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 · 5 years

Total assets $7.0B

Total liabilities $3.8B

Shareholders equity $3.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$1.2B 164.1%	$454.8M -24.0%	$598.5M 69.2%	$353.7M -0.7%	$356.3M
Short Term Investments	$532.6M 0.2%	$531.5M -26.4%	$722.0M 16.3%	$621.0M 616.4%	$86.7M
Accounts Receivable	$777.5M 42.0%	$547.6M 31.1%	$417.7M 16.6%	$358.2M 11.6%	$320.8M
Inventory	$341.8M 28.8%	$265.3M -1.7%	$269.9M 33.3%	$202.5M 86.3%	$108.7M
Prepaid Expenses	$277.3M 112.8%	$130.3M 15.5%	$112.8M 54.5%	$73.0M 29.2%	$56.5M
Other Current Assets	$582.6M 58.4%	$367.9M 33.4%	$275.8M 40.1%	$196.9M 9.1%	$180.4M
Total Current Assets	$3.7B 61.6%	$2.3B -4.1%	$2.4B 32.8%	$1.8B 62.7%	$1.1B
Property,Plant and Equipment	$331.0M 33.8%	$247.3M 23.3%	$200.5M 18.1%	$169.8M 22.7%	$138.5M
Goodwill	$1.4B 81.0%	$756.8M 1206.1%	$57.9M 28.8%	$45.0M 3.2%	$43.6M
Intangible Assets	$197.0M 12.5%	$175.2M 796.4%	$19.5M 60.7%	$12.2M -21.4%	$15.5M
Long Term Investments	$416.8M 25.3%	$332.6M 43.5%	$231.7M -48.8%	$452.8M 294.6%	$114.8M
Deferred Tax Assets	$359.8M 18.2%	$304.3M 32.6%	$229.5M 46.3%	$156.9M 23.3%	$127.2M
Other Noncurrent Assets	$612.5M 69.7%	$361.0M 19.9%	$300.9M 43.3%	$210.0M 50.8%	$139.3M
Total Assets	$7.0B 56.4%	$4.5B 30.2%	$3.4B 20.5%	$2.9B 68.9%	$1.7B
Liabilities
Accounts Payable	$139.1M 93.3%	$72.0M -18.5%	$88.3M 47.4%	$59.9M 86.0%	$32.2M
Accrued Liabilities	$510.5M 82.9%	$279.2M 48.3%	$188.2M 20.7%	$155.9M 50.4%	$103.7M
Deferred Revenue	$730.9M 15.4%	$633.6M 23.4%	$513.6M 35.0%	$380.4M 37.8%	$276.1M
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
Total Current Liabilities	$1.5B -12.4%	$1.7B 109.7%	$800.0M 32.7%	$602.6M 44.0%	$418.5M
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
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
Total Liabilities	$3.8B 75.0%	$2.1B 17.7%	$1.8B 15.2%	$1.6B 147.3%	$640.4M
Equity
Preferred Stock	$0	$0	—	—	—
Common Stock	$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
Retained Earnings	$936.7M 15.4%	$812.0M 88.3%	$431.2M 67.8%	$257.0M 133.9%	$109.9M
Treasury Stock	$157.2M 0.8%	$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
Total Stockholders Equity	$3.2B 39.3%	$2.3B 44.4%	$1.6B 27.1%	$1.3B 21.1%	$1.0B
Total Liabilitiesand Equity	$7.0B 56.4%	$4.5B 30.2%	$3.4B 20.5%	$2.9B 68.9%	$1.7B

Income Statement

Revenue, expense, and profitability

4 accounts · 5 years

Revenue Not reported

Operating income Not reported

Net income Not reported

Account	2025	2024	2023	2022	2021
IncomeStatement
net Income Comprehensive Income	$131.0M -64.5%	$369.5M 116.4%	$170.7M 20.8%	$141.3M 329.8%	$-61.5M
Earnings Per Share Basic Eps	$2 -67.9%	$5 111.9%	$2 13.5%	$2 327.5%	$-1
Earnings Per Share Diluted Eps	$2 -68.5%	$5 107.8%	$2 13.8%	$2 323.1%	$-1
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

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $211.3M

Investing cash flow $-724.9M

Financing cash flow $1.3B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$124.7M -66.9%	$377.0M 114.5%	$175.8M 19.5%	$147.1M 345.2%	$-60.0M
Operating Activities Depreciation and Amortization	$83.2M 71.7%	$48.4M 150.7%	$19.3M -15.7%	$22.9M -4.2%	$23.9M
Operating Activities Stock Based Compensation	$634.2M 65.8%	$382.6M 191.3%	$131.4M 23.7%	$106.2M -65.0%	$303.3M
Operating Activities Deferred Income Taxes	$-82.7M 2.8%	$-85.1M -17.4%	$-72.5M -383.6%	$25.6M 131.2%	$-82.0M
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
Operating Activities Other Non Cash Items	$-66.3M 72.6%	$-242.0M -502.5%	$60.1M 170.3%	$-85.5M -390.3%	$-17.4M
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
Investing Activities Capital Expenditures	$-136.3M -72.9%	$-78.8M -32.1%	$-59.6M -6.9%	$-55.8M -11.9%	$-49.9M
Investing Activities Business Acquisitions	$-646.9M -4.0%	$-621.8M -2848.4%	$-21.1M -902.4%	$-2.1M 90.6%	$-22.4M
Investing Activities Purchases of Investments	$-2.1B -161.7%	$-793.4M -40.8%	$-563.7M 32.8%	$-838.6M -105.6%	$-408.0M
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
Investing Activities Other Investing Activities	$-49.0K -190.7%	$54.0K 110.1%	$-537.0K 91.8%	$-6.6M -1784.0%	$-349.0K
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
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
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
Financing Activities Other Financing Activities	$-27.2M -1383.3%	$-1.8M	$0 100.0%	$-70.7M	—
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
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
Cash Reconciliation net Change In Cash	$746.6M 657.6%	$-133.9M -154.6%	$245.1M 27765.7%	$-886.0K -100.4%	$200.9M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
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
Quick ratio	1.35x	0.60x	1.27x	1.18x	1.62x
Leverage
D/E	1.16x	0.92x	1.13x	1.25x	0.61x
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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