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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and Phreesia, Inc. (PHR). Click either name above to swap in a different company.
Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($191.2M vs $120.3M, roughly 1.6× Phreesia, Inc.). On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (57.4% vs 12.7%).
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.
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
AXSM vs PHR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $191.2M | $120.3M |
| Net Profit | — | $4.3M |
| Gross Margin | — | — |
| Operating Margin | -33.1% | 3.1% |
| Net Margin | — | 3.5% |
| Revenue YoY | 57.4% | 12.7% |
| Net Profit YoY | — | 129.7% |
| EPS (diluted) | — | $0.07 |
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.
| Q1 26 | $191.2M | — | ||
| Q4 25 | $196.0M | $120.3M | ||
| Q3 25 | $171.0M | $117.3M | ||
| Q2 25 | $150.0M | $115.9M | ||
| Q1 25 | $121.5M | — | ||
| Q4 24 | $118.8M | — | ||
| Q3 24 | $104.8M | — | ||
| Q2 24 | $87.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $4.3M | ||
| Q3 25 | $-47.2M | $654.0K | ||
| Q2 25 | $-48.0M | $-3.9M | ||
| Q1 25 | $-59.4M | — | ||
| Q4 24 | $-74.9M | — | ||
| Q3 24 | $-64.6M | — | ||
| Q2 24 | $-79.3M | — |
| Q1 26 | -33.1% | — | ||
| Q4 25 | -13.8% | 3.1% | ||
| Q3 25 | -27.0% | -1.3% | ||
| Q2 25 | -24.5% | -2.8% | ||
| Q1 25 | -46.9% | — | ||
| Q4 24 | -61.1% | — | ||
| Q3 24 | -59.8% | — | ||
| Q2 24 | -89.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | -14.6% | 3.5% | ||
| Q3 25 | -27.6% | 0.6% | ||
| Q2 25 | -32.0% | -3.4% | ||
| Q1 25 | -48.9% | — | ||
| Q4 24 | -63.1% | — | ||
| Q3 24 | -61.7% | — | ||
| Q2 24 | -91.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | $-0.55 | $0.07 | ||
| Q3 25 | $-0.94 | $0.01 | ||
| Q2 25 | $-0.97 | $-0.07 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $305.1M | $106.4M |
| Total DebtLower is stronger | $70.0M | $3.4M |
| Stockholders' EquityBook value | — | $320.3M |
| Total Assets | $713.6M | $423.5M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $305.1M | — | ||
| Q4 25 | $322.9M | $106.4M | ||
| Q3 25 | $325.3M | $98.3M | ||
| Q2 25 | $303.0M | $90.9M | ||
| Q1 25 | $300.9M | — | ||
| Q4 24 | $315.4M | — | ||
| Q3 24 | $327.3M | — | ||
| Q2 24 | $315.7M | — |
| Q1 26 | $70.0M | — | ||
| Q4 25 | — | $3.4M | ||
| Q3 25 | — | $4.6M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $88.3M | $320.3M | ||
| Q3 25 | $73.7M | $298.0M | ||
| Q2 25 | $73.1M | $282.2M | ||
| Q1 25 | $53.2M | — | ||
| Q4 24 | $57.0M | — | ||
| Q3 24 | $92.9M | — | ||
| Q2 24 | $102.9M | — |
| Q1 26 | $713.6M | — | ||
| Q4 25 | $689.8M | $423.5M | ||
| Q3 25 | $669.3M | $408.6M | ||
| Q2 25 | $639.8M | $400.4M | ||
| Q1 25 | $596.7M | — | ||
| Q4 24 | $568.5M | — | ||
| Q3 24 | $561.5M | — | ||
| Q2 24 | $548.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $15.5M |
| Free Cash FlowOCF − Capex | — | $12.2M |
| FCF MarginFCF / Revenue | — | 10.1% |
| Capex IntensityCapex / Revenue | — | 2.7% |
| Cash ConversionOCF / Net Profit | — | 3.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-18.7M | $15.5M | ||
| Q3 25 | $1.0M | $14.8M | ||
| Q2 25 | $-32.4M | $14.8M | ||
| Q1 25 | $-43.4M | — | ||
| Q4 24 | $-26.2M | — | ||
| Q3 24 | $-18.6M | — | ||
| Q2 24 | $-30.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-18.7M | $12.2M | ||
| Q3 25 | $988.0K | $13.1M | ||
| Q2 25 | $-32.4M | $11.3M | ||
| Q1 25 | $-43.7M | — | ||
| Q4 24 | $-26.2M | — | ||
| Q3 24 | $-18.7M | — | ||
| Q2 24 | $-30.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | -9.6% | 10.1% | ||
| Q3 25 | 0.6% | 11.1% | ||
| Q2 25 | -21.6% | 9.8% | ||
| Q1 25 | -36.0% | — | ||
| Q4 24 | -22.1% | — | ||
| Q3 24 | -17.9% | — | ||
| Q2 24 | -34.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 2.7% | ||
| Q3 25 | 0.0% | 1.5% | ||
| Q2 25 | 0.0% | 3.0% | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.62× | ||
| Q3 25 | — | 22.68× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXSM
| Product sales, net | $189.4M | 99% |
| Royalty revenue and milestone revenue | $1.8M | 1% |
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
