Axon Enterprise, Inc. (AXON) Financial Statements
Industry: Ordnance & Accessories, (No Vehicles/Guided Missiles)
In fiscal 2025, Axon Enterprise reported revenue of $2.78B, up 33.5% from $2.08B the year before. Net income was $124.7M (a 4.5% net margin), or $1.51 per diluted share. Gross margin was 59.7% and operating margin was -2.2%. Operating activities generated $211.3M of cash, leaving $75.1M of free cash flow. At fiscal year end, Axon Enterprise held $7.00B in total assets against $3.76B in total liabilities, including $1.20B of cash and equivalents.
Open the full interactive Axon Enterprise financials → Quarterly statements, key ratios, valuation history and price charts.
Axon Enterprise Key Stats
| Share Price | $413.35 |
|---|---|
| Market Cap | $34.12B |
| P/E Ratio | 273.7 |
| Revenue YoY Growth | +33.5% |
| 52-Week Range | $345.94 – $759.44 |
| Shares Outstanding | 80.6 million (basic, 2026 Q2) |
Axon Enterprise Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $681.0M | $863.4M | $1.19B | $1.56B | $2.08B | $2.78B |
| Cost of Goods Sold | $264.7M | $322.5M | $461.3M | $608.0M | $841.1M | $1.12B |
| Gross Profit | $416.3M | $540.9M | $728.6M | $955.4M | $1.24B | $1.66B |
| Operating Income | -$14.2M | -$168.1M | $93.3M | $154.8M | $58.5M | -$62.1M |
| Pre-Tax Income | -$6.3M | -$141.4M | $196.5M | $155.0M | $381.5M | $19.0M |
| Income Tax | -$4.6M | -$81.4M | $49.4M | -$19.2M | $4.5M | -$105.7M |
| Net Income | -$1.7M | -$60.0M | $147.1M | $174.2M | $377.0M | $124.7M |
| Diluted EPS | -$0.03 | -$0.91 | $2.03 | $2.31 | $4.80 | $1.51 |
Axon Enterprise Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $710.6M | $796.7M | $807.3M | $904.4M |
| Net Income | -$2.2M | $2.7M | $169.3M | $29.4M |
| Diluted EPS | -$0.03 | $0.03 | $2.05 | $0.36 |
Axon Enterprise Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $155.4M | $356.3M | $353.7M | $598.5M | $454.8M | $1.20B |
| Current Assets | $982.0M | $1.11B | $1.81B | $2.40B | $2.30B | $3.71B |
| Total Assets | $1.38B | $1.69B | $2.85B | $3.44B | $4.47B | $7.00B |
| Current Liabilities | $256.3M | $418.5M | $602.6M | $800.0M | $997.6M | $1.47B |
| Total Long-Term Debt | — | — | $674.0M | $677.1M | $680.3M | $1.81B |
| Total Liabilities | $404.8M | $640.4M | $1.58B | $1.82B | $2.15B | $3.76B |
| Shareholders' Equity | $976.3M | $1.05B | $1.27B | $1.61B | $2.33B | $3.24B |
Axon Enterprise Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $38.5M | $124.5M | $235.4M | $189.3M | $408.3M | $211.3M |
| Cash From Investing | -$356.5M | $252.6M | -$831.0M | $12.5M | -$490.6M | -$724.9M |
| Cash From Financing | $299.3M | -$174.2M | $598.1M | $41.3M | -$45.4M | $1.25B |
| Free Cash Flow | -$34.1M | $74.6M | $179.6M | $129.6M | $329.5M | $75.1M |
Figures from Axon Enterprise's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Axon Enterprise financials page for every line item.
Axon Enterprise Company Profile
| Ticker | AXON |
|---|---|
| Exchange | Nasdaq |
| Industry | Ordnance & Accessories, (No Vehicles/Guided Missiles) |
| Headquarters | Scottsdale, Arizona |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001069183 |
Frequently Asked Questions
What was Axon Enterprise's revenue in fiscal 2025?
Axon Enterprise (AXON) reported revenue of $2.78B for fiscal 2025.
What is Axon Enterprise's annual revenue history?
Axon Enterprise's annual revenue by fiscal year: 2020: $681.0M; 2021: $863.4M; 2022: $1.19B; 2023: $1.56B; 2024: $2.08B; 2025: $2.78B.
What was Axon Enterprise's net income in fiscal 2025?
Axon Enterprise reported net income of $124.7M for fiscal 2025.
What was Axon Enterprise's earnings per share (EPS) in fiscal 2025?
Axon Enterprise's diluted EPS was $1.51 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Axon Enterprise generate in fiscal 2025?
Axon Enterprise generated $75.1M of free cash flow in fiscal 2025.
What was Axon Enterprise's revenue last quarter?
In its most recent reported quarter (2026 Q2), Axon Enterprise reported revenue of $904.4M.
How much debt does Axon Enterprise have?
Axon Enterprise reported $1.81B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Axon Enterprise are outstanding?
Axon Enterprise reported a weighted average of 80.6 million basic shares outstanding in 2026 Q2.
What is Axon Enterprise's market cap?
Based on its latest closing price, Axon Enterprise (AXON) has a market capitalization of about $34.12B.
When does Axon Enterprise's fiscal year end?
Axon Enterprise's fiscal year end, as registered with the SEC, is December 31.
Where is Axon Enterprise headquartered?
Axon Enterprise lists its business address in Scottsdale, Arizona in its SEC filings.