Axon Enterprise revenue and financials

AXON · NASDAQ · USD

$411.81−0.37%−$1.54

Close · October 5, 2026

In the fiscal year ended December 2025, Axon Enterprise reported revenue of $2.78B (+33.47% year over year). Net income was $124.66M, a net margin of 4.5%.

Annual revenue · 2025: $2.78B

$268.25M2016
$343.8M2017
$420.07M2018
$530.86M2019
$681M2020
$863.38M2021
$1.19B2022
$1.56B2023
$2.08B2024
$2.78B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +33.47%; 2025 vs 2024
Net income growth: −66.94%; 2025 vs 2024
Net margin: 4.5%; 2024: 18.1%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	2,780	2,083	1,563	1,190	863	681	531	420	344	268
Cost of revenue	1,121	841	608	461	322	265	224	161	137	97.7
Gross profit	1,658	1,241	955	729	541	416	307	259	207	171
Selling, general and administrative	1,036	741	495	399	—	—	—	—	—	—
Research and development	684	442	304	234	194	123	101	76.9	55.4	30.6
Operating income	-62.1	58.5	155	93.3	-168	-14.2	-6.4	24.8	13.0	31.9
EBIT	113	389	164	93.0	—	—	—	—	—	—
EBITDA	196	437	183	116	—	—	—	—	—	—
Interest expense	94.2	7.1	7.0	0.5	—	—	—	—	—	—
Pre-tax income	19.0	382	157	196	—	—	—	—	—	—
Income tax	-106	4.5	-19.2	49.4	-81.4	-4.6	1.2	-1.1	10.6	14.2
Net income	125	377	174	147	-60.0	-1.7	0.9	29.2	5.2	17.3
Net income to common shareholders	125	377	176	147	—	—	—	—	—	—
Basic EPS	1.60	4.98	2.35	2.07	-0.91	-0.03	0.01	0.52	0.10	0.33
Diluted EPS	1.51	4.80	2.31	2.03	-0.91	-0.03	0.01	0.50	0.10	0.32
Average shares (basic)	78.1	75.7	74.2	71.1	—	—	—	—	—	—
Average shares (diluted)	82.4	78.6	75.5	72.5	66.2	61.8	60.0	57.9	53.9	53.5