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Axon Enterprise, Inc. AXON Q3 2025 earnings

Reported November 4, 2025 · After market close

Revenue$710.6MBeat by $5.8MDiluted EPS$1.17Miss by $0.35
Revenue estimate$704.8M
EPS estimate$1.52

Next report

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

Financials

Q3 2025

Income statement

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Revenue$710.6M+30.6%
Gross profit$427.3M+29.2%
Operating income-$2.1M-109%
Net income-$2.2M-103%
EPS (diluted)-$0.03-103%

Balance sheet

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Cash & equivalents$1.4B+104%
Total debt$2.1B+4,992%
Total equity$3.0B+44.2%
Total assets$6.7B+66.2%

Cash flow

See full
Operating cash flow$60.0M-34.3%
CapEx$26.6M+0.6%
Free cash flow$33.4M-48.5%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$56.34B+86.6%
Enterprise value$57.01B+93.0%
P/E219.1×+118×
P/S22×+6.4×

Profitability

See full
Gross margin60.3%+0.5pp
Net margin10.1%-5.4pp
FCF margin5.7%-5.7pp

Returns & leverage

See full
Return on equity10%-6.5pp
Debt / equity0.7×+0.7×
Current ratio3.1×+1.5×

Segments

By product

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Software and Services$305.2M—
TASER$238.0M+16.9%
Personal Sensors$106.7M—
Platform Solutions$60.8M—

By segment

See full
Connected Devices$405.4M—

Versus estimates

Revenue

Q1 2026$807.3MBeat by $28.4MQ4 2025$796.7MBeat by $41.2M
Q3 2025$710.6MBeat by $5.8M
Q2 2025$668.5MBeat by $27.5MQ1 2025$603.6MBeat by $17.2MQ4 2024$575.1MBeat by $9.1M

Diluted EPS

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

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Questions, answered.

When did Axon Enterprise, Inc. report Q3 2025 earnings?
Axon Enterprise, Inc. (AXON) reported Q3 2025 earnings on November 4, 2025 after market close.
What were Axon Enterprise, Inc.'s Q3 2025 revenue and EPS?
Axon Enterprise, Inc. reported revenue of $710.6M and diluted EPS of $1.17 for Q3 2025.
Did Axon Enterprise, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $704.8M by $5.8M. EPS missed the consensus estimate of $1.52 by $0.35.
How did Axon Enterprise, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 30.6% from $544.3M a year earlier and diluted EPS declined 19.3% from $1.45.
Where can I find Axon Enterprise, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-048845) and the 10-Q periodic report (0001628280-25-049143) directly on SEC EDGAR. The filing index links above go to sec.gov.