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

PROASSURANCE CORP is the larger business by last-quarter revenue ($269.6M vs $196.0M, roughly 1.4× Axsome Therapeutics, Inc.). PROASSURANCE CORP runs the higher net margin — 12.4% vs -14.6%, a 26.9% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs -7.1%). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs -2.7%).

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.

ProAssurance Corporation, headquartered in Birmingham, Alabama, is a property and casualty company that sells professional liability insurance to doctors. The company was founded in 1976 as Mutual Assurance and was later renamed to Medical Assurance in 1997. The name "ProAssurance" was created in 2001 when Medical Assurance merged with Professionals Group. The company is currently the fourth largest medical professional liability insurance writer and has over $6 billion in assets.

AXSM vs PRA — Head-to-Head

Bigger by revenue
PRA
PRA
1.4× larger
PRA
$269.6M
$196.0M
AXSM
Growing faster (revenue YoY)
AXSM
AXSM
+72.1% gap
AXSM
65.0%
-7.1%
PRA
Higher net margin
PRA
PRA
26.9% more per $
PRA
12.4%
-14.6%
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
-2.7%
PRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXSM
AXSM
PRA
PRA
Revenue
$196.0M
$269.6M
Net Profit
$-28.6M
$33.4M
Gross Margin
Operating Margin
-13.8%
17.3%
Net Margin
-14.6%
12.4%
Revenue YoY
65.0%
-7.1%
Net Profit YoY
61.9%
106.4%
EPS (diluted)
$-0.55
$0.65

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
PRA
PRA
Q4 25
$196.0M
$269.6M
Q3 25
$171.0M
$279.6M
Q2 25
$150.0M
$276.8M
Q1 25
$121.5M
$272.1M
Q4 24
$118.8M
$290.1M
Q3 24
$104.8M
$285.3M
Q2 24
$87.2M
$290.4M
Q1 24
$75.0M
$284.7M
Net Profit
AXSM
AXSM
PRA
PRA
Q4 25
$-28.6M
$33.4M
Q3 25
$-47.2M
$1.4M
Q2 25
$-48.0M
$21.9M
Q1 25
$-59.4M
$-5.8M
Q4 24
$-74.9M
$16.2M
Q3 24
$-64.6M
$16.4M
Q2 24
$-79.3M
$15.5M
Q1 24
$-68.4M
$4.6M
Operating Margin
AXSM
AXSM
PRA
PRA
Q4 25
-13.8%
17.3%
Q3 25
-27.0%
1.6%
Q2 25
-24.5%
9.9%
Q1 25
-46.9%
-2.3%
Q4 24
-61.1%
6.5%
Q3 24
-59.8%
7.4%
Q2 24
-89.5%
6.2%
Q1 24
-89.7%
1.9%
Net Margin
AXSM
AXSM
PRA
PRA
Q4 25
-14.6%
12.4%
Q3 25
-27.6%
0.5%
Q2 25
-32.0%
7.9%
Q1 25
-48.9%
-2.1%
Q4 24
-63.1%
5.6%
Q3 24
-61.7%
5.8%
Q2 24
-91.0%
5.3%
Q1 24
-91.1%
1.6%
EPS (diluted)
AXSM
AXSM
PRA
PRA
Q4 25
$-0.55
$0.65
Q3 25
$-0.94
$0.03
Q2 25
$-0.97
$0.42
Q1 25
$-1.22
$-0.11
Q4 24
$-1.54
$0.32
Q3 24
$-1.34
$0.32
Q2 24
$-1.67
$0.30
Q1 24
$-1.44
$0.09

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
PRA
PRA
Cash + ST InvestmentsLiquidity on hand
$322.9M
$36.5M
Total DebtLower is stronger
$420.4M
Stockholders' EquityBook value
$88.3M
$1.3B
Total Assets
$689.8M
$5.4B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
PRA
PRA
Q4 25
$322.9M
$36.5M
Q3 25
$325.3M
$54.5M
Q2 25
$303.0M
$41.6M
Q1 25
$300.9M
$43.5M
Q4 24
$315.4M
$54.9M
Q3 24
$327.3M
$45.3M
Q2 24
$315.7M
$36.9M
Q1 24
$331.4M
$65.4M
Total Debt
AXSM
AXSM
PRA
PRA
Q4 25
$420.4M
Q3 25
$421.5M
Q2 25
$422.6M
Q1 25
$423.7M
Q4 24
$424.9M
Q3 24
$425.9M
Q2 24
$426.9M
Q1 24
$427.8M
Stockholders' Equity
AXSM
AXSM
PRA
PRA
Q4 25
$88.3M
$1.3B
Q3 25
$73.7M
$1.3B
Q2 25
$73.1M
$1.3B
Q1 25
$53.2M
$1.2B
Q4 24
$57.0M
$1.2B
Q3 24
$92.9M
$1.2B
Q2 24
$102.9M
$1.1B
Q1 24
$144.0M
$1.1B
Total Assets
AXSM
AXSM
PRA
PRA
Q4 25
$689.8M
$5.4B
Q3 25
$669.3M
$5.6B
Q2 25
$639.8M
$5.5B
Q1 25
$596.7M
$5.5B
Q4 24
$568.5M
$5.6B
Q3 24
$561.5M
$5.7B
Q2 24
$548.2M
$5.6B
Q1 24
$545.7M
$5.7B
Debt / Equity
AXSM
AXSM
PRA
PRA
Q4 25
0.31×
Q3 25
0.32×
Q2 25
0.33×
Q1 25
0.34×
Q4 24
0.35×
Q3 24
0.35×
Q2 24
0.38×
Q1 24
0.38×

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
PRA
PRA
Operating Cash FlowLast quarter
$-18.7M
$-25.6M
Free Cash FlowOCF − Capex
$-18.7M
FCF MarginFCF / Revenue
-9.6%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.77×
TTM Free Cash FlowTrailing 4 quarters
$-93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
PRA
PRA
Q4 25
$-18.7M
$-25.6M
Q3 25
$1.0M
$27.2M
Q2 25
$-32.4M
$-28.1M
Q1 25
$-43.4M
$-11.6M
Q4 24
$-26.2M
$-10.7M
Q3 24
$-18.6M
$14.0M
Q2 24
$-30.1M
$-12.8M
Q1 24
$-53.5M
$-11.6M
Free Cash Flow
AXSM
AXSM
PRA
PRA
Q4 25
$-18.7M
Q3 25
$988.0K
Q2 25
$-32.4M
Q1 25
$-43.7M
Q4 24
$-26.2M
Q3 24
$-18.7M
Q2 24
$-30.2M
Q1 24
$-53.6M
FCF Margin
AXSM
AXSM
PRA
PRA
Q4 25
-9.6%
Q3 25
0.6%
Q2 25
-21.6%
Q1 25
-36.0%
Q4 24
-22.1%
Q3 24
-17.9%
Q2 24
-34.6%
Q1 24
-71.4%
Capex Intensity
AXSM
AXSM
PRA
PRA
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.3%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
AXSM
AXSM
PRA
PRA
Q4 25
-0.77×
Q3 25
18.81×
Q2 25
-1.28×
Q1 25
Q4 24
-0.66×
Q3 24
0.85×
Q2 24
-0.83×
Q1 24
-2.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Segment breakdown not available.

PRA
PRA

Workers Compensation Insurance Segment$164.4M61%
Other$59.6M22%
Segregated Portfolio Cell Reinsurance$45.7M17%

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