AXON at a glance
Axon Enterprise (AXON, SEC CIK 1069183) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 21, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Axon Enterprise (AXON) reported revenue of $2.8 billion (up 33.5% from FY2024) and net income of $124.7 million. Diluted EPS was $1.51.
- As of June 30, 2026, 41 institutional investment managers tracked by SignalX reported holding Axon Enterprise (AXON) shares worth $20.3 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Fields Isaiah on September 11, 2026 of 1,017 shares at $480.45 per share.
- In the last 90 days, AXON insiders reported 0 open-market purchases ($0) and 95 open-market sales ($26.7M) on Form 4, a net sale of $26.7M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.8B
- +33.5% vs prior year
- Insiders · 90 days
- 0 buys · 95 sells
- Net −$26.7M
- 13F holders
- 41 funds
- $20.3B · +1 vs prior quarter
- Latest 8-K
- Sep 21, 2026
- Item 1.01 · Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Management Discussion & Analysis
- Revenue $2.8B, up $697M (+33.5% YoY); Software & Services fastest-growing at +39.6%, Connected Devices +29.1%
- Operating margin -2.2% vs +2.8% YoY; gross margin 59.7% vs 59.6%; adjusted gross margin 62.6% vs 63.2%, pressured by tariffs and Platform Solutions mix
- Best segment: Software & Services gross margin 74.0%; worst: Connected Devices adjusted gross margin 51.2% vs 53.6% prior year
- Operating cash flow $211.3M vs $408.3M prior year; capex $136.3M; $1.75B Senior Notes issued; ATM equity raise generated $489.4M net proceeds; no buybacks disclosed
- Post-period acquired Carbyne for $625M cash; global tariffs and rising SBC ($610M in FY25) cited as key cost risks
Risk Factors
- ATF regulates TASER 10 CED under National Firearms Act 1934 and Gun Control Act 1968; non-compliance risks suspension of entire product line
- Tariffs on PRC, Mexico, Canada imports directly raise supply costs; TASER 10 CED components face ATF import permit restrictions limiting supplier alternatives
- Unremediated material weakness in revenue recognition internal controls as of December 31, 2025; prior restatement of 2027 Notes classification between current and long-term liabilities
- AI Act (EU) imposes heightened compliance requirements on law enforcement AI products; potential recalls if noncompliant with evolving regulations
- CEO Patrick Smith identified as key-person dependency; no key-person insurance maintained on any officers or employees
Business Overview
- Integrated public safety tech platform: hardware (TASER, cameras, drones) plus AI-enhanced SaaS, generating $1.3B annual recurring revenue as of Dec 31, 2025
- Segment realignment: split former "TASER" and "Software & Sensors" into "Software & Services" and "Connected Devices" for greater transparency
- Carbyne acquisition expanded Axon into core NG911 call-handling layer, deepening emergency communications beyond prior over-the-top AI tools
- Full-time headcount grew ~1,000 to 5,100+, up 24% YoY, driven by sales/R&D hiring and acquisitions
- Regrettable attrition below 1.0% with 88%+ employee pride score: unusually strong retention metrics for a high-growth tech firm
AI summary of the AXON 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $904.4M, up 35.3% YoY from $668.5M
- Operating margin 5.1% vs negative 0.2% YoY; gross margin 60.4% vs 60.4%
- Platform Solutions best product line, revenue $149.8M, up 122.6%; Personal Sensors weakest, up 2.8% to $95.4M
- Software and Services margin 71.3% vs 75.6%; Connected Devices margin 51.9% vs 48.6%
- $47.4M tariff refunds received; higher professional-services mix and AI investment pressured margins and expenses
Risk Factors
- No significant changes to risk factors from the December 31, 2025 Form 10-K
- Carried-forward risks unchanged; quarter-specific risk details not provided
- No new regulatory, legal, compliance, operational, competitive, market, or financial risks identified
AI summary of the AXON 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- Second Amendment to an existing Credit Agreement entered into by Axon
- Amendment terms incorporated by reference in Exhibit 10.2
Item 7.01: Regulation FD Disclosure
- Exhibit 99.1 furnished under Regulation FD, making its disclosed information publicly available
- Disclosure excluded from Section 18 Exchange Act filing-liability provisions
Item EX-99.1: Item EX-99.1
- $1.0B 0% convertible notes due September 15, 2031, providing non-cash-interest financing
- Approximately $986.0M net proceeds, or $1,134.3M with full over-allotment exercise
Item 7.01: Regulation FD Disclosure
- Exhibit 99.1 furnished under Regulation FD, likely containing the substantive investor disclosure
- Information not treated as “filed” under Exchange Act Section 18, limiting liability exposure
Item 1.01: Entry into a Material Definitive Agreement
- Revolving facility increased from $300 million to $500 million, with an additional $150 million expansion option
- Maturity extended from March 11, 2030 to potentially September 18, 2031, subject to Convertible Notes conditions
Item EX-99.1: Item EX-99.1
- Proposed $1.0B of 0% convertible senior notes due September 15, 2031, subject to market conditions
- Potential $150M overallotment increases maximum issuance to $1.15B
Item 2.02: Results of Operations and Financial Condition
- Shareholder letter covers Q2 and six months ended June 30, 2026
- Financial results and management commentary contained in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 revenue $904M, up 35% YoY; growth remains broad-based across Software & Services and Connected Devices
- ARR $1.6B, up 39%, with 126% net revenue retention indicating strong expansion among existing customers
AI summaries of AXON 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for AXON
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Brooks Cameron | F | Oct 1, 2026 | 5,850 | $422.21 |
| Fields Isaiah | Sell | Sep 11, 2026 | 1,017 | $480.45 |
| SMITH PATRICK W | Sell | Sep 8, 2026 | 1,251 | $511.43 |
| SMITH PATRICK W | Sell | Sep 8, 2026 | 749 | $507.48 |
| SMITH PATRICK W | Sell | Sep 8, 2026 | 1,319 | $509.32 |
| SMITH PATRICK W | Sell | Sep 8, 2026 | 1,348 | $510.59 |
| SMITH PATRICK W | Sell | Sep 8, 2026 | 410 | $503.74 |
| SMITH PATRICK W | Sell | Sep 8, 2026 | 71 | $501.99 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.1B | $2.8B |
| Gross Profit | - | $1.2B | $1.7B |
| Operating Income | - | $58.5M | -$62.1M |
| Net Income | - | $377.0M | $124.7M |
| Gross Margin | - | 59.6% | 59.7% |
| Op. Margin | - | 2.8% | -2.2% |
| Net Margin | - | 18.1% | 4.5% |
| Balance Sheet | |||
| Total Assets | $3.4B | $4.5B | $7.0B |
| Equity | - | $2.3B | $3.2B |
| ROE | - | 16.2% | 3.8% |
| Per Share | |||
| EPS | - | $4.80 | $1.51 |
| Cash Flow | |||
| Operating CF | - | $408.3M | $211.3M |
| CapEx | $59.6M | $78.8M | $136.3M |
Source: XBRL data in Axon Enterprise (AXON)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate AXON share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 41 | $20.28B |
| Q1 2026 | 40 | $14.19B |
| Q4 2025 | 39 | $19.14B |
| Q3 2025 | 42 | $25.09B |
| Q2 2025 | 40 | $27.10B |
| Q1 2025 | 33 | $12.56B |
| Q4 2024 | 31 | $12.52B |
| Q3 2024 | 24 | $3.93B |
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- JPMorgan Chase & Co−52.8K (-8%)
- Millennium Management−40.3K (-32%)
- Blackstone Group−693
Source: 13F-HR filings on SEC EDGAR (aggregated from 290 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
AXON filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 8-K | Sep 21, 2026 | - | Analysis | - |
| 8-K | Sep 15, 2026 | - | Analysis | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 13F-HR | Aug 14, 2026 | Jun 30, 2026 | - | |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
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AXON SEC filings: frequently asked questions
Are AXON insiders buying or selling?
In the last 90 days, Axon Enterprise (AXON) officers, directors and 10% owners reported no open-market purchases and 95 open-market sales worth $26.7 million by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold AXON stock?
As of June 30, 2026, the largest Axon Enterprise (AXON) holders among the 13F filers tracked by SignalX were BlackRock ($4.7 billion), Vanguard Capital Management LLC ($2.9 billion), State Street Corp ($2.2 billion), Vanguard Portfolio Management LLC ($2.1 billion), Invesco Ltd ($1.8 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was AXON's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Axon Enterprise (AXON) reported revenue of $2.8 billion (up 33.5% from FY2024) and net income of $124.7 million. Diluted EPS was $1.51. The figures come from the XBRL data in the 10-K.
What are the main risks in AXON's latest 10-K?
In the 10-K filed February 25, 2026, Axon Enterprise (AXON) flagged: ATF regulates TASER 10 CED under National Firearms Act 1934 and Gun Control Act 1968; non-compliance risks suspension of entire product line. Tariffs on PRC, Mexico, Canada imports directly raise supply costs; TASER 10 CED components face ATF import permit restrictions limiting supplier alternatives. (AI summary of the Risk Factors section.)
What did AXON report in its latest 8-K?
Axon Enterprise (AXON) filed an 8-K on September 21, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement) and Item 7.01 (Regulation FD Disclosure). Second Amendment to an existing Credit Agreement entered into by Axon.
What are the latest AXON SEC filings?
Axon Enterprise (AXON) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 21, 2026 and a Form 4 insider filing on October 2, 2026.
What is AXON's SEC CIK number?
Axon Enterprise (AXON)'s SEC Central Index Key (CIK) is 1069183. EDGAR lists every AXON filing under that number.
Ask anything about AXON
The research agent reads AXON's filings, financials, insider trades and 13F holders, then answers with sources.