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

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $155.6M, roughly 1.3× GOLDEN ENTERTAINMENT, INC.). GOLDEN ENTERTAINMENT, INC. runs the higher net margin — -5.5% vs -14.6%, a 9.1% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs -5.2%). GOLDEN ENTERTAINMENT, INC. produced more free cash flow last quarter ($-4.4M vs $-18.7M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs -5.4%).

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.

Golden Entertainment, Inc. is an American gambling company based in Enterprise, Nevada that operates casinos and taverns. It was formed in 2015 by the merger of Golden Gaming and Lakes Entertainment. It is the largest tavern operator in Nevada. In October 2017, the company completed an $850 million acquisition of American Casino & Entertainment Properties. The company now has eight casino resorts, all located in Southern Nevada.

AXSM vs GDEN — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.3× larger
AXSM
$196.0M
$155.6M
GDEN
Growing faster (revenue YoY)
AXSM
AXSM
+70.3% gap
AXSM
65.0%
-5.2%
GDEN
Higher net margin
GDEN
GDEN
9.1% more per $
GDEN
-5.5%
-14.6%
AXSM
More free cash flow
GDEN
GDEN
$14.4M more FCF
GDEN
$-4.4M
$-18.7M
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
-5.4%
GDEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXSM
AXSM
GDEN
GDEN
Revenue
$196.0M
$155.6M
Net Profit
$-28.6M
$-8.5M
Gross Margin
92.5%
Operating Margin
-13.8%
-1.5%
Net Margin
-14.6%
-5.5%
Revenue YoY
65.0%
-5.2%
Net Profit YoY
61.9%
-386.0%
EPS (diluted)
$-0.55
$-0.31

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
GDEN
GDEN
Q4 25
$196.0M
$155.6M
Q3 25
$171.0M
$154.8M
Q2 25
$150.0M
$163.6M
Q1 25
$121.5M
$160.8M
Q4 24
$118.8M
$164.2M
Q3 24
$104.8M
$161.2M
Q2 24
$87.2M
$167.3M
Q1 24
$75.0M
$174.0M
Net Profit
AXSM
AXSM
GDEN
GDEN
Q4 25
$-28.6M
$-8.5M
Q3 25
$-47.2M
$-4.7M
Q2 25
$-48.0M
$4.6M
Q1 25
$-59.4M
$2.5M
Q4 24
$-74.9M
$3.0M
Q3 24
$-64.6M
$5.2M
Q2 24
$-79.3M
$623.0K
Q1 24
$-68.4M
$42.0M
Gross Margin
AXSM
AXSM
GDEN
GDEN
Q4 25
92.5%
Q3 25
92.8%
Q2 25
93.1%
Q1 25
92.7%
Q4 24
96.3%
Q3 24
93.0%
Q2 24
93.2%
Q1 24
89.9%
Operating Margin
AXSM
AXSM
GDEN
GDEN
Q4 25
-13.8%
-1.5%
Q3 25
-27.0%
0.6%
Q2 25
-24.5%
7.3%
Q1 25
-46.9%
6.9%
Q4 24
-61.1%
7.1%
Q3 24
-59.8%
4.2%
Q2 24
-89.5%
8.1%
Q1 24
-89.7%
46.0%
Net Margin
AXSM
AXSM
GDEN
GDEN
Q4 25
-14.6%
-5.5%
Q3 25
-27.6%
-3.0%
Q2 25
-32.0%
2.8%
Q1 25
-48.9%
1.6%
Q4 24
-63.1%
1.8%
Q3 24
-61.7%
3.2%
Q2 24
-91.0%
0.4%
Q1 24
-91.1%
24.1%
EPS (diluted)
AXSM
AXSM
GDEN
GDEN
Q4 25
$-0.55
$-0.31
Q3 25
$-0.94
$-0.18
Q2 25
$-0.97
$0.17
Q1 25
$-1.22
$0.09
Q4 24
$-1.54
$0.14
Q3 24
$-1.34
$0.18
Q2 24
$-1.67
$0.02
Q1 24
$-1.44
$1.37

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
GDEN
GDEN
Cash + ST InvestmentsLiquidity on hand
$322.9M
$55.3M
Total DebtLower is stronger
$426.6M
Stockholders' EquityBook value
$88.3M
$420.9M
Total Assets
$689.8M
$1.0B
Debt / EquityLower = less leverage
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
GDEN
GDEN
Q4 25
$322.9M
$55.3M
Q3 25
$325.3M
$58.3M
Q2 25
$303.0M
$52.3M
Q1 25
$300.9M
$50.5M
Q4 24
$315.4M
$57.7M
Q3 24
$327.3M
$68.6M
Q2 24
$315.7M
$88.6M
Q1 24
$331.4M
$404.3M
Total Debt
AXSM
AXSM
GDEN
GDEN
Q4 25
$426.6M
Q3 25
$417.3M
Q2 25
$423.3M
Q1 25
$399.3M
Q4 24
$405.3M
Q3 24
$386.3M
Q2 24
$388.2M
Q1 24
$660.9M
Stockholders' Equity
AXSM
AXSM
GDEN
GDEN
Q4 25
$88.3M
$420.9M
Q3 25
$73.7M
$434.2M
Q2 25
$73.1M
$443.3M
Q1 25
$53.2M
$462.0M
Q4 24
$57.0M
$474.2M
Q3 24
$92.9M
$513.1M
Q2 24
$102.9M
$539.0M
Q1 24
$144.0M
$569.6M
Total Assets
AXSM
AXSM
GDEN
GDEN
Q4 25
$689.8M
$1.0B
Q3 25
$669.3M
$1.0B
Q2 25
$639.8M
$1.0B
Q1 25
$596.7M
$1.1B
Q4 24
$568.5M
$1.1B
Q3 24
$561.5M
$1.1B
Q2 24
$548.2M
$1.2B
Q1 24
$545.7M
$1.5B
Debt / Equity
AXSM
AXSM
GDEN
GDEN
Q4 25
1.01×
Q3 25
0.96×
Q2 25
0.95×
Q1 25
0.86×
Q4 24
0.85×
Q3 24
0.75×
Q2 24
0.72×
Q1 24
1.16×

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
GDEN
GDEN
Operating Cash FlowLast quarter
$-18.7M
$10.2M
Free Cash FlowOCF − Capex
$-18.7M
$-4.4M
FCF MarginFCF / Revenue
-9.6%
-2.8%
Capex IntensityCapex / Revenue
0.0%
9.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$35.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
GDEN
GDEN
Q4 25
$-18.7M
$10.2M
Q3 25
$1.0M
$26.9M
Q2 25
$-32.4M
$17.4M
Q1 25
$-43.4M
$28.6M
Q4 24
$-26.2M
$22.5M
Q3 24
$-18.6M
$22.5M
Q2 24
$-30.1M
$21.5M
Q1 24
$-53.5M
$25.8M
Free Cash Flow
AXSM
AXSM
GDEN
GDEN
Q4 25
$-18.7M
$-4.4M
Q3 25
$988.0K
$19.3M
Q2 25
$-32.4M
$4.0M
Q1 25
$-43.7M
$16.6M
Q4 24
$-26.2M
$14.3M
Q3 24
$-18.7M
$14.7M
Q2 24
$-30.2M
$3.9M
Q1 24
$-53.6M
$9.5M
FCF Margin
AXSM
AXSM
GDEN
GDEN
Q4 25
-9.6%
-2.8%
Q3 25
0.6%
12.5%
Q2 25
-21.6%
2.4%
Q1 25
-36.0%
10.4%
Q4 24
-22.1%
8.7%
Q3 24
-17.9%
9.1%
Q2 24
-34.6%
2.3%
Q1 24
-71.4%
5.5%
Capex Intensity
AXSM
AXSM
GDEN
GDEN
Q4 25
0.0%
9.4%
Q3 25
0.0%
4.9%
Q2 25
0.0%
8.2%
Q1 25
0.3%
7.4%
Q4 24
0.0%
5.0%
Q3 24
0.1%
4.9%
Q2 24
0.1%
10.5%
Q1 24
0.1%
9.3%
Cash Conversion
AXSM
AXSM
GDEN
GDEN
Q4 25
Q3 25
Q2 25
3.76×
Q1 25
11.43×
Q4 24
7.57×
Q3 24
4.36×
Q2 24
34.51×
Q1 24
0.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Segment breakdown not available.

GDEN
GDEN

Nevada Casino Resorts$90.2M58%
Nevada Locals Casinos$37.4M24%
Nevada Taverns$27.7M18%

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