Axon Enterprise, Inc. Total Operating Expenses decreased by 12.4% to $448.04M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.6%, from $374.53M to $448.04M. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 24.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $231.61M | $141.68M | $161.97M | $138.55M | $152.55M | $161.15M | $180.89M | $186.87M | $191.25M | $199.24M | $221.25M | $242.17M | $272.40M | $306.67M | $361.60M | $374.53M | $404.78M | $429.48M | $511.41M | $448.04M |
| QoQ Change | — | -38.8% | +14.3% | -14.5% | +10.1% | +5.6% | +12.3% | +3.3% | +2.3% | +4.2% | +11.0% | +9.5% | +12.5% | +12.6% | +17.9% | +3.6% | +8.1% | +6.1% | +19.1% | -12.4% |
| YoY Change | — | — | — | — | -34.1% | +13.7% | +11.7% | +34.9% | +25.4% | +23.6% | +22.3% | +29.6% | +42.4% | +53.9% | +63.4% | +54.7% | +48.6% | +40.0% | +41.4% | +19.6% |