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Axon Enterprise, Inc. AXON Product — Cost of 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:CostOfGoodsAndServicesSold.

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 product — cost of sales?
Axon Enterprise, Inc. (AXON) reported product — cost of sales of $232.16M in Q1 2026.
How has Axon Enterprise, Inc.'s product — cost of sales changed year-over-year?
Axon Enterprise, Inc.'s product — cost of sales increased by 36.4% year-over-year, from $170.18M to $232.16M.
What is the long-term trend for Axon Enterprise, Inc.'s product — cost of sales?
Over 4 years (2021 to 2025), Axon Enterprise, Inc.'s product — cost of sales has grown at a 32.8% compound annual growth rate (CAGR), from $260.1M to $809.3M.
What does product — cost of sales mean?
This metric captures the direct costs associated with producing and delivering the physical goods sold within a specific business segment. It includes expenses such as raw materials, direct labor, and manufacturing overhead directly attributable to the product line. Monitoring this metric is essential for assessing the production efficiency and direct profitability of the company's hardware operations.