Axon Enterprise, Inc.AXON
Price$422.52Intrinsic value$276.7135% below price

Financial Snapshot

Revenue, profitability, returns, debt, and capital allocation

Revenue $3.2B+54.6% YoYTTM through 30 Jun 2026
Net Income $199.3M-47.1% YoYTTM through 30 Jun 2026
Free Cash Flow $133.2MTTM through 30 Jun 2026

Margins

Current
Gross Margin59.6%
EBITDA Margin4.1%
Operating Margin-2.2%
Net Margin6.2%

Returns

3.8%ROE
1.8%ROA
4.1%ROIC

Balance Sheet Health

Debt / Equity0.59x
Current Ratio2.53x
Net Debt$209M
Cash & Equivalents$597.7M

Quality Metrics

Altman Z-Score6.79
Piotroski F-Score5 / 9
FCF Margin4.1%
Rule of 4019.3
Earnings-Beat Rate75.0%

Multi-Year Trend

Revenue
'19'20'21'22'23'24'25
FY2025: $2.8B
Diluted EPS$2.40TTM
'19'20'21'22'23'24'25
FY2025: $1.51

Dividend

No dividend

Capital Allocation

R&D Spend$768.4M
Capex Intensity4.1%

Segment Performance

SegmentRevenueYoYOutlook
Software and Services$1.2B+40.0%
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Targeting continued expansion driven by premium software adoption, AI solutions (such as Draft One and Axon Assistant), and real-time crime center integrations (Fusus).

Connected Devices$1.6B+29.0%
View details

Scaling hardware products while managing global tariffs and supply chain dynamics.

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