Discontinued — last reported Q3 '23

Current Assets

Contract Assets

Axon Enterprise, Inc. Contract Assets increased by 10.1% to $641.60M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 71.7%, from $373.71M to $641.60M. Over 5 years (FY 2020 to FY 2025), Contract Assets shows an upward trend with a 55.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ4 2018
Last reportedQ3 2023

How to read this metric

An increase suggests strong project progress or service delivery ahead of billing cycles; a decrease may indicate slower project completion or faster billing.

Detailed definition

This represents the entity's right to consideration in exchange for goods or services that the entity has transferred to...

Peer comparison

Standard for companies with long-term service or construction-type contracts.

Metric ID: contract_assets

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$86.56M$130.98M$180.42M$147.86M$196.75M$168.67M$196.90M$216.87M$255.31M$260.52M$287.23M$277.02M$343.42M$372.92M$367.93M$373.71M$463.37M$537.20M$582.63M$641.60M
QoQ Change+51.3%+37.8%-18.0%+33.1%-14.3%+16.7%+10.1%+17.7%+2.0%+10.3%-3.6%+24.0%+8.6%-1.3%+1.6%+24.0%+15.9%+8.5%+10.1%
YoY Change+127.3%+28.8%+9.1%+46.7%+29.8%+54.5%+45.9%+27.7%+34.5%+43.1%+28.1%+34.9%+34.9%+44.1%+58.4%+71.7%
Range$86.56M$641.60M
CAGR+52.5%
Avg YoY Growth+45.0%
Median YoY Growth+39.0%
Current Streak5 quarters growth

Frequently Asked Questions

What is Axon Enterprise, Inc.'s contract assets?
Axon Enterprise, Inc. (AAXN) reported contract assets of $641.60M in Q1 2026.
How has Axon Enterprise, Inc.'s contract assets changed year-over-year?
Axon Enterprise, Inc.'s contract assets increased by 71.7% year-over-year, from $373.71M to $641.60M.
What is the long-term trend for Axon Enterprise, Inc.'s contract assets?
Over 5 years (2020 to 2025), Axon Enterprise, Inc.'s contract assets has grown at a 55.6% compound annual growth rate (CAGR), from $63.95M to $582.63M.
What does contract assets mean?
Revenue earned for work performed but not yet billed to the customer.