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NASDAQ:AXON

Axon Enterprise, Inc.

Axon Enterprise, Inc.'s revenue grew 33.5% in fiscal 2025 to $2.8B while operating margin fell to −2.2%. Free cash flow was $75.1M, 2.7% of revenue, and the diluted share count rose 4.9%.Summary generated from Axon Enterprise, Inc.'s SEC filings. Latest annual report filed Feb 25, 2026.

Revenue (FY25)$2.8B
Revenue growth+33.5%
Revenue, 5-yr CAGR+32.5%
Gross margin59.7%
Operating margin−2.2%
Net margin4.5%
ROIC−1.9%
Return on equity4.5%
Debt / equity0.56
Free cash flow$75.1M
FCF margin2.7%
Share count change+4.9%

Financials

Fiscal years, $M
Item20212022202320242025
Revenue8631,1871,5612,0832,780
Operating income−1689315759−62
Net income−60147176377125
Free cash flow7518013033075

Recent filings

From SEC EDGAR

Peers

Ordnance & accessories, (no vehicles/guided missiles)