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Axon Enterprise, Inc. AXON Connected Devices — Goodwill

Other segment segments

Software and Services
$1.84B+160%
TASER Devices
$0

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$744.7M+31.5%

Other financials

Income statement

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Revenue$807.3M+33.7%
Gross profit$477.3M+30.5%
Operating income$29.2M+433%
Net income$169.3M+92.4%
EPS (diluted)$2.05+89.8%

Balance sheet

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Cash & equivalents$458.9M-58.0%
Total debt$1.8B-10.7%
Total equity$3.5B+38.3%
Total assets$7.1B+16.2%

Cash flow

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Operating cash flow-$31.5M-222%
CapEx$23.1M-7.0%
Free cash flow-$54.6M-5,963%

Valuation

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Market cap$37.47B-39.4%
Enterprise value$38.84B-38.6%
P/E181.9×-7.6×
P/S12.6×-13.3×

Profitability

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Gross margin59.3%-1.3pp
Operating margin-0.8%
Net margin6.9%-8.0pp
FCF margin0.7%-15.6pp

Returns & leverage

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Return on equity6.8%-8.4pp
Debt / equity0.5×-0.3×
Current ratio2.3×-0.6×

Where this comes from

Reported directly by Axon Enterprise, Inc. in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Axon Enterprise, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axon Enterprise, Inc.'s connected devices — goodwill?
Axon Enterprise, Inc. (AXON) reported connected devices — goodwill of $51.23M in Q1 2026.
How has Axon Enterprise, Inc.'s connected devices — goodwill changed year-over-year?
Axon Enterprise, Inc.'s connected devices — goodwill increased by 9.9% year-over-year, from $46.63M to $51.23M.
What does connected devices — goodwill mean?
Represents the intangible asset value recorded when the purchase price of an acquired business exceeds the fair value of its identifiable net assets. This reflects the premium paid for brand reputation, customer relationships, and synergies within the Connected Devices segment. It is subject to periodic impairment testing.