Axon Enterprise, Inc. (AXON)

Axon Enterprise Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,392	2,083	1,561	1,187	863.38	681
Revenue Growth (YoY)	32.41%	33.43%	31.47%	37.50%	26.78%	28.28%
Cost of Revenue	942.81	840.54	605.25	461.03	322.47	264.67
Gross Profit	1,449	1,242	955.45	726.11	540.91	416.33
Selling, General & Admin	865.13	723.55	492.28	399.33	518.68	309.08
Research & Development	562.65	441.59	303.72	233.81	190.35	120.2
Operating Expenses	1,429	1,165	796	633.14	709.03	429.28
Operating Income	19.51	76.85	159.45	92.97	-168.12	-12.95
Interest Expense	-39.98	-7.1	-7	-	-	-
Interest & Investment Income	53.77	43.69	49.11	4.29	1.48	-
Currency Exchange Gain (Loss)	2.19	3.46	-0.5	-	-	-
Other Non Operating Income (Expenses)	0.56	-0.31	0.39	98.97	25.27	7.86
EBT Excluding Unusual Items	36.05	116.6	201.45	196.24	-141.38	-5.09
Merger & Restructuring Charges	-21.02	-18.31	-2.6	-	-	-
Gain (Loss) on Sale of Investments	247.27	283.22	-41.79	-	-	-
Asset Writedown	-	-	-	-	-	-1.2
Pretax Income	233.64	381.5	157.06	196.24	-141.38	-6.29
Income Tax Expense	-92.66	4.47	-18.72	49.31	-81.36	-4.57
Net Income	326.31	377.03	175.78	146.93	-60.02	-1.72
Net Income to Common	326.31	377.03	175.78	146.93	-60.02	-1.72
Net Income Growth	11.35%	114.49%	19.64%	-	-	-
Shares Outstanding (Basic)	77	76	74	71	66	62
Shares Outstanding (Diluted)	81	79	75	73	66	62
Shares Change (YoY)	5.30%	4.11%	4.03%	9.58%	7.14%	2.94%
EPS (Basic)	4.25	4.98	2.37	2.07	-0.91	-0.03
EPS (Diluted)	4.04	4.80	2.33	2.03	-0.91	-0.03
EPS Growth	5.86%	106.01%	14.78%	-	-	-
Free Cash Flow	176.49	329.53	129.63	179.56	74.61	-34.15
Free Cash Flow Per Share	2.19	4.20	1.72	2.48	1.13	-0.55
Gross Margin	60.58%	59.64%	61.22%	61.17%	62.65%	61.13%
Operating Margin	0.82%	3.69%	10.22%	7.83%	-19.47%	-1.90%
Profit Margin	13.64%	18.11%	11.26%	12.38%	-6.95%	-0.25%
Free Cash Flow Margin	7.38%	15.82%	8.31%	15.13%	8.64%	-5.01%
EBITDA	86.81	125.27	178.77	116.09	-149.43	-0.48
EBITDA Margin	3.63%	6.02%	11.45%	9.78%	-17.31%	-0.07%
D&A For EBITDA	67.29	48.43	19.32	23.12	18.69	12.48
EBIT	19.51	76.85	159.45	92.97	-168.12	-12.95
EBIT Margin	0.82%	3.69%	10.22%	7.83%	-19.47%	-1.90%
Effective Tax Rate	-	1.17%	-	25.13%	-	-
Revenue as Reported	2,392	2,083	1,561	1,187	863.38	681
Advertising Expenses	-	4.4	1.9	2.3	2.6	1.3

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

SEC Filings: 10-K · 10-Q