Financial Statements — AXON
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.46 | 1.42 | 0.62 | 1.09 | 0.70 | 0.57 | 0.40 | 0.41 | 0.47 | 0.26 | 0.15 | 0.21 | 0.39 | 0.28 | 0.27 | 0.15 |
| Short-term Investments | 0.26 | 0.95 | 1.47 | 1.10 | 0.31 | 0.40 | 0.56 | 0.72 | 0.59 | 0.78 | 0.19 | 0.12 | 0.02 | 0.22 | 0.39 | 0.44 |
| Inventory | 0.41 | 0.32 | 0.31 | 0.28 | 0.27 | 0.28 | 0.27 | 0.26 | 0.25 | 0.22 | 0.17 | 0.15 | 0.12 | 0.09 | 0.09 | 0.09 |
| Total Current Assets | 2.74 | 4.22 | 3.83 | 3.78 | 2.43 | 2.21 | 2.20 | 2.26 | 2.11 | 2.05 | 1.21 | 1.17 | 1.15 | 1.12 | 1.08 | 0.99 |
| Property, Plant & Equipment | 0.34 | 0.28 | 0.27 | 0.26 | 0.24 | 0.22 | 0.21 | 0.19 | 0.18 | 0.17 | 0.16 | 0.16 | 0.15 | 0.13 | 0.12 | 0.11 |
| Goodwill | 1.89 | 0.77 | 0.76 | 0.76 | 0.31 | 0.31 | 0.31 | 0.06 | 0.06 | 0.04 | 0.04 | 0.05 | 0.04 | 0.03 | 0.03 | 0.03 |
| Intangible Assets | 0.28 | 0.13 | 0.14 | 0.14 | 0.08 | 0.08 | 0.09 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets* | 4.32 | 2.44 | 2.39 | 2.31 | 1.57 | 1.54 | 1.41 | 1.00 | 0.96 | 0.96 | 0.80 | 0.76 | 0.63 | 0.52 | 0.45 | 0.42 |
| Total Assets | 7.07 | 6.66 | 6.22 | 6.08 | 4.01 | 3.74 | 3.62 | 3.25 | 3.08 | 3.01 | 2.01 | 1.93 | 1.77 | 1.65 | 1.53 | 1.40 |
| Accounts Payable | 0.18 | 0.11 | 0.12 | 0.10 | 0.08 | 0.10 | 0.08 | 0.09 | 0.07 | 0.07 | 0.05 | 0.06 | 0.05 | 0.03 | 0.01 | 0.02 |
| Total Current Liabilities | 1.21 | 1.35 | 1.30 | 1.34 | 0.82 | 0.77 | 0.76 | 0.72 | 0.63 | 0.62 | 0.43 | 0.43 | 0.47 | 0.38 | 0.27 | 0.24 |
| Long-term Debt | 1.73 | 2.01 | 2.01 | 2.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 2.32 | 2.28 | 2.19 | 2.19 | 1.08 | 1.05 | 1.04 | 1.02 | 1.01 | 0.99 | 0.35 | 0.31 | 0.18 | 0.15 | 0.16 | 0.15 |
| Total Liabilities | 3.53 | 3.63 | 3.48 | 3.53 | 1.91 | 1.81 | 1.80 | 1.73 | 1.63 | 1.60 | 0.78 | 0.74 | 0.65 | 0.53 | 0.43 | 0.39 |
| Retained Earnings | 1.11 | 0.93 | 0.94 | 0.90 | 0.68 | 0.61 | 0.56 | 0.37 | 0.31 | 0.30 | 0.23 | 0.22 | 0.16 | 0.12 | 0.07 | 0.12 |
| Total Stockholder Equity | 3.53 | 3.03 | 2.73 | 2.56 | 2.10 | 1.93 | 1.82 | 1.52 | 1.44 | 1.40 | 1.23 | 1.19 | 1.12 | 1.11 | 1.10 | 1.01 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 807.35 | 796.72 | 710.64 | 668.54 | 603.63 | 573.42 | 544.27 | 504.10 | 460.74 | 415.37 | 413.60 | 374.61 | 343.04 | 336.14 | 311.75 | 285.61 | 256.43 | 217.58 | 231.99 | 218.80 |
| Cost of Revenue | 330.06 | 335.43 | 283.29 | 264.80 | 237.89 | 226.57 | 213.53 | 200.36 | 200.69 | 160.20 | 158.33 | 142.48 | 138.94 | 130.46 | 118.50 | 111.65 | 100.69 | 82.52 | 87.42 | 80.87 |
| Gross Profit | 477.29 | 461.30 | 427.35 | 403.74 | 365.74 | 346.85 | 330.75 | 303.74 | 260.05 | 255.17 | 255.27 | 232.12 | 204.10 | 205.68 | 193.26 | 173.96 | 155.74 | 135.06 | 144.57 | 137.93 |
| Research & Development | 188.95 | 194.04 | 176.67 | 162.57 | 151.02 | 134.59 | 114.48 | 101.43 | 91.10 | 83.97 | 76.88 | 71.94 | 70.93 | 68.72 | 59.13 | 57.55 | 48.42 | 50.67 | 42.38 | 53.95 |
| Selling, General & Admin | 259.09 | 317.37 | 252.80 | 242.21 | 223.51 | 226.96 | 192.19 | 169.43 | 152.67 | 123.11 | 123.28 | 119.92 | 116.57 | 114.42 | 102.02 | 95.01 | 90.13 | 111.45 | 99.30 | 177.66 |
| Total Operating Expenses | 448.04 | 511.41 | 429.48 | 404.78 | 374.53 | 361.55 | 306.67 | 270.86 | 243.77 | 199.99 | 200.16 | 191.86 | 187.49 | 183.14 | 161.15 | 152.55 | 138.54 | 162.13 | 141.68 | 231.61 |
| Operating Income | 29.24 | (50.12) | (2.13) | (1.04) | (8.79) | (14.69) | 24.08 | 32.87 | 16.28 | 55.18 | 55.11 | 40.26 | 16.61 | 22.54 | 32.11 | 21.41 | 17.19 | (27.07) | 2.89 | (93.68) |
| Pretax Income | 200.22 | (66.24) | 15.70 | (38.88) | 108.39 | 85.63 | 79.57 | 50.59 | 165.72 | 69.49 | 69.42 | (12.11) | 41.88 | 34.73 | 20.86 | 68.44 | 72.49 | (37.21) | (2.64) | (51.84) |
| Tax Provision | 30.91 | (68.98) | 17.89 | (75.00) | 20.41 | (50.37) | 12.54 | 9.79 | 32.50 | 9.88 | 10.03 | (24.53) | (3.25) | 5.56 | 8.73 | 17.48 | 17.62 | (23.71) | (51.16) | (4.73) |
| Net Income | 169.31 | 2.75 | (2.19) | 36.12 | 87.98 | 135.99 | 67.03 | 40.80 | 133.22 | 59.61 | 59.40 | 12.42 | 45.14 | 29.18 | 12.13 | 50.96 | 54.87 | (13.51) | 48.52 | (47.12) |
| Basic EPS | 2.11 | 0.03 | (0.03) | 0.46 | 1.14 | 1.78 | 0.89 | 0.54 | 1.77 | 0.77 | 0.79 | 0.17 | 0.62 | 0.41 | 0.17 | 0.72 | 0.77 | (0.17) | 0.73 | (0.72) |
| Diluted EPS | 2.05 | 0.02 | (0.03) | 0.44 | 1.08 | 1.68 | 0.86 | 0.53 | 1.73 | 0.76 | 0.78 | 0.16 | 0.61 | 0.39 | 0.17 | 0.71 | 0.76 | (0.11) | 0.67 | (0.72) |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (0.03) | 0.22 | 0.06 | (0.09) | 0.03 | 0.25 | 0.09 | 0.08 | (0.02) | 0.14 | 0.06 | 0.04 | (0.06) | 0.13 | 0.04 | 0.02 | 0.04 | 0.01 | 0.02 | 0.03 |
| Capital Expenditures | 0.02 | 0.06 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Free Cash Flow* | (0.05) | 0.16 | 0.03 | (0.11) | 0.00 | 0.23 | 0.06 | 0.07 | (0.03) | 0.12 | 0.05 | 0.03 | (0.06) | 0.12 | 0.03 | 0.01 | 0.03 | -0.00 | 0.00 | 0.02 |
| Investing Cash Flow | (0.62) | (0.23) | 0.59 | (0.39) | (0.70) | (0.44) | 0.04 | 0.08 | (0.17) | 0.05 | (0.12) | 0.15 | (0.07) | (0.53) | (0.10) | (0.19) | (0.01) | 0.16 | 0.07 | 0.08 |
| Financing Cash Flow | (0.09) | (0.22) | 0.16 | -0.00 | 1.31 | (0.03) | (0.01) | -0.00 | -0.00 | -0.00 | (0.01) | 0.01 | 0.04 | 0.60 | -0.00 | -0.00 | -0.00 | (0.10) | (0.07) | -0.00 |
* Derived from reported values
