Axon Enterprise, Inc. (AXON) income statement
NASDAQ · Industrials · Aerospace & Defense · 5,100 employees · CEO Patrick W. Smith
- Price
- $427.77 -2.35%
- Market cap
- $34.8B
- Enterprise value
- $36B
- Last report
- Q2 '26 filed 2026-08-06
- Next report
- 2026-11-05 EPS est. $1.89
Axon Enterprise, Inc. (AXON) reported revenue of $904M for Q2 '26 (+35.3% year on year), operating income of $46.8M (5.2% of revenue) and net income of $29.4M. Over the last four quarters revenue was $3.22B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $413M | $430M | $460M | $503M | $544M | $575M | $604M | $669M | $711M | $797M | $807M | $904M | |
| Cost of revenue | $157M | $166M | $201M | $197M | $214M | $229M | $238M | $265M | $283M | $335M | $330M | $358M | |
| Gross profit | $257M | $264M | $259M | $306M | $331M | $346M | $366M | $404M | $427M | $461M | $477M | $546M | |
| Research & development | $76.9M | $84M | $91.1M | $101M | $114M | $135M | $151M | $163M | $177M | $134M | $189M | $209M | |
| Operating expenses | $199M | $221M | $242M | $272M | $306M | $362M | $374M | $403M | $429M | $451M | $448M | $500M | |
| Operating income | $57.4M | $42.7M | $16.5M | $33.8M | $24.4M | -$15.7M | -$7.89M | $1.06M | -$2.13M | $10M | $29.2M | $46.8M | |
| Interest income | $12.2M | $14.1M | $12.1M | $11.7M | $12.6M | $7.29M | $10.6M | $23.3M | $23.9M | $17.6M | $10.6M | $6.82M | |
| Interest expense | $1.76M | $1.77M | $1.76M | $1.87M | $1.65M | $1.83M | $7.82M | $28.7M | $28.9M | $28.8M | $28.6M | $28.1M | |
| Other non-operating income (gains on investments, FX ...) | -$16.1M | -$14.8M | -$151M | -$19.6M | -$56.8M | -$102M | -$124M | $11.3M | -$46.7M | -$23.8M | -$200M | -$14M | |
| Total non-operating income | $14.3M | $13M | $149M | $17.7M | $55.2M | $100M | $116M | -$39.9M | $17.8M | -$5M | $171M | -$14.1M | |
| Income before tax | $71.7M | $55.7M | $166M | $51.5M | $79.6M | $84.6M | $108M | -$38.9M | $15.7M | $5M | $200M | $32.7M | |
| Income tax | $10.4M | -$1.32M | $32.5M | $10M | $12.5M | -$50.6M | $20.4M | -$75M | $17.9M | $2M | $30.9M | $3.26M | |
| Net income | $61.3M | $57.1M | $133M | $41.5M | $67M | $135M | $88M | $36.1M | -$2.19M | $3M | $169M | $29.4M | |
| EPS (basic) | $0.79 | $0.76 | $1.77 | $0.54 | $0.89 | $1.77 | $1.14 | $0.46 | -$0.03 | $0.04 | $2.11 | $0.36 | |
| EPS (diluted) | $0.78 | $0.75 | $1.73 | $0.53 | $0.86 | $1.67 | $1.08 | $0.44 | -$0.03 | $0.03 | $2.05 | $0.36 | |
| Shares (basic, weighted) | 74.8M | 75.1M | 75.4M | 75.5M | 75.7M | 76.4M | 76.9M | 78M | 78.4M | 80.4M | 80.2M | 80.4M | |
| Shares (diluted, weighted) | 76M | 76.2M | 77.1M | 77.6M | 78.1M | 81.1M | 81.5M | 82.1M | 78.4M | 100M | 82.5M | 82.5M | |
| Depreciation & amortization | $8.42M | $6.47M | $7.36M | $10.4M | $6.18M | $17.7M | $19.5M | $17.2M | $19.6M | $26.9M | $30.4M | $32.5M | |
| EBITDA | $81.9M | $64M | $175M | $63.7M | $87.4M | $104M | $136M | $6.96M | $64.2M | $60.8M | $259M | $93.2M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $268M | $344M | $420M | $531M | $681M | $863M | $1.19B | $1.56B | $2.08B | $2.78B | |
| Cost of revenue | $97.7M | $137M | $161M | $224M | $265M | $332M | $461M | $605M | $841M | $1.12B | |
| Gross profit | $171M | $207M | $259M | $307M | $416M | $531M | $729M | $955M | $1.24B | $1.66B | |
| Research & development | $30.6M | $55.4M | $76.9M | $101M | $123M | $194M | $234M | $304M | $442M | $684M | |
| Sales & marketing | $0 | $0 | $0 | $0 | $1.3M | $0 | $2.3M | $91.7M | $109M | $0 | |
| General & administrative | $0 | $0 | $0 | $0 | $308M | $0 | $397M | $403M | $632M | $0 | |
| Other operating expenses | $621K | $109K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $138M | $194M | $232M | $312M | $430M | $698M | $635M | $796M | $1.18B | $1.72B | |
| Operating income | $32.2M | $13M | $26.8M | -$5.09M | -$14.2M | -$167M | $93.3M | $159M | $58.5M | -$62.1M | |
| Interest income | $700K | $1.6M | $4.36M | $7.86M | $5M | $30.9M | $4.8M | $49.1M | $43.7M | $75.4M | |
| Interest expense | $0 | $0 | $0 | $0 | $100K | $0 | $0 | $7M | $7.1M | $94.2M | |
| Other non-operating income (gains on investments, FX ...) | $654K | -$2.74M | -$1.26M | -$7.16M | -$7.96M | -$25.4M | -$103M | -$4.61M | -$330M | -$175M | |
| Total non-operating income | -$654K | $2.74M | $1.26M | $7.16M | $7.86M | $25.4M | $103M | -$2.39M | $323M | $81.1M | |
| Income before tax | $31.5M | $15.8M | $28.1M | $2.07M | -$6.29M | -$141M | $197M | $157M | $382M | $19M | |
| Income tax | $14.2M | $10.6M | -$1.1M | $1.19M | -$4.57M | -$81.4M | $49.4M | -$18.7M | $4.47M | -$106M | |
| Net income | $17.3M | $5.21M | $29.2M | $882K | -$1.72M | -$60M | $147M | $176M | $377M | $125M | |
| EPS (basic) | $0.33 | $0.10 | $0.52 | $0.01 | -$0.03 | -$0.91 | $2.07 | $2.37 | $4.98 | $1.60 | |
| EPS (diluted) | $0.32 | $0.10 | $0.50 | $0.01 | -$0.03 | -$0.91 | $2.03 | $2.33 | $4.80 | $1.51 | |
| Shares (basic, weighted) | 52.7M | 52.7M | 56.4M | 59.2M | 61.8M | 66.2M | 71.1M | 74.2M | 75.7M | 80.4M | |
| Shares (diluted, weighted) | 53.5M | 53.9M | 57.9M | 60M | 61.8M | 66.2M | 72.5M | 75.5M | 78.6M | 100M | |
| Depreciation & amortization | $3.66M | $8.04M | $10.6M | $11.4M | $12.5M | $18.7M | $24.4M | $19.3M | $48.4M | $83.2M | |
| EBITDA | $35.2M | $23.8M | $38.7M | $13.4M | $6.28M | -$123M | $221M | $183M | $437M | $196M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02