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

BKV Corp is the larger business by last-quarter revenue ($255.9M vs $191.2M, roughly 1.3× Axsome Therapeutics, Inc.).

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.

BKV Corp is a North American independent energy company focused on sustainable natural gas exploration, production, and distribution, with core operating assets located in the Appalachian Basin. It serves utility, industrial, and commercial customers across the region, and invests in low-carbon technologies including carbon capture to reduce operational emissions.

AXSM vs BKV — Head-to-Head

Bigger by revenue
BKV
BKV
1.3× larger
BKV
$255.9M
$191.2M
AXSM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXSM
AXSM
BKV
BKV
Revenue
$191.2M
$255.9M
Net Profit
$70.4M
Gross Margin
Operating Margin
-33.1%
39.3%
Net Margin
27.5%
Revenue YoY
57.4%
Net Profit YoY
EPS (diluted)
$0.78

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
AXSM
AXSM
BKV
BKV
Q1 26
$191.2M
Q4 25
$196.0M
$255.9M
Q3 25
$171.0M
$199.8M
Q2 25
$150.0M
$207.1M
Q1 25
$121.5M
$231.0M
Q4 24
$118.8M
Q3 24
$104.8M
$133.5M
Q2 24
$87.2M
Net Profit
AXSM
AXSM
BKV
BKV
Q1 26
Q4 25
$-28.6M
$70.4M
Q3 25
$-47.2M
$76.8M
Q2 25
$-48.0M
$104.6M
Q1 25
$-59.4M
$-78.7M
Q4 24
$-74.9M
Q3 24
$-64.6M
$12.9M
Q2 24
$-79.3M
Operating Margin
AXSM
AXSM
BKV
BKV
Q1 26
-33.1%
Q4 25
-13.8%
39.3%
Q3 25
-27.0%
41.2%
Q2 25
-24.5%
62.0%
Q1 25
-46.9%
-40.6%
Q4 24
-61.1%
Q3 24
-59.8%
-15.7%
Q2 24
-89.5%
Net Margin
AXSM
AXSM
BKV
BKV
Q1 26
Q4 25
-14.6%
27.5%
Q3 25
-27.6%
38.5%
Q2 25
-32.0%
50.5%
Q1 25
-48.9%
-34.1%
Q4 24
-63.1%
Q3 24
-61.7%
9.6%
Q2 24
-91.0%
EPS (diluted)
AXSM
AXSM
BKV
BKV
Q1 26
Q4 25
$-0.55
$0.78
Q3 25
$-0.94
$0.90
Q2 25
$-0.97
$1.23
Q1 25
$-1.22
$-0.93
Q4 24
$-1.54
Q3 24
$-1.34
$0.18
Q2 24
$-1.67

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
BKV
BKV
Cash + ST InvestmentsLiquidity on hand
$305.1M
$199.4M
Total DebtLower is stronger
$70.0M
$486.8M
Stockholders' EquityBook value
$2.0B
Total Assets
$713.6M
$3.1B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
BKV
BKV
Q1 26
$305.1M
Q4 25
$322.9M
$199.4M
Q3 25
$325.3M
$83.1M
Q2 25
$303.0M
$21.4M
Q1 25
$300.9M
$15.3M
Q4 24
$315.4M
Q3 24
$327.3M
$31.3M
Q2 24
$315.7M
Total Debt
AXSM
AXSM
BKV
BKV
Q1 26
$70.0M
Q4 25
$486.8M
Q3 25
$486.6M
Q2 25
$200.0M
Q1 25
$200.0M
Q4 24
Q3 24
$190.0M
Q2 24
Stockholders' Equity
AXSM
AXSM
BKV
BKV
Q1 26
Q4 25
$88.3M
$2.0B
Q3 25
$73.7M
$1.8B
Q2 25
$73.1M
$1.6B
Q1 25
$53.2M
$1.5B
Q4 24
$57.0M
Q3 24
$92.9M
$1.6B
Q2 24
$102.9M
Total Assets
AXSM
AXSM
BKV
BKV
Q1 26
$713.6M
Q4 25
$689.8M
$3.1B
Q3 25
$669.3M
$2.9B
Q2 25
$639.8M
$2.3B
Q1 25
$596.7M
$2.3B
Q4 24
$568.5M
Q3 24
$561.5M
$2.3B
Q2 24
$548.2M
Debt / Equity
AXSM
AXSM
BKV
BKV
Q1 26
Q4 25
0.24×
Q3 25
0.27×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
Q3 24
0.12×
Q2 24

Cash Flow & Capital Efficiency

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

Metric
AXSM
AXSM
BKV
BKV
Operating Cash FlowLast quarter
$69.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.99×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
BKV
BKV
Q1 26
Q4 25
$-18.7M
$69.4M
Q3 25
$1.0M
$74.5M
Q2 25
$-32.4M
$76.2M
Q1 25
$-43.4M
$22.6M
Q4 24
$-26.2M
Q3 24
$-18.6M
Q2 24
$-30.1M
Free Cash Flow
AXSM
AXSM
BKV
BKV
Q1 26
Q4 25
$-18.7M
Q3 25
$988.0K
$-126.9M
Q2 25
$-32.4M
Q1 25
$-43.7M
Q4 24
$-26.2M
Q3 24
$-18.7M
Q2 24
$-30.2M
FCF Margin
AXSM
AXSM
BKV
BKV
Q1 26
Q4 25
-9.6%
Q3 25
0.6%
-63.5%
Q2 25
-21.6%
Q1 25
-36.0%
Q4 24
-22.1%
Q3 24
-17.9%
Q2 24
-34.6%
Capex Intensity
AXSM
AXSM
BKV
BKV
Q1 26
Q4 25
0.0%
Q3 25
0.0%
100.9%
Q2 25
0.0%
Q1 25
0.3%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Cash Conversion
AXSM
AXSM
BKV
BKV
Q1 26
Q4 25
0.99×
Q3 25
0.97×
Q2 25
0.73×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Product sales, net$189.4M99%
Royalty revenue and milestone revenue$1.8M1%

BKV
BKV

Natural Gas NGL And Oil$249.3M97%
Related Party And Other$4.7M2%
Marketing$2.8M1%

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