What is Axon Enterprise, Inc.'s goodwill?

Axon Enterprise, Inc. (AXON) reported goodwill of $1.89B in Q1 2026.

How has Axon Enterprise, Inc.'s goodwill changed year-over-year?

Axon Enterprise, Inc.'s goodwill increased by 150.6% year-over-year, from $755.88M to $1.89B.

What is the long-term trend for Axon Enterprise, Inc.'s goodwill?

Over 5 years (2020 to 2025), Axon Enterprise, Inc.'s goodwill has grown at a 122.4% compound annual growth rate (CAGR), from $25.21M to $1.37B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Axon Enterprise, Inc. AXON Goodwill

Goodwill at other companies

Motorola Solutions, Inc.MSI

$6.89B+79.3%

Tyler TechnologiesTYL

$2.59B+2.0%

i3 Verticals, Inc.IIIV

$282.28M+0.6%

Applovin CorporationAPP

$1.52B-7.1%

Parsons CorporationPSN

$2.42B+15.0%

V2XVVX

$1.68B+1.2%

Segments

By segment

See full

Software and Services$1.84B+160%

Connected Devices$51.23M+9.9%

TASER Devices$0—

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$31.5M-222%

CapEx$23.1M-7.0%

Free cash flow-$54.6M-5,963%

Valuation

See full

Market cap$37.47B-39.4%

Enterprise value$38.84B-38.6%

P/E181.9×-7.6×

P/S12.6×-13.3×

Profitability

See full

Gross margin59.3%-1.3pp

Operating margin-0.8%—

Net margin6.9%-8.0pp

FCF margin0.7%-15.6pp

Returns & leverage

See full

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:Goodwill.

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 goodwill?: Axon Enterprise, Inc. (AXON) reported goodwill of $1.89B in Q1 2026.
How has Axon Enterprise, Inc.'s goodwill changed year-over-year?: Axon Enterprise, Inc.'s goodwill increased by 150.6% year-over-year, from $755.88M to $1.89B.
What is the long-term trend for Axon Enterprise, Inc.'s goodwill?: Over 5 years (2020 to 2025), Axon Enterprise, Inc.'s goodwill has grown at a 122.4% compound annual growth rate (CAGR), from $25.21M to $1.37B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.