AXON ENTERPRISE, INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 1,811 | 35.8 |
| Stockholders' equity | 3,243 | 64.2 |
| Total capitalization | 5,053 | 100.0 |
81,237,415 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 6 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 1,811 |
| Long-term debt, noncurrent | 1,730 |
| Current maturities | 81 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 200,000,000 |
| Common shares issued | 100,444,971 |
| Treasury shares | 20,233,434 |
| Par or stated value per share ($) | 1e-05 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/31/26 | 81,237,415 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as TASER INTERNATIONAL INC (to 23 March 2017).
BUSINESS: Classified by the SEC under Standard Industrial Classification 3480, Ordnance & Accessories, (No Vehicles/Guided Missiles). Large accelerated filer. Principal executive office: 17800 N. 85Th St., Scottsdale, AZ 85255. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 2,780 | 2,083 | 1,561 |
| Cost of revenues | 1,121 | 841 | 605 |
| Gross profit | 1,658 | 1,241 | 955 |
| Research and development | 684 | 442 | 304 |
| Selling, general and administrative | 1,036 | 741 | 495 |
| Depreciation and amortization | 83 | 48 | 19 |
| Operating income | (62) | 59 | 157 |
| Interest expense | 94 | 7 | 7 |
| Income before income taxes | 19 | 382 | 157 |
| Income taxes | (106) | 4 | (19) |
| Net income | 125 | 377 | 176 |
| Earned per share, diluted ($) | 1.51 | 4.80 | 2.33 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,201 | 455 |
| Inventories | 342 | 265 |
| Total current assets | 3,713 | 2,297 |
| Property, plant and equipment, net | 331 | 247 |
| Goodwill | 1,370 | 757 |
| Total assets | 7,000 | 4,475 |
| Total current liabilities | 1,470 | 1,678 |
| Long-term debt | 1,730 | 0 |
| Total liabilities | 3,758 | 2,147 |
| Stockholders' equity | 3,243 | 2,328 |
| Total liabilities and equity | 7,000 | 4,475 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 2,780 | (62) | 125 | 4.5 | 1.51 | – | 211 | 136 | 75 | 7,000 | 3,758 | 1,811 | 3,243 | 3.8 | 0.56 |
| 12/31/24 | 2,083 | 59 | 377 | 18.1 | 4.80 | – | 408 | 79 | 330 | 4,475 | 2,147 | 680 | 2,328 | 16.2 | 0.29 |
| 12/31/23 | 1,561 | 157 | 176 | 11.3 | 2.33 | – | 189 | 60 | 130 | 3,409 | 1,793 | 677 | 1,616 | 10.9 | 0.42 |
| 12/31/22 | 1,187 | 93 | 147 | 12.4 | 2.03 | – | 235 | 56 | 180 | 2,852 | 1,583 | – | 1,271 | 11.6 | – |
| 12/31/21 | 863 | (168) | (60) | -7.0 | (0.91) | – | 124 | 50 | 75 | 1,688 | 640 | – | 1,050 | -5.7 | – |
| 12/31/20 | 681 | (14) | (2) | -0.3 | (0.03) | – | 38 | 73 | (34) | 1,381 | 405 | – | 976 | -0.2 | – |
| 12/31/19 | 531 | (6) | 1 | 0.2 | 0.01 | – | 66 | 16 | 50 | 846 | 302 | – | 543 | 0.2 | – |
| 12/31/18 | 420 | 25 | 29 | 7.0 | 0.50 | – | 64 | 11 | 53 | 720 | 252 | – | 467 | 6.2 | – |
| 12/31/17 | 344 | 13 | 5 | 1.5 | 0.10 | – | 18 | 10 | 8 | 338 | 171 | – | 167 | 3.1 | – |
| 12/31/16 | 268 | 32 | 17 | 6.4 | 0.32 | – | 21 | 5 | 16 | 278 | 127 | – | 151 | 11.5 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
AXON ENTERPRISE, INC.
CIK 1069183 · EIN 86-0741227
PRINCIPAL OFFICE:
17800 N. 85Th St., Scottsdale, AZ 85255
Tel.: 480-991-0797
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
3480 · Ordnance & Accessories, (No Vehicles/Guided Missiles)
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 25 February 2026
FORMER NAMES:
TASER INTERNATIONAL INC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/25/26) · 10-K/A FY2024 (filed 5/7/25) · 10-K FY2023 (filed 2/27/24) · 10-K FY2022 (filed 2/28/23) · 10-K FY2021 (filed 2/25/22) · 10-K FY2020 (filed 2/26/21) · 10-K FY2019 (filed 2/28/20) · 10-K FY2018 (filed 2/27/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.