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Axon Enterprise, Inc. AXON Connected Devices — Reallocation of goodwill from Segment Realignment

Other segment segments

Software and Sensors
-$753.99M
Software and Services
$710.16M
TASER Devices
-$2.85M

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TRIPExperiences — Goodwill Transfers
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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:GoodwillTransfers.

The official record: Axon Enterprise, Inc.’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axon Enterprise, Inc.'s connected devices — reallocation of goodwill from segment realignment?
Axon Enterprise, Inc. (AXON) reported connected devices — reallocation of goodwill from segment realignment of $11.67M in Q4 2025.
What does connected devices — reallocation of goodwill from segment realignment mean?
This metric represents the portion of goodwill previously assigned to a different reporting unit that has been moved to the current segment following an organizational restructuring. It reflects the strategic shift of assets and business units to align with new management reporting structures. This adjustment is non-operational and serves to correctly attribute intangible asset value to the segment that now oversees the acquired business.