Axon Enterprise Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $29.4M | $169.3M | $-2.2M | $36.1M | $88.0M | $67.0M | $41.5M | $133.4M |
| Depreciation & Amortization | — | $30.4M | — | — | $19.5M | — | — | $7.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $13.4M | $11.5M | $6.9M | $6.7M | $6.6M | $3.8M | $3.9M | $3.0M |
| Stock-Based Compensation | $144.0M | $134.7M | $146.2M | $139.2M | $140.2M | $101.8M | $74.8M | $75.1M |
| Net Cash from Operating Activities | $20.1M | $-31.5M | $60.0M | $-91.7M | $25.8M | $91.3M | $82.8M | $-15.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $21.0M | $23.1M | $26.6M | $23.0M | $24.9M | $26.5M | $11.3M | $16.2M |
| Business Acquisitions | — | $549.7M | — | — | $0 | — | — | $237.8M |
| Net Cash from Investing Activities | — | $-616.9M | — | — | $-702.2M | — | — | $-174.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $-92.3M | — | — | $1.31B | — | — | $-2.7M |
| Net Change in Cash | — | $-742.2M | — | — | $638.0M | — | — | $-194.7M |
| Free Cash Flow | $-972.0K | $-54.6M | $33.4M | $-114.7M | $932.0K | $64.8M | $71.4M | $-32.1M |