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

COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $196.0M, roughly 1.0× Axsome Therapeutics, Inc.). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs -14.6%, a 22.8% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs 12.9%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $-18.7M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs 19.1%).

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.

Collegium Pharmaceutical, Inc. is a specialty pharmaceutical firm focused on developing and commercializing innovative, abuse-deterrent pain management therapies. Operating primarily in the U.S. market, it offers extended-release analgesics for chronic pain patients, serving providers across primary and specialty care segments.

AXSM vs COLL — Head-to-Head

Bigger by revenue
COLL
COLL
1.0× larger
COLL
$205.4M
$196.0M
AXSM
Growing faster (revenue YoY)
AXSM
AXSM
+52.1% gap
AXSM
65.0%
12.9%
COLL
Higher net margin
COLL
COLL
22.8% more per $
COLL
8.3%
-14.6%
AXSM
More free cash flow
COLL
COLL
$141.1M more FCF
COLL
$122.4M
$-18.7M
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
19.1%
COLL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXSM
AXSM
COLL
COLL
Revenue
$196.0M
$205.4M
Net Profit
$-28.6M
$17.0M
Gross Margin
62.5%
Operating Margin
-13.8%
29.6%
Net Margin
-14.6%
8.3%
Revenue YoY
65.0%
12.9%
Net Profit YoY
61.9%
35.3%
EPS (diluted)
$-0.55
$0.48

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
COLL
COLL
Q4 25
$196.0M
$205.4M
Q3 25
$171.0M
$209.4M
Q2 25
$150.0M
$188.0M
Q1 25
$121.5M
$177.8M
Q4 24
$118.8M
$181.9M
Q3 24
$104.8M
$159.3M
Q2 24
$87.2M
$145.3M
Q1 24
$75.0M
$144.9M
Net Profit
AXSM
AXSM
COLL
COLL
Q4 25
$-28.6M
$17.0M
Q3 25
$-47.2M
$31.5M
Q2 25
$-48.0M
$12.0M
Q1 25
$-59.4M
$2.4M
Q4 24
$-74.9M
$12.5M
Q3 24
$-64.6M
$9.3M
Q2 24
$-79.3M
$19.6M
Q1 24
$-68.4M
$27.7M
Gross Margin
AXSM
AXSM
COLL
COLL
Q4 25
62.5%
Q3 25
61.7%
Q2 25
57.7%
Q1 25
54.8%
Q4 24
54.0%
Q3 24
60.8%
Q2 24
62.5%
Q1 24
63.1%
Operating Margin
AXSM
AXSM
COLL
COLL
Q4 25
-13.8%
29.6%
Q3 25
-27.0%
29.7%
Q2 25
-24.5%
18.7%
Q1 25
-46.9%
12.2%
Q4 24
-61.1%
20.9%
Q3 24
-59.8%
21.9%
Q2 24
-89.5%
32.7%
Q1 24
-89.7%
34.1%
Net Margin
AXSM
AXSM
COLL
COLL
Q4 25
-14.6%
8.3%
Q3 25
-27.6%
15.0%
Q2 25
-32.0%
6.4%
Q1 25
-48.9%
1.4%
Q4 24
-63.1%
6.9%
Q3 24
-61.7%
5.9%
Q2 24
-91.0%
13.5%
Q1 24
-91.1%
19.1%
EPS (diluted)
AXSM
AXSM
COLL
COLL
Q4 25
$-0.55
$0.48
Q3 25
$-0.94
$0.84
Q2 25
$-0.97
$0.34
Q1 25
$-1.22
$0.07
Q4 24
$-1.54
$0.36
Q3 24
$-1.34
$0.27
Q2 24
$-1.67
$0.52
Q1 24
$-1.44
$0.71

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
COLL
COLL
Cash + ST InvestmentsLiquidity on hand
$322.9M
$386.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$88.3M
$301.7M
Total Assets
$689.8M
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
COLL
COLL
Q4 25
$322.9M
$386.7M
Q3 25
$325.3M
$285.9M
Q2 25
$303.0M
$222.2M
Q1 25
$300.9M
$197.8M
Q4 24
$315.4M
$162.8M
Q3 24
$327.3M
$120.0M
Q2 24
$315.7M
$271.6M
Q1 24
$331.4M
$318.0M
Stockholders' Equity
AXSM
AXSM
COLL
COLL
Q4 25
$88.3M
$301.7M
Q3 25
$73.7M
$274.8M
Q2 25
$73.1M
$232.2M
Q1 25
$53.2M
$234.4M
Q4 24
$57.0M
$228.8M
Q3 24
$92.9M
$234.3M
Q2 24
$102.9M
$216.6M
Q1 24
$144.0M
$222.2M
Total Assets
AXSM
AXSM
COLL
COLL
Q4 25
$689.8M
$1.7B
Q3 25
$669.3M
$1.6B
Q2 25
$639.8M
$1.6B
Q1 25
$596.7M
$1.6B
Q4 24
$568.5M
$1.7B
Q3 24
$561.5M
$1.6B
Q2 24
$548.2M
$1.1B
Q1 24
$545.7M
$1.1B

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
COLL
COLL
Operating Cash FlowLast quarter
$-18.7M
$123.0M
Free Cash FlowOCF − Capex
$-18.7M
$122.4M
FCF MarginFCF / Revenue
-9.6%
59.6%
Capex IntensityCapex / Revenue
0.0%
0.3%
Cash ConversionOCF / Net Profit
7.25×
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$327.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
COLL
COLL
Q4 25
$-18.7M
$123.0M
Q3 25
$1.0M
$78.4M
Q2 25
$-32.4M
$72.4M
Q1 25
$-43.4M
$55.4M
Q4 24
$-26.2M
$84.6M
Q3 24
$-18.6M
$-9.0M
Q2 24
$-30.1M
$67.4M
Q1 24
$-53.5M
$61.9M
Free Cash Flow
AXSM
AXSM
COLL
COLL
Q4 25
$-18.7M
$122.4M
Q3 25
$988.0K
$78.3M
Q2 25
$-32.4M
$72.4M
Q1 25
$-43.7M
$54.6M
Q4 24
$-26.2M
$84.1M
Q3 24
$-18.7M
$-9.2M
Q2 24
$-30.2M
$67.1M
Q1 24
$-53.6M
$61.4M
FCF Margin
AXSM
AXSM
COLL
COLL
Q4 25
-9.6%
59.6%
Q3 25
0.6%
37.4%
Q2 25
-21.6%
38.5%
Q1 25
-36.0%
30.7%
Q4 24
-22.1%
46.2%
Q3 24
-17.9%
-5.8%
Q2 24
-34.6%
46.2%
Q1 24
-71.4%
42.3%
Capex Intensity
AXSM
AXSM
COLL
COLL
Q4 25
0.0%
0.3%
Q3 25
0.0%
0.1%
Q2 25
0.0%
0.0%
Q1 25
0.3%
0.4%
Q4 24
0.0%
0.3%
Q3 24
0.1%
0.2%
Q2 24
0.1%
0.2%
Q1 24
0.1%
0.4%
Cash Conversion
AXSM
AXSM
COLL
COLL
Q4 25
7.25×
Q3 25
2.49×
Q2 25
6.05×
Q1 25
22.92×
Q4 24
6.75×
Q3 24
-0.96×
Q2 24
3.44×
Q1 24
2.23×

Financial Flow Comparison

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

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