AXON Chart
About

Axon Enterprise, Inc. provides public safety technology solutions in the United States and internationally. The company operates in two segments, Software and Sensors, and TASER. The Software and Sensors segment develops, manufactures, and sells integrated hardware and cloud-based software solutions that enable law enforcement to capture, store, manage, share, and analyze video and other digital evidence. This segment also offers body cameras, in-car cameras, other hardware sensors, warranties on sensors, and other products, as well as professional services. The TASER segment engages in the development, manufacture, and sale of conducted energy devices (CEDs) under the TASER brand; manufacture and sale of CEDs, batteries, accessories and extended warranties, digital subscription training content, and virtual reality (VR) training content, as well as other professional services related to TASER and VR deployments. The company serves first responders across international, federal, state, and local law enforcement; and fire, corrections, and emergency medical services, as well as justice sector, commercial enterprises, and consumers through online store, distribution partners, and third-party resellers. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona.

Fundamentals
Scroll to Statements
Sector Industrials Industry Aerospace & Defense Market Cap 35.15B
Enterprise Value 33.07B Income 257.10M Sales 2.56B
Book/sh 38.38 Cash/sh 30.98 Dividend Yield —
Payout 0.00% Employees 4100 IPO —
P/E 133.29 Forward P/E 45.30 PEG —
P/S 13.74 P/B 11.53 P/C —
EV/EBITDA 464.45 EV/Sales 12.93 Quick Ratio 2.73
Current Ratio 3.12 Debt/Eq 69.33 LT Debt/Eq —
EPS (ttm) 3.32 EPS next Y 9.77 EPS Growth —
Revenue Growth 30.60% Earnings 2026-02-24 ROA -0.03%
ROE 10.03% ROIC — Gross Margin 60.36%
Oper. Margin -0.23% Profit Margin 10.05% Shs Outstand 79.44M
Shs Float 75.15M Short Float 3.51% Short Ratio 3.35
Short Interest — 52W High 885.92 52W Low 396.41
Beta 1.48 Avg Volume 871.51K Volume 1.40M
Target Price $783.68 Recom Buy Prev Close $423.44
Price $442.51 Change 4.50%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$783.68
Mean price target
2. Current target
$442.51
Latest analyst target
3. DCF / Fair value
$56.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$442.51
Low
$521.24
High
$925.00
Mean
$783.68

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main Needham Buy → Buy $600
2025-12-17 main Morgan Stanley Overweight → Overweight $713
2025-11-17 init RBC Capital — → Outperform $860
2025-11-06 main Barclays Overweight → Overweight $702
2025-11-05 main UBS Neutral → Neutral $610
2025-11-05 main Goldman Sachs Buy → Buy $800
2025-11-05 main Piper Sandler Overweight → Overweight $753
2025-09-29 reit JMP Securities Market Outperform → Market Outperform $825
2025-09-24 init Piper Sandler — → Overweight $893
2025-09-24 reit Needham Buy → Buy $870
2025-08-06 main B of A Securities Buy → Buy $1000
2025-08-05 up Craig-Hallum Hold → Buy $900
2025-08-05 main Northland Capital Markets Outperform → Outperform $800
2025-08-05 main Raymond James Outperform → Outperform $855
2025-08-05 main UBS Neutral → Neutral $840
2025-08-05 main Needham Buy → Buy $870
2025-07-22 main JMP Securities Market Outperform → Market Outperform $825
2025-07-17 main JP Morgan Overweight → Overweight $850
2025-07-16 init UBS — → Neutral $820
2025-07-08 init Wolfe Research — → Outperform —
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 10000 6190146 — Sale at price 610.25 - 625.00 per share. SMITH PATRICK W. Chief Executive Officer — 2026-01-07 00:00:00 D
1 1134 680400 — Sale at price 600.00 per share. MAK JENNIFER H Officer — 2025-12-19 00:00:00 D
2 1359 — — Stock Award(Grant) at price 0.00 per share. MAK JENNIFER H Officer — 2025-12-15 00:00:00 D
3 180 — — Stock Gift at price 0.00 per share. KALINOWSKI CAITLIN ELIZABETH Director — 2025-12-15 00:00:00 D
4 2000 1160000 — Sale at price 580.00 per share. BAGLEY BRITTANY Chief Operating Officer — 2025-12-11 00:00:00 D
5 10000 5519164 — Sale at price 549.56 - 555.19 per share. SMITH PATRICK W. Chief Executive Officer — 2025-12-08 00:00:00 D
6 20000 11052007 — Sale at price 550.49 - 555.14 per share. ISNER JOSHUA M President — 2025-12-08 00:00:00 D
7 894 491700 — Sale at price 550.00 per share. MAK JENNIFER H Officer — 2025-12-04 00:00:00 D
8 100 55063 — Sale at price 550.22 - 551.39 per share. WILLIAMS JERI L Director — 2025-12-04 00:00:00 D
9 2041 1092150 — Sale at price 532.58 - 536.75 per share. ISNER JOSHUA M President — 2025-12-03 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems3.36M-8.88M0.000.00
TaxRateForCalcs0.010.210.250.27
NormalizedEBITDA150.35M225.66M116.09M-149.43M
TotalUnusualItems286.68M-42.29M98.05M
TotalUnusualItemsExcludingGoodwill286.68M-42.29M98.05M
NetIncomeFromContinuingOperationNetMinorityInterest377.03M175.78M146.93M-60.02M
ReconciledDepreciation48.42M19.32M23.12M18.69M
ReconciledCostOfRevenue841.15M605.25M461.03M322.47M
EBITDA437.03M183.37M116.09M-149.43M
EBIT388.60M164.06M92.97M-168.12M
NetInterestIncome36.59M42.11M4.29M1.48M
InterestExpense7.10M7.00M488.00K
InterestIncome43.69M49.11M4.29M1.48M
NormalizedIncome93.71M209.19M146.93M-60.02M
NetIncomeFromContinuingAndDiscontinuedOperation377.03M175.78M146.93M-60.02M
TotalExpenses2.02B1.40B1.09B1.03B
TotalOperatingIncomeAsReported58.54M156.85M92.97M-168.12M
DilutedAverageShares78.56M75.46M72.53M66.19M
BasicAverageShares75.75M74.19M71.09M66.19M
DilutedEPS4.802.312.03-0.91
BasicEPS4.982.352.07-0.91
DilutedNIAvailtoComStockholders377.03M175.78M146.93M-60.02M
NetIncomeCommonStockholders377.03M175.78M146.93M-60.02M
NetIncome377.03M175.78M146.93M-60.02M
NetIncomeIncludingNoncontrollingInterests377.03M175.78M146.93M-60.02M
NetIncomeContinuousOperations377.03M175.78M146.93M-60.02M
TaxProvision4.47M-18.72M49.31M-81.36M
PretaxIncome381.50M157.06M196.24M-141.38M
OtherIncomeExpense286.37M-41.90M98.97M25.27M
OtherNonOperatingIncomeExpenses-311.00K388.00K98.97M25.27M
GainOnSaleOfSecurity286.68M-42.29M98.05M
NetNonOperatingInterestIncomeExpense36.59M42.11M4.29M1.48M
InterestExpenseNonOperating7.10M7.00M488.00K
InterestIncomeNonOperating43.69M49.11M4.29M1.48M
OperatingIncome58.54M156.85M92.97M-168.12M
OperatingExpense1.18B798.60M633.14M709.03M
DepreciationAmortizationDepletionIncomeStatement9.82M
DepreciationAndAmortizationInIncomeStatement9.82M
ResearchAndDevelopment441.59M303.72M233.81M194.03M
SellingGeneralAndAdministration741.25M494.88M399.33M515.01M
SellingAndMarketingExpense108.95M91.87M72.45M52.06M
GeneralAndAdministrativeExpense632.29M403.02M329.12M453.12M
OtherGandA190.59M129.38M116.89M74.24M
SalariesAndWages441.70M273.63M212.24M378.89M
GrossProfit1.24B955.45M726.11M540.91M
CostOfRevenue841.15M605.25M461.03M322.47M
TotalRevenue2.08B1.56B1.19B863.38M
OperatingRevenue2.08B1.56B1.19B863.38M
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber20.22M20.22M20.22M20.22M
OrdinarySharesNumber76.62M75.30M71.47M70.90M
ShareIssued96.84M95.52M91.69M91.12M
NetDebt225.44M78.57M320.28M
TotalDebt721.67M710.66M711.11M20.44M
TangibleBookValue1.40B1.54B1.21B988.79M
InvestedCapital3.01B2.29B1.94B1.05B
WorkingCapital619.61M1.63B1.20B690.97M
NetTangibleAssets1.40B1.54B1.21B988.79M
CapitalLeaseObligations41.38M33.55M37.14M20.44M
CommonStockEquity2.33B1.62B1.27B1.05B
TotalCapitalization2.33B2.29B1.94B1.05B
TotalEquityGrossMinorityInterest2.33B1.62B1.27B1.05B
StockholdersEquity2.33B1.62B1.27B1.05B
GainsLossesNotAffectingRetainedEarnings-18.18M-10.68M-7.18M-1.32M
OtherEquityAdjustments-18.18M-10.68M-7.18M-1.32M
TreasuryStock155.95M155.95M155.95M155.95M
RetainedEarnings812.01M434.98M257.02M109.88M
AdditionalPaidInCapital1.69B1.35B1.17B1.10B
CapitalStock1.00K1.00K1.00K1.00K
CommonStock1.00K1.00K1.00K1.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest2.15B1.79B1.58B640.36M
TotalNonCurrentLiabilitiesNetMinorityInterest469.05M1.03B980.76M221.84M
OtherNonCurrentLiabilities51.10M38.96M15.36M9.19M
NonCurrentDeferredLiabilities376.56M282.24M254.29M192.21M
NonCurrentDeferredRevenue360.69M270.90M248.00M185.72M
NonCurrentDeferredTaxesLiabilities0.001.00K811.00K
LongTermDebtAndCapitalLeaseObligation41.38M710.66M711.11M20.44M
LongTermCapitalLeaseObligation41.38M33.55M37.14M20.44M
LongTermDebt680.29M677.11M673.97M
CurrentLiabilities1.68B761.54M602.65M418.52M
OtherCurrentLiabilities12.86M9.79M6.36M6.54M
CurrentDeferredLiabilities633.58M492.35M380.44M276.05M
CurrentDeferredRevenue633.58M492.35M380.44M276.05M
CurrentDebtAndCapitalLeaseObligation680.29M
CurrentDebt680.29M
OtherCurrentBorrowings680.29M
PensionandOtherPostRetirementBenefitPlansCurrent148.02M114.83M
CurrentProvisions811.00K2.82M
PayablesAndAccruedExpenses203.13M203.21M215.85M135.93M
CurrentAccruedExpenses103.31M131.58M142.38M99.97M
Payables99.82M71.64M73.48M35.96M
TotalTaxPayable27.86M5.78M13.56M3.74M
AccountsPayable71.95M65.85M59.92M32.22M
TotalAssets4.47B3.41B2.85B1.69B
TotalNonCurrentAssets2.18B1.02B1.05B578.72M
OtherNonCurrentAssets22.73M19.23M13.51M17.03M
NonCurrentPrepaidAssets11.70M
NonCurrentDeferredAssets474.60M363.43M264.60M185.14M
NonCurrentDeferredTaxesAssets304.28M227.78M156.87M127.19M
NonCurrentNoteReceivables3.46M2.59M5.21M11.26M
NonCurrentAccountsReceivable119.88M84.38M45.17M29.75M
InvestmentsAndAdvances332.55M231.73M452.77M114.75M
OtherInvestments332.55M231.73M452.77M114.75M
GoodwillAndOtherIntangibleAssets932.00M77.48M57.14M59.06M
OtherIntangibleAssets175.16M19.54M12.16M15.47M
Goodwill756.84M57.95M44.98M43.59M
NetPPE291.89M236.69M208.21M161.73M
AccumulatedDepreciation-135.99M-105.22M-77.89M-58.78M
GrossPPE427.88M341.91M286.11M220.51M
ConstructionInProgress62.18M55.40M62.28M25.26M
OtherProperties193.49M141.40M95.54M77.36M
MachineryFurnitureEquipment68.53M61.41M50.80M37.31M
BuildingsAndImprovements52.06M32.09M25.87M25.71M
LandAndImprovements51.61M51.61M51.61M54.87M
Properties0.000.000.000.00
CurrentAssets2.30B2.39B1.81B1.11B
OtherCurrentAssets130.31M103.06M73.02M56.54M
PrepaidAssets56.54M
Inventory265.32M269.86M202.47M108.69M
FinishedGoods172.25M165.74M129.73M70.42M
RawMaterials93.07M104.11M72.74M38.27M
Receivables915.50M700.19M555.09M501.24M
OtherReceivables367.93M287.23M196.90M180.42M
AccountsReceivable547.57M412.96M358.19M320.82M
AllowanceForDoubtfulAccountsReceivable-3.32M-2.39M-2.18M-2.20M
GrossAccountsReceivable550.89M415.35M360.37M323.02M
CashCashEquivalentsAndShortTermInvestments986.35M1.32B974.69M443.02M
OtherShortTermInvestments531.50M721.99M621.01M86.69M
CashAndCashEquivalents454.84M598.54M353.68M356.33M
CashEquivalents359.93M191.80M209.94M2.84M
CashFinancial94.92M406.74M143.74M353.49M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow329.53M129.63M179.56M74.22M
RepurchaseOfCapitalStock-74.00K
IssuanceOfDebt0.000.00673.77M0.00
IssuanceOfCapitalStock0.0094.70M105.51M
CapitalExpenditure-78.78M-59.63M-55.80M-50.28M
InterestPaidSupplementalData3.45M3.51M0.000.00
IncomeTaxPaidSupplementalData67.84M64.49M10.51M5.11M
EndCashPosition466.76M600.67M355.55M356.44M
BeginningCashPosition600.67M355.55M356.44M155.55M
EffectOfExchangeRateChanges-6.21M2.06M-3.38M-1.98M
ChangesInCash-127.70M243.05M2.49M202.87M
FinancingCashFlow-45.44M41.31M598.10M-174.18M
CashFlowFromContinuingFinancingActivities-45.44M41.31M598.10M-174.18M
NetOtherFinancingCharges-60.01M-107.89M-199.86M-331.31M
ProceedsFromStockOptionExercised14.58M54.50M124.27M51.61M
NetCommonStockIssuance0.0094.70M-74.00K105.51M
CommonStockPayments-74.00K
CommonStockIssuance0.0094.70M105.51M
NetIssuancePaymentsOfDebt0.000.00673.77M0.00
NetLongTermDebtIssuance0.000.00673.77M0.00
LongTermDebtIssuance0.000.00673.77M0.00
InvestingCashFlow-490.57M12.48M-830.97M252.56M
CashFlowFromContinuingInvestingActivities-490.57M12.48M-830.97M252.56M
NetOtherInvestingChanges54.00K-537.00K-20.00K
NetInvestmentPurchaseAndSale209.97M93.74M-773.04M325.18M
SaleOfInvestment1.00B657.42M72.14M733.16M
PurchaseOfInvestment-793.42M-563.68M-845.18M-407.98M
NetBusinessPurchaseAndSale-621.82M-21.09M-2.10M-22.39M
PurchaseOfBusiness-621.82M-21.09M-2.10M-22.39M
NetIntangiblesPurchaseAndSale-635.00K-307.00K-392.00K
PurchaseOfIntangibles-635.00K-307.00K-392.00K
NetPPEPurchaseAndSale-78.78M-59.63M-55.80M-49.84M
SaleOfPPE98.00K287.00K43.00K
PurchaseOfPPE-78.78M-59.63M-55.80M-49.89M
OperatingCashFlow408.31M189.26M235.36M124.49M
CashFlowFromContinuingOperatingActivities408.31M189.26M235.36M124.49M
ChangeInWorkingCapital-72.69M-124.82M19.33M-43.28M
ChangeInOtherWorkingCapital155.64M146.82M155.57M175.62M
ChangeInPayablesAndAccruedExpense54.52M65.33M80.98M45.30M
ChangeInPayable54.52M65.33M80.98M45.30M
ChangeInAccountPayable54.52M65.33M80.98M45.30M
ChangeInPrepaidAssets-37.61M-80.35M-43.98M-40.16M
ChangeInInventory607.00K-77.63M-95.01M-18.27M
ChangeInReceivables-245.84M-178.99M-78.23M-205.77M
OtherNonCashItems21.18M12.85M16.03M10.81M
StockBasedCompensation382.60M131.36M106.18M303.33M
ProvisionandWriteOffofAssets20.07M5.48M701.00K-214.00K
DeferredTax-85.10M-72.50M22.02M-82.01M
DeferredIncomeTax-85.10M-72.50M22.02M-82.01M
DepreciationAmortizationDepletion48.42M19.32M23.12M18.69M
DepreciationAndAmortization48.42M19.32M23.12M18.69M
OperatingGainsLosses-283.22M41.78M-98.94M-23.04M
GainLossOnInvestmentSecurities-283.22M41.78M-98.94M-23.04M
GainLossOnSaleOfPPE5.56M238.00K
NetIncomeFromContinuingOperations377.03M175.78M146.93M-60.02M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AXON
Date User Asset Broker Type Position Size Entry Price Patterns