Axon Enterprise, Inc. (AXON)

Axon Enterprise Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	205.99	124.66	377.03	175.78	146.93	-60.02
Depreciation & Amortization	94.07	83.16	48.43	19.32	23.12	20.72
Stock-Based Compensation	628.69	634.23	382.6	131.36	106.18	303.33
Other Adjustments	-157.66	-148.97	-327.06	-12.38	-60.19	-95.23
Change in Receivables	-383.08	-505.56	-245.84	-178.99	-78.23	-205.77
Changes in Inventories	-129.68	-81.95	0.61	-77.63	-95.01	-18.27
Changes in Accounts Payable	127.23	286.89	54.52	65.33	80.98	45.3
Changes in Unearned Revenue	9.68	83.48	155.64	146.82	155.57	175.62
Changes in Other Operating Activities	-241.2	-264.59	-37.61	-80.35	-43.98	-40.16
Operating Cash Flow	154.03	211.34	408.31	189.26	235.36	125.52
Operating Cash Flow Growth	-58.06%	-48.24%	115.74%	-19.59%	87.51%	257.25%
Capital Expenditures	-134.52	-136.26	-78.79	-59.64	-55.8	-49.89
Sale of Property, Plant & Equipment	-	-	-	-	-	0.04
Purchases of Intangible Assets	-	-	-	-	-	-0.39
Purchases of Investments	-1,289	-2,076	-793.42	-563.68	-845.18	-407.98
Proceeds from Sale of Investments	1,982	2,135	1,003	657.42	72.14	733.16
Payments for Business Acquisitions	-1,197	-646.88	-621.82	-21.09	-2.1	-22.39
Other Investing Activities	-1.58	-0.05	0.05	-0.54	-0.02	-
Investing Cash Flow	-639.65	-724.93	-490.57	12.48	-830.97	252.56
Long-Term Debt Issued	-	-	-	-	673.77	-
Long-Term Debt Repaid	-282.55	-608.89	-	-	-	-
Net Long-Term Debt Issued (Repaid)	-282.55	-608.89	-	-	673.77	-
Issuance of Common Stock	-1,133	2,240	14.58	149.21	124.2	157.13
Repurchase of Common Stock	-356.16	-350.98	-58.18	-107.89	-4.87	-331.31
Net Common Stock Issued (Repurchased)	-1,489	1,889	-43.6	41.31	119.33	-174.18
Other Financing Activities	-3.9	-27.22	-1.84	-	-194.99	-
Financing Cash Flow	-153.05	1,252	-45.44	41.31	598.1	-174.18
Effect of Exchange Rate Changes on Cash and Cash Equivalents	5.07	7.76	-6.21	2.07	-3.38	-1.98
Net Cash Flow	-633.6	746.63	-133.91	245.12	-0.89	200.89
Free Cash Flow	19.51	75.08	329.53	129.63	179.56	75.64
Free Cash Flow Growth	-74.02%	-77.22%	154.21%	-27.81%	137.40%	-
FCF Margin	0.65%	2.70%	15.82%	8.31%	15.13%	8.76%
Free Cash Flow Per Share	0.24	0.91	4.19	1.72	2.48	1.14
Levered Free Cash Flow	-387.11	-513.52	519.83	189.63	885.57	73.3
Unlevered Free Cash Flow	-319.12	-437.11	200.65	189.4	134.48	61.95

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q