Public safety technology provider combining devices, software, and AI-enabled evidence workflows for law enforcement and emergency response.
Profile & Fundamentals
Axon Enterprise: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Axon Enterprise Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Axon Enterprise, Inc. provides public safety technology solutions in the United States and internationally. The company operates in two segments, Software and Services, and Connected Devices. The Software and Services segment develops, manufactures, and sells cloud-based software-as-a-service solutions to capture, store, manage, share, and analyze video and other digital evidence. This segment also offers Axon Evidence, Draft One, Axon Records, Axon Standards, Axon Fusus, Axon Assistant, and others. The Connected Devices segment engages in the development, manufacture, and sale of integrated hardware solutions, such as conducted energy devices under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, accessories, extended warranties, and related hardware products, as well as virtual reality training hardware. The company serves first responders across international, federal, state, and local governments, international governmental entities, commercial enterprises, and consumers through direct sales, distribution partners, and third-party resellers. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona.
Company profile record
Axon Enterprise Inc.
Common Stock · Industrials · Aerospace & Defense
Company
- Company / asset
- Axon Enterprise Inc.
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Aerospace & Defense
- HQ
- 🇺🇸 United States
- Head office
- 17800 North 85th Street, Scottsdale, AZ, United States, 85255
Leadership & scale
- Chief executive
- Mr. Patrick W. Smith
- CEO year born
- 1971
- Full-time employees
- 5.1K
- Fiscal year end
- December
- IPO date
- 2001-06-07
Fundamentals snapshot
- Market Cap
- USD 34.5B
- P/E
- 173.1x
- Revenue (Q2 26)
- USD 904.4M
- Profit (Q2 26)
- USD 29.4M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 2.8B
- Shares in public float
- 77.3M
- Insider ownership
- 4.51%
Reporting & identifiers
- Symbol
- AXON.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US05464C1018
- Asset ID
- equity_eb217683-f803-5b98-a357-173c21d56906
Ownership
Shares Outstanding
Latest: 82.5M | Max: 100.0M | Min: 52.9M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
93.70%
77.3M latest reported shares
Insider Ownership
4.51%
Latest reported insider stake
Short Float
0.05%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 52,913,000 |
| 2018-01-01 | 59,665,000 |
| 2019-01-01 | 60,257,000 |
| 2020-01-01 | 65,362,000 |
| 2021-01-01 | 69,310,000 |
| 2022-01-01 | 72,976,000 |
| 2023-01-01 | 76,178,000 |
| 2024-01-01 | 81,091,000 |
| 2025-01-01 | 100,000,000 |
| 2026-01-01 | 82,518,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 7,989,186 | 9.83% | 2026-03-31 |
| Vanguard Capital Management, LLC | 5,043,125 | 6.21% | 2026-03-31 |
| State Street Corp | 3,681,962 | 4.53% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 3,604,673 | 4.44% | 2026-03-31 |
| Baillie Gifford & Co Limited. | 3,059,487 | 3.77% | 2026-06-30 |
| Amvescap Plc. | 2,921,809 | 3.6% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 2,433,662 | 3% | 2026-08-31 |
| FMR Inc | 2,396,339 | 2.95% | 2026-03-31 |
| Geode Capital Management, LLC | 2,256,286 | 2.78% | 2026-03-31 |
| Vanguard 500 Index Investor | 2,140,858 | 2.64% | 2026-08-31 |
| Wellington Management Company LLP | 2,103,142 | 2.59% | 2026-06-30 |
| Edgewood Management LLC | 2,028,423 | 2.5% | 2026-03-31 |
| Invesco QQQ Trust | 1,734,638 | 2.14% | 2026-08-31 |
| Vanguard MStar Mid Cap Index Instl | 1,656,292 | 2.04% | 2026-08-31 |
| Westfield Capital Management Company, L.P. | 1,491,490 | 1.84% | 2026-06-30 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's sales engine continues to expand at a remarkable pace, with annual revenue surpassing 2.78 billion dollars in fiscal 2025 and climbing over 35% in recent quarters. Customer demand for body cameras, non-lethal devices, and cloud software remains exceptionally robust, backed by a fifteen-billion-dollar backlog of future contracted orders. However, reported bottom-line profits tell a conflicting story. Operating income plunged to a negative 62 million dollar loss in 2025 before recovering marginally. Heavy research spending and massive stock-based compensation awards for executives have consumed gross profits, leaving true cash generation meager relative to the company's multi-billion-dollar public valuation.
The company's sales engine continues to expand at a remarkable pace, with annual revenue surpassing 2.78 billion dollars in fiscal 2025 and climbing over 35% in recent quarters. Customer demand for body cameras, non-lethal devices, and cloud software remains exceptionally robust, backed by a fifteen-billion-dollar backlog of future contracted orders. However, reported bottom-line profits tell a conflicting story. Operating income plunged to a negative 62 million dollar loss in 2025 before recovering marginally. Heavy research spending and massive stock-based compensation awards for executives have consumed gross profits, leaving true cash generation meager relative to the company's multi-billion-dollar public valuation.
Revenue, Net Income, and Free Cash Flow
Latest: USD 2.8B | Max: USD 2.8B | Min: USD -60.0M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: >100x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Gross profit margins have remained remarkably rock-solid near 60%, demonstrating exceptional customer pricing power. Law enforcement agencies readily absorb subscription price increases because proprietary equipment and secure digital evidence vaults are essential to daily operations, while alternative vendors lack courtroom-tested chain-of-custody credibility. In contrast, operating margins have experienced severe turbulence, swinging from positive double digits down to negative territory before stabilizing slightly. This profitability drag is largely driven by aggressive engineering hiring, corporate overhead, and lavish employee stock grants. Until high-margin software subscriptions outpace administrative expenses, consolidated profitability will remain below traditional software industry standards.
Gross profit margins have remained remarkably rock-solid near 60%, demonstrating exceptional customer pricing power. Law enforcement agencies readily absorb subscription price increases because proprietary equipment and secure digital evidence vaults are essential to daily operations, while alternative vendors lack courtroom-tested chain-of-custody credibility. In contrast, operating margins have experienced severe turbulence, swinging from positive double digits down to negative territory before stabilizing slightly. This profitability drag is largely driven by aggressive engineering hiring, corporate overhead, and lavish employee stock grants. Until high-margin software subscriptions outpace administrative expenses, consolidated profitability will remain below traditional software industry standards.
Profitability Margins
Latest: 59.7% | Max: 63.6% | Min: -19.3%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
59.7%
Gross profit / revenue
Operating Margin
-2.2%
Operating income / revenue
Net Margin
4.5%
Net income / revenue
FCF Margin
2.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 268,245,000 | 17,297,000 | 9,473,000 |
| 2017-12-31 | 343,798,000 | 5,207,000 | 7,047,000 |
| 2018-12-31 | 420,068,000 | 29,205,000 | 52,178,000 |
| 2019-12-31 | 530,860,000 | 882,000 | 49,330,000 |
| 2020-12-31 | 681,003,000 | -1,724,000 | -34,389,000 |
| 2021-12-31 | 863,381,000 | -60,018,000 | 74,216,000 |
| 2022-12-31 | 1,189,935,000 | 147,139,000 | 179,252,000 |
| 2023-12-31 | 1,560,699,000 | 175,783,000 | 128,993,000 |
| 2024-12-31 | 2,082,526,000 | 377,034,000 | 329,527,000 |
| 2025-12-31 | 2,779,536,000 | 124,911,000 | 75,081,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 454.67 | Trailing four quarters |
| 2024-12-31 | 127.82 | Trailing four quarters |
| 2023-12-31 | 111.86 | Trailing four quarters |
| 2022-12-31 | 82.3 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 63.57 | 11.99 | 6.45 | 3.53 |
| 2017-12-31 | 60.24 | 3.79 | 1.51 | 2.05 |
| 2018-12-31 | 61.56 | 6.39 | 6.95 | 12.42 |
| 2019-12-31 | 57.88 | -0.96 | 0.17 | 9.29 |
| 2020-12-31 | 61.13 | -2.08 | -0.25 | -5.05 |
| 2021-12-31 | 61.51 | -19.32 | -6.95 | 8.6 |
| 2022-12-31 | 61.23 | 7.84 | 12.37 | 15.06 |
| 2023-12-31 | 61.22 | 10.22 | 11.26 | 8.27 |
| 2024-12-31 | 59.61 | 2.81 | 18.1 | 15.82 |
| 2025-12-31 | 59.65 | -2.23 | 4.49 | 2.7 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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