Axon Enterprise, Inc. (AXON)

From the record

Axon Enterprise, Inc.'s filings since 2017 show 4 warning events of 3 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2025-05-07); an auditor change (8-K item 4.01, the latest 2024-02-27); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2021-11-04) (its current reports).

From the record

Axon Enterprise, Inc.'s 10 filed years say what it did: revenue went from $268 million in fiscal 2016 to $2.8 billion in fiscal 2025, up 29.7% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 8 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Axon Enterprise, Inc.'s diluted share count grew about 4.3% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 296 sales (227 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-02 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Axon Enterprise, Inc. earned about 4 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 24 cents per dollar of everything the company owns. Leverage: it owed about 54 cents per dollar of assets, and net share issuance: its share count grew 4.9% over the year (the filed statements).

From the record

Axon Enterprise, Inc.'s standing among 35 graded names in its industry family: revenue of $2.8 billion in fiscal 2025 ranks in the top 27% by size; a net margin of 4.5% ranks in the top 41%; revenue growth of 32.8% a year over the last 3 filed years ranks in the top 4% (its annual reports).

From the record

Axon Enterprise, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Smith, Patrick W (CHIEF EXECUTIVE OFFICER, as filed), filing under that title since 2007-05-30, 19.5 years (top 2% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 3.7 years (bottom 13%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (bottom 47%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Axon Enterprise, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.2 billion against debt of $1.7 billion leaves -7.6% of its assets as net cash, bottom 39% of its family; cash from operations less capital spending is 2.7% of revenue (bottom 36%); a gross margin of 59.7% (top 5%); research spending of 24.6% of revenue (top 16%) (its annual report).

From the record

Axon Enterprise, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 32.8% a year over the last three filed years against 29.7% over all 10, speeding up (top 11% of its family); the newest year grew 33.5% (top 4%); research spending grew 43% a year (top 8%); capital spending grew 34.7% a year (top 8%) (its annual reports). Axon Enterprise, Inc. reported 2 lines of business in fiscal 2025: Connected Devices at $1.6 billion (57%), Software and Services at $1.2 billion (43%); 2 of 2 grew against the year before (its annual report).

From the record

Axon Enterprise, Inc.'s newest year against its own record: revenue of $2.8 billion in fiscal 2025 came in 0.8% above the $2.8 billion its prior three years' pace pointed to (bottom 31% of its family); net income of $125 million against a prior three-year average of $233 million (bottom 31%); a net margin of 4.5% against 13.9% before (bottom 13%) (its annual reports).