Axon Enterprise Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,558	2,083	1,561	1,187	863.38	681
Revenue Growth (YoY)	32.01%	33.43%	31.47%	37.50%	26.78%	28.28%
Cost of Revenue	1,014	840.54	605.25	461.03	322.47	264.67
Gross Profit	1,544	1,242	955.45	726.11	540.91	416.33
Selling, General & Admin	921.74	723.55	492.28	399.33	518.68	309.08
Research & Development	624.85	441.59	303.72	233.81	190.35	120.2
Operating Expenses	1,547	1,165	796	633.14	709.03	429.28
Operating Income	-2.7	76.85	159.45	92.97	-168.12	-12.95
Interest Expense	-67.24	-7.1	-7	-	-	-
Interest & Investment Income	65.08	43.69	49.11	4.29	1.48	-
Currency Exchange Gain (Loss)	2.27	3.46	-0.5	-	-	-
Other Non Operating Income (Expenses)	0.34	-0.31	0.39	98.97	25.27	7.86
EBT Excluding Unusual Items	-2.25	116.6	201.45	196.24	-141.38	-5.09
Merger & Restructuring Charges	-25.02	-18.31	-2.6	-	-	-
Gain (Loss) on Sale of Investments	225.71	283.22	-41.79	-	-	-
Asset Writedown	-	-	-	-	-	-1.2
Pretax Income	169.78	381.5	157.06	196.24	-141.38	-6.29
Income Tax Expense	-87.32	4.47	-18.72	49.31	-81.36	-4.57
Net Income	257.1	377.03	175.78	146.93	-60.02	-1.72
Net Income to Common	257.1	377.03	175.78	146.93	-60.02	-1.72
Net Income Growth	-13.99%	114.49%	19.64%	-	-	-
Shares Outstanding (Basic)	77	76	74	71	66	62
Shares Outstanding (Diluted)	82	79	75	73	66	62
Shares Change (YoY)	6.15%	4.11%	4.03%	9.58%	7.14%	2.94%
EPS (Basic)	3.32	4.98	2.37	2.07	-0.91	-0.03
EPS (Diluted)	3.13	4.80	2.33	2.03	-0.91	-0.03
EPS Growth	-19.19%	106.01%	14.78%	-	-	-
Free Cash Flow	145.02	329.53	129.63	179.56	74.61	-34.15
Free Cash Flow Per Share	1.77	4.20	1.72	2.48	1.13	-0.55
Gross Margin	60.36%	59.64%	61.22%	61.17%	62.65%	61.13%
Operating Margin	-0.10%	3.69%	10.22%	7.83%	-19.47%	-1.90%
Profit Margin	10.05%	18.11%	11.26%	12.38%	-6.95%	-0.25%
Free Cash Flow Margin	5.67%	15.82%	8.31%	15.13%	8.64%	-5.01%
EBITDA	71.2	125.27	178.77	116.09	-149.43	-0.48
EBITDA Margin	2.78%	6.02%	11.45%	9.78%	-17.31%	-0.07%
D&A For EBITDA	73.9	48.43	19.32	23.12	18.69	12.48
EBIT	-2.7	76.85	159.45	92.97	-168.12	-12.95
EBIT Margin	-0.10%	3.69%	10.22%	7.83%	-19.47%	-1.90%
Effective Tax Rate	-	1.17%	-	25.13%	-	-
Revenue as Reported	2,558	2,083	1,561	1,187	863.38	681
Advertising Expenses	-	4.4	1.9	2.3	2.6	1.3

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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