Financial statements

AXON ENTERPRISE, INC.

AXON

The tables show figures AXON ENTERPRISE, INC. filed with the SEC, in the currency it filed in (USD). A † marks totals or quarters calculated from filed lines. Nothing here is a forecast. By fiscal year · By quarter · What moved

Latest annual figures

AXON ENTERPRISE, INC.: annual revenue and profit

AXON ENTERPRISE, INC. reported annual revenue of $2.8bn (USD) for the fiscal year ending 31 Dec 2025.

AXON ENTERPRISE, INC. reported annual net income of $124.7m (USD) for the fiscal year ending 31 Dec 2025.

These are annual figures. The company report's headline twelve-month figures use an available twelve-month window from the filings and are missing when none can be calculated.

Read the AXON company report · Browse AXON filings on SEC EDGAR

By fiscal year

Fiscal year	Over the period	FY2025	FY2024	FY2024	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
What it earned
RevenueWhat it sold, before any costs	+562%	$2.8bn	$2.1bn	—	—	$1.6bn	$1.2bn	$863.4m	$681.0m	$530.9m	$420.1m
Gross profitWhat was left after the cost of making it	+541%	$1.7bn	$1.2bn	—	—	$955.4m	$728.6m	$540.9m	$416.3m	$307.3m	$258.6m
Research & developmentSpent on developing products	+790%	$684.3m	$441.6m	—	—	$303.7m	$233.8m	$194.0m	$123.2m	$100.7m	$76.9m
Selling & administrative costsSpent on running the business and selling	+560%	$1.0bn	$741.2m	—	—	$496.9m	$401.6m	$515.0m	$307.3m	$213.0m	$156.9m
Operating profitProfit from the business itself	-350%	-$62.1m	$58.5m	—	—	$154.8m	$93.3m	-$168.1m	-$14.2m	-$6.4m	$24.8m
InterestPaid to lenders	+1247%	$94.2m	$7.1m	—	—	$7.0m	—	—	—	—	—
TaxPaid in tax		-$105.7m	$4.5m	—	—	-$19.2m	$49.4m	-$81.4m	-$4.6m	$1.2m	-$1.1m
Net incomeWhat was left after everything	+327%	$124.7m	$377.0m	—	—	$174.2m	$147.1m	-$60.0m	-$1.7m	$882,000	$29.2m
Diluted EPSThat profit, per share	+202%	$1.51	$4.80	—	—	$2.31	$2.03	$-0.91	$-0.03	$0.01	$0.50
What it owns and owes
Cash & equivalentsCash it can spend today	+244%	$1.2bn	$454.8m	—	—	$598.5m	$353.7m	$356.3m	$155.4m	$172.3m	$349.5m
InventoryGoods not yet sold	+912%	$341.8m	$265.3m	—	—	$269.9m	$202.5m	$108.7m	$90.0m	$38.8m	$33.8m
Current assetsWhat it owns that turns to cash within a year	+565%	$3.7bn	$2.3bn	$2.4bn	$2.2bn	$2.4bn	$1.8bn	$1.1bn	$982.0m	$619.1m	$558.2m
Total assetsEverything it owns	+856%	$7.0bn	$4.5bn	$4.0bn	$3.6bn	$3.4bn	$2.9bn	$1.7bn	$1.4bn	$845.6m	$732.0m
Current liabilitiesWhat it owes within a year	+773%	$1.5bn	$997.6m	$1.5bn	$1.4bn	$800.0m	$602.6m	$418.5m	$256.3m	$195.6m	$168.5m
Total liabilitiesEverything it owes	+1320%	$3.8bn	$2.1bn	$1.9bn	$1.8bn	$1.8bn	$1.6bn	$640.4m	$404.8m	$302.1m	$264.7m
Short-term debtBorrowing due within a year		$80.6m	$680.3m	—	—	$0	—	—	—	—	—
Long-term debtBorrowing due later	+156%	$1.7bn	$0	—	—	$677.1m	—	—	—	—	—
Total debtBoth kinds of borrowing together	+167%	$1.8bn^†	$680.3m^†	—	—	$677.1m^†	—	—	—	—	—
Shareholders’ equityWhat would be left for owners if it paid off everything	+594%	$3.2bn	$2.3bn	$2.1bn	$1.8bn	$1.6bn	$1.3bn	$1.0bn	$976.3m	$543.5m	$467.3m
Where the cash went
Cash from operationsCash the business itself brought in	+231%	$211.3m	$408.3m	—	—	$189.3m	$235.4m	$124.5m	$38.5m	$65.7m	$63.9m
Cash from investingCash spent on or raised from investments		-$724.9m	-$490.6m	—	—	$12.5m	-$831.0m	$252.6m	-$356.5m	-$240.7m	-$9.9m
Cash from financingCash raised from or returned to lenders and owners	+471%	$1.3bn	-$45.4m	—	—	$41.3m	$598.1m	-$174.2m	$299.3m	-$3.9m	$219.3m
Spending on property & equipmentSpent on property and equipment	+1123%	$136.3m	$78.8m	—	—	$59.6m	$55.8m	$49.9m	$72.6m	$15.9m	$11.1m
Depreciation & amortisationWear on what it owns, counted as a cost	+683%	$83.2m	$48.4m	—	—	$32.6m	$24.4m	$18.7m	$12.5m	$11.4m	$10.6m
AcquisitionsSpent buying other businesses	+12863%	$646.9m	$621.8m	—	—	$21.1m	$2.1m	$22.4m	—	$0	$5.0m

† Worked out by us, not filed on its own. Total debt combines filed long-term debt with current debt when reported separately.

By quarter

Quarter ending	Over the period	30 Jun 2026	31 Mar 2026	31 Dec 2025	30 Sept 2025	30 Jun 2025	31 Mar 2025	31 Dec 2024	30 Sept 2024	30 Jun 2024	31 Mar 2024	31 Dec 2023	30 Sept 2023
What it earned
RevenueWhat it sold, before any costs	+119%	$904.4m	$807.3m	$796.7m^†	$710.6m	$668.5m	$603.6m	$575.1m^†	$544.3m	$504.1m	$460.7m	$430.4m	$413.6m
Gross profitWhat was left after the cost of making it	+114%	$546.4m	$477.3m	$461.3m^†	$427.3m	$403.7m	$365.7m	$345.8m^†	$330.7m	$303.7m	$260.0m	$264.0m	$255.3m
Research & developmentSpent on developing products	+171%	$208.7m	$188.9m	$194.0m^†	$176.7m	$162.6m	$151.0m	$134.6m^†	$114.5m	$101.4m	$91.1m	$84.0m^†	$76.9m
Selling & administrative costsSpent on running the business and selling	+136%	$291.0m	$259.1m	$317.4m^†	$252.8m	$242.2m	$223.5m	$227.0m^†	$192.2m	$169.4m	$152.7m	$137.3m	$123.3m
Operating profitProfit from the business itself	-15%	$46.8m	$29.2m	-$50.1m^†	-$2.1m	-$1.0m	-$8.8m	-$15.8m^†	$24.1m	$32.9m	$16.3m	$42.7m	$55.1m
InterestPaid to lenders	+1500%	$28.1m	$28.6m	$28.8m^†	$28.9m	$28.7m	$7.8m	$1.8m^†	$1.6m	$1.9m	$1.8m	—	—
TaxPaid in tax	-68%	$3.3m	$30.9m	-$69.0m^†	$17.9m	-$75.0m	$20.4m	-$50.6m^†	$12.5m	$9.8m	$32.5m	-$1.3m	$10.0m
Net incomeWhat was left after everything	-50%	$29.4m	$169.3m	$2.7m^†	-$2.2m	$36.1m	$88.0m	$135.2m^†	$67.0m	$40.8m	$133.2m	$57.1m	$59.4m
Diluted EPSThat profit, per share	-54%	$0.36	$2.05	$0.03^†	$-0.03	$0.44	$1.08	$1.68^†	$0.86	$0.53	$1.73	$0.75	$0.78
What it owns and owes
Cash & equivalentsCash it can spend today	+47%	$597.7m	$458.9m	$1.2bn	$1.4bn	$615.5m	$1.1bn	$454.8m	$695.1m	$566.5m	$403.9m	$598.5m	$406.0m
InventoryGoods not yet sold	+87%	$486.6m	$408.0m	$341.8m	$317.5m	$308.5m	$279.7m	$265.3m	$272.3m	$277.8m	$271.3m	$269.9m	$260.1m
Current assetsWhat it owns that turns to cash within a year	+33%	$3.0bn	$2.7bn	$3.7bn	$4.2bn	$3.8bn	$3.8bn	$2.3bn	$2.4bn	$2.2bn	$2.2bn	$2.4bn	$2.3bn
Total assetsEverything it owns	+130%	$7.5bn	$7.1bn	$7.0bn	$6.7bn	$6.2bn	$6.1bn	$4.5bn	$4.0bn	$3.7bn	$3.6bn	$3.4bn	$3.3bn
Current liabilitiesWhat it owes within a year	+95%	$1.4bn	$1.2bn	$1.5bn	$1.3bn	$1.3bn	$1.3bn	$997.6m	$823.2m	$766.1m	$757.5m	$800.0m	$717.8m
Total liabilitiesEverything it owes	+120%	$3.8bn	$3.5bn	$3.8bn	$3.6bn	$3.5bn	$3.5bn	$2.1bn	$1.9bn	$1.8bn	$1.8bn	$1.8bn	$1.7bn
Short-term debtBorrowing due within a year		$0	$0	$80.6m	$279.6m	$279.2m	$278.9m	$680.3m	—	—	—	$0	—
Long-term debtBorrowing due later	+156%	$1.7bn	$1.7bn	$1.7bn	$1.7bn	$1.7bn	$1.7bn	$0	—	—	—	$677.1m	—
Total debtBoth kinds of borrowing together	+156%	$1.7bn^†	$1.7bn^†	$1.8bn^†	$2.0bn^†	$2.0bn^†	$2.0bn^†	$680.3m^†	—	—	—	$677.1m^†	—
Shareholders’ equityWhat would be left for owners if it paid off everything	+142%	$3.7bn	$3.5bn	$3.2bn	$3.0bn	$2.7bn	$2.6bn	$2.3bn	$2.1bn	$1.9bn	$1.8bn	$1.6bn	$1.5bn
Where the cash went
Cash from operationsCash the business itself brought in	-68%	$20.1m^†	-$31.5m	$217.2m^†	$60.0m^†	-$91.7m^†	$25.8m	$250.2m^†	$91.3m^†	$82.8m^†	-$15.9m	$140.0m^†	$62.9m^†
Cash from investingCash spent on or raised from investments		$151.2m^†	-$616.9m	-$226.4m^†	$590.3m^†	-$386.5m^†	-$702.2m	-$441.7m^†	$43.1m^†	$82.1m^†	-$174.0m	$53.2m^†	-$122.0m^†
Cash from financingCash raised from or returned to lenders and owners		-$30.3m^†	-$92.3m	-$215.6m^†	$159.2m^†	-$4.4m^†	$1.3bn	-$32.8m^†	-$7.7m^†	-$2.2m^†	-$2.7m	-$3.8m^†	-$7.1m^†
Spending on property & equipmentSpent on property and equipment	+51%	$21.0m^†	$23.1m	$61.8m^†	$26.6m^†	$23.0m^†	$24.9m	$24.8m^†	$26.5m^†	$11.3m^†	$16.2m	$24.0m^†	$14.0m^†
Depreciation & amortisationWear on what it owns, counted as a cost	+286%	$32.5m^†	$30.4m	$26.9m^†	$19.6m^†	$17.2m^†	$19.5m	$17.7m^†	$6.2m^†	$13.0m^†	$11.6m	$10.1m^†	$8.4m^†
AcquisitionsSpent buying other businesses	+2888%	$1.9m^†	$549.7m	$624.1m^†	$19.0m^†	$3.8m^†	$0	$384.0m^†	$0^†	$25,000^†	$237.8m	$0^†	$64,000^†

† Worked out by us, not filed on its own. Total debt combines filed long-term debt with current debt when reported separately. For other marked lines, the company reports from the start of its year, so the quarter is one running total less the one before it.

What moved

The largest movements in the tables above, with what else moved alongside them. Anything filed near a movement is listed as having been filed near it — that is a date, not a cause.

Cash from operations rose in the quarter to 30 Jun 2026

By the numbersOver the same period: net income fell 82.6% to $29.4m, inventory rose 19.3% to $486.6m, depreciation & amortisation rose 6.9% to $32.5m, spending on property & equipment fell 9.0% to $21.0m.

Also filed around then

10 Jul 2026 — departure or appointment of an officer or director
10 Apr 2026 — departure or appointment of an officer or director
11 Mar 2026 — departure or appointment of an officer or director

Shareholders’ equity rose in each of the last 11 quarters

By the numbersOver the same period: net income fell 82.6% to $29.4m, total debt rose 0.0% to $1.7bn.

Also filed around then

10 Jul 2026 — departure or appointment of an officer or director
10 Apr 2026 — departure or appointment of an officer or director
11 Mar 2026 — departure or appointment of an officer or director

Revenue rose in each of the last 11 quarters

By the numbersOver the same period: gross profit rose 14.5% to $546.4m, operating profit rose 60.0% to $46.8m.

Also filed around then

10 Jul 2026 — departure or appointment of an officer or director
10 Apr 2026 — departure or appointment of an officer or director
11 Mar 2026 — departure or appointment of an officer or director

Where this came from

Prices: licensed end-of-day data from Tiingo.
Figures: as filed with the SEC (XBRL facts), for the period ending 2026-06-30.
Calculated figures marked †: total debt combines filed long-term debt with current debt when reported separately; some quarters subtract the prior running total from the latest one.
Built 9 Sept 2026. Reports are rebuilt every night while readers are reading them.