Axsome Therapeutics advertising spend, FY2025
Axsome Therapeutics (AXSM) reported $167M of advertising expense for the fiscal year ended Dec 31, 2025. That is 26.2% of revenue of $638M. Up 65.1% from FY2024.
Key facts
- Ad spend is 4.7x its FY2022 level ($35.3M), slower than revenue (13x).
- FY2025 is the highest year on file, going back to FY2022.
- Largest increase +184.1% in FY2023.
- Ad spend has risen 3 years in a row.
- Axsome Therapeutics spends more on advertising than 27% of the 336 US-listed companies tracked. Its ad-to-revenue ratio is 5.0x the median of 5.2%.
Ad spend by fiscal year
Ad spend as % of revenue
History
Download CSV| Fiscal year | Period end | Ad spend | YoY | Revenue | Ad / revenue | Tag | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | $167M | +65.1% | $638M | 26.2% | AdvertisingExpense | 10-K Feb 23, 2026 |
| FY2024 | Dec 31, 2024 | $101M | +0.9% | $386M | 26.2% | AdvertisingExpense | 10-K Feb 23, 2026 |
| FY2023 | Dec 31, 2023 | $100M | +184.1% | $271M | 37.1% | AdvertisingExpense | 10-K Feb 23, 2026 |
| FY2022 | Dec 31, 2022 | $35.3M | n/a | $50M | 70.5% | AdvertisingExpense | 10-K Feb 18, 2025 |
What the figure is
Advertising costs as disclosed in the annual report (XBRL tag AdvertisingExpense).
Compared with similar spenders
The 6 companies closest to Axsome Therapeutics in latest-year ad spend.
| Rank | Company | Ad spend | Ad / revenue | YoY | Fiscal year |
|---|---|---|---|---|---|
| 241 | $169M | 4.0% | +4.5% | FY2025 | |
| 242 | Melco Resorts & Entertainment | $168M | 3.3% | +1.7% | FY2025 |
| 243 | Papa John's | $168M | 8.2% | +2.0% | FY2025 |
| 244 | Axsome Therapeutics | $167M | 26.2% | +65.1% | FY2025 |
| 245 | Groupon | $166M | 33.3% | +15.0% | FY2025 |
| 246 | Zillow Group | $165M | 6.4% | -5.7% | FY2025 |
| 247 | Rush Street Interactive | $165M | 14.5% | +3.8% | FY2025 |
Full ranking of 336 companies · Biggest increases #14 · Highest ad-to-revenue #21
Questions
How much does Axsome Therapeutics spend on advertising?
Axsome Therapeutics spent $167M on advertising in fiscal 2025, the year ended Dec 31, 2025, according to its 10-K filed Feb 23, 2026.
What percentage of revenue does Axsome Therapeutics spend on advertising?
26.2% of revenue in fiscal 2025 ($167M of $638M). The median across the 336 companies tracked is 5.2%.
Is Axsome Therapeutics spending more on advertising?
Yes. Ad spend rose 65.1% in fiscal 2025 from fiscal 2024. It has risen 3 years in a row.
How does Axsome Therapeutics rank by advertising spend?
#244 of 336 US-listed companies with $100M or more in ad spend, ranked on each company's latest fiscal year.
What does Axsome Therapeutics's advertising figure include?
Advertising costs as disclosed in the annual report (XBRL tag AdvertisingExpense).
Source
- Filing
- 10-K for FY2025, filed Feb 23, 2026
- Accession number
0001193125-26-064267- Company
- Axsome Therapeutics, Inc., CIK 1579428, SIC 2834 (Pharmaceutical Preparations)
- Data
- SEC EDGAR XBRL company facts, retrieved Nov 4, 2026. Methodology.
- Cite
- Axsome Therapeutics advertising spend, FY2022-FY2025. Aleksei Trudov, io.trudov.com, from SEC EDGAR XBRL company facts (latest: 10-K filed Feb 23, 2026), retrieved Nov 4, 2026. https://io.trudov.com/company/axsome-therapeutics/advertising-spend/
- Download
- CSV, all years · CSV, all 336 companies