.6M
$118.8M
Q3 24
$118.7M
$104.8M
Q2 24
$118.0M
$87.2M
Q1 24
$112.2M
$75.0M
Net Profit
APPS
APPS
AXSM
AXSM
Q4 25
$5.1M
$-28.6M
Q3 25
$-21.4M
$-47.2M
Q2 25
$-14.1M
$-48.0M
Q1 25
$-18.8M
$-59.4M
Q4 24
$-23.1M
$-74.9M
Q3 24
$-25.0M
$-64.6M
Q2 24
$-25.2M
$-79.3M
Q1 24
$-236.5M
$-68.4M
Gross Margin
APPS
APPS
AXSM
AXSM
Q4 25
57.4%
Q3 25
55.1%
Q2 25
55.6%
Q1 25
55.4%
Q4 24
48.0%
Q3 24
52.6%
Q2 24
52.7%
Q1 24
52.3%
Operating Margin
APPS
APPS
AXSM
AXSM
Q4 25
14.3%
-13.8%
Q3 25
4.7%
-27.0%
Q2 25
-3.6%
-24.5%
Q1 25
-9.8%
-46.9%
Q4 24
-9.5%
-61.1%
Q3 24
-11.4%
-59.8%
Q2 24
-13.6%
-89.5%
Q1 24
-185.2%
-89.7%
Net Margin
APPS
APPS
AXSM
AXSM
Q4 25
3.4%
-14.6%
Q3 25
-15.2%
-27.6%
Q2 25
-10.8%
-32.0%
Q1 25
-15.8%
-48.9%
Q4 24
-17.2%
-63.1%
Q3 24
-21.0%
-61.7%
Q2 24
-21.3%
-91.0%
Q1 24
-210.7%
-91.1%
EPS (diluted)
APPS
APPS
AXSM
AXSM
Q4 25
$0.03
$-0.55
Q3 25
$-0.20
$-0.94
Q2 25
$-0.13
$-0.97
Q1 25
$-0.18
$-1.22
Q4 24
$-0.22
$-1.54
Q3 24
$-0.24
$-1.34
Q2 24
$-0.25
$-1.67
Q1 24
$-2.33
$-1.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APPS
APPS
AXSM
AXSM
Cash + ST InvestmentsLiquidity on hand
$40.2M
$322.9M
Total DebtLower is stronger
$355.0M
Stockholders' EquityBook value
$194.6M
$88.3M
Total Assets
$858.2M
$689.8M
Debt / EquityLower = less leverage
1.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APPS
APPS
AXSM
AXSM
Q4 25
$40.2M
$322.9M
Q3 25
$38.8M
$325.3M
Q2 25
$33.4M
$303.0M
Q1 25
$39.4M
$300.9M
Q4 24
$34.6M
$315.4M
Q3 24
$32.1M
$327.3M
Q2 24
$35.0M
$315.7M
Q1 24
$32.9M
$331.4M
Total Debt
APPS
APPS
AXSM
AXSM
Q4 25
$355.0M
Q3 25
$396.4M
Q2 25
$400.5M
Q1 25
$408.7M
Q4 24
$408.2M
Q3 24
$407.6M
Q2 24
$393.8M
Q1 24
$383.5M
Stockholders' Equity
APPS
APPS
AXSM
AXSM
Q4 25
$194.6M
$88.3M
Q3 25
$148.1M
$73.7M
Q2 25
$152.3M
$73.1M
Q1 25
$154.0M
$53.2M
Q4 24
$163.6M
$57.0M
Q3 24
$182.4M
$92.9M
Q2 24
$196.0M
$102.9M
Q1 24
$213.9M
$144.0M
Total Assets
APPS
APPS
AXSM
AXSM
Q4 25
$858.2M
$689.8M
Q3 25
$818.7M
$669.3M
Q2 25
$818.4M
$639.8M
Q1 25
$812.9M
$596.7M
Q4 24
$839.7M
$568.5M
Q3 24
$844.5M
$561.5M
Q2 24
$860.2M
$548.2M
Q1 24
$865.5M
$545.7M
Debt / Equity
APPS
APPS
AXSM
AXSM
Q4 25
1.82×
Q3 25
2.68×
Q2 25
2.63×
Q1 25
2.65×
Q4 24
2.50×
Q3 24
2.24×
Q2 24
2.01×
Q1 24
1.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APPS
APPS
AXSM
AXSM
Operating Cash FlowLast quarter
$14.2M
$-18.7M
Free Cash FlowOCF − Capex
$-18.7M
FCF MarginFCF / Revenue
-9.6%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
2.78×
TTM Free Cash FlowTrailing 4 quarters
$-93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APPS
APPS
AXSM
AXSM
Q4 25
$14.2M
$-18.7M
Q3 25
$14.5M
$1.0M
Q2 25
$8.8M
$-32.4M
Q1 25
$11.9M
$-43.4M
Q4 24
$10.4M
$-26.2M
Q3 24
$-8.7M
$-18.6M
Q2 24
$-1.4M
$-30.1M
Q1 24
$28.7M
$-53.5M
Free Cash Flow
APPS
APPS
AXSM
AXSM
Q4 25
$-18.7M
Q3 25
$988.0K
Q2 25
$-32.4M
Q1 25
$-43.7M
Q4 24
$-26.2M
Q3 24
$-18.7M
Q2 24
$-30.2M
Q1 24
$-53.6M
FCF Margin
APPS
APPS
AXSM
AXSM
Q4 25
-9.6%
Q3 25
0.6%
Q2 25
-21.6%
Q1 25
-36.0%
Q4 24
-22.1%
Q3 24
-17.9%
Q2 24
-34.6%
Q1 24
-71.4%
Capex Intensity
APPS
APPS
AXSM
AXSM
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.3%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
APPS
APPS
AXSM
AXSM
Q4 25
2.78×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APPS
APPS

On Device Solutions$99.6M66%
App Growth Platform$52.6M35%

AXSM
AXSM

Segment breakdown not available.

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