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.
Revenue
$573.4M
Gross Profit
$346.9M
Operating Profit
$-14.7M
Net Profit
$136.0M
Gross Margin
60.5%
Operating Margin
-2.6%
Net Margin
23.7%
YoY Growth
32.7%
EPS
$1.68
Axon Enterprise Q4 FY2024 Financial Summary
Axon Enterprise reported revenue of $573.4M (up 32.7% YoY) for Q4 FY2024, with a net profit of $136.0M (up 137.5% YoY) (23.7% margin). Cost of goods sold was $226.6M, operating expenses totaled $361.5M.
Key Financial Metrics
| Total Revenue | $573.4M |
|---|---|
| Net Profit | $136.0M |
| Gross Margin | 60.5% |
| Operating Margin | -2.6% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Axon Enterprise Q4 FY2024 revenue of $573.4M breaks down across 2 segments, led by Products at $326.2M (56.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $326.2M | 56.9% |
| Services | $247.3M | 43.1% |
Axon Enterprise Annual Revenue by Year
Axon Enterprise annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.8B |
| 2024 | $2.1B |
| 2023 | $1.6B |
| 2022 | $1.2B |
Axon Enterprise Quarterly Revenue & Net Profit History
Axon Enterprise results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $807.3M | +33.7% | $169.3M | 21.0% |
| Q4 FY2025 | $796.7M | +38.9% | $2.7M | 0.3% |
| Q3 FY2025 | $710.6M | +30.6% | $-2.2M | -0.3% |
| Q2 FY2025 | $668.5M | +32.6% | $36.1M | 5.4% |
| Q1 FY2025 | $603.6M | +31.0% | $88.0M | 14.6% |
| Q4 FY2024 | $573.4M | +32.7% | $136.0M | 23.7% |
| Q3 FY2024 | $544.3M | +31.6% | $67.0M | 12.3% |
| Q2 FY2024 | $504.1M | +34.6% | $40.8M | 8.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $504.1M | $544.3M | $573.4M | $603.6M | $668.5M | $710.6M | $796.7M | $807.3M |
| YoY Growth | 34.6% | 31.6% | 32.7% | 31.0% | 32.6% | 30.6% | 38.9% | 33.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.74B | $4.01B | $4.47B | $6.08B | $6.22B | $6.66B | $7.00B | $7.07B |
| Liabilities | $1.81B | $1.91B | $2.15B | $3.53B | $3.48B | $3.63B | $3.76B | $3.53B |
| Equity | $1.93B | $2.10B | $2.33B | $2.56B | $2.73B | $3.03B | $3.24B | $3.53B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $82.8M | $91.3M | $250.2M | $25.8M | $-91.7M | $60.0M | $217.2M |