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	$1.63	$0.57	$3.26	7	↑0 ↓0
Dec 2027	$4.17	$3.00	$5.53	7	↑0 ↓0
Dec 2028	$6.87	$6.87	$6.87	1	↑0 ↓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
Country: North America
Exchange: NASDAQ-GS

Axon (Nasdaq: AXON) is the global leader in public safety technology, relentlessly innovating to protect more lives in more places. Founder-led since 1993, Axon began with a mission to reimagine conflict in law enforcement and has grown into a global company serving everyone who takes on the responsibility of public safety, enterprise security, and national security - from first responders and governments to companies, frontline workers, and communities. Our trusted network connects TASER energy devices, cameras and sensors including body-worn, fixed and in-car cameras, drones and robotics, digital evidence and records management, real-time operations, immersive training, productivity tools, and AI-driven capabilities and insights. Designed to work seamlessly together, these solutions create a connected picture of safety that helps protect people and places with greater speed, clarity, and accountability.

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

$606

Current

—

Low

$700

Average

—

High

Average target implies +15.42% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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