Axon EnterpriseAXONEarnings & Financial Report
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
AXON Q3 2025 Key Financial Metrics
Revenue
$710.6M
Gross Profit
$427.3M
Operating Profit
$-2.1M
Net Profit
$-2.2M
Gross Margin
60.1%
Operating Margin
-0.3%
Net Margin
-0.3%
YoY Growth
30.6%
EPS
$-0.03
Financial Flow
Axon Enterprise Q3 2025 Financial Summary
Axon Enterprise reported revenue of $710.6M for Q3 2025, with a net profit of $-2.2M (-0.3% margin). Cost of goods sold was $283.3M, operating expenses totaled $429.5M.
Key Financial Metrics
| Total Revenue | $710.6M |
|---|---|
| Net Profit | $-2.2M |
| Gross Margin | 60.1% |
| Operating Margin | -0.3% |
| Report Period | Q3 2025 |
Axon Enterprise Annual Revenue by Year
Axon Enterprise annual revenue history includes year-by-year totals (for example, 2024 revenue was $2.1B).
| Year | Annual Revenue |
|---|---|
| 2024 | $2.1B |
| 2023 | $1.6B |
| 2022 | $1.2B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $430.4M | $460.7M | $504.1M | $544.3M | $573.4M | $603.6M | $668.5M | $710.6M |
| YoY Growth | 28.0% | 34.3% | 34.6% | 31.6% | 33.2% | 31.0% | 32.6% | 30.6% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.44B | $3.62B | $3.74B | $4.01B | $4.47B | $6.08B | $6.22B | $6.66B |
| Liabilities | $1.82B | $1.80B | $1.81B | $1.91B | $2.15B | $3.53B | $3.48B | $3.63B |
| Equity | $1.61B | $1.82B | $1.93B | $2.10B | $2.33B | $2.56B | $2.73B | $3.03B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $140.0M | $-15.9M | $82.8M | $91.3M | $250.2M | $25.8M | $-91.7M | $60.0M |
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