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Axon Enterprise, Inc. AXON Connected Devices — Goodwill acquired

Other segment segments

Software and Services
$524.73M

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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:GoodwillAcquiredDuringPeriod.

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 acquired?
Axon Enterprise, Inc. (AXON) reported connected devices — goodwill acquired of $0 in Q1 2026.
How has Axon Enterprise, Inc.'s connected devices — goodwill acquired changed year-over-year?
Axon Enterprise, Inc.'s connected devices — goodwill acquired decreased by 100.0% year-over-year, from $1.18M to $0.
What does connected devices — goodwill acquired mean?
Represents the specific amount of goodwill added to the segment's balance sheet during the current period due to new business acquisitions. This captures the inorganic growth strategy and the premium paid for new capabilities or market access. It is a key indicator of recent expansion activity.