Axon Enterprise, Inc.
AXON- Exchange
- Nasdaq
- Industry
- Ordnance & Accessories, (No Vehicles/Guided Missiles)
- SEC CIK
- 0001069183
In the last 90 days, Axon Enterprise, Inc. insiders filed 0 open-market purchases and 4 sales; 1,137 institutions reported holding it in 13F filings for Q2 2026, worth $40.4B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:39 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net income for FY2025: $124.7M (4.5% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K/A | 10-K | 10-K | 10-K |
| Reported | Feb 24, 2026 | Feb 25, 2025 | Feb 27, 2024 | Feb 28, 2023 | Feb 24, 2022 |
| Revenue | $2.78B | $2.08B | $1.56B | $1.19B | $863.4M |
| Cost of revenue | $1.12B | $841.1M | $608.0M | $461.3M | $322.5M |
| Gross profit | $1.66B | $1.24B | $955.4M | $728.6M | $540.9M |
| Operating expenses | $1.72B | $1.18B | $800.6M | $635.4M | $709.0M |
| Research and development | $684.3M | $441.6M | $303.7M | $233.8M | $194.0M |
| Selling, general and administrative | $1.04B | $741.2M | $496.9M | $401.6M | $515.0M |
| Operating income | -$62.1M | $58.5M | $154.8M | $93.3M | -$168.1M |
| Income tax | -$105.7M | $4.47M | -$19.2M | $49.4M | -$81.4M |
| Net income | $124.7M | $377.0M | $174.2M | $147.1M | -$60.0M |
| EPS, basic | $1.60 | $4.98 | $2.35 | $2.07 | $-0.91 |
| EPS, diluted | $1.51 | $4.80 | $2.31 | $2.03 | $-0.91 |
| Weighted shares, basic | 78.1M | 75.7M | 74.2M | 71.1M | 66.2M |
| Weighted shares, diluted | 82.4M | 78.6M | 75.5M | 72.5M | 66.2M |
| Margins and growth | |||||
| Gross margin | 59.7% | 59.6% | 61.1% | 61.2% | 62.7% |
| Operating margin | -2.2% | 2.8% | 9.9% | 7.8% | -19.5% |
| Net margin | 4.5% | 18.1% | 11.1% | 12.4% | -7.0% |
| Revenue growth, year over year | +33.5% | +33.2% | +31.4% | +37.8% | +26.8% |
| Net income growth, year over year | −66.9% | +116.4% | +18.4% | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K/A | 10-K | 10-K | 10-K |
| Reported | Feb 24, 2026 | Feb 25, 2025 | Feb 27, 2024 | Feb 28, 2023 | Feb 24, 2022 |
| Cash and equivalents | $1.20B | $454.8M | $598.5M | $353.7M | $356.3M |
| Short-term investments | $505.4M | $333.2M | $644.1M | $581.8M | $14.5M |
| Inventory | $341.8M | $265.3M | $269.9M | $202.5M | $108.7M |
| Total current assets | $3.71B | $2.30B | $2.40B | $1.81B | $1.11B |
| Property, plant and equipment | $331.0M | $247.3M | $200.5M | $169.8M | $138.5M |
| Goodwill | $1.37B | $756.8M | $57.9M | $45.0M | $43.6M |
| Intangible assets | $197.0M | $175.2M | $19.5M | $12.2M | $15.5M |
| Total assets | $7.00B | $4.47B | $3.44B | $2.85B | $1.69B |
| Accounts payable | $139.1M | $72.0M | $88.3M | $59.9M | $32.2M |
| Short-term debt | $80.6M | $680.3M | – | – | – |
| Total current liabilities | $1.47B | $1.68B | $800.0M | $602.6M | $418.5M |
| Long-term debt | $1.73B | $0 | – | – | – |
| Total liabilities | $3.76B | $2.15B | $1.82B | $1.58B | $640.4M |
| Shareholders' equity | $3.24B | $2.33B | $1.61B | $1.27B | $1.05B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K/A | 10-K | 10-K | 10-K |
| Reported | Feb 24, 2026 | Feb 25, 2025 | Feb 27, 2024 | Feb 28, 2023 | Feb 24, 2022 |
| Operating cash flow | $211.3M | $408.3M | $189.3M | $235.4M | $124.5M |
| Capital expenditures | $136.3M | $78.8M | $59.6M | $55.8M | $49.9M |
| Free cash flow | $75.1M | $329.5M | $129.6M | $179.6M | $74.6M |
| Depreciation and amortization | $83.2M | $48.4M | $32.6M | $24.4M | $18.7M |
| Stock-based compensation | $634.2M | $382.6M | $131.4M | $106.2M | $303.3M |
| Investing cash flow | -$724.9M | -$490.6M | $12.5M | -$831.0M | $252.6M |
| Financing cash flow | $1.25B | -$45.4M | $41.3M | $598.1M | -$174.2M |
| Net change in cash | $746.6M | -$133.9M | $245.1M | -$886.0K | $200.9M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 22.8% | 18.4% | 8.4% | 8.9% | 35.1% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 30, 2026 | 81.4M | +3.2% | SEC |
| Jul 31, 2026 | 81.2M | +3.5% | SEC |
| Apr 30, 2026 | 80.6M | +3.5% | SEC |
| Feb 18, 2026 | 80.4M | +4.9% | SEC |
| Oct 31, 2025 | 78.9M | +3.5% | SEC |
| Jul 31, 2025 | 78.5M | +3.9% | SEC |
| May 1, 2025 | 77.9M | +3.2% | SEC |
| Feb 24, 2025 | 76.6M | +1.8% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.