Discontinued — last reported Q3 '24
Provision for Credit Losses
Axon Enterprise, Inc. Provision for Credit Losses decreased by 71.2% to $2.74M in Q3 2024 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests deteriorating credit quality or portfolio growth, while a decrease may indicate improved borrower health or more conservative lending.
Detailed definition
This is an expense set aside to cover expected future losses on loans and credit card receivables. It reflects managemen...
Peer comparison
Standard for all lenders and credit card issuers.
provision_for_credit_lossesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|
| Value | $175.25K | $175.25K | $175.25K | $175.25K | $401.00K | $1.58M | $9.50M | $2.74M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +128.8% | +294.0% | +501.5% | -71.2% |
| YoY Change | — | — | — | — | +128.8% | — | — | — |
Geographic Breakdown — United States
| Segment | Q4 '22 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|
| United States | $55.00K | $82.00K | $195.00K | $1.80M | $615.00K |
| Total | $175.25K | $401.00K | $1.58M | $9.50M | $2.74M |
United States was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown — Other countries
| Segment | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| Other countries | $123.00K | $22.00K | $228.00K | -$34.00K | $92.00K | $169.00K | $306.00K | $207.00K |
| Total | $401.00K | $1.58M | $9.50M | $2.74M | — | — | — | — |
Other countries was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Provision for Credit Losses at Other Companies
Frequently Asked Questions
- What is Axon Enterprise, Inc.'s provision for credit losses?
- Axon Enterprise, Inc. (AAXN) reported provision for credit losses of $2.74M in Q3 2024.
- What does provision for credit losses mean?
- The amount of money set aside to cover potential losses from unpaid loans.