AXON
Axon Enterprise Inc.Stock · IndustrialsNasdaq-100 0.2% · S&P 500 Equal Weight 0.1% · Nasdaq Composite 0.08% · S&P 500 0.07% · Russell 1000 0.06% · US Stock Market 0.06% · Russell 3000 0.06% · MSCI World 0.04% · MSCI ACWI 0.03%$479.56+0.15%
as of market close, Sep 11, 2026
☾ AH — —
AXON financial statements
The full income statement, balance sheet, and cash-flow statement for Axon Enterprise Inc. (AXON), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 75.6M2024-09 76.3M2024-12 76.6M2025-03 77.9M2025-06 78.5M2025-09 78.9M2025-12 80.4M2026-03 80.6M2026-06 81.2M+7.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.78B+33.5% | 2.08B+33.4% | 1.56B+31.5% | 1.19B+37.1% | 866M+27.1% | |
| 1.66B+33.6% | 1.24B+29.9% | 955M+31.6% | 726M+33.1% | 546M+31.1% | ||
| Cost of revenue | 1.12B+33.3% | 841M+39.0% | 605M+31.3% | 461M+44.1% | 320M+20.9% | |
| 1.72B+45.4% | 1.18B+48.1% | 799M+26.1% | 633M-10.7% | 709M+64.7% | ||
| Research & development | 684M+55.0% | 442M+45.4% | 304M+29.9% | 234M+20.5% | 194M+57.5% | |
| Selling, general & administrative | 1.04B+39.8% | 741M+49.8% | 495M+23.9% | 399M-22.4% | 515M+67.5% | |
| Amortization of intangibles | 29.8M+71.3% | 17.4M+286.7% | 4.50M+12.5% | 4.00M+37.9% | 2.90M-12.1% | |
| Provision for credit losses | — | 4.03M-26.5% | 5.48M+682.3% | 701K+1623.9% | -46.0K-103.8% | |
| Operating income | -62.1M-206.0% | 58.5M-62.7% | 157M+68.7% | 93.0M+157.0% | -163M-1053.0% | |
| Interest expense | 94.2M+1227.7% | 7.10M+1.5% | 7.00M | — | — | |
| Interest & investment income | 75.4M+72.6% | 43.7M-11.0% | 49.1M | — | — | |
| Other non-operating income | 99.9M-65.1% | 286M+783.4% | -41.9M-142.3% | 99.0M+291.7% | 25.3M | |
| Gain (loss) on equity securities | -6.00M-105.0% | 120M+210.9% | 38.7M+217.6% | -32.9M-84.8% | -17.8M | |
| Pre-tax income | 19.0M-95.0% | 382M+142.9% | 157M-20.0% | 196M+243.9% | -136M-2068.2% | |
| Income tax | -106M-2464.3% | 4.47M+123.9% | -18.7M-138.0% | 49.3M+161.6% | -80.1M-1653.1% | |
| Net income | 125M-66.9% | 377M+114.5% | 176M+19.6% | 147M+360.8% | -56.3M-3167.9% | |
| $1.51-68.5% | $4.80+106.0% | $2.33+14.8% | $2.03+323.1% | -$0.91-2933.3% | ||
| EPS (basic) | $1.60-67.9% | $4.98+110.1% | $2.37+14.5% | $2.07+343.5% | -$0.85-2733.3% | |
| Weighted-avg shares (basic) | 78.1M+3.1% | 75.7M+2.1% | 74.2M+4.4% | 71.1M+7.4% | 66.2M+7.1% | |
| Weighted-avg shares (diluted) | 82.4M+4.9% | 78.6M+4.1% | 75.5M+4.0% | 72.5M+9.6% | 66.2M+7.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.71B+61.6% | 2.30B-4.0% | 2.39B+32.6% | 1.81B+62.7% | 1.11B+13.0% | ||
| Cash & equivalents | 1.20B+164.1% | 455M-24.0% | 599M+69.2% | 354M-0.7% | 356M+129.2% | |
| Short-term investments | 505M+51.7% | 333M-48.3% | 644M+10.7% | 582M+3909.4% | 14.5M-96.4% | |
| Inventory | 342M+28.8% | 265M-1.7% | 270M+33.3% | 202M+86.3% | 109M+20.8% | |
| Prepaid expenses | 277M+112.8% | 130M+26.5% | 103M+41.1% | 73.0M+29.2% | 56.5M+53.3% | |
| Other current assets | 128M | — | — | — | — | |
| 7.00B+56.4% | 4.47B+31.3% | 3.41B+19.5% | 2.85B+68.9% | 1.69B+22.2% | ||
| Property, plant & equipment | 331M+33.8% | 247M+23.3% | 201M+18.1% | 170M+22.7% | 138M+31.2% | |
| Operating lease right-of-use | 99.5M+123.3% | 44.6M+23.3% | 36.2M-5.8% | 38.4M+64.9% | 23.3M+4.3% | |
| Goodwill | 1.37B+81.0% | 757M+1206.1% | 57.9M+28.8% | 45.0M+3.2% | 43.6M+72.9% | |
| Intangible assets | 197M+12.5% | 175M+796.4% | 19.5M+60.7% | 12.2M-21.4% | 15.5M+63.7% | |
| Long-term investments | — | — | — | 156M+400.2% | 31.2M-65.6% | |
| Deferred tax assets | 360M+18.2% | 304M+33.6% | 228M+45.2% | 157M+23.3% | 127M+177.9% | |
| Other non-current assets | 428M+80.2% | 238M+24.4% | 191M+19.7% | 160M+62.5% | 98.2M+44.0% | |
| 1.47B-12.4% | 1.68B+120.3% | 762M+26.4% | 603M+44.0% | 419M+63.3% | ||
| Accounts payable | 139M+93.3% | 72.0M+9.3% | 65.9M+9.9% | 59.9M+86.0% | 32.2M+33.5% | |
| Accrued liabilities | 511M+82.9% | 279M+44.2% | 194M+24.1% | 156M+50.4% | 104M+73.3% | |
| Deferred revenue | 715M+16.6% | 613M+30.3% | 470M+30.7% | 360M+35.6% | 266M+62.0% | |
| Short-term & current debt | 80.6M-88.2% | 680M | 0.00 | — | — | |
| Current lease liability | 6.99M-26.1% | 9.45M+19.1% | 7.94M+24.9% | 6.36M-2.8% | 6.54M+20.4% | |
| Other current liabilities | 9.11M-29.2% | 12.9M+31.4% | 9.79M+53.9% | 6.36M-2.8% | 6.54M+20.4% | |
| 3.76B+75.0% | 2.15B+19.7% | 1.79B+13.3% | 1.58B+147.3% | 640M+58.2% | ||
| Long-term debt | 1.73B | 0.00-100.0% | 677M | — | — | |
| Deferred revenue (non-current) | 360M-0.2% | 361M+33.1% | 271M+9.2% | 248M+33.5% | 186M+67.0% | |
| Non-current lease liability | 98.9M+139.1% | 41.4M+23.3% | 33.5M-9.7% | 37.1M+81.7% | 20.4M+7.9% | |
| Operating lease liability (total) | 106M+108.4% | 50.8M+22.5% | 41.5M-4.6% | 43.5M+61.2% | 27.0M+10.6% | |
| Finance lease liability (total) | — | — | 0.00 | 0.00 | — | |
| Deferred tax liabilities | 1.64M-30.7% | 2.37M | 0.00-100.0% | 1.00M+23.3% | 811K+25.0% | |
| Other non-current liabilities | 50.4M+93.3% | 26.1M+24.8% | 20.9M+353.4% | 4.61M-14.4% | 5.39M-80.3% | |
| 3.24B+39.3% | 2.33B+44.1% | 1.62B+27.2% | 1.27B+21.0% | 1.05B+7.6% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | — | — | |
| Common stock | 1.00K+0.0% | 1.00K+0.0% | 1.00K+0.0% | 1.00K+0.0% | 1.00K+0.0% | |
| Additional paid-in capital | 2.48B+46.5% | 1.69B+25.4% | 1.35B+14.7% | 1.17B+7.2% | 1.10B+13.8% | |
| Retained earnings | 937M+15.4% | 812M+86.7% | 435M+69.2% | 257M+133.9% | 110M-35.3% | |
| Treasury stock | 157M+0.8% | 156M+0.0% | 156M+0.0% | 156M+0.0% | 156M+0.0% | |
| Accumulated other comprehensive income | -11.8M+35.1% | -18.2M-70.3% | -10.7M-48.8% | -7.18M-445.1% | -1.32M-1034.0% | |
| Total liabilities & equity | 7.00B+56.4% | 4.47B+31.3% | 3.41B+19.5% | 2.85B+68.9% | 1.69B+22.2% | |
| Common shares issued | 100M+3.7% | 96.8M+1.4% | 95.5M+33.6% | 71.5M+0.8% | 70.9M+11.2% | |
| Common shares outstanding | 80.2M+4.7% | 76.6M+1.8% | 75.3M+5.4% | 71.5M+0.8% | 70.9M+11.2% | |
| Shares outstanding (cover) | 80.4M+4.9% | 76.6M+1.8% | 75.3M+3.3% | 72.9M+2.7% | 70.9M+11.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 211M-48.2% | 408M+115.7% | 189M-19.6% | 235M+89.1% | 124M+223.5% | ||
| Depreciation & amortization | 83.2M+71.7% | 48.4M+150.7% | 19.3M-16.4% | 23.1M+23.7% | 18.7M+49.9% | |
| Intangible amortization | 29.8M+71.3% | 17.4M+286.7% | 4.50M+12.5% | 4.00M+37.9% | 2.90M-12.1% | |
| Share-based compensation | 634M+65.8% | 383M+191.3% | 131M+23.7% | 106M-65.0% | 303M+127.1% | |
| Deferred income taxes | -82.7M+2.8% | -85.1M-17.4% | -72.5M-429.2% | 22.0M+127.1% | -81.3M-391.9% | |
| Change in inventory | 82.0M+13601.0% | -607K-100.8% | 77.6M-18.3% | 95.0M+420.0% | 18.3M-65.0% | |
| -725M-47.8% | -491M-4032.1% | 12.5M+101.5% | -831M-429.0% | 253M+170.8% | ||
| Capital expenditure | 136M+72.9% | 78.8M+32.1% | 59.6M+6.9% | 55.8M+11.9% | 49.9M-31.3% | |
| Free cash flow | 75.1M-77.2% | 330M+154.2% | 130M-27.8% | 180M+140.7% | 74.6M+318.5% | |
| Acquisitions | 647M+4.0% | 622M+2848.4% | 21.1M+902.4% | 2.10M-90.6% | 22.4M | |
| Purchases of investments | 2.08B+161.7% | 793M+40.8% | 564M-33.3% | 845M+133.2% | 362M-44.8% | |
| Proceeds from sale of PP&E | — | — | 98.0K-65.9% | 287K+567.4% | 43.0K-54.7% | |
| Other investing activities | 49.0K+190.7% | -54.0K-110.1% | 537K+2585.0% | 20.0K | — | |
| 1.25B+2856.5% | -45.4M-210.0% | 41.3M-93.1% | 598M+443.4% | -174M-158.2% | ||
| Long-term debt issued | 1.75B | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 106M-65.6% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -224K+87.8% | -1.83M | 0.00 | 0.00 | — | |
| FX effect on cash | 7.76M+224.9% | -6.21M-400.7% | 2.06M+161.1% | -3.38M-70.5% | -1.98M-200.3% | |
| Net change in cash | 747M+657.6% | -134M-154.6% | 245M+27765.7% | -886K-100.4% | 201M+1295.5% | |
| Interest paid | 57.2M+1557.2% | 3.45M-1.7% | 3.51M | 0.00 | — | |
| Income taxes paid | 51.1M-24.7% | 67.8M+5.2% | 64.5M+513.7% | 10.5M+105.7% | 5.11M-53.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 45.7B+0.3% | 45.5B+135.2% | 19.4B+63.9% | 11.8B+6.0% | 11.1B+42.5% | |
| P/E | 366.3×+203.3% | 120.8×-7.9% | 131.1×+20.0% | 109.2× | — | |
| P/S | 16.4×-24.9% | 21.9×+65.3% | 13.2×+20.2% | 11.0×-14.5% | 12.9×+12.1% | |
| P/B | 14.1×-28.0% | 19.6×+54.1% | 12.7×+32.4% | 9.6×-9.6% | 10.6×+32.5% | |
| P/FCF | 608.1×+340.1% | 138.2×-5.0% | 145.4×-26.7% | 198.2×+32.8% | 149.3× | |
| Earnings yield | 0.27%-67.0% | 0.83%+8.5% | 0.76%-16.7% | 0.92% | — | |
| FCF yield | 0.16%-77.3% | 0.72%+5.2% | 0.69%+36.3% | 0.50%-24.7% | 0.67% | |
| Source filing | 10-K | 10-K/A | 10-K | 10-K | 10-K |
About this data
Source: AXON’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AXON filings on SEC EDGAR → Not investment advice.