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

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $124.4M, roughly 1.6× Brilliant Earth Group, Inc.). Brilliant Earth Group, Inc. runs the higher net margin — -2.3% vs -14.6%, a 12.2% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs 4.1%). Brilliant Earth Group, Inc. produced more free cash flow last quarter ($5.7M vs $-18.7M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs 13.1%).

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.

Brilliant Earth is an American company that sells jewelry featuring diamonds and other gemstones that are asserted to be ethically sourced. The company was established in August 2005 by Beth Gerstein and Eric Grossberg, and is headquartered in San Francisco, California. According to Businessweek, the company has been influential in creating a market for ethically sourced jewelry. Some provenance claims were disputed as per a 2017 The Next Web article.

AXSM vs BRLT — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.6× larger
AXSM
$196.0M
$124.4M
BRLT
Growing faster (revenue YoY)
AXSM
AXSM
+60.9% gap
AXSM
65.0%
4.1%
BRLT
Higher net margin
BRLT
BRLT
12.2% more per $
BRLT
-2.3%
-14.6%
AXSM
More free cash flow
BRLT
BRLT
$24.4M more FCF
BRLT
$5.7M
$-18.7M
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
13.1%
BRLT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXSM
AXSM
BRLT
BRLT
Revenue
$196.0M
$124.4M
Net Profit
$-28.6M
$-2.9M
Gross Margin
55.9%
Operating Margin
-13.8%
-0.0%
Net Margin
-14.6%
-2.3%
Revenue YoY
65.0%
4.1%
Net Profit YoY
61.9%
-908.9%
EPS (diluted)
$-0.55
$-0.20

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
BRLT
BRLT
Q4 25
$196.0M
$124.4M
Q3 25
$171.0M
$110.3M
Q2 25
$150.0M
$108.9M
Q1 25
$121.5M
$93.9M
Q4 24
$118.8M
$119.5M
Q3 24
$104.8M
$99.9M
Q2 24
$87.2M
$105.4M
Q1 24
$75.0M
$97.3M
Net Profit
AXSM
AXSM
BRLT
BRLT
Q4 25
$-28.6M
$-2.9M
Q3 25
$-47.2M
$-107.0K
Q2 25
$-48.0M
$-166.0K
Q1 25
$-59.4M
$-466.0K
Q4 24
$-74.9M
$358.0K
Q3 24
$-64.6M
$-141.0K
Q2 24
$-79.3M
$185.0K
Q1 24
$-68.4M
$139.0K
Gross Margin
AXSM
AXSM
BRLT
BRLT
Q4 25
55.9%
Q3 25
57.6%
Q2 25
58.3%
Q1 25
58.6%
Q4 24
59.6%
Q3 24
60.8%
Q2 24
60.8%
Q1 24
59.9%
Operating Margin
AXSM
AXSM
BRLT
BRLT
Q4 25
-13.8%
-0.0%
Q3 25
-27.0%
-0.6%
Q2 25
-24.5%
-1.1%
Q1 25
-46.9%
-3.8%
Q4 24
-61.1%
2.0%
Q3 24
-59.8%
-1.1%
Q2 24
-89.5%
1.1%
Q1 24
-89.7%
0.9%
Net Margin
AXSM
AXSM
BRLT
BRLT
Q4 25
-14.6%
-2.3%
Q3 25
-27.6%
-0.1%
Q2 25
-32.0%
-0.2%
Q1 25
-48.9%
-0.5%
Q4 24
-63.1%
0.3%
Q3 24
-61.7%
-0.1%
Q2 24
-91.0%
0.2%
Q1 24
-91.1%
0.1%
EPS (diluted)
AXSM
AXSM
BRLT
BRLT
Q4 25
$-0.55
$-0.20
Q3 25
$-0.94
$-0.01
Q2 25
$-0.97
$-0.01
Q1 25
$-1.22
$-0.03
Q4 24
$-1.54
$0.02
Q3 24
$-1.34
$-0.01
Q2 24
$-1.67
$0.01
Q1 24
$-1.44
$0.01

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
BRLT
BRLT
Cash + ST InvestmentsLiquidity on hand
$322.9M
$79.1M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$88.3M
$12.3M
Total Assets
$689.8M
$200.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
BRLT
BRLT
Q4 25
$322.9M
$79.1M
Q3 25
$325.3M
$73.4M
Q2 25
$303.0M
$133.6M
Q1 25
$300.9M
$147.3M
Q4 24
$315.4M
$161.9M
Q3 24
$327.3M
$152.7M
Q2 24
$315.7M
$152.2M
Q1 24
$331.4M
$147.5M
Total Debt
AXSM
AXSM
BRLT
BRLT
Q4 25
$0
Q3 25
$0
Q2 25
$34.5M
Q1 25
$54.5M
Q4 24
$55.7M
Q3 24
$58.1M
Q2 24
$58.0M
Q1 24
$58.8M
Stockholders' Equity
AXSM
AXSM
BRLT
BRLT
Q4 25
$88.3M
$12.3M
Q3 25
$73.7M
$12.0M
Q2 25
$73.1M
$15.3M
Q1 25
$53.2M
$14.9M
Q4 24
$57.0M
$15.3M
Q3 24
$92.9M
$14.5M
Q2 24
$102.9M
$14.1M
Q1 24
$144.0M
$13.3M
Total Assets
AXSM
AXSM
BRLT
BRLT
Q4 25
$689.8M
$200.9M
Q3 25
$669.3M
$203.0M
Q2 25
$639.8M
$260.9M
Q1 25
$596.7M
$269.6M
Q4 24
$568.5M
$281.2M
Q3 24
$561.5M
$273.2M
Q2 24
$548.2M
$272.5M
Q1 24
$545.7M
$268.2M
Debt / Equity
AXSM
AXSM
BRLT
BRLT
Q4 25
0.00×
Q3 25
0.00×
Q2 25
2.26×
Q1 25
3.65×
Q4 24
3.63×
Q3 24
4.01×
Q2 24
4.13×
Q1 24
4.43×

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
BRLT
BRLT
Operating Cash FlowLast quarter
$-18.7M
$7.2M
Free Cash FlowOCF − Capex
$-18.7M
$5.7M
FCF MarginFCF / Revenue
-9.6%
4.6%
Capex IntensityCapex / Revenue
0.0%
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$5.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
BRLT
BRLT
Q4 25
$-18.7M
$7.2M
Q3 25
$1.0M
$608.0K
Q2 25
$-32.4M
$9.1M
Q1 25
$-43.4M
$-7.1M
Q4 24
$-26.2M
$14.1M
Q3 24
$-18.6M
$2.0M
Q2 24
$-30.1M
$7.3M
Q1 24
$-53.5M
$-5.8M
Free Cash Flow
AXSM
AXSM
BRLT
BRLT
Q4 25
$-18.7M
$5.7M
Q3 25
$988.0K
$-3.0K
Q2 25
$-32.4M
$7.9M
Q1 25
$-43.7M
$-7.9M
Q4 24
$-26.2M
$11.9M
Q3 24
$-18.7M
$674.0K
Q2 24
$-30.2M
$6.5M
Q1 24
$-53.6M
$-6.4M
FCF Margin
AXSM
AXSM
BRLT
BRLT
Q4 25
-9.6%
4.6%
Q3 25
0.6%
-0.0%
Q2 25
-21.6%
7.3%
Q1 25
-36.0%
-8.4%
Q4 24
-22.1%
10.0%
Q3 24
-17.9%
0.7%
Q2 24
-34.6%
6.1%
Q1 24
-71.4%
-6.5%
Capex Intensity
AXSM
AXSM
BRLT
BRLT
Q4 25
0.0%
1.2%
Q3 25
0.0%
0.6%
Q2 25
0.0%
1.1%
Q1 25
0.3%
0.8%
Q4 24
0.0%
1.8%
Q3 24
0.1%
1.3%
Q2 24
0.1%
0.8%
Q1 24
0.1%
0.6%
Cash Conversion
AXSM
AXSM
BRLT
BRLT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
39.36×
Q3 24
Q2 24
39.51×
Q1 24
-41.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Segment breakdown not available.

BRLT
BRLT

US$120.3M97%
Non Us$4.2M3%

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