Axon Enterprise Inc
axon.comWhat Do They Do?
Sells connected safety hardware and cloud software, including TASER devices, cameras and evidence-management tools, to government agencies, businesses and consumers.
10-K for FY2025, filed Feb 25, 2026Axon Enterprise, Inc. (“Axon,” the “Company,” “we” or “us”) is a technology company that provides integrated hardware and software…View ↗
1.Software and Services: We develop, manufacture and sell cloud-based Software-as-a-Service (“SaaS”) solutions that leverage AI and enable…View ↗
2.Connected Devices: We develop, manufacture and sell fully integrated hardware solutions such as conducted energy devices (“CEDs”) sold…View ↗
Our core customers across the public and private sectors include U.S. federal, state, and local governments, international governmental…View ↗
How Do They Make Money?
Customers pay over time for cloud-software subscriptions and extended warranties; they generally pay for hardware when it ships, though bundled hardware and services can be paid for over multiple years.
10-K for FY2025, filed Feb 25, 2026We derive revenue from two primary sources: (1) SaaS offerings which include digital evidence management, productivity solutions, and…View ↗
We enter into contracts that can include various combinations of products and services, each of which is generally distinct and accounted…View ↗
1.Software and Services: We develop, manufacture and sell cloud-based Software-as-a-Service (“SaaS”) solutions that leverage AI and enable…View ↗
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10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by product or service ↗
$2.8B
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10-K for FY2025, filed Feb 25, 2026
$2.8B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
TASER Devices
Sold outright
|
33%
FY2022: 24%
|
TASER Devices, FY2025
$913.9M Sources
|
Sold outright |
|
Personal Sensors
Sold outright
10-K for FY2025, filed Feb 25, 2026 |
14% |
Personal Sensors, FY2025
$397M Sources
|
Sold outright |
|
Platform Solutions
Sold outright
10-K for FY2025, filed Feb 25, 2026 |
9.6% |
Platform Solutions, FY2025
$265.9M Sources
|
Sold outright |
|
Software and Services
|
43% |
Software and Services, FY2025
$1.2B Sources
|
Who Are Their Customers?
Government agencies, businesses and consumers buy directly from Axon's sales force or through distribution partners and third-party resellers.
10-K for FY2025, filed Feb 25, 2026Our core customers across the public and private sectors include U.S. federal, state, and local governments, international governmental…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2025 and turned 3 cents into free cash flow.
10-K for FY2025, filed Feb 25, 2026
−$62.1MView ↗
10-K for FY2025, filed Feb 25, 2026
$124.7MView ↗
10-K for FY2025, filed Feb 25, 2026
$75.1MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 5, 2026
Raised full-year revenue growth outlook
It raised expected 2026 revenue growth to 32% to 34%, from 30% to 32%.
Sources
8-K, filed Aug 5, 2026
Axon’s strategy is rooted in a relentless focus on delivering better outcomes for our customers and the communities they serve, supported…View ↗
Emergency communications
The latest report describes AI-enabled emergency communications tools and cloud call-handling platforms, extending beyond the older report’s named suite of TASER devices, cameras, evidence management, productivity and real-time operations software.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 25, 2026
Who Do They Compete With?
Competes with 10-8 Video Systems, 365Labs, Axis Communications, Digital Ally, Genetec, Motorola Solutions, Oracle, Flock Safety, NiCE, Veritone, Central Square Technologies, Hexagon, Tyler Technologies, RapidSOS, BRINC, DJI, and Anduril
10-K for FY2025, filed Feb 25, 2026Sensors — Connected Cameras and Digital Evidence Management Software: The body camera and in-car video/automatic license plate readers…View ↗
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