AXON Axon Enterprise
FY2025 10-K
Axon Enterprise (AXON) filed its fiscal year 2025 10-K annual report with the SEC on Feb 25, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
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
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
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
Financial SummaryXBRL
Revenue
$2.8B
Net Income
$125M
Gross Margin
59.7%
Operating Margin
-2.2%
Net Margin
4.5%
ROE
3.8%
Total Assets
$7.0B
EPS (Diluted)
$1.51
Operating Cash Flow
$211M
Source: XBRL data from Axon Enterprise FY2025 10-K filing on SEC EDGAR. All figures in USD.
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