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Axon Enterprise, Inc. AXON Q1 2025 earnings

Reported May 7, 2025 · After market close

Revenue$603.6MBeat by $17.2MDiluted EPS$1.41Beat by $0.14
Revenue estimate$586.4M
EPS estimate$1.27

Next report

Aug 3, 2026 (In 3 weeks)
Revenue estimate$876.5M
EPS estimate$1.83

Financials

Q1 2025

Income statement

See full
Revenue$603.6M+31.3%
Gross profit$365.7M+41.4%
Operating income-$8.8M-153%
Net income$88.0M-34.0%
EPS (diluted)$1.08-37.6%

Balance sheet

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Cash & equivalents$1.1B+171%
Total debt$2.0B+6,189%
Total equity$2.6B+40.3%
Total assets$6.1B+69.7%

Cash flow

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Operating cash flow$25.8M+262%
CapEx$24.9M+53.5%
Free cash flow$932.0K+103%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$40.85B+73.4%
Enterprise value$41.8B+80.3%
P/E123.2×+33.7×
P/S18.3×+4.3×

Profitability

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Gross margin60.6%+0.3pp
Net margin14.9%-0.8pp
FCF margin16.3%+6.6pp

Returns & leverage

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Return on equity15.2%-1.2pp
Debt / equity0.8×+0.8×
Current ratio2.8×+1.3×

Segments

By product

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Software and Services$262.7M+38.7%
TASER$195.5M+18.8%
Personal Sensors$88.4M+30.0%
Platform Solutions$57.0M+50.7%

By segment

See full
Connected Devices$340.9M+26.1%
Software and Services$262.7M—

By geography

See full
United States$529.4M—

Versus estimates

Revenue

Q1 2026$807.3MBeat by $28.4MQ4 2025$796.7MBeat by $41.2MQ3 2025$710.6MBeat by $5.8MQ2 2025$668.5MBeat by $27.5M
Q1 2025$603.6MBeat by $17.2M
Q4 2024$575.1MBeat by $9.1M

Diluted EPS

Q1 2026$1.61Beat by $0.01Q4 2025$2.15Beat by $0.55Q3 2025$1.17Miss by $0.35Q2 2025$2.12Beat by $0.67
Q1 2025$1.41Beat by $0.14
Q4 2024$2.08Beat by $0.71

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Questions, answered.

When did Axon Enterprise, Inc. report Q1 2025 earnings?
Axon Enterprise, Inc. (AXON) reported Q1 2025 earnings on May 7, 2025 after market close.
What were Axon Enterprise, Inc.'s Q1 2025 revenue and EPS?
Axon Enterprise, Inc. reported revenue of $603.6M and diluted EPS of $1.41 for Q1 2025.
Did Axon Enterprise, Inc. beat estimates in Q1 2025?
Revenue beat the consensus estimate of $586.4M by $17.2M. EPS beat the consensus estimate of $1.27 by $0.14.
How did Axon Enterprise, Inc.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 31.0% from $460.7M a year earlier and diluted EPS grew 22.6% from $1.15.
Where can I find Axon Enterprise, Inc.'s Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001069183-25-000077) directly on SEC EDGAR. The filing index links above go to sec.gov.