Axon Enterprise Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,780	2,083	1,561	1,187	863.38
Revenue Growth (YoY)	33.47%	33.43%	31.47%	37.50%	26.78%
Cost of Revenue	1,117	840.54	605.25	461.03	322.47
Gross Profit	1,663	1,242	955.45	726.11	540.91
Selling, General & Admin	1,007	741.25	494.88	399.33	518.68
Research & Development	683.2	441.59	303.72	233.81	190.35
Other Operating Expenses	2.07	-	-	-	-
Operating Expenses	1,692	1,183	798.6	633.14	709.03
Operating Income	-29.65	59.15	156.85	92.97	-168.12
Interest Expense	-94.24	-7.1	-7	-	-
Interest & Investment Income	75.43	43.69	49.11	4.29	1.48
Currency Exchange Gain (Loss)	-1.45	3.46	-	-	-
Other Non Operating Income (Expenses)	-38.66	-0.31	-41.9	98.97	25.27
EBT Excluding Unusual Items	-88.57	98.9	157.06	196.24	-141.38
Merger & Restructuring Charges	-0.61	-0.61	-	-	-
Gain (Loss) on Sale of Investments	139.97	283.22	-	-	-
Other Unusual Items	-31.82	-	-	-	-
Pretax Income	18.97	381.5	157.06	196.24	-141.38
Income Tax Expense	-105.68	4.47	-18.72	49.31	-81.36
Net Income	124.66	377.03	175.78	146.93	-60.02
Net Income to Common	124.66	377.03	175.78	146.93	-60.02
Net Income Growth	-66.94%	114.49%	19.64%	-	-
Shares Outstanding (Basic)	78	76	74	71	66
Shares Outstanding (Diluted)	82	79	75	73	66
Shares Change (YoY)	4.85%	4.11%	4.03%	9.58%	7.14%
EPS (Basic)	1.60	4.98	2.37	2.07	-0.91
EPS (Diluted)	1.51	4.80	2.33	2.03	-0.91
EPS Growth	-68.54%	106.01%	14.78%	-	-
Free Cash Flow	75.08	329.53	129.63	179.56	74.61
Free Cash Flow Per Share	0.91	4.20	1.72	2.48	1.13
Gross Margin	59.82%	59.64%	61.22%	61.17%	62.65%
Operating Margin	-1.07%	2.84%	10.05%	7.83%	-19.47%
Profit Margin	4.49%	18.11%	11.26%	12.38%	-6.95%
Free Cash Flow Margin	2.70%	15.82%	8.31%	15.13%	8.64%
EBITDA	53.51	107.57	176.17	116.09	-149.43
EBITDA Margin	1.93%	5.17%	11.29%	9.78%	-17.31%
D&A For EBITDA	83.16	48.43	19.32	23.12	18.69
EBIT	-29.65	59.15	156.85	92.97	-168.12
EBIT Margin	-1.07%	2.84%	10.05%	7.83%	-19.47%
Effective Tax Rate	-	1.17%	-	25.13%	-
Revenue as Reported	2,780	2,083	1,561	1,187	863.38
Advertising Expenses	-	-	-	2.3	2.6

Updated Feb 24, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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