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AXON
Axon Enterprise Inc.Stock · IndustrialsNasdaq-100 0.2% · S&P 500 0.1%
$502.58+$10.68 (+2.17%)as of market close, Jul 24, 2026
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How Axon Enterprise makes money

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How does Axon Enterprise make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Axon Enterprise Inc. · FY2025 · year ended 2025-12-31
Revenue$2.8BGross profit$1.7B · 60%Cost of revenue$1.1B · 40%Operating income$0 · 0%Operating expenses$1.7B · 60%R&D$684M · 25%Other opex$974M · 35%Pre-tax income$125M · 4%Other income$125M · 4%Net income$125M · 4%Software & Services$1.2B · 43%TASER Devices Professional$914M · 33%Personal Sensors$397M · 14%Platform Solutions$266M · 10%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.