15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $2.8B | $125M | 59.7% | -2.2% | $75M | $1.8B | $1.2B |
| 2024 | $2.1B | $377M | 59.6% | 2.8% | $330M | $680M | $455M |
| 2023 | $1.6B | $176M | 61.2% | 10.0% | $130M | $677M | $599M |
| 2022 | $1.2B | $147M | 61.2% | 7.8% | $180M | — | $354M |
| 2021 | $866M | -$56M | 63.0% | -18.8% | $75M | — | $356M |
| 2020 | $681M | -$2M | 61.1% | -2.1% | -$34M | — | $155M |
| 2019 | $531M | $882000 | 57.9% | -1.2% | $50M | — | $172M |
| 2018 | $420M | $29M | 61.6% | 5.9% | $53M | — | $349M |
| 2017 | $344M | $5M | 60.2% | 3.8% | $8M | — | $75M |
| 2016 | $268M | $17M | 63.6% | 11.9% | $16M | — | $41M |
| 2015 | — | $20M | — | — | $40M | — | $60M |
| 2014 | — | $20M | — | — | $33M | — | $48M |
| 2013 | — | $18M | — | — | $31M | — | $42M |
| 2012 | — | $15M | — | — | $25M | — | $36M |
| 2011 | — | -$7M | — | — | $15M | — | $21M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $807M | $169M | 59.1% | 3.6% | -$55M | $1.7B | $459M |
| Dec '25 | $797M | $3M | 57.9% | -6.3% | $155M | $1.8B | $1.2B |
| Sep '25 | $711M | -$2M | 60.1% | -0.3% | $33M | $2.0B | $1.4B |
| Jun '25 | $669M | $36M | 60.4% | -0.2% | -$115M | $2.0B | $615M |
| Mar '25 | $604M | $88M | 60.6% | -1.5% | $932000 | $2.0B | $1.1B |
| Dec '24 | $575M | $135M | 60.1% | -2.7% | $225M | $680M | $455M |
| Sep '24 | $544M | $67M | 60.8% | 4.4% | $65M | — | $695M |
| Jun '24 | $503M | $41M | 60.8% | 6.7% | $71M | — | $566M |
| Mar '24 | $460M | $133M | 56.2% | 3.6% | -$32M | — | $404M |
| Dec '23 | $430M | $57M | 61.3% | 9.9% | $116M | $677M | $599M |
| Sep '23 | $413M | $61M | 62.1% | 13.9% | $49M | — | $406M |
| Jun '23 | $373M | $12M | 61.8% | 10.5% | $30M | — | $474M |
| Mar '23 | $343M | $45M | 59.5% | 4.8% | -$65M | — | $263M |
| Dec '22 | $336M | $29M | 61.2% | 6.7% | $120M | — | $354M |
| Sep '22 | $312M | $12M | 62.0% | 10.3% | $27M | — | $148M |
| Jun '22 | $286M | $51M | 60.9% | 7.5% | $7M | — | $213M |
| Mar '22 | $256M | $55M | 60.7% | 6.7% | $27M | — | $386M |
| Dec '21 | $218M | -$14M | 62.1% | -12.4% | -$455000 | — | $356M |
| Sep '21 | $232M | $49M | 62.3% | 1.2% | $4M | — | $282M |
| Jun '21 | $219M | -$47M | 63.0% | -42.8% | $21M | — | $266M |
How the market has priced AXON against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Axon Enterprise's revenue has grown 32.5% per year. These are computed facts, not advice.
As of FY2025, Axon Enterprise reported $1.8B of total debt against $1.2B of cash; operating income covered interest expense -0.7×.
In FY2025, gross margin was 59.7%, operating margin -2.2%, and net margin 4.5%.
As of Jun '26, Axon Enterprise traded at a price-to-earnings ratio of about 287.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.