Axon Enterprise, Inc. (AXON)

Axon Enterprise Income Statement

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

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

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q