Axon Enterprise Inc. (AXON) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
17800 N. 85TH ST. SCOTTSDALE, AZ 85255 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 348 - Ordnance And Accessories, Except Vehicles And Guided Missiles (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,242,599 | 935,453 | 370,842 | 561,965 | 350,784 | 349,462 | |||
| Cash and cash equivalent | 598,545 | 353,684 | 356,332 | 155,440 | 172,250 | 349,462 | |||
| Short-term investments | 644,054 | 581,769 | 14,510 | 406,525 | 178,534 | ||||
| Receivables | 422,490 | 367,090 | 334,719 | 247,801 | 166,578 | 147,879 | |||
| Inventory, net of allowances, customer advances and progress billings | 269,855 | 202,471 | 108,688 | 89,958 | 38,845 | 33,763 | |||
| Inventory | 269,855 | 202,471 | 108,688 | 89,958 | 38,845 | 33,763 | |||
| Contract with customer, asset, after allowance for credit loss | 275,779 | 196,902 | 180,421 | 63,945 | 47,718 | 13,960 | |||
| Capitalized contract cost | 46,335 | 29,405 | 19,962 | 13,316 | 9,623 | 7,062 | |||
| Other undisclosed current assets | 139,591 | 73,957 | 94,858 | 4,967 | 5,543 | 6,029 | |||
| Total current assets: | 2,396,649 | 1,805,278 | 1,109,490 | 981,952 | 619,091 | 558,155 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 200,533 | 169,843 | 138,457 | 105,494 | 43,770 | 37,893 | |||
| Long-term investments and receivables | 2,588 | 161,417 | 42,488 | 113,138 | 77,097 | 40,230 | |||
| Long-term investments | 156,207 | 31,232 | 90,681 | 45,499 | |||||
| Accounts and financing receivable, after allowance for credit loss | 2,588 | 5,210 | 11,256 | 22,457 | 31,598 | 40,230 | |||
| Intangible assets, net (including goodwill) | 77,484 | 57,141 | 59,062 | 34,653 | 37,784 | 40,916 | |||
| Goodwill | 57,945 | 44,983 | 43,592 | 25,205 | 25,013 | 24,981 | |||
| Intangible assets, net (excluding goodwill) | 19,539 | 12,158 | 15,470 | 9,448 | 12,771 | 15,935 | |||
| Contract with customer, asset, after allowance for credit loss | 77,710 | 45,170 | 29,753 | 20,099 | |||||
| Deferred income tax assets | 229,513 | 156,866 | 127,193 | 45,770 | 27,688 | ✕ | |||
| Other noncurrent assets | 220,638 | 159,616 | 98,247 | 79,917 | 40,209 | 22,999 | |||
| Other undisclosed noncurrent assets | 231,730 | 296,563 | 83,520 | 19,347 | |||||
| Total noncurrent assets: | 1,040,196 | 1,046,616 | 578,720 | 399,071 | 226,548 | 161,385 | |||
| TOTAL ASSETS: | 3,436,845 | 2,851,894 | 1,688,210 | 1,381,023 | 845,639 | 719,540 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 276,556 | 215,852 | 135,927 | 83,985 | 70,875 | 56,256 | |||
| Accounts payable | 88,326 | 59,918 | 32,220 | 24,142 | 25,874 | 15,164 | |||
| Accrued liabilities | 188,230 | 155,934 | 103,707 | 59,843 | 45,001 | 41,092 | |||
| Deferred revenue | 491,691 | 360,037 | 265,591 | 163,959 | 117,864 | ✕ | |||
| Other liabilities | 9,787 | 6,358 | 6,540 | 5,431 | 3,853 | 37 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 107,016 | ||
| Other undisclosed current liabilities | 21,935 | 20,399 | 10,463 | 2,956 | 2,974 | 2,702 | |||
| Total current liabilities: | 799,969 | 602,646 | 418,521 | 256,331 | 195,566 | 166,011 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 677,113 | 673,967 | |||||||
| Long-term debt, excluding current maturities | 677,113 | 673,967 | |||||||
| Liabilities, other than long-term debt | 347,729 | 306,790 | 221,840 | 148,437 | 102,746 | 83,356 | |||
| Deferred revenue | 281,852 | 248,003 | 185,721 | 111,222 | 87,936 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 74,417 | ||
| Deferred compensation liability, classified | 11,342 | 6,285 | 5,679 | 4,732 | 3,936 | 3,235 | |||
| Deferred income tax liabilities | 1 | 811 | 649 | 354 | ✕ | ||||
| Liability for uncertainty in income taxes | 18,049 | 10,745 | 3,797 | 4,503 | |||||
| Other liabilities | 2,936 | 4,613 | 25,832 | 27,331 | 10,520 | 5,704 | |||
| Operating lease, liability | 33,550 | 37,143 | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 3,832 | 2,849 | |||||||
| Total noncurrent liabilities: | 1,024,842 | 980,757 | 221,840 | 148,437 | 106,578 | 86,205 | |||
| Total liabilities: | 1,824,811 | 1,583,403 | 640,361 | 404,768 | 302,144 | 252,216 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,612,034 | 1,268,491 | 1,047,849 | 976,255 | 543,495 | 467,324 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (155,947) | (155,947) | (155,947) | (155,947) | (155,947) | (155,947) | |||
| Additional paid in capital | 1,347,410 | 1,174,594 | 1,095,229 | 962,159 | 528,272 | 453,400 | |||
| Accumulated other comprehensive income (loss) | (10,679) | (7,179) | (1,317) | 141 | (1,096) | (1,513) | |||
| Retained earnings | 431,249 | 257,022 | 109,883 | 169,901 | 172,265 | 171,383 | |||
| Total equity: | 1,612,034 | 1,268,491 | 1,047,849 | 976,255 | 543,495 | 467,324 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,436,845 | 2,851,894 | 1,688,210 | 1,381,023 | 845,639 | 719,540 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,563,391 | 1,189,935 | 863,381 | 681,003 | 530,860 | 420,068 | ||
| Cost of revenue (Cost of Product and Service Sold) | (608,009) | (461,297) | (322,471) | (264,672) | (223,574) | (161,485) | ||
| Gross profit: | 955,382 | 728,638 | 540,910 | 416,331 | 307,286 | 258,583 | ||
| Operating expenses | (800,593) | (635,385) | (709,033) | (430,481) | (313,680) | (233,742) | ||
| Operating income (loss): | 154,789 | 93,253 | (168,123) | (14,150) | (6,394) | 24,841 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (41,901) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 112,888 | 93,253 | (168,123) | (14,150) | (6,394) | 24,841 | ||
| Other undisclosed income from continuing operations before income taxes | 42,112 | 103,265 | 26,748 | 7,859 | 8,464 | 3,263 | ||
| Income (loss) from continuing operations before income taxes: | 155,000 | 196,518 | (141,375) | (6,291) | 2,070 | 28,104 | ||
| Income tax expense (benefit) | 19,227 | (49,379) | 81,357 | 4,567 | (1,188) | 1,101 | ||
| Income (loss) from continuing operations: | 174,227 | 147,139 | (60,018) | (1,724) | 882 | 29,205 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (60,018) | (1,724) | 882 | 29,205 | |
| Net income (loss) available to common stockholders, diluted: | 174,227 | 147,139 | (60,018) | (1,724) | 882 | 29,205 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 174,227 | 147,139 | (60,018) | (1,724) | 882 | 29,205 | ||
| Other comprehensive loss | (3,500) | (5,862) | (1,458) | |||||
| Comprehensive income (loss): | 170,727 | 141,277 | (61,476) | (1,724) | 882 | 29,205 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,237 | 417 | (46) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 170,727 | 141,277 | (61,476) | (487) | 1,299 | 29,159 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.