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

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $196.0M, roughly 1.3× Axsome Therapeutics, Inc.). Axsome Therapeutics, Inc. runs the higher net margin — -14.6% vs -125.2%, a 110.6% gap on every dollar of revenue. Axsome Therapeutics, Inc. produced more free cash flow last quarter ($-18.7M vs $-256.6M).

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.

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

AXSM vs PCLA — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.3× larger
PCLA
$252.6M
$196.0M
AXSM
Higher net margin
AXSM
AXSM
110.6% more per $
AXSM
-14.6%
-125.2%
PCLA
More free cash flow
AXSM
AXSM
$237.9M more FCF
AXSM
$-18.7M
$-256.6M
PCLA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AXSM
AXSM
PCLA
PCLA
Revenue
$196.0M
$252.6M
Net Profit
$-28.6M
$-316.2M
Gross Margin
Operating Margin
-13.8%
-114.8%
Net Margin
-14.6%
-125.2%
Revenue YoY
65.0%
Net Profit YoY
61.9%
EPS (diluted)
$-0.55

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
PCLA
PCLA
Q4 25
$196.0M
Q3 25
$171.0M
Q2 25
$150.0M
Q1 25
$121.5M
$252.6M
Q4 24
$118.8M
Q3 24
$104.8M
Q2 24
$87.2M
Q1 24
$75.0M
Net Profit
AXSM
AXSM
PCLA
PCLA
Q4 25
$-28.6M
Q3 25
$-47.2M
Q2 25
$-48.0M
Q1 25
$-59.4M
$-316.2M
Q4 24
$-74.9M
Q3 24
$-64.6M
Q2 24
$-79.3M
Q1 24
$-68.4M
Operating Margin
AXSM
AXSM
PCLA
PCLA
Q4 25
-13.8%
Q3 25
-27.0%
Q2 25
-24.5%
Q1 25
-46.9%
-114.8%
Q4 24
-61.1%
Q3 24
-59.8%
Q2 24
-89.5%
Q1 24
-89.7%
Net Margin
AXSM
AXSM
PCLA
PCLA
Q4 25
-14.6%
Q3 25
-27.6%
Q2 25
-32.0%
Q1 25
-48.9%
-125.2%
Q4 24
-63.1%
Q3 24
-61.7%
Q2 24
-91.0%
Q1 24
-91.1%
EPS (diluted)
AXSM
AXSM
PCLA
PCLA
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
Q1 24
$-1.44

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
PCLA
PCLA
Cash + ST InvestmentsLiquidity on hand
$322.9M
$456.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$88.3M
$354.8M
Total Assets
$689.8M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
PCLA
PCLA
Q4 25
$322.9M
Q3 25
$325.3M
Q2 25
$303.0M
Q1 25
$300.9M
$456.8M
Q4 24
$315.4M
Q3 24
$327.3M
Q2 24
$315.7M
Q1 24
$331.4M
Stockholders' Equity
AXSM
AXSM
PCLA
PCLA
Q4 25
$88.3M
Q3 25
$73.7M
Q2 25
$73.1M
Q1 25
$53.2M
$354.8M
Q4 24
$57.0M
Q3 24
$92.9M
Q2 24
$102.9M
Q1 24
$144.0M
Total Assets
AXSM
AXSM
PCLA
PCLA
Q4 25
$689.8M
Q3 25
$669.3M
Q2 25
$639.8M
Q1 25
$596.7M
$1.2B
Q4 24
$568.5M
Q3 24
$561.5M
Q2 24
$548.2M
Q1 24
$545.7M

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
PCLA
PCLA
Operating Cash FlowLast quarter
$-18.7M
$-245.6M
Free Cash FlowOCF − Capex
$-18.7M
$-256.6M
FCF MarginFCF / Revenue
-9.6%
-101.6%
Capex IntensityCapex / Revenue
0.0%
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
PCLA
PCLA
Q4 25
$-18.7M
Q3 25
$1.0M
Q2 25
$-32.4M
Q1 25
$-43.4M
$-245.6M
Q4 24
$-26.2M
Q3 24
$-18.6M
Q2 24
$-30.1M
Q1 24
$-53.5M
Free Cash Flow
AXSM
AXSM
PCLA
PCLA
Q4 25
$-18.7M
Q3 25
$988.0K
Q2 25
$-32.4M
Q1 25
$-43.7M
$-256.6M
Q4 24
$-26.2M
Q3 24
$-18.7M
Q2 24
$-30.2M
Q1 24
$-53.6M
FCF Margin
AXSM
AXSM
PCLA
PCLA
Q4 25
-9.6%
Q3 25
0.6%
Q2 25
-21.6%
Q1 25
-36.0%
-101.6%
Q4 24
-22.1%
Q3 24
-17.9%
Q2 24
-34.6%
Q1 24
-71.4%
Capex Intensity
AXSM
AXSM
PCLA
PCLA
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.3%
4.3%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Segment breakdown not available.

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

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