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Axon Enterprise, Inc. logo

Axon Enterprise, Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Axon Enterprise, Inc. generated $154.0M in operating cash flow over the trailing twelve months. After $134.5M in capital expenditures, free cash flow was $19.5M. Free cash flow decreased 0.9% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$154.0MNet Cash From Investing (TTM)-$88.9MNet Cash From Financing (TTM)$1.3BCapital Expenditures (TTM)$134.5MDepreciation And Amortization Cf (TTM)$94.1MNet Change In Cash (TTM)-$132.4M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$36.0B
P/E Ratio174.60
ROE6.76%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$384M$0$3.8M$19M$624.1M$549.7M
Capital expenditures$24.8M$24.9M$23M$26.6M$61.8M$23.1M
Payment for (Proceeds from) Other Investing Activity-$20K-$3K-$80K$132K$0$1.5M
Net cash from investing activities-$441.7M-$702.2M-$386.5M—-$226.4M-$616.9M
Other investing activities-$20K-$3K-$80K$132K$0$1.5M
Purchases of investments$178M$1.1B$714.7M$251.9M$30.6M$292M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$44.3M$8.6M$12.6M$23.6M$242.2M-$151M
Change in deferred revenue$98.9M$33.5M-$84.6M$72.7M$61.9M-$40.3M
Change in inventories-$12.2M$17M$31.1M$10.1M$23.8M$64.7M
Change in other assets$35.1M$22.7M$64.8M$29.1M$147.9M-$656K
Other working capital changes$8M$9.5M$9.8M—$7.5M$11.7M
Change in receivables$19.1M$73.6M$139.3M$153.2M$139.5M-$48.9M
Deferred income taxes-$58M-$48.8M-$21.3M—-$29M$18M
Depreciation and amortization$17.7M$19.5M$17.2M$19.6M$26.9M$30.4M
Net gains (losses) on investments$91.1M$143.9M—$22.9M$5.3M$191.1M
Loss on extinguishment of debt$0-$28.7M——-$10.3M$0
Net cash from operating activities$250.2M$25.8M-$91.7M$60M$217.2M-$31.5M
Net income$135.2M$88M$36.1M-$2.2M$2.7M$169.3M
Gain (Loss) on Investments$91.1M$143.9M—$22.9M$5.3M$191.1M
Increase (Decrease) in Accounts and Notes Receivable$19.1M$73.6M$139.3M$153.2M$139.5M-$48.9M
Increase (Decrease) in Prepaid Expense and Other Assets$35.1M$22.7M$64.8M$29.1M$147.9M-$656K
Provision for bad debts and inventory$6.2M$3.8M$2.5M$2.6M$2.5M$2M
Stock-based compensation$130.9M$140.2M$139.2M$146.2M$208.6M$134.7M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0$1.8B———$0
Repayments of debt$0$407.5M$0$19K$201.4M$81.1M
Payments Of Debt Issuance Costs$0$24.2M$525K$2.2M$106K$964K
Other, net-$1.8M-$76K—-$150K—-$4K
Repayments of Convertible Debt$0$407.5M$0$19K$201.4M$81.1M
Net cash from financing activities-$32.8M$1.3B—$159.2M—-$92.3M
Other financing activities-$1.8M-$76K—-$150K—-$4K
Payment of debt issuance costs$0$24.2M$525K$2.2M$106K$964K
Taxes paid for net share settlement$35.9M$5M$187.8M$16.8M$141.4M$10.2M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$225.4M$932K-$114.7M$33.4M$155.4M-$54.6M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$6.3M$1.2M$5.3M$0$2M-$1.5M
Net increase (decrease) in cash-$230.7M$638M—$808.7M—-$742.2M
Accrued payables for capital expenditures—$151K$2.9M$372K$3.9M$6M
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction$0$34.2M——$12M$0

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$1.7M$498K——$705K$54.1M