Discontinued — last reported Q3 '24
Products & Services · Deferred Revenue
Services — Deferred Revenue
Axon Enterprise, Inc. Services — Deferred Revenue increased by 8.8% to $470.20M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 17.3%, from $400.89M to $470.20M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2021
Last reportedQ3 2024
Rolls up toContract Liabilities
How to read this metric
An increase reflects a growing total backlog and sustained customer demand, while a decrease suggests that revenue recognition is outpacing new bookings.
Detailed definition
This represents the total aggregate deferred revenue balance for the services segment, encompassing both current and non...
Peer comparison
Comparable to total deferred revenue or total contract liability reported by companies with significant recurring service or subscription revenue.
Metric ID:
axon_segment_services_contract_with_customer_liabilityHistorical Data
12 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $226.22M | $237.33M | $257.99M | $277.58M | $312.99M | $351.90M | $369.82M | $400.89M | $438.15M | $459.09M | $432.16M | $470.20M |
| QoQ Change | — | +4.9% | +8.7% | +7.6% | +12.8% | +12.4% | +5.1% | +8.4% | +9.3% | +4.8% | -5.9% | +8.8% |
| YoY Change | — | — | — | — | +38.4% | +48.3% | +43.3% | +44.4% | +40.0% | +30.5% | +16.9% | +17.3% |
Range$226.22M – $470.20M
CAGR+30.5%
Avg YoY Growth+34.9%
Median YoY Growth+39.2%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Axon Enterprise, Inc.'s services — deferred revenue?
- Axon Enterprise, Inc. (AAXN) reported services — deferred revenue of $470.20M in Q3 2024.
- How has Axon Enterprise, Inc.'s services — deferred revenue changed year-over-year?
- Axon Enterprise, Inc.'s services — deferred revenue increased by 17.3% year-over-year, from $400.89M to $470.20M.
- What does services — deferred revenue mean?
- The total value of all service contracts that have been paid for but not yet fulfilled.