Axon Enterprise

Industrials Aerospace & Defense Scottsdale, Arizona Last filing Feb 25, 2026 · FY2025

                    Revenue
                    FY2025
                
Not reported
                    
                    No matching line (4 accounts checked)
                    
                    Net income
                    FY2025
                
Not reported
                    
                    No matching line (4 accounts checked)
                    
                    Total assets
                    FY2025
                
$7.0B
                    
                    +56.4%
                    
                    Operating cash flow
                    FY2025
                
$211.3M
                    
                    -48.2%

17 yrs · FY2009–FY2025 6 filed · 0 derived · 3 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

33 accounts · 10 years

Total assets $7.0B

Total liabilities $3.8B

Shareholders equity $3.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	$1.2B 164.1%	$454.8M -24.0%	$598.5M 69.2%	$353.7M -0.7%	$356.3M 129.2%	$155.4M -9.8%	$172.2M -50.7%	$349.5M 365.3%	$75.1M 84.8%	$40.7M
Short Term Investments	$532.6M 0.2%	$531.5M -26.4%	$722.0M 16.3%	$621.0M 616.4%	$86.7M -78.7%	$406.5M 127.7%	$178.5M	$0 -100.0%	$6.9M -85.8%	$48.4M
Accounts Receivable	$777.5M 42.0%	$547.6M 31.1%	$417.7M 16.6%	$358.2M 11.6%	$320.8M 40.0%	$229.2M 56.0%	$146.9M 12.5%	$130.6M 132.9%	$56.1M 42.1%	$39.5M
Inventory	$341.8M 28.8%	$265.3M -1.7%	$269.9M 33.3%	$202.5M 86.3%	$108.7M 20.8%	$90.0M 131.6%	$38.8M 15.1%	$33.8M -25.7%	$45.5M 30.5%	$34.8M
Prepaid Expenses	$277.3M 112.8%	$130.3M 15.5%	$112.8M 54.5%	$73.0M 29.2%	$56.5M 53.3%	$36.9M 5.8%	$34.9M 14.7%	$30.4M 40.1%	$21.7M 56.6%	$13.9M
Other Current Assets	$582.6M 58.4%	$367.9M 33.4%	$275.8M 40.1%	$196.9M 9.1%	$180.4M 182.2%	$63.9M 67.8%	$38.1M 172.9%	$14.0M	$0	—
Total Current Assets	$3.7B 61.6%	$2.3B -4.1%	$2.4B 32.8%	$1.8B 62.7%	$1.1B 13.0%	$982.0M 61.1%	$609.5M 9.2%	$558.2M 172.0%	$205.2M 15.8%	$177.2M
Property,Plant and Equipment	$331.0M 33.8%	$247.3M 23.3%	$200.5M 18.1%	$169.8M 22.7%	$138.5M 31.2%	$105.5M 141.0%	$43.8M 15.5%	$37.9M 21.6%	$31.2M 29.9%	$24.0M
Goodwill	$1.4B 81.0%	$756.8M 1206.1%	$57.9M 28.8%	$45.0M 3.2%	$43.6M 72.9%	$25.2M 0.8%	$25.0M 0.1%	$25.0M 67.4%	$14.9M 43.0%	$10.4M
Intangible Assets	$197.0M 12.5%	$175.2M 796.4%	$19.5M 60.7%	$12.2M -21.4%	$15.5M 63.7%	$9.4M -26.0%	$12.8M -19.9%	$15.9M -15.3%	$18.8M 23.7%	$15.2M
Long Term Investments	$416.8M 25.3%	$332.6M 43.5%	$231.7M -48.8%	$452.8M 294.6%	$114.8M 12.1%	$102.4M 125.0%	$45.5M	$0	—	$234.0K
Deferred Tax Assets	$359.8M 18.2%	$304.3M 32.6%	$229.5M 46.3%	$156.9M 23.3%	$127.2M 177.9%	$45.8M 65.3%	$27.7M 43.1%	$19.3M 22.8%	$15.8M -19.3%	$19.5M
Other Noncurrent Assets	$612.5M 69.7%	$361.0M 19.9%	$300.9M 43.3%	$210.0M 50.8%	$139.3M 25.7%	$110.8M 36.0%	$81.4M 28.8%	$63.2M 21.0%	$52.2M 65.8%	$31.5M
Total Assets	$7.0B 56.4%	$4.5B 30.2%	$3.4B 20.5%	$2.9B 68.9%	$1.7B 22.2%	$1.4B 63.3%	$845.6M 17.5%	$719.5M 112.8%	$338.1M 21.6%	$278.2M
Liabilities
Accounts Payable	$139.1M 93.3%	$72.0M -18.5%	$88.3M 47.4%	$59.9M 86.0%	$32.2M 33.5%	$24.1M -6.7%	$25.9M 70.6%	$15.2M 76.5%	$8.6M -20.0%	$10.7M
Accrued Liabilities	$510.5M 82.9%	$279.2M 48.3%	$188.2M 20.7%	$155.9M 50.4%	$103.7M 73.3%	$59.8M 33.0%	$45.0M 9.5%	$41.1M 74.8%	$23.5M 28.8%	$18.2M
Deferred Revenue	$730.9M 15.4%	$633.6M 23.4%	$513.6M 35.0%	$380.4M 37.8%	$276.1M 65.4%	$166.9M 41.6%	$117.9M 10.1%	$107.0M 52.0%	$70.4M 48.9%	$47.3M
Current Portion of Long Term Debt	$80.6M -88.2%	$680.3M	—	—	—	—	—	—	—	—
Other Current Liabilities	$9.1M -29.2%	$12.9M 31.4%	$9.8M 53.9%	$6.4M -2.8%	$6.5M 20.4%	$5.4M 41.0%	$3.9M 10313.5%	$37.0K -97.9%	$1.8M 0.7%	$1.8M
Total Current Liabilities	$1.5B -12.4%	$1.7B 109.7%	$800.0M 32.7%	$602.6M 44.0%	$418.5M 63.3%	$256.3M 31.1%	$195.6M 17.8%	$166.0M 53.8%	$108.0M 38.3%	$78.0M
Long Term Debt	$1.7B	$0 -100.0%	$677.1M 0.5%	$674.0M	—	—	—	—	—	—
Deferred Revenue Noncurrent	$359.9M -0.2%	$360.7M 28.0%	$281.9M 13.6%	$248.0M 33.5%	$185.7M 67.0%	$111.2M 26.5%	$87.9M 18.2%	$74.4M 35.6%	$54.9M 37.0%	$40.1M
Operating Lease Liabilities Noncurrent	$98.9M 139.1%	$41.4M 23.3%	$33.5M -9.7%	$37.1M 81.7%	$20.4M	—	—	—	—	—
Other Noncurrent Liabilities	$98.5M 47.0%	$67.0M 107.2%	$32.3M 49.4%	$21.6M 45.6%	$14.9M -59.3%	$36.6M 99.9%	$18.3M 55.1%	$11.8M 50.4%	$7.8M -14.6%	$9.2M
Total Liabilities	$3.8B 75.0%	$2.1B 17.7%	$1.8B 15.2%	$1.6B 147.3%	$640.4M 58.2%	$404.8M 34.0%	$302.1M 19.8%	$252.2M 47.8%	$170.7M 34.1%	$127.3M
Equity
Preferred Stock	$0	$0	—	—	—	—	—	$0	$0	$0
Common Stock	$1.0K 0.0%	$1.0K 0.0%	$1.0K 0.0%	$1.0K 0.0%	$1.0K 0.0%	$1.0K 0.0%	$1.0K 0.0%	$1.0K 0.0%	$1.0K 0.0%	$1.0K
Additional Paid In Capital	$2.5B 46.5%	$1.7B 25.4%	$1.3B 14.7%	$1.2B 7.2%	$1.1B 13.8%	$962.2M 82.1%	$528.3M 16.5%	$453.4M 124.8%	$201.7M 7.5%	$187.7M
Retained Earnings	$936.7M 15.4%	$812.0M 88.3%	$431.2M 67.8%	$257.0M 133.9%	$109.9M -35.3%	$169.9M -1.4%	$172.3M 0.5%	$171.4M 39.1%	$123.2M 4.2%	$118.3M
Treasury Stock	$157.2M 0.8%	$155.9M 0.0%	$155.9M 0.0%	$155.9M 0.0%	$155.9M 0.0%	$155.9M 0.0%	$155.9M 0.0%	$155.9M 0.0%	$155.9M 0.0%	$155.9M
Accumulated Other Comprehensive Income	$-11.8M 35.1%	$-18.2M -70.3%	$-10.7M -48.8%	$-7.2M -445.1%	$-1.3M -1034.0%	$141.0K 112.9%	$-1.1M 27.6%	$-1.5M -3.1%	$-1.5M -262.5%	$903.0K
Total Stockholders Equity	$3.2B 39.3%	$2.3B 44.4%	$1.6B 27.1%	$1.3B 21.1%	$1.0B 7.3%	$976.3M 79.6%	$543.5M 16.3%	$467.3M 179.1%	$167.4M 11.0%	$150.9M
Total Liabilitiesand Equity	$7.0B 56.4%	$4.5B 30.2%	$3.4B 20.5%	$2.9B 68.9%	$1.7B 22.2%	$1.4B 63.3%	$845.6M 17.5%	$719.5M 112.8%	$338.1M 21.6%	$278.2M

Income Statement

Revenue, expense, and profitability

4 accounts · 10 years

Revenue Not reported

Operating income Not reported

Net income Not reported

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
net Income Comprehensive Income	$131.0M -64.5%	$369.5M 116.4%	$170.7M 20.8%	$141.3M 329.8%	$-61.5M -12523.4%	$-487.0K -137.5%	$1.3M -95.5%	$29.2M 927.8%	$2.8M -84.3%	$18.1M
Earnings Per Share Basic Eps	$2 -67.9%	$5 111.9%	$2 13.5%	$2 327.5%	$-1 -2933.3%	$-0 -400.0%	$0 -98.1%	$1 420.0%	$0 -69.7%	$0
Earnings Per Share Diluted Eps	$2 -68.5%	$5 107.8%	$2 13.8%	$2 323.1%	$-1 -2933.3%	$-0 -400.0%	$0 -98.0%	$0 400.0%	$0 -68.8%	$0
Earnings Per Share Weighted Average Shares Diluted	$82.4M 4.9%	$78.6M 4.1%	$75.5M 4.0%	$72.5M 9.6%	$66.2M 7.1%	$61.8M 2.9%	$60.0M 3.6%	$57.9M 7.5%	$53.9M 0.7%	$53.5M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $211.3M

Investing cash flow $-724.9M

Financing cash flow $1.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	$124.7M -66.9%	$377.0M 114.5%	$175.8M 19.5%	$147.1M 345.2%	$-60.0M -3381.3%	$-1.7M -295.5%	$882.0K -97.0%	$29.2M 460.9%	$5.2M -69.9%	$17.3M
Operating Activities Depreciation and Amortization	$83.2M 71.7%	$48.4M 150.7%	$19.3M -15.7%	$22.9M -4.2%	$23.9M 51.1%	$15.8M 39.2%	$11.4M 7.0%	$10.6M 32.0%	$8.0M 63.3%	$4.9M
Operating Activities Stock Based Compensation	$634.2M 65.8%	$382.6M 191.3%	$131.4M 23.7%	$106.2M -65.0%	$303.3M 127.1%	$133.6M 70.2%	$78.5M 258.8%	$21.9M 40.2%	$15.6M 96.8%	$7.9M
Operating Activities Deferred Income Taxes	$-82.7M 2.8%	$-85.1M -17.4%	$-72.5M -383.6%	$25.6M 131.2%	$-82.0M -417.2%	$-15.9M -126.4%	$-7.0M -186.1%	$-2.4M -192.8%	$2.6M 157.6%	$-4.6M
Operating Activities Changes In Operating Assets and Liabilities	$-481.7M -562.8%	$-72.7M 41.8%	$-124.8M -755.1%	$19.1M 144.0%	$-43.3M 57.1%	$-100.8M -309.7%	$-24.6M -1233.5%	$2.2M 114.7%	$-14.8M -194.7%	$-5.0M
Operating Activities Other Non Cash Items	$-66.3M 72.6%	$-242.0M -502.5%	$60.1M 170.3%	$-85.5M -390.3%	$-17.4M -334.1%	$7.4M 13.9%	$6.5M 166.4%	$2.5M 40.1%	$1.8M 200.5%	$583.0K
Operating Activities net Cash From Operating Activities	$211.3M -48.2%	$408.3M 115.7%	$189.3M -19.6%	$235.4M 89.1%	$124.5M 223.5%	$38.5M -41.4%	$65.7M 2.8%	$63.9M 245.8%	$18.5M -12.6%	$21.1M
Investing Activities Capital Expenditures	$-136.3M -72.9%	$-78.8M -32.1%	$-59.6M -6.9%	$-55.8M -11.9%	$-49.9M 31.3%	$-72.6M -355.7%	$-15.9M -43.1%	$-11.1M -6.9%	$-10.4M -110.2%	$-5.0M
Investing Activities Business Acquisitions	$-646.9M -4.0%	$-621.8M -2848.4%	$-21.1M -902.4%	$-2.1M 90.6%	$-22.4M	—	$0 100.0%	$-5.0M 53.1%	$-10.6M -203.7%	$-3.5M
Investing Activities Purchases of Investments	$-2.1B -161.7%	$-793.4M -40.8%	$-563.7M 32.8%	$-838.6M -105.6%	$-408.0M 38.5%	$-663.6M -87.2%	$-354.5M -8084.6%	$-4.3M 78.3%	$-19.9M 64.4%	$-56.1M
Investing Activities Proceeds From Sale of Investments	$2.1B 112.7%	$1.0B 52.6%	$657.4M 811.3%	$72.1M -90.2%	$733.2M 93.0%	$379.8M 192.0%	$130.1M 1065.8%	$11.2M -81.7%	$61.1M -6.0%	$65.0M
Investing Activities Other Investing Activities	$-49.0K -190.7%	$54.0K 110.1%	$-537.0K 91.8%	$-6.6M -1784.0%	$-349.0K -139.0%	$-146.0K 63.9%	$-404.0K 27.6%	$-558.0K 44.2%	$-1.0M 71.0%	$-3.5M
Investing Activities net Cash From Investing Activities	$-724.9M -47.8%	$-490.6M -4032.1%	$12.5M 101.5%	$-831.0M -429.0%	$252.6M 170.8%	$-356.5M -48.1%	$-240.7M -2341.6%	$-9.9M -151.7%	$19.1M 726.7%	$-3.0M
Financing Activities Proceeds From Debt	$1.8B	$0	$0 -100.0%	$673.8M	—	—	—	—	—	—
Financing Activities Repayment of Debt	$-608.9M	$0	$0	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	$489.6M 3258.6%	$14.6M -90.2%	$149.2M 201732.4%	$-74.0K -100.0%	$157.1M -48.8%	$307.1M 269263.2%	$114.0K -100.0%	$235.8M 16946.3%	$1.4M 189.3%	$478.0K
Financing Activities Tax Withholding On Stock Based Compensation	$-351.0M -503.3%	$-58.2M 46.1%	$-107.9M -2115.5%	$-4.9M 98.5%	$-331.3M -4142.7%	$-7.8M -92.8%	$-4.1M 71.3%	$-14.1M -309.1%	$-3.5M -933.8%	$-334.0K
Financing Activities Other Financing Activities	$-27.2M -1383.3%	$-1.8M	$0 100.0%	$-70.7M	—	—	$0 100.0%	$-2.3M -30.0%	$-1.8M -83.8%	$-952.0K
Financing Activities net Cash From Financing Activities	$1.3B 2856.5%	$-45.4M -210.0%	$41.3M -93.1%	$598.1M 443.4%	$-174.2M -158.2%	$299.3M 7701.3%	$-3.9M -101.8%	$219.3M 5842.1%	$-3.8M 88.9%	$-34.6M
Cash Reconciliation Effect of Exchange Rate On Cash	$7.8M 224.9%	$-6.2M -400.7%	$2.1M 161.1%	$-3.4M -70.5%	$-2.0M -200.3%	$2.0M 500.6%	$329.0K 142.5%	$-774.0K -205.0%	$737.0K -18.7%	$906.0K
Cash Reconciliation net Change In Cash	$746.6M 657.6%	$-133.9M -154.6%	$245.1M 27765.7%	$-886.0K -100.4%	$200.9M 1295.5%	$-16.8M 90.6%	$-178.7M -165.5%	$272.6M 690.8%	$34.5M 321.6%	$-15.6M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Net margin	—	—	—	—	—	—	—	—	—	—
FCF margin	—	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	—	—	—	—	—	—	—	—	—	—
Returns
ROE	—	—	—	—	—	—	—	—	—	—
ROA	—	—	—	—	—	—	—	—	—	—
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	2.53x	1.37x	3.00x	3.00x	2.65x	3.83x	3.12x	3.36x	1.90x	2.27x
Quick ratio	1.35x	0.60x	1.27x	1.18x	1.62x	1.50x	1.63x	2.89x	1.22x	1.03x
Leverage
D/E	1.16x	0.92x	1.13x	1.25x	0.61x	0.41x	0.56x	0.54x	1.02x	0.84x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	—	—	—	—	—	—	—	—	—	—
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

Valuation

Price against fundamentals

AXON $752 · 2025-09-17 · 409d old · FY2025

Market cap $61.9B

P/E —

P/S —

P/B 19.10x

EV $62.5B

EV/EBITDA —

FCF yield +0.1%

Dividend yield —

Notes

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