AXON · XBRL financial data

Axon Enterprise financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (AXON's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	681	863	1,190	1,563	2,083	2,780
Cost of goods and services sold	265	322	461	608	841	1,121
Gross profit	416	541	729	955	1,241	1,658
Research and development	123	194	234	304	442	684
Selling, general and administrative	307	515	402	497	741	1,036
Total operating expenses	430	709	635	801	1,183	1,720
Operating income (loss)	(14)	(168)	93	155	59	(62)
Interest income	—	—	—	49	44	75
Interest expense	—	—	—	7	7	94
Other income (expense)	—	25	99	(42)	286	100
Income tax expense (benefit)	(5)	(81)	49	(19)	4	(106)
Net income (loss)	(2)	(60)	147	174	377	125
Earnings per share, basic USD per share	(0.03)	(0.91)	2.07	2.35	4.98	1.60
Earnings per share, diluted USD per share	(0.03)	(0.91)	2.03	2.31	4.80	1.51
Weighted average shares, basic millions of shares	62	66	71	74	76	78
Weighted average shares, diluted millions of shares	62	66	73	75	79	82

Fiscal years (AXON's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	155	356	354	599	455	1,201
Short-term investments	407	15	582	644	333	505
Inventory	90	109	202	270	265	342
Prepaid and other current assets	37	57	73	113	130	277
Total current assets	982	1,109	1,805	2,397	2,297	3,713
Property and equipment, net	105	138	170	201	247	331
Right-of-use asset	22	23	38	36	45	100
Goodwill	25	44	45	58	757	1,370
Total assets	1,381	1,688	2,852	3,437	4,475	7,000
Accounts payable	24	32	60	88	72	139
Accrued liabilities	60	104	156	188	279	511
Current portion of long-term debt	—	—	—	0	680	81
Total current liabilities	256	419	603	800	1,678	1,470
Long-term debt	—	—	—	677	0	1,730
Lease liability, non-current	19	20	37	34	41	99
Total liabilities	405	640	1,583	1,825	2,147	3,758
Retained earnings	170	110	257	431	812	937
Total stockholders' equity	976	1,048	1,268	1,612	2,328	3,243
Total liabilities and equity	1,381	1,688	2,852	3,437	4,475	7,000
Common shares outstanding (cover page) millions of shares	64	71	73	75	77	80

Fiscal years (AXON's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(2)	(60)	147	174	377	125
Stock-based compensation	134	303	106	131	383	634
Depreciation and amortization	12	19	24	33	48	83
Net cash from operating activities	38	124	235	189	408	211
Purchases of property and equipment	73	50	56	60	79	136
Net cash from investing activities	(357)	253	(831)	12	(491)	(725)
Proceeds from issuing common stock	307	106	—	—	—	—
Net cash from financing activities	299	(174)	598	41	(45)	1,252
Net change in cash	(17)	201	(1)	245	(134)	747

SIC 3480 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.

How peers are chosen

SIC 3480 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Fewer than three companies fall in that range, so the list adds same-SIC (3480) companies nearest in public float, each marked “added: same SIC”.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Axon Enterprise	598	904	20*	81.2M	—	Q2 FY26 10-QJun 30, 2026
Sturm Rugeradded: same SIC	31	158	17*	16.0M	—	Q2 FY26 10-QJun 27, 2026
National Presto Industriesadded: same SIC	16	147	13*	7.1M	—	Q2 FY26 10-QJul 5, 2026
Smith & Wesson Brandsadded: same SIC	19	113	(8.8)	44.8M	0.9 quarters	Q1 FY26 10-QJul 31, 2026
Wrap Technologiesadded: same SIC	4.8	2.1	(2.4)*	56.0M	2.0 quarters	Q2 FY26 10-QJun 30, 2026
First Breachadded: same SIC	4.9	0.1	not reported	55.8M	—	Q2 FY26 10-QJun 30, 2026
Alternative Ballisticsadded: same SIC	not reported	not reported	not reported	not reported	—	—

Not investment advice. Not affiliated with the U.S. SEC.