Axon Enterprise, Inc. AXON Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Sales by Business | ||||||
| Connected Devices | $452.82M-0.3% | $454.21M+12.0% | $405.4M+7.7% | $376.36M+10.4% | $340.9M+3.2% | |
| Software and Services | $354.52M+3.5% | $342.52M+12.2% | $305.24M+4.5% | $292.18M+11.2% | $262.74M+7.3% | |
| Other segment items by Business | ||||||
| Connected Devices | $7.65M-36.9% | $12.13M+36.3% | $8.9M-6.8% | $9.55M+1.4% | $9.42M+0.3% | |
| Software and Services | $11.98M-8.1% | $13.04M+41.8% | $9.2M-5.0% | $9.69M+7.2% | $9.04M+11.0% | |
| Adjusted gross margin by Business | ||||||
| Connected Devices | $228.32M+2.0% | $223.9M+6.0% | $211.13M+9.7% | $192.4M+6.8% | $180.14M+4.5% | |
| Software and Services | $268.61M+2.3% | $262.57M+12.1% | $234.32M+1.6% | $230.58M+13.0% | $204.06M+6.9% | |
| Cost of Sales by Business | ||||||
| Connected Devices | -$232.16M-196% | $242.44M+19.3% | $203.17M+5.0% | $193.51M+214% | -$170.18M-202% | |
| Software and Services | -$97.9M-205% | $92.99M+16.1% | $80.12M+12.4% | $71.29M+205% | -$67.71M-209% | |
| Goodwill by Business | ||||||
| Connected Devices | $51.23M0.0% | $51.25M0.0% | $51.24M-0.5% | $51.51M+10.4% | $46.63M-0.1% | |
| Software and Services | $1.84B+39.7% | $1.32B+82.6% | $722.14M+1.6% | $710.74M+0.2% | $709.25M-5.9% | |
| Stock-based compensation expense by Business | ||||||
| Connected Devices | $5.78M-33.3% | $8.66M+14.1% | $7.58M0.0% | $7.58M+1.4% | $7.48M-0.6% | |
| Software and Services | $4.73M-26.3% | $6.41M+25.2% | $5.12M+2.8% | $4.98M-8.0% | $5.41M+24.9% | |
| Foreign currency translation adjustments by Business | ||||||
| Connected Devices | -$21K-400% | $7K— | —— | $264K+122% | $119K— | |
| Software and Services | -$443K-2,561% | $18K-97.3% | $662K-47.6% | $1.26M-22.0% | $1.62M+396% | |
| Goodwill acquired by Business | ||||||
| Connected Devices | $0-100% | $1.18M0.0% | $1.18M0.0% | $1.18M0.0% | $1.18M— | |
| Software and Services | $524.73M-12.1% | $596.78M+3,746% | $15.52M— | —— | —— | |
| D&A by Business | ||||||
| Connected Devices | $11.77M+3.2% | $11.41M+24.1% | $9.19M+10.6% | $8.31M-10.5% | $9.29M+19.8% | |
| Software and Services | $8.02M+19.1% | $6.73M+55.6% | $4.32M+5.5% | $4.1M+3.5% | $3.96M-3.9% | |
| Goodwill, Measurement Period Adjustment by Business | ||||||
| Connected Devices | $0— | $0-100% | $161K+28.8% | $125K-21.9% | $160K— | |
| Software and Services | $82K— | —— | $4.78M— | —— | $2.54M+2,017% | |
| Provisions for inventory by Business | ||||||
| Connected Devices | $937K+87.8% | $499K-71.3% | $1.74M+74.6% | $995K+17.6% | $846K-84.8% | |
| Software and Services | $0— | $0— | $0— | $0— | $0— | |
| Warranty reserve expense by Business | ||||||
| Connected Devices | $3.09M+37.3% | $2.25M-12.9% | $2.58M-14.3% | $3.02M-20.2% | $3.78M+416% | |
| Software and Services | $0— | $0— | $0— | $0— | $0— | |
| Net Sales by Product | ||||||
| Personal Sensors | $108.75M-0.4% | $109.13M+2.3% | $106.68M+14.9% | $92.82M+5.0% | $88.41M+3.8% | |
| Platform Solutions | $111.22M+37.5% | $80.87M+33.1% | $60.77M-9.7% | $67.31M+18.1% | $57M+27.6% | |
| Software and Services | $354.52M+3.5% | $342.52M+12.2% | $305.24M+4.5% | $292.18M+11.2% | $262.74M+7.3% | |
| TASER | $232.85M-11.9% | $264.2M+11.0% | $237.95M+10.0% | $216.23M+10.6% | $195.5M-2.4% | |
| Cost of Sales by Product | ||||||
| Product | $232.16M-4.2% | $242.44M+19.3% | $203.17M+5.0% | $193.51M+13.7% | $170.18M+1.8% | |
| Service | $97.9M+5.3% | $92.99M+16.1% | $80.12M+12.4% | $71.29M+5.3% | $67.71M+9.0% | |
| Net Sales by Geography | ||||||
| Other countries | $160.82M+5.5% | $152.41M+30.6% | $116.7M-11.0% | $131.17M+76.7% | $74.25M-24.8% | |
| United States | $646.53M+0.3% | $644.32M+8.5% | $593.94M+10.5% | $537.37M+1.5% | $529.38M+11.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Axon Enterprise, Inc. break its business down?
- Axon Enterprise, Inc. (AXON) reports net sales by business across 2 parts — Connected Devices and Software and Services. Each is extracted from the segment footnotes and tracked over time.
- Where does Axon Enterprise, Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Axon Enterprise, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
