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What changed in Axon Enterprise, Inc.'s latest annual report

In the year ended 31 Dec 2025, Axon Enterprise, Inc.'s revenue rose 33.5% to USD 2.78bn, from USD 2.08bn; net income fell 66.9% to USD 124.66m, from USD 377.03m; cash and cash equivalents rose 164.1% to USD 1.20bn, from USD 454.84m.

Year ended 31 Dec 2025. Source: 10-K filed 25 Feb 2026, read it on SEC EDGAR.

USD 2.08bn to USD 2.78bn

Revenue, up 33.5% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue2.08bn2.78bnUp 33.5%
Net income377.03m124.66mDown 66.9%
Total assets4.47bn7.00bnUp 56.4%
Total liabilities2.15bn3.76bnUp 75%
Long-term debt01.73bnNot comparable
Cash and cash equivalents454.84m1.20bnUp 164.1%
Shareholders' equity2.33bn3.24bnUp 39.3%

Questions people ask

Did Axon Enterprise, Inc.'s revenue grow last year?

Revenue grew 33.5%, from USD 2.08bn to USD 2.78bn in the year ended 31 Dec 2025.

Is Axon Enterprise, Inc. profitable?

Yes. Net income was USD 124.66m in the year ended 31 Dec 2025. The year before: USD 377.03m.

How much cash and debt does Axon Enterprise, Inc. have?

At its latest year end (31 Dec 2025), Axon Enterprise, Inc. reported cash and cash equivalents of USD 1.20bn and long-term debt of USD 1.73bn.

Where do these numbers come from?

From Axon Enterprise, Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Axon Enterprise, Inc. (AXON) 10-K: what changed year on year | LYNORIQ Insights