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AXSM Positive Sentiment Score: 85/100

Axsome Therapeutics Provides Preliminary Fourth Quarter and Full Year 2025 Net Product Revenue Total preliminary 4Q and full year 2025 net product revenue of $196.0 million and $638.5 million, respectively, representing

Key Takeaway: Axsome Therapeutics has released preliminary estimates for its fourth quarter and full year 2025 net product revenues, predicting totals of $196 million and $638.5 million, respectively, marking approximately 65% and 66% growth year-over-year. Significant contributions to these revenues are expected from AUVELITY, SUNOSI, and SYMBRAVO, with AUVELITY alone projected to generate $155.1 million in Q4. While these figures present an optimistic outlook, they are based on unaudited information and subject to revision upon completion of the financial closing procedures.

Market Sentiment Analysis

POSITIVE FACTORS

  • Total preliminary 4Q revenue is expected to grow by 65% compared to last year.
  • Full year 2025 net product revenue is projected to reach $638.5 million, indicating significant growth.
  • AUVELITY's sales figures are notable, with $155.1 million for Q4 2025.
  • The overall growth trends suggest strong market acceptance for the company's products.

Full Press Release Details

Axsome Therapeutics Provides Preliminary Fourth Quarter and Full Year 2025 Net Product Revenue
Total preliminary 4Q and full year 2025 net product revenue of $196.0 million and $638.5 million, respectively, representing 65% and 66% annual growth, respectively
AUVELITY preliminary 4Q and full year 2025 net product sales of $155.1 million and $507.1 million, respectively
SUNOSI preliminary 4Q and full year 2025 net product revenue of $36.7 million and $124.8 million, respectively
SYMBRAVO preliminary 4Q and full year 2025 net product sales of $4.1 million and $6.6 million, respectively
NEW YORK, Jan. 12, 2026 (Globe Newswire) Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced preliminary fourth quarter and full year 2025 net product revenues for AUVELITY, SUNOSI, and SYMBRAVO.
Preliminary Fourth Quarter and Full Year 2025 Net Product Revenue (Unaudited)
Based on preliminary unaudited financial information, Axsome expects total product revenue to be approximately $196.0 million for the fourth quarter, representing 65% annual growth compared to the fourth quarter 2024, and approximately $638.5 million for the full year 2025, representing 66% annual growth compared to the full year 2024.
-AUVELITY net product sales are expected to be approximately $155.1 million and $507.1 million for the fourth quarter and full year 2025, respectively.
-SUNOSI net product revenue is expected to be approximately $36.7 million and $124.8 million for the fourth quarter and full year 2025, respectively.
-SYMBRAVO net product sales are expected to be approximately $4.1 million and $6.6 million for the fourth quarter and full year 2025, respectively, following its commercial launch in June 2025.
The foregoing information reflects the Company's estimates with respect to net product revenues for AUVELITY, SUNOSI, and SYMBRAVO based on currently available unaudited information. This announcement is not a comprehensive statement of Axsome's financial results and is subject to completion of Axsome's financial closing procedures. Axsome's final financial results will be issued upon completion of its closing procedures and may vary from these preliminary estimates.
About Axsome Therapeutics
Forward Looking Statements
Certain matters discussed in this press release are forward-looking statements . The Company may, in some cases, use terms such as predicts, believes, potential, continue, estimates, anticipates, expects, plans, intends, may, could, might, will, should or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. In particular, the Company's statements regarding trends and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the commercial success of the Company's SUNOSI , AUVELITY , and SYMBRAVO products and the success of the Company's efforts to obtain any additional indication(s) with respect to solriamfetol and/or AXS-05; the Company's ability to maintain and expand payer coverage; the success, timing and cost of the Company's ongoing clinical trials and anticipated clinical trials for the Company's current product candidates, including statements regarding the timing of initiation, pace of enrollment and completion of the trials (including the Company's ability to fully fund the Company's disclosed clinical trials, which assumes no material changes to the Company's currently projected revenues or expenses), futility analyses and receipt of interim results, which are not necessarily indicative of the final results of the Company's ongoing clinical trials, and/or data readouts, and the number or type of studies or nature of results necessary to support the filing of a new drug application ( NDA ) for any of the Company's current product candidates; the Company's ability to fund additional clinical trials to continue the advancement of the Company's product candidates; the timing of and the Company's ability to obtain and maintain U.S. Food and Drug Administration ( FDA ) or other regulatory authority approval of, or other action with respect to, the Company's product candidates, including statements regarding the timing of any NDA submission; the Company's ability to successfully defend its intellectual property or obtain the necessary licenses at a cost acceptable to the Company, if at all; the Company's ability to successfully resolve any intellectual property litigation, and even if such disputes are settled, whether the applicable federal agencies will approve of such settlements; the successful implementation of the Company's research and development programs and collaborations; the success of the Company's license agreements; the acceptance by the market of the Company's products and product candidates, if approved; the Company's anticipated capital requirements, including the amount of capital required for the commercialization of SUNOSI, AUVELITY, and SYMBRAVO and for the Company's commercial launch of its other product candidates, if approved, and the potential impact on the Company's anticipated cash runway; the Company's ability to convert sales to recognized revenue and maintain a favorable gross to net sales; unforeseen circumstances or other disruptions to normal business operations arising from or related to domestic political climate, geo-political conflicts or a global pandemic and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Director, Investor Relations
Senior Director, Corporate Communications

Frequently Asked Questions

What is Axsome's preliminary net product revenue for Q4 2025?

Axsome's preliminary net product revenue for Q4 2025 is approximately $196.0 million.

How much did AUVELITY generate in net sales for 2025?

AUVELITY's preliminary net product sales for 2025 are expected to be around $507.1 million.

What are SUNOSI's projected sales for Q4 2025?

SUNOSI's preliminary net product revenue for Q4 2025 is anticipated to be about $36.7 million.

What is the expected revenue growth for Axsome in 2025?

Axsome expects a 66% growth in net product revenue for the full year 2025.

When was SYMBRAVO launched commercially?

SYMBRAVO was commercially launched in June 2025.

Last updated: Jan 12, 2026