AXON ENTERPRISE, INC. (AXON)
Axon Enterprise, Inc. provides public safety technology solutions in the United States and internationally. The company operates in two segments, Software and Services, and Connected Devices. The Software and Services segment develops, manufactures, and sells cloud-based software-as-a-service solutions to capture, store, manage, share, and analyze video and other digital evidence. This segment also offers Axon Evidence, Draft One, Axon Records, Axon Standards, Axon Fusus, Axon Assistant, and others. The Connected Devices segment engages in the development, manufacture, and sale of integrated hardware solutions, such as conducted energy devices under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, accessories, extended warranties, and related hardware products, as well as virtual reality training hardware. The company serves first responders across international, federal, state, and local governments, international governmental entities, commercial enterprises, and consumers through direct sales, distribution partners, and third-party resellers. 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.
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- AXON
- SEC CIK
- 0001069183
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Periods
- FY2025 Q1, FY2026, FY2026 Q1, FY2026 Q3, FY2027
- Headquarters
- Scottsdale, AZ
- Employees
- 5,100
Key figures
- Revenue 807.00M USD
- NetIncome 133.00M USD
- DilutedEPS 2.05 USD/share
Reported figures
- CapitalExpenditure 23.12M USD
- CashAndEquivalents 731.00M USD
- CostOfRevenue 330.00M USD
- DilutedEPS 1.47 USD/share
- DilutedEPS 1.61 USD/share
- DilutedEPS 2.05 USD/share
- EBITDA 202.00M USD
- EBITDAMargin 25 percent
- FreeCashFlow -54.64M USD
- FreeCashFlow -55.00M USD
- GrossMargin 59.1 percent
- GrossMargin 61.6 percent
- InterestExpense 28.64M USD
- NetIncome 119.80M USD
- NetIncome 133.00M USD
- NetIncome 169.00M USD
- NetIncome 88.00M USD
- OperatingCashFlow -32.00M USD
- OperatingCashFlow 26.00M USD
- OperatingIncome 29.00M USD
- OperatingMargin 21 percent
- OtherMetric 1.00B USD
- OtherMetric 1.50B USD
- OtherMetric 111.00M USD
- OtherMetric 125 percent
- OtherMetric 453.00M USD
- ResearchAndDevelopmentExpense 189.00M USD
- Revenue 807.00M USD
- SellingGeneralAndAdministrativeExpense 259.00M USD
- ServiceRevenue 355.00M USD
- TotalDebt 1.80B USD
Guidance
- CapitalExpenditure guidance 160.00M–190.00M USD
- EBITDAMargin guidance 25.5 percent
- FreeCashFlow guidance 450.00M USD
- OperatingCashFlow guidance 600.00M USD
- OtherMetric guidance 590.00M–620.00M USD
- Revenue guidance 30–32 percent
Drivers
- AI Era Plan product revenue up over 700% year over year
- Adjusted EBITDA increase driven by higher revenue and partially offset by continued invest
- Connected Devices gross margin year over year decline primarily driven by global tariffs a
- Counter-drone product revenue up over 300% year over year
- Dedrone revenue increased 300% year over year
- Net income increase driven by higher operating income and other income
- Non-GAAP net income increase primarily driven by higher revenue
- Operating cash outflow primarily driven by increased inventory investments to support rapi
- Platform Solutions accelerated overall growth, contributing $111 million and increasing 95
- Software & Services gross margin decrease primarily driven by higher professional service
- Software & Services revenue growth driven by new users and increased adoption of premium s
- TASER 10 and Axon Body 4 continue to see strong demand as customers scale deployments
- Year over year decline in gross margin primarily driven by global tariffs and stronger mix
Risks
- Ability of law enforcement agencies to obtain funding, including based on tax revenues
- Ability to manage supply chain and avoid production delays, shortages and impacts to expec
- Changes in the costs of product components and labor
- Delayed cash collections and possible credit losses due to subscription model
- Exposure to cancellations of government contracts due to non-appropriation clauses, exerci
- Impact of catastrophic events or public health emergencies
- Impact of declines in the fair values or impairment of investments, including strategic in
- Impacts of inflation, macroeconomic conditions and global events
- Loss of customer data, a breach of security or an extended outage, including by third-part
Quotes
- “Axon's customers are being asked to do more with greater transparency and higher…”