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Axon Enterprise

AXON · Industrials

Last earnings Aug 5, 2026  ·  Next earnings Nov 5, 2026

Key results

Revenuequarter

$604 million

revenue of $604 million, up 31% year over year Software Services revenue grows 39% to $263 million Annual recurring revenue grows 34% to $1.1 billion

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Software Services revenuequarter

31%

revenue of $604 million, up 31% year over year Software Services revenue grows 39% to $263 million Annual recurring revenue grows 34% to $1.1 billion

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Net incomequarter

$88 million

Net income of $88 million supports non-GAAP

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

First quarter revenue reached $604 million, representing 31% year-over-year growth and marking our 13th consecutive quarter of growth exceeding 25%.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

We continued to demonstrate profitable expansion, with a net income margin of 14.6% and an Adjusted EBITDA margin of 25.7%.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Growthquarter

up 39%

Our performance was led by Software Services, which generated $263 million in revenue, up 39% year over year, driven by robust demand for our premium software offerings and an expanding user base.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Recurring revenuequarter

34%

Customers continue to find increasing value in our growing suite of solutions, with Annual Recurring Revenue (ARR) increasing 34% year over year to $1.1 billion and net revenue retention of 123%.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Connected Devices revenuequarter

$341 million

Connected Devices revenue totaled $341 million, up 26% year over year, with growth across all major device categories.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

TASER revenuequarter

19%

TASER revenue grew 19% year over year to $195 million, reflecting continued strength in demand for TASER 10.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

AI analysis

Q1 2025 · reported May 7, 2025

Based on: Earnings release + parent 8-K — transcript not held

Revenue · Q1 2025
$604M
EX-99 · May 7, 2025
Net income · Q1 2025
$88M
EX-99 · May 7, 2025
Connected Devices revenue · Q1 2025
$341M
EX-99 · May 7, 2025

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · May 7, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ1 2025Prior qtrYear ago
Revenue$604 million——
Software Services revenue31%——
Net income$88 million——
Growthup 39%——
Recurring revenue34%——
Connected Devices revenue$341 million——
TASER revenue19%——

EX-99 · May 7, 2025

Guidance · company-stated

Direction: Raised

Revenue$604 million

“com Axon reports Q1 2025 revenue of $604 million, up 31% year over year Software Services revenue grows 39% to $263 million Annual recurring revenue grows 34% to $1.1 billion Net income of $88 million supports non-GAAP net income of $115 million and Adjusted EBITDA of $155 million Raises full year revenue outlook to a range of $2.60 billion to $2.70 billion, up from $2.55 billion to $2.65 billion.”

Margin

“We continue to target an Adjusted EBITDA margin of approximately 25%, or $650 million to $675 million, an increase from our previous outlook of $640 million to $670 million.”

Revenue

“This is an increase from our prior revenue guidance range of $2.55 billion to $2.65 billion.”

Margin

“This is an increase from our prior Adjusted EBITDA margin guidance range of $640 million to $670 million.”

Company outlook — Raised

“Strong alignment with our customers, expanding vertical applications and sustained product innovation underpin Axon s increased outlook for the remainder of the year.”

Company outlook — Initiated

“Our Adjusted EBITDA guidance includes expected impacts from recently introduced reciprocal tariffs.”

Midpoint vs latest-quarter revenue0.0%computed from stated figures

Classified from the release's primary full-year outlook statement.

Next earningsNov 5, 2026Verified from the company’s own announcement

Capital allocation

Capex$160M

agent accounting of certain reseller arrangements under ASC 606 previously reported in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, as well as the restatement related to the balance sheet presentation of our convertible notes due 2027 discussed in Item 4.02 of the Form 8-K filed on May 7, 2025.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue 0.0% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Axon Enterprise Q1 2025 — revenue of $604 million, up 31% year over year Software Services revenue grows 39% to $263 million Annual recurring revenue grows 34% to $1.1 billion

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “com Axon reports Q1 2025 revenue of $604 million, up 31% year over year Software Services revenue grows 39% to $263 million Annual recurring revenue grows 34% to $1.1 billion Net income of $88 million supports non-GAAP net income of $115 million and Adjusted EBITDA of $155 million Raises full year revenue outlook to a range of $2.60 billion to $2.70 billion, up from $2.55 billion to $2.65 billion.”

Margin: “We continue to target an Adjusted EBITDA margin of approximately 25%, or $650 million to $675 million, an increase from our previous outlook of $640 million to $670 million.”

Revenue: “This is an increase from our prior revenue guidance range of $2.55 billion to $2.65 billion.”

Margin: “This is an increase from our prior Adjusted EBITDA margin guidance range of $640 million to $670 million.”

Revenue — Raised (“Raises”)
“com Axon reports Q1 2025 revenue of $604 million, up 31% year over year Software Services revenue grows 39% to $263 million Annual recurring revenue grows 34% to $1.1 billion Net income of $88 million supports non-GAAP net income of $115 million and Adjusted EBITDA of $155 million Raises full year revenue outlook to a range of $2.60 billion to $2.70 billion, up from $2.55 billion to $2.65 billion.”

Company outlook — Raised (“increased”)
“Strong alignment with our customers, expanding vertical applications and sustained product innovation underpin Axon s increased outlook for the remainder of the year.”

Margin — Raised (“increase”)
“We continue to target an Adjusted EBITDA margin of approximately 25%, or $650 million to $675 million, an increase from our previous outlook of $640 million to $670 million.”

Revenue — Raised (“increase”)
“This is an increase from our prior revenue guidance range of $2.55 billion to $2.65 billion.”

Company outlook — Initiated (“introduced”)
“Our Adjusted EBITDA guidance includes expected impacts from recently introduced reciprocal tariffs.”

Margin — Raised (“increase”)
“This is an increase from our prior Adjusted EBITDA margin guidance range of $640 million to $670 million.”

Classified from the release's primary full-year outlook statement.

Capital allocation

agent accounting of certain reseller arrangements under ASC 606 previously reported in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, as well as the restatement related to the balance sheet presentation of our convertible notes due 2027 discussed in Item 4.02 of the Form 8-K filed on May 7, 2025.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

We expect 2025 CapEx to be in the range of $160 million to $180 million.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Our 2025 CapEx plans include long-term R D investment projects, continued capacity expansion, global facility build-outs and new product development costs.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Expected capital expenditures do not include costs related to investments in a new headquarters as we await local zoning and planning decisions that could impact our development plans.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Strategy & priorities

We continued to demonstrate profitable expansion, with a net income margin of 14.6% and an Adjusted EBITDA margin of 25.7%.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

We provide Adjusted EBITDA guidance, rather than net income guidance, due to the inherent difficulty of forecasting certain types of expenses and gains such as stock-based compensation, income tax expenses and gains or losses on marketable securities and strategic investments, which affect net income but not Adjusted EBITDA.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Our 2025 CapEx plans include long-term R D investment projects, continued capacity expansion, global facility build-outs and new product development costs.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Risks & headwinds

Across nearly 90 breakout sessions and daily keynotes, we highlighted innovations designed to meet the evolving challenges faced by public safety professionals.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

2025 Outlook The following forward-looking statements reflect Axon s expectations as of May 7, 2025 and are subject to risks and uncertainties.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Our Adjusted EBITDA guidance includes expected impacts from recently introduced reciprocal tariffs.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Achievement of future results is subject to risks, uncertainties and potentially inaccurate assumptions.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could differ materially from past results and those anticipated, estimated or projected.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

SEC original ↗Axon Enterprise — Earnings release (8-K exhibit)EX-99May 7, 2025

Competitors

Competitors & peers

Named in the company’s own filings

Motorola Solutions (MSI)“Our competition includes 10-8 Video Systems, 365Labs, Applied Concepts, Axis Communications, Coreforce, Digital Ally, Duress, Genetec, Getac, HALOS Body Cameras, Hikvision, Hytera, Insight LPR, IONODES, i-PRO, Kustom Signals, LensLock, Motorola Solutions, Tait Communications, Oracle, PatrolEyes, Pinnacle Response, Pro-Vision, Recoda, Reveal Media, Safe Fleet, Versaterm, Wireless CCTV, Wolfcom Ente”Oracle Corporation (ORCL)“Our competition includes 10-8 Video Systems, 365Labs, Applied Concepts, Axis Communications, Coreforce, Digital Ally, Duress, Genetec, Getac, HALOS Body Cameras, Hikvision, Hytera, Insight LPR, IONODES, i-PRO, Kustom Signals, LensLock, Motorola Solutions, Tait Communications, Oracle, PatrolEyes, Pinnacle Response, Pro-Vision, Recoda, Reveal Media, Safe Fleet, Versaterm, Wireless CCTV, Wolfcom Ente”Nice Ltd. (NICE)“Our competition includes 365Labs, Coreforce, FileOnQ, FotoWare, Genetec, Guardify, i-PRO, Motorola Solutions, NiCE, Omnigo, OpenText Corporation, Oracle, Revir Technologies, Safe Fleet, Veritone, and Vidizmo.”
Documents

Filings

64 documents

Earnings releases

17 documents

Presentations

0 documents

No presentations for Axon Enterprise are held in this edition of the library.

Transcripts

0 documents

No transcripts for Axon Enterprise are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Axon Enterprise by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.