Axon Enterprise revenue and financials
$418.62Change from previous close: +1.65%Absolute change: +$6.81
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%.
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.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 20.1 | -31.5 | 217 | 60.0 | -91.7 | 25.8 | 250 | 91.3 | 82.8 | -15.9 | 140 | 62.9 |
| Depreciation and amortization | 32.5 | 30.4 | 26.9 | 19.6 | 17.2 | 19.5 | 17.7 | 13.0 | 10.4 | 7.4 | 6.5 | -1.3 |
| Capital expenditure | -21.0 | -23.1 | -61.8 | -26.6 | -23.0 | -24.9 | -24.8 | -26.5 | -11.3 | -16.2 | -24.0 | -14.0 |
| Investing cash flow | 151 | -617 | -226 | 590 | -387 | -702 | -442 | 43.1 | 82.1 | -174 | 53.2 | -122 |
| Financing cash flow | -30.3 | -92.3 | -216 | 159 | -4.4 | 1,313 | -32.8 | -7.7 | -2.2 | -2.7 | -3.8 | -7.1 |
| Share repurchases | -130 | -10.2 | -141 | -16.8 | -188 | -5.0 | -35.9 | -17.4 | -2.2 | -2.7 | -3.8 | -7.1 |
| Debt issued | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1,750 | — | — | — | — | — | — |
| Debt repaid | 0.0 | -81.1 | -201 | -0.0 | -0.5 | -407 | — | — | — | — | — | — |
| Effect of exchange rates | -2.5 | -1.5 | 2.0 | -0.8 | 5.3 | 1.2 | -6.3 | 2.2 | -0.1 | -2.0 | 3.3 | -2.0 |
| Net change in cash | 138 | -742 | -223 | 809 | -477 | 638 | -231 | 129 | 163 | -195 | 193 | -68.2 |
| Free cash flow | -1.0 | -54.6 | 155 | 33.4 | -115 | 0.9 | 225 | 64.8 | 71.4 | -32.1 | 116 | 48.9 |
| Levered free cash flow | 47.1 | -72.0 | 246 | -2.0 | -113 | 96.0 | 253 | 14.0 | 109 | 4.9 | 86.3 | 50.0 |