Axon Enterprise, Inc. AAXN Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Sales by Business | ||||||
| Connected Devices | $1.69B+30.7% | $1.58B+29.1% | $1.45B+28.3% | $1.38B+31.6% | $1.29B+30.0% | |
| Software and Services | $1.29B+38.5% | $1.2B+39.6% | $1.11B— | $1.02B— | $934.52M— | |
| Cost of Sales by Business | ||||||
| Connected Devices | $406.97M+37.6% | $468.94M-24.1% | $393.68M-30.1% | $346.68M-33.2% | $295.8M-39.4% | |
| Software and Services | $146.49M+37.9% | $176.68M-20.8% | $145.81M— | $123.05M— | $106.21M— | |
| Goodwill by Business | ||||||
| Connected Devices | $205.22M— | $200.63M— | $196.05M— | —— | —— | |
| Software and Services | $4.59B— | $3.46B— | $2.9B— | —— | —— | |
| Adjusted gross margin by Business | ||||||
| Connected Devices | $855.75M+24.4% | $807.57M+23.5% | $756.08M+23.6% | $723.79M+28.7% | $687.76M+28.3% | |
| Software and Services | $996.07M+38.1% | $931.53M+40.8% | $859.93M+72.5% | $790.66M+61.1% | $721.38M+53.7% | |
| D&A by Business | ||||||
| Connected Devices | $40.67M+46.8% | $38.19M+65.0% | $34.53M+82.5% | $29.89M+66.9% | $27.71M+81.0% | |
| Software and Services | $23.17M+65.8% | $19.11M+56.1% | $16.5M+83.7% | $16.47M+196% | $13.97M+190% | |
| Foreign currency translation adjustments by Business | ||||||
| Software and Services | $1.5M+6,350% | $3.56M+263% | $3M— | $1.79M— | -$24K— | |
| Goodwill acquired by Business | ||||||
| Connected Devices | $3.55M— | $4.73M— | —— | —— | —— | |
| Goodwill, Measurement Period Adjustment by Business | ||||||
| Connected Devices | $286K— | $446K— | —— | —— | —— | |
| Other segment items by Business | ||||||
| Connected Devices | $38.24M+18.9% | $40.01M-21.4% | $37.26M-11.9% | $35.46M-1.5% | $32.15M+5.1% | |
| Software and Services | $43.91M+54.1% | $40.96M+76.7% | $36.07M+116% | $32.91M+169% | $28.49M+231% | |
| Provisions for inventory by Business | ||||||
| Connected Devices | $4.17M-74.1% | $4.08M-75.4% | $9.13M-24.8% | $9.6M-13.1% | $16.09M+246% | |
| Software and Services | $0— | $0— | $0— | $0— | $0— | |
| Stock-based compensation expense by Business | ||||||
| Connected Devices | $29.6M+7.2% | $31.3M-34.7% | $30.16M-26.6% | $29.3M-16.3% | $27.6M-7.2% | |
| Software and Services | $21.24M+34.6% | $21.92M+80.6% | $19.84M+125% | $18.12M+183% | $15.78M+230% | |
| Warranty reserve expense by Business | ||||||
| Connected Devices | $10.94M+32.5% | $11.63M+108% | $10.11M+47.0% | $10.57M+80.9% | $8.25M+15.2% | |
| Software and Services | $0— | $0— | $0— | $0— | $0— | |
| Net Sales by Product | ||||||
| Personal Sensors | $417.38M+23.7% | $397.04M+25.3% | $373.07M+27.6% | $355.05M+34.3% | $337.34M+35.0% | |
| Platform Solutions | $320.17M+84.7% | $265.95M+72.5% | $229.73M+56.7% | $204.59M+38.2% | $173.38M+16.4% | |
| Software and Services | $1.29B+38.5% | $1.2B+39.6% | $1.11B+44.4% | $1.02B+45.5% | $934.52M+46.7% | |
| TASER | $951.24M+21.8% | $913.88M+21.8% | $850.06M-3.8% | $815.72M+6.4% | $781.04M+16.5% | |
| Cost of Sales by Product | ||||||
| Product | $871.28M+36.4% | $809.3M+30.4% | $734.04M+26.7% | $687.04M+27.4% | $638.68M+29.0% | |
| Service | $342.3M+41.2% | $312.11M+39.5% | $281.24M+37.7% | $258.48M+36.8% | $242.4M+38.4% | |
| Net Sales by Geography | ||||||
| Other countries | $561.09M+79.1% | $474.52M+54.4% | $420.84M+63.4% | $365.82M+36.8% | $313.25M+29.8% | |
| United States | $2.42B+26.6% | $2.31B+29.8% | $2.14B+27.2% | $2.03B+31.6% | $1.91B+33.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Axon Enterprise, Inc. break its business down?
- Axon Enterprise, Inc. (AAXN) reports net sales by business across 2 parts — Connected Devices and Software and Services. Each is extracted from the segment footnotes and tracked over time.
- Where does Axon Enterprise, Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Axon Enterprise, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
