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.

Symbol
AXON
Exchange
Nasdaq
Sector
Industrials
Industry
Aerospace & Defense
Market cap
$33.58B
52 week range
339.01 - 764.02

Valuation

Share price
$413.35 (close of 2026-10-02)
P/E (TTM)
166.67x
Price to book
9.14x
Price to free cash flow
252.11x
Enterprise value
$34.72B
Book value per share
$45.23

Price performance

PeriodChange
1 day-2.10%
5 days-3.90%
1 month-18.47%
3 months-30.77%
6 months+0.13%
Year to date-27.22%
1 year-42.63%
3 years+110.73%
5 years+131.22%
10 years+1344.77%
All time+89758.70%

Members of Congress who disclosed AXON trades

Jefferson Shreve · Markwayne Mullin · Alan Armstrong · Robert Bresnahan

Super investors holding AXON

Ken Griffin (Citadel)

Profitability and growth

Return on equity
3.84%
Return on invested capital
-0.90%
Return on assets
1.78%
Return on capital employed
-1.12%
Gross margin
59.65%
Net margin
4.48%
EBITDA margin
0.76%
Revenue growth
33.47%
Net income growth
-66.94%
Free cash flow growth
-77.22%

Cash flow and balance sheet

Free cash flow yield (TTM)
0.40%
Current ratio
2.15x
Net debt to EBITDA
2.81x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$2.78B
Cost of revenue
$1.12B
Gross profit
$1.66B
EBITDA
$21.09M
Net income
$124.66M
Earnings per share
$1.60
Research and development
$684.31M
Shares outstanding
78.08M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$2.78B$1.66B$124.66M$1.60
2024-12-31$2.08B$1.24B$377.03M$4.98
2023-12-31$1.56B$955.45M$175.78M$2.37
2022-12-31$1.19B$726.11M$146.93M$2.07
2021-12-31$863.38M$540.91M-$60.02M$-0.91
2020-12-31$681.00M$416.33M-$1.72M$-0.03
2019-12-31$530.86M$307.29M$882.00K$0.01
2018-12-31$420.07M$258.58M$29.20M$0.52
2017-12-31$343.80M$207.09M$5.21M$0.10
2016-12-31$268.25M$170.54M$17.30M$0.33

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3159.65%4.48%3.84%-0.90%
2024-12-3159.61%18.10%16.20%2.39%
2023-12-3161.22%11.26%10.88%14.47%
2022-12-3161.16%12.38%11.56%4.44%
2021-12-3162.65%-6.95%-5.71%-12.28%
2020-12-3161.13%-0.25%-0.18%-2.18%
2019-12-3157.88%0.17%0.16%-3.14%
2018-12-3161.56%6.95%6.25%21.08%
2017-12-3160.24%1.51%3.11%7.62%
2016-12-3163.57%6.45%11.46%28.55%

Cash and debt by year

Period endCashDebt
2025-12-31$1.71B$1.73B
2024-12-31$788.08M-
2023-12-31$1.24B$677.11M
2022-12-31$935.45M-
2021-12-31$370.84M-
2020-12-31$561.97M-
2019-12-31$350.78M-
2019-01-01$349.46M-
2018-12-31$349.46M-
2018-01-01$81.97M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$75.08M$634.23M
2024-12-31$329.53M$382.60M
2023-12-31$129.63M$131.36M
2022-12-31$179.56M$106.18M
2021-12-31$74.61M$303.33M
2020-12-31-$34.15M$133.57M
2019-12-31$49.73M$78.50M
2018-12-31$52.74M$21.88M
2017-12-31$8.05M$15.61M
2016-12-31$16.18M$9.37M

Investor relations

Next earnings report

Next confirmed report
2026-11-03
Consensus EPS estimate
$0.48

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-05Jun/2026$0.30
2026-05-06--
2026-02-24--
2025-11-04--
2025-08-04--
2025-05-07--
2025-02-25--
2024-11-07--

Filings and sources

Company website
axon.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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