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Axon Enterprise, Inc.

Axon Enterprise, Inc.

NASDAQ•AXON
CEO: Mr. Patrick W. Smith
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 2001-06-19
Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence. Its products include axon officer safety plan; taser 10, taser7, taser X26P, taser X2, taser 7 CQ, and civilian series; cameras, such as axon body, axon flex, axon fleet, axon air, axon signal sidearm, axon signal vehicle, axon interview, and axon interview portable kit; software, including axon records, evidence, standards, commander, performance, auto-transcribe, justice, investigate, respond, and justice, my90, and redaction assistant; mobile applications, and training services, as well as hardware extended warranties; and Axon docks, cartridges, and batteries. The company sells its products through its direct sales, distribution partners, online store, and third-party resellers. Axon Enterprise, Inc. has a strategic partnership with Fusus, Inc. to expand bility to aggregate live video, data, and sensor feeds. It serves law enforcement, federal, correction, fire, EMS, campus, justice healthcare, retail, private security, and personal safety industries. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona.
Contact Information
17800 North 85th Street, Scottsdale, AZ, 85255, United States
480-991-0797
www.axon.com
Market Cap
$44.55B
P/E (TTM)
172.2
100.1
Dividend Yield
--
52W High
$885.92
52W Low
$469.24
52W Range
23%
Rank45Top 43.2%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$710.64M+30.57%
4-Quarter Trend

EPS

-$0.03-103.37%
4-Quarter Trend

FCF

$33.38M-48.53%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Surge Nine months net sales reached $1.98B, marking a 31.5% increase over prior year period results, driven by both segments.
Strong Cash Position Growth Cash and equivalents totaled $1.42B as of September 30, 2025, increasing $969.0M since year-end 2024, providing liquidity.
Segment Sales Acceleration Software and Services segment sales grew 39.6% for nine months, driven by increased user adoption and premium add-on features.
Large Unrecognized Revenue Remaining Performance Obligations stand at $8.1B, with 20% to 25% expected recognition within the next twelve months.

Risk Factors

Quarterly Operating Loss Three months ended September 30, 2025 resulted in a $2.1M loss from operations, contrasting prior year's $24.1M income.
Internal Control Material Weakness Material weakness exists in internal control over financial reporting concerning revenue recognition policies and control implementation.
Product Liability Litigation Exposure Substantial product liability litigation risk remains regarding CED use, potentially causing significant damages or reputational harm.
Debt Obligations Cash Strain Fulfilling debt obligations requires significant cash resources, potentially exceeding available cash flow if performance falters.

Outlook

Major Strategic Acquisitions Completed Invictus Apps acquisition ($637.5M base) and agreed to acquire Carbyne ($625.0M base) expected completion Q1 2026.
Future Financing Strategy Expects to opportunistically issue new debt securities over time to fund growth, refinance maturities, and support acquisitions.
Continued R&D Investment R&D expenses increased 59.7% for nine months, reflecting investment in headcount and new product development efforts.
Tax Law Uncertainty Impact Enactment of OBBBA caused a significant effective tax rate increase to 113.9% for the third quarter period.

Peer Comparison

Revenue (TTM)

FedEx CorporationFDX
$88.59B
+1.1%
Cummins Inc.CMI
$33.58B
-1.8%
PACCAR IncPCAR
$29.52B
-15.3%

Gross Margin (Latest Quarter)

Roper Technologies, Inc.ROP
69.5%
+0.3pp
TransDigm Group IncorporatedTDG
60.3%
+3.8pp
Axon Enterprise, Inc.AXON
60.1%
-0.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TDG$72.85B37.1-34.9%0.0%
CMI$70.22B26.323.7%21.7%
FDX$67.10B16.815.1%42.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.3%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:$1.65
|
Revenue:$755.29M
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $710.64M+30.6%
    |
    EPS: $-0.03-103.4%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $668.54M+32.8%
    |
    EPS: $0.46-14.8%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $603.63M+31.3%
    |
    EPS: $1.14-35.6%
    Miss
  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: May 7, 2025|
    Revenue: $2.08B+33.4%
    |
    EPS: $4.98+111.9%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|Refer to amended data
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $544.27M+31.7%
    |
    EPS: $0.89+12.7%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $503.24M+34.3%
    |
    EPS: $0.54+217.6%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $459.87M+34.1%
    |
    EPS: $1.77+185.5%
    Beat