AXSM: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	638m	386m
Cost of revenue	47m	33m
Research and development	183m	187m
Selling, general and administrative	571m	411m
Operating expenses	805m	666m
Operating income	−167m	−281m
Pre-tax income	−184m	−287m
Income tax	−530,000	85,000
Net income	−183m	−287m
Earnings per share	−3.68	−5.99
Earnings per share, diluted	−3.68	−5.99
Weighted average shares	50m	48m
Weighted average shares, diluted	50m	48m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	305m	323m	325m	303m	301m	315m	327m	316m
Receivables	251m	224m	197m	199m	161m	142m	124m	120m
Inventory	32m	28m	24m	18m	16m	16m	14m	15m
Current assets	611m	589m	565m	537m	495m	485m	479m	463m
Property, plant and equipment	567,000	562,000	605,000	667,000	773,000	584,000	683,000	724,000
Goodwill	12m	12m	12m	12m	12m	12m	12m	12m
Total assets	714m	690m	669m	640m	597m	568m	561m	548m
Current liabilities	439m	379m	360m	342m	244m	230m	196m	187m
Short-term debt	70m	70m	70m	70m	—	0	—	—
Long-term debt	118m	118m	118m	118m	181m	181m	180m	179m
Total liabilities	659m	602m	596m	567m	543m	511m	469m	445m
Equity	55m	88m	74m	73m	53m	57m	93m	103m
Shares outstanding	51m	51m	50m	50m	49m	49m	48m	48m
Shares issued	51m	51m	50m	50m	49m	49m	48m	48m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	−93m	−128m
Depreciation and amortisation	503,000	532,000
Share-based compensation	94m	85m
Capital expenditure	480,000	270,000
Investing cash flow	−480,000	−270,000
Financing cash flow	101m	58m