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

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($191.2M vs $181.2M, roughly 1.1× CLEANSPARK, INC.). On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (57.4% vs 11.6%). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs 48.1%).

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.

CleanSpark, Inc. is a U.S.-headquartered sustainable technology company operating two core business segments: low-carbon Bitcoin mining powered primarily by renewable and stranded energy resources, and end-to-end microgrid design, deployment, and operation services for commercial, industrial, and public sector clients across North America.

AXSM vs CLSK — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.1× larger
AXSM
$191.2M
$181.2M
CLSK
Growing faster (revenue YoY)
AXSM
AXSM
+45.8% gap
AXSM
57.4%
11.6%
CLSK
Faster 2-yr revenue CAGR
CLSK
CLSK
Annualised
CLSK
106.4%
48.1%
AXSM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXSM
AXSM
CLSK
CLSK
Revenue
$191.2M
$181.2M
Net Profit
$-378.7M
Gross Margin
47.2%
Operating Margin
-33.1%
-174.7%
Net Margin
-209.0%
Revenue YoY
57.4%
11.6%
Net Profit YoY
-253.5%
EPS (diluted)

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
CLSK
CLSK
Q1 26
$191.2M
Q4 25
$196.0M
$181.2M
Q3 25
$171.0M
Q2 25
$150.0M
Q1 25
$121.5M
Q4 24
$118.8M
Q3 24
$104.8M
$89.3M
Q2 24
$87.2M
$104.1M
Net Profit
AXSM
AXSM
CLSK
CLSK
Q1 26
Q4 25
$-28.6M
$-378.7M
Q3 25
$-47.2M
Q2 25
$-48.0M
Q1 25
$-59.4M
Q4 24
$-74.9M
Q3 24
$-64.6M
$-62.2M
Q2 24
$-79.3M
$-236.2M
Gross Margin
AXSM
AXSM
CLSK
CLSK
Q1 26
Q4 25
47.2%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.0%
Q2 24
56.6%
Operating Margin
AXSM
AXSM
CLSK
CLSK
Q1 26
-33.1%
Q4 25
-13.8%
-174.7%
Q3 25
-27.0%
Q2 25
-24.5%
Q1 25
-46.9%
Q4 24
-61.1%
Q3 24
-59.8%
-73.5%
Q2 24
-89.5%
-239.2%
Net Margin
AXSM
AXSM
CLSK
CLSK
Q1 26
Q4 25
-14.6%
-209.0%
Q3 25
-27.6%
Q2 25
-32.0%
Q1 25
-48.9%
Q4 24
-63.1%
Q3 24
-61.7%
-69.6%
Q2 24
-91.0%
-226.9%
EPS (diluted)
AXSM
AXSM
CLSK
CLSK
Q1 26
Q4 25
$-0.55
Q3 25
$-0.94
Q2 25
$-0.97
Q1 25
$-1.22
Q4 24
$-1.54
Q3 24
$-1.34
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
CLSK
CLSK
Cash + ST InvestmentsLiquidity on hand
$305.1M
$458.1M
Total DebtLower is stronger
$70.0M
$1.8B
Stockholders' EquityBook value
$1.4B
Total Assets
$713.6M
$3.3B
Debt / EquityLower = less leverage
1.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
CLSK
CLSK
Q1 26
$305.1M
Q4 25
$322.9M
$458.1M
Q3 25
$325.3M
Q2 25
$303.0M
Q1 25
$300.9M
Q4 24
$315.4M
Q3 24
$327.3M
$121.2M
Q2 24
$315.7M
$126.1M
Total Debt
AXSM
AXSM
CLSK
CLSK
Q1 26
$70.0M
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$7.2M
Q2 24
$1.3M
Stockholders' Equity
AXSM
AXSM
CLSK
CLSK
Q1 26
Q4 25
$88.3M
$1.4B
Q3 25
$73.7M
Q2 25
$73.1M
Q1 25
$53.2M
Q4 24
$57.0M
Q3 24
$92.9M
$1.8B
Q2 24
$102.9M
$1.4B
Total Assets
AXSM
AXSM
CLSK
CLSK
Q1 26
$713.6M
Q4 25
$689.8M
$3.3B
Q3 25
$669.3M
Q2 25
$639.8M
Q1 25
$596.7M
Q4 24
$568.5M
Q3 24
$561.5M
$2.0B
Q2 24
$548.2M
$1.5B
Debt / Equity
AXSM
AXSM
CLSK
CLSK
Q1 26
Q4 25
1.29×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.00×
Q2 24
0.00×

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
CLSK
CLSK
Operating Cash FlowLast quarter
$-161.1M
Free Cash FlowOCF − Capex
$-198.1M
FCF MarginFCF / Revenue
-109.3%
Capex IntensityCapex / Revenue
20.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-626.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
CLSK
CLSK
Q1 26
Q4 25
$-18.7M
$-161.1M
Q3 25
$1.0M
Q2 25
$-32.4M
Q1 25
$-43.4M
Q4 24
$-26.2M
Q3 24
$-18.6M
$-233.7M
Q2 24
$-30.1M
$-58.4M
Free Cash Flow
AXSM
AXSM
CLSK
CLSK
Q1 26
Q4 25
$-18.7M
$-198.1M
Q3 25
$988.0K
Q2 25
$-32.4M
Q1 25
$-43.7M
Q4 24
$-26.2M
Q3 24
$-18.7M
$-299.8M
Q2 24
$-30.2M
$-68.7M
FCF Margin
AXSM
AXSM
CLSK
CLSK
Q1 26
Q4 25
-9.6%
-109.3%
Q3 25
0.6%
Q2 25
-21.6%
Q1 25
-36.0%
Q4 24
-22.1%
Q3 24
-17.9%
-335.8%
Q2 24
-34.6%
-66.0%
Capex Intensity
AXSM
AXSM
CLSK
CLSK
Q1 26
Q4 25
0.0%
20.4%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.3%
Q4 24
0.0%
Q3 24
0.1%
74.0%
Q2 24
0.1%
9.9%

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%

CLSK
CLSK

Segment breakdown not available.

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