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

Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $191.2M, roughly 1.1× Axsome Therapeutics, Inc.). On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (57.4% vs -2.9%). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (48.1% CAGR vs 46.5%).

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.

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.

AXSM vs PWP — Head-to-Head

Bigger by revenue
PWP
PWP
1.1× larger
PWP
$219.2M
$191.2M
AXSM
Growing faster (revenue YoY)
AXSM
AXSM
+60.3% gap
AXSM
57.4%
-2.9%
PWP
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
48.1%
46.5%
PWP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXSM
AXSM
PWP
PWP
Revenue
$191.2M
$219.2M
Net Profit
$13.8M
Gross Margin
Operating Margin
-33.1%
8.5%
Net Margin
6.3%
Revenue YoY
57.4%
-2.9%
Net Profit YoY
EPS (diluted)
$0.11

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
PWP
PWP
Q1 26
$191.2M
Q4 25
$196.0M
$219.2M
Q3 25
$171.0M
$164.6M
Q2 25
$150.0M
$155.3M
Q1 25
$121.5M
$211.8M
Q4 24
$118.8M
$225.7M
Q3 24
$104.8M
$278.2M
Q2 24
$87.2M
$272.0M
Net Profit
AXSM
AXSM
PWP
PWP
Q1 26
Q4 25
$-28.6M
$13.8M
Q3 25
$-47.2M
$6.0M
Q2 25
$-48.0M
$2.7M
Q1 25
$-59.4M
$17.3M
Q4 24
$-74.9M
Q3 24
$-64.6M
$16.4M
Q2 24
$-79.3M
$-66.0M
Operating Margin
AXSM
AXSM
PWP
PWP
Q1 26
-33.1%
Q4 25
-13.8%
8.5%
Q3 25
-27.0%
5.4%
Q2 25
-24.5%
5.8%
Q1 25
-46.9%
5.5%
Q4 24
-61.1%
Q3 24
-59.8%
12.9%
Q2 24
-89.5%
-30.2%
Net Margin
AXSM
AXSM
PWP
PWP
Q1 26
Q4 25
-14.6%
6.3%
Q3 25
-27.6%
3.6%
Q2 25
-32.0%
1.8%
Q1 25
-48.9%
8.2%
Q4 24
-63.1%
Q3 24
-61.7%
5.9%
Q2 24
-91.0%
-24.3%
EPS (diluted)
AXSM
AXSM
PWP
PWP
Q1 26
Q4 25
$-0.55
$0.11
Q3 25
$-0.94
$0.08
Q2 25
$-0.97
$0.04
Q1 25
$-1.22
$0.24
Q4 24
$-1.54
Q3 24
$-1.34
$0.24
Q2 24
$-1.67
$-1.21

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
PWP
PWP
Cash + ST InvestmentsLiquidity on hand
$305.1M
$255.9M
Total DebtLower is stronger
$70.0M
Stockholders' EquityBook value
$-127.4M
Total Assets
$713.6M
$797.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
PWP
PWP
Q1 26
$305.1M
Q4 25
$322.9M
$255.9M
Q3 25
$325.3M
$185.5M
Q2 25
$303.0M
$145.0M
Q1 25
$300.9M
$111.2M
Q4 24
$315.4M
$407.4M
Q3 24
$327.3M
$335.1M
Q2 24
$315.7M
$185.3M
Total Debt
AXSM
AXSM
PWP
PWP
Q1 26
$70.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
AXSM
AXSM
PWP
PWP
Q1 26
Q4 25
$88.3M
$-127.4M
Q3 25
$73.7M
$-302.4M
Q2 25
$73.1M
$-318.4M
Q1 25
$53.2M
$-323.1M
Q4 24
$57.0M
$-421.4M
Q3 24
$92.9M
$-360.8M
Q2 24
$102.9M
$-283.0M
Total Assets
AXSM
AXSM
PWP
PWP
Q1 26
$713.6M
Q4 25
$689.8M
$797.6M
Q3 25
$669.3M
$650.2M
Q2 25
$639.8M
$606.7M
Q1 25
$596.7M
$570.5M
Q4 24
$568.5M
$876.8M
Q3 24
$561.5M
$810.9M
Q2 24
$548.2M
$645.5M

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
PWP
PWP
Operating Cash FlowLast quarter
$34.8M
Free Cash FlowOCF − Capex
$30.5M
FCF MarginFCF / Revenue
13.9%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$-34.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
PWP
PWP
Q1 26
Q4 25
$-18.7M
$34.8M
Q3 25
$1.0M
$59.2M
Q2 25
$-32.4M
$56.1M
Q1 25
$-43.4M
$-176.5M
Q4 24
$-26.2M
$223.4M
Q3 24
$-18.6M
$200.3M
Q2 24
$-30.1M
$90.0M
Free Cash Flow
AXSM
AXSM
PWP
PWP
Q1 26
Q4 25
$-18.7M
$30.5M
Q3 25
$988.0K
$57.6M
Q2 25
$-32.4M
$55.3M
Q1 25
$-43.7M
$-177.6M
Q4 24
$-26.2M
$207.0M
Q3 24
$-18.7M
$199.3M
Q2 24
$-30.2M
$83.7M
FCF Margin
AXSM
AXSM
PWP
PWP
Q1 26
Q4 25
-9.6%
13.9%
Q3 25
0.6%
35.0%
Q2 25
-21.6%
35.6%
Q1 25
-36.0%
-83.8%
Q4 24
-22.1%
91.7%
Q3 24
-17.9%
71.6%
Q2 24
-34.6%
30.8%
Capex Intensity
AXSM
AXSM
PWP
PWP
Q1 26
Q4 25
0.0%
2.0%
Q3 25
0.0%
0.9%
Q2 25
0.0%
0.5%
Q1 25
0.3%
0.5%
Q4 24
0.0%
7.3%
Q3 24
0.1%
0.4%
Q2 24
0.1%
2.3%
Cash Conversion
AXSM
AXSM
PWP
PWP
Q1 26
Q4 25
2.52×
Q3 25
9.85×
Q2 25
20.50×
Q1 25
-10.18×
Q4 24
Q3 24
12.23×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Product sales, net$189.4M99%
Royalty revenue and milestone revenue$1.8M1%

PWP
PWP

Segment breakdown not available.

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