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Axon Enterprise, Inc. AXON Service — 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 service — cost of sales?
Axon Enterprise, Inc. (AXON) reported service — cost of sales of $97.9M in Q1 2026.
How has Axon Enterprise, Inc.'s service — cost of sales changed year-over-year?
Axon Enterprise, Inc.'s service — cost of sales increased by 44.6% year-over-year, from $67.71M to $97.9M.
What is the long-term trend for Axon Enterprise, Inc.'s service — cost of sales?
Over 4 years (2021 to 2025), Axon Enterprise, Inc.'s service — cost of sales has grown at a 49.6% compound annual growth rate (CAGR), from $62.37M to $312.11M.
What does service — cost of sales mean?
This metric captures the direct costs associated with delivering the company's service offerings, including cloud infrastructure hosting, technical support personnel, and service-related overhead. It represents the variable and fixed expenses required to maintain and provide service access to customers. Monitoring this metric helps assess the operational efficiency and scalability of the service business model.