Industrials · Aerospace & Defense
Axon Enterprise: revenue, profit and cash flow
In fiscal 2025, Axon Enterprise had revenue of $2.78B, up 30.2% a year on average since 2015, and net income of $125M (4.5% of revenue). It has 51% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +33.5% vs 2024
- Ticker
- AXON · Nasdaq
- Sector
- Industrials
- Sub-industry
- Aerospace & Defense
- Headquarters
- Scottsdale, Arizona
- Founded
- 1993
- In the S&P 500 since
- May 4, 2023
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Axon Enterprise, Inc. · CIK 0001069183
Revenue and net income
Revenue went from $104M in 2009 to $2.78B in 2025. Net loss in 2009–2011, 2020–2021.
Diluted earnings per share
Diluted EPS went from $0.00 in 2009 to $1.51 in 2025. Ten-year growth: 15.4% a year.
Shares outstanding
50.8% more shares in 2025 than in 2015 (54.6M → 82.4M): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $75.1M in 2025, 2.7% of revenue. Negative in 2009–2010, 2020.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2.78B | $125M | 4.5% | $1.51 | 82.4M | $211M | $136M | $75.1M |
| 2024 | $2.08B | $377M | 18.1% | $4.80 | 78.6M | $408M | $78.8M | $330M |
| 2023 | $1.56B | $176M | 11.3% | $2.33 | 75.5M | $189M | $59.6M | $130M |
| 2022 | $1.19B | $147M | 12.4% | $2.03 | 72.5M | $235M | $55.8M | $180M |
| 2021 | $863M | −$60M | −7.0% | −$0.91 | 66.2M | $124M | $49.9M | $74.6M |
| 2020 | $681M | −$1.72M | −0.3% | −$0.03 | 61.8M | $38.5M | $72.6M | −$34.1M |
| 2019 | $531M | $882K | 0.2% | $0.01 | 60M | $65.7M | $15.9M | $49.7M |
| 2018 | $420M | $29.2M | 7.0% | $0.50 | 57.9M | $63.9M | $11.1M | $52.7M |
| 2017 | $344M | $5.21M | 1.5% | $0.10 | 53.9M | $18.5M | $10.4M | $8.05M |
| 2016 | $268M | $17.3M | 6.4% | $0.32 | 53.5M | $21.1M | $4.96M | $16.2M |
| 2015 | $198M | $19.9M | 10.1% | $0.36 | 54.6M | $46.4M | $6.0M | $40.4M |
| 2014 | $165M | $19.9M | 12.1% | $0.37 | 54.5M | $35.4M | $2.5M | $32.9M |
| 2013 | $138M | $18.2M | 13.2% | $0.34 | 54.2M | $32.4M | $1.78M | $30.6M |
| 2012 | $115M | $14.7M | 12.8% | $0.27 | 54.7M | $26.5M | $1.33M | $25.2M |
| 2011 | $90M | −$7.04M | −7.8% | −$0.12 | 59.4M | $17.3M | $1.85M | $15.4M |
| 2010 | $86.9M | −$4.38M | −5.0% | −$0.07 | 62.5M | $732K | $4.02M | −$3.29M |
| 2009 | $104M | −$1.11K | −0.0% | $0.00 | 61.9M | $10.1M | $13.7M | −$3.59M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- No dividends per share in the filings data. Usually that means no dividend, but some companies report theirs in a form the data do not capture.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Aerospace & Defense companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.