Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of the reportable segment and includes the reconciliation to consolidated net loss

The following table provides information about the Company’s one reportable segment and includes the reconciliation to consolidated net loss.

	Three months ended June 30,						Six months ended June 30,
	2025			2024			2025			2024
Total revenues	$	150,042		$	87,166		$	271,505		$	162,165
Less:
Cost of revenue (excluding amortization and depreciation)		13,448			8,055			23,237			14,352
Research and development expense (excluding share-based compensation expense):
Solriamfetol		10,770			15,633			22,576			24,197
AXS-05		14,564			15,763			29,041			29,288
AXS-07		6,075			3,973			10,554			6,945
AXS-12		1,737			3,078			4,146			5,124
AXS-14		6,225			3,761			7,411			6,370
Other research and development(a)		3,229			2,573			7,198			5,119
General and administrative expense (excluding share-based compensation expense)		13,234			12,688			24,884			24,840
Selling and marketing expense (excluding share-based compensation expense)		99,376			74,556			191,664			145,752
Share based compensation expense		24,611			21,382			47,919			41,572
Loss (Gain) in fair value of contingent consideration		(8,102	)		2,160			(6,590	)		748
Interest expense, net(b)		1,834			1,299			4,265			2,381
Other segment items(c)		11,014			1,590			12,586			3,179
Segment net loss		(47,973	)		(79,345	)		(107,386	)		(147,702	)
Reconciliation of net loss
Adjustments and reconciling items		—			—			—			—
Consolidated net loss		(47,973	)		(79,345	)		(107,386	)		(147,702	)

(a)Other research and development expenses primarily consist of facilities charges, third party consultant costs, costs related to other product candidates, and other unallocated costs.

(b)Interest expense, net of $1,834 for the three months ended June 30, 2025 comprises (i) consolidated interest expense of $4,086 and (ii) consolidated interest income of $2,252. Interest expense, net of $4,265 for the six months ended June 30, 2025 comprises (i) consolidated interest expense of $9,344 and (ii) consolidated interest income of $5,079. Interest expense, net of $1,299 for the three months ended June 30, 2024 comprises (i) consolidated interest expense of $5,079 and (ii) consolidated interest income of $3,780. Interest expense, net of $2,381 for the six months ended June 30, 2024 comprises (i) consolidated interest expense of $10,485 and (ii) consolidated interest income of $8,104.

(c)Other segment items included in Segment net loss include intangible asset amortization, loss on debt extinguishment, and other miscellaneous items.