Axon Enterprise, Inc. (AXON) Financial Statements

Axon Enterprise, Inc.

AXON · NASDAQ-GS

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$2.78B	$2.08B	$1.56B	$1.19B	$865.64M	$681.00M	$530.86M	$420.07M
Cost of Revenue	$1.12B	$841.15M	$605.25M	$461.03M	$319.92M	$264.67M	$223.57M	$161.49M
Gross Profit	$1.66B	$1.24B	$955.45M	$726.11M	$545.72M	$416.33M	$307.29M	$258.58M
Research & Development	$684.31M	$441.59M	$303.72M	$233.81M	$194.03M	$123.19M	$100.72M	$76.86M
Selling, General & Administrative	$1.04B	$741.25M	$494.88M	$399.33M	$514.85M	$307.29M	$212.96M	$156.89M
Operating Expenses	$1.72B	$1.18B	$798.60M	$633.14M	$708.87M	$430.48M	$313.68M	$233.74M
Operating Income	-$62.08M	$58.54M	$156.85M	$92.97M	-$163.15M	-$14.15M	-$6.39M	$24.84M
Other Income / (Expense)	$99.86M	$286.37M	-$41.90M	$98.97M	$25.27M	—	—	—
Income Before Taxes	$18.97M	$381.50M	$157.06M	$196.24M	-$136.40M	-$6.29M	$2.07M	$28.10M
Provision for Income Taxes	-$105.68M	$4.47M	-$18.72M	$49.31M	-$80.06M	-$4.57M	$1.19M	-$1.10M
Net Income	$124.66M	$377.03M	$175.78M	$146.93M	-$56.34M	-$1.72M	$882.00K	$29.20M
Basic EPS	$1.60	$4.98	$2.37	$2.07	-$0.85	-$0.03	$0.01	$0.52
Diluted EPS	$1.51	$4.80	$2.33	$2.03	-$0.91	-$0.03	$0.01	$0.50
Basic Shares Outstanding	78.08M	75.75M	74.19M	71.09M	66.19M	61.78M	59.19M	56.39M
Diluted Shares Outstanding	82.37M	78.56M	75.46M	72.53M	66.19M	61.78M	60.02M	57.92M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$2.10	$0.47	$3.12	6	↑1 ↓1
Dec 2027	$4.59	$2.06	$6.49	7	↑1 ↓1
Dec 2028	$7.26	$6.21	$8.30	2	↑1 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: AXON
Type: Stock
Sector: Industrials
Industry: Ordnance And Accessories
Exchange: NASDAQ-GS

Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon's growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today's connected network of hardware - including cameras, drones, and robotics - cloud software, sensors, and AI-tools, the Axon Ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon's independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services.

Key Issues

Bullish view

Axon's cloud-based software services generate high recurring revenue, while its integrated hardware-and-software ecosystem supports continued adoption across public-safety customers.

Bearish view

The available evidence does not establish that software growth will offset any slowdown in devices or quantify the recurring-revenue contribution, leaving the durability of the growth mix unproven.

Analyst Consensus

See all

Buy

12 analysts

$415

Current

—

Low

$688

Average

—

High

Average target implies +65.61% versus the current price.

Earnings History

BeatMissNo estimate

Axon Enterprise, Inc.

Analyst Estimates

Peers