Axon Enterprise, Inc.(AXON)Earnings, Financials & Key Ratios

AXON•NASDAQ

$385.86

$31.09B mkt cap·255.5× P/E·Price updated May 6, 2026

SectorIndustrials IndustryAerospace & Defense Sub-IndustryDefense Electronics and Sensors

AboutAxon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, TASER, and Software and Sensors. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence. Its products include TASER 7, TASER X26P, TASER X2, TASER Consumer devices, and related cartridges; on-officer body cameras, Axon Fleet in-car systems, and other devices; Axon Evidence digital evidence management software; Axon Signal enabled devices, as well as hardware extended warranties; and Axon docks, cartridges, and batteries. It sells its products through its direct sales force, distribution partners, online store, and third-party resellers. Axon Enterprise, Inc. has a strategic partnership with Fusus, Inc. to expand the capabilities of Axon Respond and the Fusus Real Time Crime Center in the Cloud solution to provide agencies real-time operations situational awareness, including streamlined investigative workflows. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona.Show more

Revenue$2.78B+33.5%
EBITDA$21M-80.3%
Net Income$125M-66.9%
EPS (Diluted)1.51-68.5%
Gross Margin59.65%
EBITDA Margin0.76%-85.2%
Operating Margin-2.23%-179.4%
Net Margin4.49%-75.2%
ROE4.48%-76.5%
ROIC-1.29%-173.4%
Debt/Equity0.59-2.2%
Interest Coverage1.20-97.8%

Analysis→Technical→

AXON Key Insights

Axon Enterprise, Inc. (AXON) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 32.5%

✗Weaknesses

✗Weak momentum: RS Rating 9 (bottom 9%)
✗Shares diluted 27.3% in last year
✗Trading more than 30% below 52-week high
✗Expensive at 11.9x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

AXON Price & Volume

Axon Enterprise, Inc. (AXON) stock price & volume — 10-year historical chart

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AXON Growth Metrics

Axon Enterprise, Inc. (AXON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years30.24%

5 Years32.48%

3 Years32.68%

TTM34%

Profit CAGR

10 Years20.14%

5 Years-

3 Years-5.31%

TTM-37.82%

EPS CAGR

10 Years15.42%

5 Years-

3 Years-9.39%

TTM-39.8%

Return on Capital

10 Years2.54%

5 Years-0.29%

3 Years2.39%

Last Year-1.49%

AXON Recent Earnings

Axon Enterprise, Inc. (AXON) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 11/12 qtrs (92%)●Beat Revenue 11/12 qtrs (92%)

Q1 2026Latest

Feb 24, 2026

EPS

$2.15

Est $1.60

+34.4%

Revenue

$797M

Est $756M

+5.4%

Q4 2025

Nov 4, 2025

EPS

$1.17

Est $1.52

-23.0%

Revenue

$711M

Est $705M

+0.8%

Q3 2025

Aug 4, 2025

EPS

$2.12

Est $1.45

+46.2%

Revenue

$669M

Est $641M

+4.3%

Q2 2025

May 7, 2025

EPS

$1.41

Est $1.27

+11.0%

Revenue

$604M

Est $586M

+2.9%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 24, 2026	$2.15vs $1.60+34.4%	$797Mvs $756M+5.4%
Q4 2025	Nov 4, 2025	$1.17vs $1.52-23.0%	$711Mvs $705M+0.8%
Q3 2025	Aug 4, 2025	$2.12vs $1.45+46.2%	$669Mvs $641M+4.3%
Q2 2025	May 7, 2025	$1.41vs $1.27+11.0%	$604Mvs $586M+2.9%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
MSAMSA Safety IncorporatedDirect Competitor	6.75B	173.97	24.54	3.69%	15.16%	22.03%	0.46
VNETVNET Group, Inc.Direct Competitor	2.62B	9.01	93.06	11.41%	-5.98%	-7.63%	2.67
MSIMotorola Solutions, Inc.Direct Competitor	71.86B	433.66	34.01	8%	18.44%	88.75%	4.16
DGLYDigital Ally, Inc.Direct Competitor	2.43M	1.28	-0.23	-30.44%	-59.7%	-136.3%
WRAPWrap Technologies, Inc.Direct Competitor	82.7M	1.49	-6.77	15.44%	-221.21%	-103.49%	0.21
SFSTSouthern First Bancshares, Inc.Product Competitor	538M	56.90	15.17	5.29%		8.63%	0.72
CRNCCerence Inc.Product Competitor	458.73M	10.19	-23.70	-24.05%	0.11%	0.22%	1.53
SPSCSPS Commerce, Inc.Product Competitor	2.09B	55.87	22.71	17.83%	11.92%	9.45%	0.01

Compare AXON vs Peers

Axon Enterprise, Inc. (AXON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSA

Most directly comparable listed peer for AXON.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare AXON against a more recognizable public peer.

Peer Set

Compare Top 5

vs MSA, VNET, MSI, DGLY

AXON Income Statement

Axon Enterprise, Inc. (AXON) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	343.8M	420.07M	530.86M	681M	863.38M	1.19B	1.56B	2.08B	2.78B	2.98B
Revenue Growth %	28.17%	22.18%	26.37%	28.28%	26.78%	37.82%	31.16%	33.44%	33.47%	34%
Cost of Goods Sold	136.71M	161.49M	223.57M	264.67M	332.3M	461.3M	605.25M	841.15M	1.12B	1.21B
COGS % of Revenue	39.76%	38.44%	42.12%	38.87%	38.49%	38.77%	38.78%	40.39%	40.35%	-
Gross Profit	207.09M▲ 0%	258.58M▲ 24.9%	307.29M▲ 18.8%	416.33M▲ 35.5%	531.09M▲ 27.6%	728.64M▲ 37.2%	955.45M▲ 31.1%	1.24B▲ 29.9%	1.66B▲ 33.6%	1.77B▲ 0%
Gross Margin %	60.24%	61.56%	57.88%	61.13%	61.51%	61.23%	61.22%	59.61%	59.65%	59.32%
Gross Profit Growth %	21.43%	24.87%	18.83%	35.49%	27.56%	37.2%	31.13%	29.93%	33.57%	-
Operating Expenses	194.06M	231.74M	312.38M	430.48M	697.91M	635.38M	796M	1.18B	1.72B	1.73B
OpEx % of Revenue	56.45%	55.17%	58.84%	63.21%	80.83%	53.4%	51%	56.8%	61.81%	-
Selling, General & Admin	138.58M	154.89M	211.66M	307.29M	503.88M	401.57M	492.28M	741.25M	1.03B	1.07B
SG&A % of Revenue	40.31%	36.87%	39.87%	45.12%	58.36%	33.75%	31.54%	35.59%	37.19%	-
Research & Development	55.37M	76.86M	100.72M	123.19M	194.03M	233.81M	303.72M	441.59M	684.31M	662.19M
R&D % of Revenue	16.11%	18.3%	18.97%	18.09%	22.47%	19.65%	19.46%	21.2%	24.62%	-
Other Operating Expenses	109K	0	0	0	0	0	0	0	0	0
Operating Income	13.02M▲ 0%	26.84M▲ 106.1%	-5.09M▼ 119.0%	-14.15M▼ 177.8%	-166.82M▼ 1079.0%	93.25M▲ 155.9%	159.45M▲ 71.0%	58.54M▼ 63.3%	-62.08M▼ 206.0%	38.18M▲ 0%
Operating Margin %	3.79%	6.39%	-0.96%	-2.08%	-19.32%	7.84%	10.22%	2.81%	-2.23%	1.28%
Operating Income Growth %	-59.49%	106.1%	-118.98%	-177.78%	-1078.96%	155.9%	70.99%	-63.29%	-206.04%	-
EBITDA	21.06M	37.46M	6.27M	-1.68M	-142.56M	124.36M	178.76M	106.97M	21.09M	96.94M
EBITDA Margin %	6.13%	8.92%	1.18%	-0.25%	-16.51%	10.45%	11.45%	5.14%	0.76%	3.25%
EBITDA Growth %	-41.18%	77.82%	-83.27%	-126.73%	-8410.81%	187.24%	43.75%	-40.16%	-80.29%	9.8%
D&A (Non-Cash Add-back)	8.04M	10.62M	11.36M	12.47M	24.27M	31.11M	19.32M	48.42M	83.16M	58.76M
EBIT	15.76M	28.1M	2.07M	-6.19M	-141.38M	196.52M	164.06M	388.6M	113.21M	68.24M
Net Interest Income	1.6M	4.36M	7.86M	4.9M	30.95M	4.8M	42.11M	36.59M	-18.81M	-21.59M
Interest Income	1.6M	4.36M	7.86M	5M	30.95M	4.8M	49.11M	43.69M	75.43M	75.44M
Interest Expense	0	0	0	100K	0	0	7M	7.1M	94.24M	57.77M
Other Income/Expense	2.74M	1.26M	7.16M	7.86M	25.45M	103.27M	-2.39M	322.96M	81.05M	143.86M
Pretax Income	15.76M▲ 0%	28.1M▲ 78.3%	2.07M▼ 92.6%	-6.29M▼ 403.9%	-141.38M▼ 2147.3%	196.52M▲ 239.0%	157.06M▼ 20.1%	381.5M▲ 142.9%	18.97M▼ 95.0%	182.04M▲ 0%
Pretax Margin %	4.58%	6.69%	0.39%	-0.92%	-16.37%	16.52%	10.06%	18.32%	0.68%	6.1%
Income Tax	10.55M	-1.1M	1.19M	-4.57M	-81.36M	49.38M	-18.72M	4.47M	-105.68M	-24.2M
Effective Tax Rate %	66.96%	-3.92%	57.39%	72.6%	57.55%	25.13%	-11.92%	1.17%	-556.98%	-13.29%
Net Income	5.21M▲ 0%	29.2M▲ 460.9%	882K▼ 97.0%	-1.72M▼ 295.5%	-60.02M▼ 3381.3%	147.14M▲ 345.2%	175.78M▲ 19.5%	377.03M▲ 114.5%	124.91M▼ 66.9%	206.24M▲ 0%
Net Margin %	1.51%	6.95%	0.17%	-0.25%	-6.95%	12.37%	11.26%	18.1%	4.49%	6.91%
Net Income Growth %	-69.9%	460.88%	-96.98%	-295.46%	-3381.32%	345.16%	19.47%	114.49%	-66.87%	-37.82%
Net Income (Continuing)	5.21M	29.2M	882K	-1.72M	-60.02M	147.14M	175.78M	377.03M	124.66M	206.24M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.10▲ 0%	0.50▲ 400.0%	0.01▼ 97.1%	-0.03▼ 289.8%	-0.91▼ 3161.6%	2.03▲ 323.1%	2.33▲ 14.8%	4.80▲ 106.0%	1.51▼ 68.5%	2.50▲ 0%
EPS Growth %	-68.75%	400%	-97.06%	-289.8%	-3161.65%	323.08%	14.78%	106.01%	-68.54%	-39.8%
EPS (Basic)	0.10	0.52	0.01	-0.03	-0.91	2.07	2.37	4.98	1.60	-
Diluted Shares Outstanding	53.9M	57.92M	60.02M	61.78M	66.19M	72.53M	75.46M	78.56M	100M	82.48M
Basic Shares Outstanding	52.73M	56.39M	59.19M	61.78M	66.19M	71.09M	74.19M	75.75M	80.4M	80.15M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

AXON Balance Sheet

Axon Enterprise, Inc. (AXON) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	205.19M	558.15M	619.09M	981.95M	1.11B	1.81B	2.39B	2.3B	3.71B	2.74B
Cash & Short-Term Investments	81.97M	349.46M	350.78M	561.97M	443.02M	974.69M	1.32B	986.35M	1.71B	718.92M
Cash Only	75.11M	349.46M	172.25M	155.44M	356.33M	353.68M	598.54M	454.84M	1.2B	458.92M
Short-Term Investments	6.86M	0	178.53M	406.52M	86.69M	621.01M	721.99M	531.5M	505.42M	260M
Accounts Receivable	56.06M	144.54M	184.98M	293.15M	501.24M	555.09M	700.19M	915.5M	955.74M	870.34M
Days Sales Outstanding	59.52	125.59	127.19	157.12	211.9	170.27	163.75	160.46	125.5	110.67
Inventory	45.47M	33.76M	38.84M	89.96M	108.69M	202.47M	269.86M	265.32M	341.81M	408.01M
Days Inventory Outstanding	121.39	76.31	63.42	124.06	119.39	160.2	162.74	115.13	111.25	103.45
Other Current Assets	0	7.97M	19.29M	13.37M	20.01M	29.41M	48.34M	130.31M	708.94M	746.86M
Total Non-Current Assets	132.92M	161.38M	226.55M	399.07M	578.72M	1.05B	1.02B	2.18B	3.29B	4.32B
Property, Plant & Equipment	31.17M	37.89M	43.77M	127.8M	138.46M	169.84M	236.69M	247.32M	330.98M	336.44M
Fixed Asset Turnover	11.03x	11.09x	12.13x	5.33x	6.24x	7.01x	6.59x	8.42x	8.40x	9.77x
Goodwill	14.93M	24.98M	25.01M	25.2M	43.59M	44.98M	57.95M	756.84M	1.37B	1.89B
Intangible Assets	18.82M	15.94M	12.77M	9.45M	15.47M	12.16M	19.54M	175.16M	196.97M	295.07M
Long-Term Investments	0	0	45.5M	102.39M	114.75M	452.77M	231.73M	332.55M	416.83M	2.05B
Other Non-Current Assets	52.24M	82.58M	71.81M	88.45M	139.26M	210M	241.85M	360.96M	612.49M	2.15B
Total Assets	338.11M▲ 0%	719.54M▲ 112.8%	845.64M▲ 17.5%	1.38B▲ 63.3%	1.69B▲ 22.2%	2.85B▲ 68.9%	3.41B▲ 19.5%	4.47B▲ 31.3%	7B▲ 56.4%	7.07B▲ 0%
Asset Turnover	1.02x	0.58x	0.63x	0.49x	0.51x	0.42x	0.46x	0.47x	0.40x	0.44x
Asset Growth %	21.55%	112.81%	17.52%	63.31%	22.24%	68.93%	19.54%	31.25%	56.45%	204.89%
Total Current Liabilities	107.95M	166.01M	195.57M	256.33M	418.52M	602.65M	761.54M	1.68B	1.47B	1.21B
Accounts Payable	8.59M	15.16M	25.87M	24.14M	32.22M	59.92M	65.85M	71.95M	139.09M	175.13M
Days Payables Outstanding	22.94	34.27	42.24	33.29	35.39	47.41	39.71	31.22	45.27	41.15
Short-Term Debt	0	0	0	0	0	0	0	680.29M	80.55M	0
Deferred Revenue (Current)	74.07M	109.72M	120.84M	166.91M	276.05M	380.44M	492.35M	633.58M	714.71M	2.67B
Other Current Liabilities	1.78M	37K	3.85M	5.43M	6.54M	6.36M	124.62M	160.87M	535.8M	517.88M
Current Ratio	1.90x	3.36x	3.17x	3.83x	2.65x	3.00x	3.14x	1.37x	2.53x	2.53x
Quick Ratio	1.48x	3.16x	2.97x	3.48x	2.39x	2.66x	2.79x	1.21x	2.29x	2.29x
Cash Conversion Cycle	157.97	167.63	148.36	247.88	295.9	283.06	286.78	244.36	191.49	172.97
Total Non-Current Liabilities	62.72M	86.2M	106.58M	148.44M	221.84M	980.76M	1.03B	469.05M	2.29B	2.32B
Long-Term Debt	41K	0	-6.79M	0	0	673.97M	677.11M	680.29M	1.83B	1.83B
Capital Lease Obligations	0	0	6.79M	0	20.44M	37.14M	33.55M	41.38M	0	133.85M
Deferred Tax Liabilities	0	0	354K	649K	811K	1K	0	0	0	0
Other Non-Current Liabilities	7.8M	11.79M	18.29M	36.57M	14.87M	21.64M	50.31M	-613.31M	458.4M	1.13B
Total Liabilities	170.67M	252.22M	302.14M	404.77M	640.36M	1.58B	1.79B	2.15B	3.76B	3.53B
Total Debt	41K	0	0	0	20.44M	711.11M	710.66M	1.4B	1.91B	1.83B
Net Debt	-75.06M	-349.46M	-172.25M	-155.44M	-335.89M	357.43M	112.12M	947.12M	708.52M	1.37B
Debt / Equity	0.00x	-	-	-	0.02x	0.56x	0.44x	0.60x	0.59x	0.59x
Debt / EBITDA	0.00x	-	-	-	-	5.72x	3.98x	13.11x	90.57x	18.86x
Net Debt / EBITDA	-3.56x	-9.33x	-27.49x	-	-	2.87x	0.63x	8.85x	33.60x	33.60x
Interest Coverage	-	-	-	-61.91x	-	-	23.45x	54.75x	1.20x	1.18x
Total Equity	167.44M▲ 0%	467.32M▲ 179.1%	543.5M▲ 16.3%	976.25M▲ 79.6%	1.05B▲ 7.3%	1.27B▲ 21.1%	1.62B▲ 27.4%	2.33B▲ 44.1%	3.24B▲ 39.3%	3.53B▲ 0%
Equity Growth %	10.97%	179.09%	16.3%	79.63%	7.33%	21.06%	27.38%	44.06%	39.31%	163.43%
Book Value per Share	3.11	8.07	9.06	15.80	15.83	17.49	21.41	29.63	32.43	42.85
Total Shareholders' Equity	167.44M	467.32M	543.5M	976.25M	1.05B	1.27B	1.61B	2.33B	3.24B	3.53B
Common Stock	1K	1K	1K	1K	1K	1K	1K	1K	1K	1K
Retained Earnings	123.19M	171.38M	172.26M	169.9M	109.88M	257.02M	434.98M	812.01M	936.67M	1.11B
Treasury Stock	-155.95M	-155.95M	-155.95M	-155.95M	-155.95M	-155.95M	-155.95M	-155.95M	0	0
Accumulated OCI	-1.47M	-1.51M	-1.1M	141K	-1.32M	-7.18M	-10.68M	-18.18M	-11.81M	-11.27M
Minority Interest	0	0	0	0	0	0	0	0	0	0

AXON Cash Flow Statement

Axon Enterprise, Inc. (AXON) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	18.49M	63.88M	65.67M	38.48M	124.49M	235.36M	189.26M	408.31M	211.34M	211.34M
Operating CF Margin %	5.38%	15.21%	12.37%	5.65%	14.42%	19.78%	12.13%	19.61%	7.6%	-
Operating CF Growth %	3.15%	245.46%	2.81%	-41.41%	223.52%	89.05%	-19.59%	115.74%	-48.24%	-480.44%
Net Income	5.21M	29.2M	882K	-1.72M	-60.02M	147.14M	174.23M	377.03M	124.66M	206.24M
Depreciation & Amortization	8.04M	10.62M	11.36M	12.47M	18.69M	24.38M	32.64M	48.42M	83.16M	94.07M
Stock-Based Compensation	15.61M	21.88M	78.5M	133.57M	303.33M	106.18M	131.36M	382.6M	634.23M	628.69M
Deferred Taxes	2.64M	-2.45M	-7M	-15.86M	-82.01M	25.57M	-68.23M	-85.1M	-82.68M	-15.89M
Other Non-Cash Items	1.75M	2.45M	6.54M	10.79M	-12.22M	-86.95M	37.63M	-241.97M	-66.29M	-809.47M
Working Capital Changes	-14.76M	2.17M	-24.6M	-100.78M	-43.28M	19.05M	-118.36M	-72.69M	-481.74M	50.64M
Change in Receivables	-35.3M	-67.64M	-48.67M	-122.65M	-245.93M	-73.23M	-172.52M	-245.84M	-505.56M	-65.94M
Change in Inventory	-11.75M	14.8M	-4.9M	-52.16M	-18.27M	-95.99M	-71.9M	607K	-81.95M	-129.68M
Change in Payables	39K	13.51M	4.97M	8.89M	45.3M	80.76M	64.38M	54.52M	286.88M	127.23M
Cash from Investing	19.08M	-9.86M	-240.74M	-356.53M	252.56M	-830.97M	12.48M	-490.57M	-724.93M	-639.65M
Capital Expenditures	-11.44M	-11.7M	-16.34M	-72.87M	-50.28M	-56.11M	-59.63M	-78.78M	-136.26M	-134.52M
CapEx % of Revenue	3.33%	2.78%	3.08%	10.7%	5.82%	4.72%	3.82%	3.78%	4.9%	-
Acquisitions	-10.63M	-4.99M	404K	-7.07M	-22.39M	-2.1M	-21.09M	-621.82M	-646.88M	-1.2B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	24K	6.27M	-404K	95K	43K	287K	-537K	54K	139.92M	329.48M
Cash from Financing	-3.85M	219.35M	-3.94M	299.26M	-174.18M	598.1M	41.31M	-45.44M	1.25B	-153.05M
Debt Issued (Net)	-34K	0	0	0	0	673.77M	0	0	1.14B	-201.94M
Equity Issued (Net)	0	233.99M	0	306.78M	105.51M	124.19M	94.7M	14.58M	489.55M	311.27M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	-74K	0	0	0	0
Other Financing	-3.82M	-14.64M	-3.94M	-7.51M	-279.69M	-199.86M	-53.39M	-60.01M	-378.2M	-262.38M
Net Change in Cash	34.45M▲ 0%	272.59M▲ 691.2%	-178.67M▼ 165.5%	-16.8M▲ 90.6%	200.89M▲ 1295.5%	-886K▼ 100.4%	245.12M▲ 27765.7%	-133.91M▼ 154.6%	746.63M▲ 657.6%	-633.6M▲ 0%
Free Cash Flow	7.05M▲ 0%	52.18M▲ 640.4%	49.33M▼ 5.5%	-34.39M▼ 169.7%	74.22M▲ 315.8%	179.25M▲ 141.5%	128.99M▼ 28.0%	329.53M▲ 155.5%	75.08M▼ 77.2%	19.51M▲ 0%
FCF Margin %	2.05%	12.42%	9.29%	-5.05%	8.6%	15.06%	8.27%	15.82%	2.7%	0.65%
FCF Growth %	-25.61%	640.43%	-5.46%	-169.71%	315.81%	141.53%	-28.04%	155.46%	-77.22%	-94.62%
FCF per Share	0.13	0.90	0.82	-0.56	1.12	2.47	1.71	4.19	0.75	0.75
FCF Conversion (FCF/Net Income)	3.55x	2.19x	74.46x	-22.32x	-2.07x	1.60x	1.08x	1.08x	1.69x	0.09x
Interest Paid	0	0	0	0	0	0	3.51M	3.45M	0	0
Taxes Paid	11.49M	10.61M	3.67M	10.89M	5.11M	10.51M	64.49M	67.84M	0	49.56M

AXON Key Ratios

Axon Enterprise, Inc. (AXON) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	3.27%	9.2%	0.17%	-0.23%	-5.93%	12.7%	12.19%	19.12%	4.48%	6.58%
Return on Invested Capital (ROIC)	9.64%	19.15%	-1.56%	-1.78%	-16.33%	5.98%	7.13%	1.76%	-1.29%	-1.29%
Gross Margin	60.24%	61.56%	57.88%	61.13%	61.51%	61.23%	61.22%	59.61%	59.65%	59.32%
Net Margin	1.51%	6.95%	0.17%	-0.25%	-6.95%	12.37%	11.26%	18.1%	4.49%	6.91%
Debt / Equity	0.00x	-	-	-	0.02x	0.56x	0.44x	0.60x	0.59x	0.59x
Interest Coverage	-	-	-	-61.91x	-	-	23.45x	54.75x	1.20x	1.18x
FCF Conversion	3.55x	2.19x	74.46x	-22.32x	-2.07x	1.60x	1.08x	1.08x	1.69x	0.09x
Revenue Growth	28.17%	22.18%	26.37%	28.28%	26.78%	37.82%	31.16%	33.44%	33.47%	34%

AXON SEC Filings & Documents

Axon Enterprise, Inc. (AXON) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 6, 2026·SEC

Material company update

Apr 10, 2026·SEC

Material company update

Mar 11, 2026·SEC

10-K Annual Reports

FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 7, 2025·SEC

AXON Frequently Asked Questions

Axon Enterprise, Inc. (AXON) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Axon Enterprise, Inc. (AXON) reported $2.98B in revenue for fiscal year 2025. This represents a 87318% increase from $3.4M in 2000.

Axon Enterprise, Inc. (AXON) grew revenue by 33.5% over the past year. This is strong growth.

Yes, Axon Enterprise, Inc. (AXON) is profitable, generating $206.2M in net income for fiscal year 2025 (4.5% net margin).

Dividend & Returns

Axon Enterprise, Inc. (AXON) has a return on equity (ROE) of 4.5%. This is below average, suggesting room for improvement.

Axon Enterprise, Inc. (AXON) generated $19.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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