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

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($191.2M vs $97.9M, roughly 2.0× Safehold Inc.). On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (57.4% vs 6.5%). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (48.1% CAGR vs 2.5%).

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.

SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.

AXSM vs SAFE — Head-to-Head

Bigger by revenue
AXSM
AXSM
2.0× larger
AXSM
$191.2M
$97.9M
SAFE
Growing faster (revenue YoY)
AXSM
AXSM
+50.9% gap
AXSM
57.4%
6.5%
SAFE
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
48.1%
2.5%
SAFE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXSM
AXSM
SAFE
SAFE
Revenue
$191.2M
$97.9M
Net Profit
$27.9M
Gross Margin
98.6%
Operating Margin
-33.1%
27.4%
Net Margin
28.5%
Revenue YoY
57.4%
6.5%
Net Profit YoY
7.1%
EPS (diluted)
$0.38

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
SAFE
SAFE
Q1 26
$191.2M
Q4 25
$196.0M
$97.9M
Q3 25
$171.0M
$96.2M
Q2 25
$150.0M
$93.8M
Q1 25
$121.5M
$97.7M
Q4 24
$118.8M
$91.9M
Q3 24
$104.8M
$90.7M
Q2 24
$87.2M
$89.9M
Net Profit
AXSM
AXSM
SAFE
SAFE
Q1 26
Q4 25
$-28.6M
$27.9M
Q3 25
$-47.2M
$29.3M
Q2 25
$-48.0M
$27.9M
Q1 25
$-59.4M
$29.4M
Q4 24
$-74.9M
$26.0M
Q3 24
$-64.6M
$19.3M
Q2 24
$-79.3M
$29.7M
Gross Margin
AXSM
AXSM
SAFE
SAFE
Q1 26
Q4 25
98.6%
Q3 25
98.5%
Q2 25
99.1%
Q1 25
98.8%
Q4 24
98.8%
Q3 24
98.8%
Q2 24
98.8%
Operating Margin
AXSM
AXSM
SAFE
SAFE
Q1 26
-33.1%
Q4 25
-13.8%
27.4%
Q3 25
-27.0%
25.9%
Q2 25
-24.5%
25.5%
Q1 25
-46.9%
25.9%
Q4 24
-61.1%
24.6%
Q3 24
-59.8%
17.5%
Q2 24
-89.5%
26.7%
Net Margin
AXSM
AXSM
SAFE
SAFE
Q1 26
Q4 25
-14.6%
28.5%
Q3 25
-27.6%
30.5%
Q2 25
-32.0%
29.8%
Q1 25
-48.9%
30.1%
Q4 24
-63.1%
28.3%
Q3 24
-61.7%
21.3%
Q2 24
-91.0%
33.0%
EPS (diluted)
AXSM
AXSM
SAFE
SAFE
Q1 26
Q4 25
$-0.55
$0.38
Q3 25
$-0.94
$0.41
Q2 25
$-0.97
$0.39
Q1 25
$-1.22
$0.41
Q4 24
$-1.54
$0.36
Q3 24
$-1.34
$0.27
Q2 24
$-1.67
$0.42

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$305.1M
$21.7M
Total DebtLower is stronger
$70.0M
$4.6B
Stockholders' EquityBook value
$2.4B
Total Assets
$713.6M
$7.2B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
SAFE
SAFE
Q1 26
$305.1M
Q4 25
$322.9M
$21.7M
Q3 25
$325.3M
$12.1M
Q2 25
$303.0M
$13.9M
Q1 25
$300.9M
$17.3M
Q4 24
$315.4M
$8.3M
Q3 24
$327.3M
$15.6M
Q2 24
$315.7M
$13.4M
Total Debt
AXSM
AXSM
SAFE
SAFE
Q1 26
$70.0M
Q4 25
$4.6B
Q3 25
$4.5B
Q2 25
$4.4B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.2B
Stockholders' Equity
AXSM
AXSM
SAFE
SAFE
Q1 26
Q4 25
$88.3M
$2.4B
Q3 25
$73.7M
$2.4B
Q2 25
$73.1M
$2.4B
Q1 25
$53.2M
$2.4B
Q4 24
$57.0M
$2.3B
Q3 24
$92.9M
$2.3B
Q2 24
$102.9M
$2.3B
Total Assets
AXSM
AXSM
SAFE
SAFE
Q1 26
$713.6M
Q4 25
$689.8M
$7.2B
Q3 25
$669.3M
$7.1B
Q2 25
$639.8M
$7.1B
Q1 25
$596.7M
$6.9B
Q4 24
$568.5M
$6.9B
Q3 24
$561.5M
$6.8B
Q2 24
$548.2M
$6.8B
Debt / Equity
AXSM
AXSM
SAFE
SAFE
Q1 26
Q4 25
1.90×
Q3 25
1.89×
Q2 25
1.87×
Q1 25
1.85×
Q4 24
1.84×
Q3 24
1.88×
Q2 24
1.81×

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
SAFE
SAFE
Operating Cash FlowLast quarter
$47.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
SAFE
SAFE
Q1 26
Q4 25
$-18.7M
$47.8M
Q3 25
$1.0M
$-1.4M
Q2 25
$-32.4M
$28.0M
Q1 25
$-43.4M
$8.9M
Q4 24
$-26.2M
$37.9M
Q3 24
$-18.6M
$8.3M
Q2 24
$-30.1M
$24.8M
Free Cash Flow
AXSM
AXSM
SAFE
SAFE
Q1 26
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
FCF Margin
AXSM
AXSM
SAFE
SAFE
Q1 26
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%
Capex Intensity
AXSM
AXSM
SAFE
SAFE
Q1 26
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%
Cash Conversion
AXSM
AXSM
SAFE
SAFE
Q1 26
Q4 25
1.72×
Q3 25
-0.05×
Q2 25
1.00×
Q1 25
0.30×
Q4 24
1.45×
Q3 24
0.43×
Q2 24
0.83×

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%

SAFE
SAFE

Equity Method Investment Nonconsolidated Investee Or Group Of Investees$60.3M62%
Other$33.7M34%
Stabilized Properties$3.8M4%

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