Axon Enterprise Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $2.78B | $2.07B | $1.56B | $1.19B | $863.4M | $681.4M | $531.0M |
| TASER | — | — | $888.3M | $699.5M | $552.2M | $428.3M | $381.6M | $333.0M |
| Software and Sensors | — | — | $1.18B | $863.2M | $637.4M | $435.1M | $299.8M | $198.0M |
| Cost of Revenue | — | $1.12B | $841.1M | $605.2M | $461.0M | $322.5M | $264.7M | $223.6M |
| Gross Profit | — | $1.66B | $1.24B | $955.5M | $726.1M | $540.9M | $416.3M | $307.3M |
| Gross Margin | — | 59.7% | 60.0% | 61.1% | 61.0% | 62.7% | 61.1% | 57.9% |
| Operating Expenses | ||||||||
| Research & Development | — | $684.3M | $441.6M | $303.7M | $233.8M | $194.0M | $123.2M | $100.7M |
| SG&A Expense | — | $1.04B | $741.2M | $494.9M | $399.3M | $515.0M | $307.3M | $213.0M |
| Operating Income | — | $-62.1M | $58.5M | $156.9M | $93.0M | $-168.1M | $-14.2M | $-6.4M |
| Operating Margin | — | -2.2% | 2.8% | 10.0% | 7.8% | -19.5% | -2.1% | -1.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | $19.0M | $381.5M | $157.1M | $196.2M | $-141.4M | $-6.3M | $2.1M |
| Income Tax Expense | — | $-105.7M | $4.5M | $-18.7M | $49.3M | $-81.4M | $-4.6M | $1.2M |
| Net Income | — | $124.7M | $377.0M | $175.8M | $146.9M | $-60.0M | $-1.7M | $882.0K |
| Net Margin | — | 4.5% | 18.2% | 11.2% | 12.4% | -7.0% | -0.3% | 0.2% |
| EPS (Basic) | — | $1.60 | $4.98 | $2.37 | $2.07 | $-0.91 | $-0.03 | $0.01 |
| EPS (Diluted) | — | $1.51 | $4.80 | $2.33 | $2.03 | $-0.91 | $-0.03 | $0.01 |
| Shares Outstanding (Basic) | 80.4M | 78.1M | 75.7M | 74.2M | 71.1M | 66.2M | 61.8M | 59.2M |
| Shares Outstanding (Diluted) | 80.4M | 82.4M | 78.6M | 75.5M | 72.5M | 66.2M | 61.8M | 60.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |