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

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($191.2M vs $152.4M, roughly 1.3× XBP Global Holdings, Inc.). On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (57.4% vs -34.7%).

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.

AXSM vs XBP — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.3× larger
AXSM
$191.2M
$152.4M
XBP
Growing faster (revenue YoY)
AXSM
AXSM
+92.1% gap
AXSM
57.4%
-34.7%
XBP

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
AXSM
AXSM
XBP
XBP
Revenue
$191.2M
$152.4M
Net Profit
$-305.8M
Gross Margin
21.7%
Operating Margin
-33.1%
-191.7%
Net Margin
-200.7%
Revenue YoY
57.4%
-34.7%
Net Profit YoY
-980.1%
EPS (diluted)
$-2.60

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
XBP
XBP
Q1 26
$191.2M
Q4 25
$196.0M
Q3 25
$171.0M
$152.4M
Q2 25
$150.0M
Q1 25
$121.5M
Q4 24
$118.8M
Q3 24
$104.8M
$233.4M
Q2 24
$87.2M
Net Profit
AXSM
AXSM
XBP
XBP
Q1 26
Q4 25
$-28.6M
Q3 25
$-47.2M
$-305.8M
Q2 25
$-48.0M
Q1 25
$-59.4M
Q4 24
$-74.9M
Q3 24
$-64.6M
$-28.3M
Q2 24
$-79.3M
Gross Margin
AXSM
AXSM
XBP
XBP
Q1 26
Q4 25
Q3 25
21.7%
Q2 25
Q1 25
Q4 24
Q3 24
18.9%
Q2 24
Operating Margin
AXSM
AXSM
XBP
XBP
Q1 26
-33.1%
Q4 25
-13.8%
Q3 25
-27.0%
-191.7%
Q2 25
-24.5%
Q1 25
-46.9%
Q4 24
-61.1%
Q3 24
-59.8%
0.9%
Q2 24
-89.5%
Net Margin
AXSM
AXSM
XBP
XBP
Q1 26
Q4 25
-14.6%
Q3 25
-27.6%
-200.7%
Q2 25
-32.0%
Q1 25
-48.9%
Q4 24
-63.1%
Q3 24
-61.7%
-12.1%
Q2 24
-91.0%
EPS (diluted)
AXSM
AXSM
XBP
XBP
Q1 26
Q4 25
$-0.55
Q3 25
$-0.94
$-2.60
Q2 25
$-0.97
Q1 25
$-1.22
Q4 24
$-1.54
Q3 24
$-1.34
$-0.09
Q2 24
$-1.67

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
XBP
XBP
Cash + ST InvestmentsLiquidity on hand
$305.1M
$34.5M
Total DebtLower is stronger
$70.0M
$381.5M
Stockholders' EquityBook value
$130.5M
Total Assets
$713.6M
$947.9M
Debt / EquityLower = less leverage
2.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
XBP
XBP
Q1 26
$305.1M
Q4 25
$322.9M
Q3 25
$325.3M
$34.5M
Q2 25
$303.0M
Q1 25
$300.9M
Q4 24
$315.4M
Q3 24
$327.3M
$7.8M
Q2 24
$315.7M
Total Debt
AXSM
AXSM
XBP
XBP
Q1 26
$70.0M
Q4 25
Q3 25
$381.5M
Q2 25
Q1 25
Q4 24
Q3 24
$31.5M
Q2 24
Stockholders' Equity
AXSM
AXSM
XBP
XBP
Q1 26
Q4 25
$88.3M
Q3 25
$73.7M
$130.5M
Q2 25
$73.1M
Q1 25
$53.2M
Q4 24
$57.0M
Q3 24
$92.9M
$-1.3B
Q2 24
$102.9M
Total Assets
AXSM
AXSM
XBP
XBP
Q1 26
$713.6M
Q4 25
$689.8M
Q3 25
$669.3M
$947.9M
Q2 25
$639.8M
Q1 25
$596.7M
Q4 24
$568.5M
Q3 24
$561.5M
$99.6M
Q2 24
$548.2M
Debt / Equity
AXSM
AXSM
XBP
XBP
Q1 26
Q4 25
Q3 25
2.92×
Q2 25
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
AXSM
AXSM
XBP
XBP
Operating Cash FlowLast quarter
$13.9M
Free Cash FlowOCF − Capex
$10.5M
FCF MarginFCF / Revenue
6.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
XBP
XBP
Q1 26
Q4 25
$-18.7M
Q3 25
$1.0M
$13.9M
Q2 25
$-32.4M
Q1 25
$-43.4M
Q4 24
$-26.2M
Q3 24
$-18.6M
$-1.5M
Q2 24
$-30.1M
Free Cash Flow
AXSM
AXSM
XBP
XBP
Q1 26
Q4 25
$-18.7M
Q3 25
$988.0K
$10.5M
Q2 25
$-32.4M
Q1 25
$-43.7M
Q4 24
$-26.2M
Q3 24
$-18.7M
$-6.1M
Q2 24
$-30.2M
FCF Margin
AXSM
AXSM
XBP
XBP
Q1 26
Q4 25
-9.6%
Q3 25
0.6%
6.9%
Q2 25
-21.6%
Q1 25
-36.0%
Q4 24
-22.1%
Q3 24
-17.9%
-2.6%
Q2 24
-34.6%
Capex Intensity
AXSM
AXSM
XBP
XBP
Q1 26
Q4 25
0.0%
Q3 25
0.0%
2.2%
Q2 25
0.0%
Q1 25
0.3%
Q4 24
0.0%
Q3 24
0.1%
2.0%
Q2 24
0.1%

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%

XBP
XBP

Related And Non Related Party$136.5M90%
Technology$8.2M5%
Other$5.7M4%
Deferred Revenue As Of July312025$1.9M1%

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