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Axon Enterprise, Inc. AXON Platform Solutions — Net Sales

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 platform solutions — net sales?
Axon Enterprise, Inc. (AXON) reported platform solutions — net sales of $111.22M in Q1 2026.
How has Axon Enterprise, Inc.'s platform solutions — net sales changed year-over-year?
Axon Enterprise, Inc.'s platform solutions — net sales increased by 95.1% year-over-year, from $57M to $111.22M.
What is the long-term trend for Axon Enterprise, Inc.'s platform solutions — net sales?
Over 2 years (2023 to 2025), Axon Enterprise, Inc.'s platform solutions — net sales has grown at a 34.0% compound annual growth rate (CAGR), from $148.22M to $265.95M.
What does platform solutions — net sales mean?
This metric represents the total revenue generated from the company's software-as-a-service (SaaS) offerings, cloud-based data management platforms, and integrated digital evidence solutions. It reflects the company's ability to monetize recurring subscription services and digital ecosystem tools that support hardware deployments. Growth in this segment indicates successful adoption of the company's digital transformation strategy and long-term customer retention.