Axon Enterprise, Inc. AXON Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Sales by Business | ||||||
| Connected Devices | $1.69B+7.1% | $1.58B+8.5% | $1.45B+5.6% | $1.38B+6.5% | $1.29B+5.8% | |
| Software and Services | $1.29B+7.6% | $1.2B+8.8% | $1.11B+8.7% | $1.02B+8.7% | $934.52M+8.5% | |
| Other segment items by Business | ||||||
| Connected Devices | $38.24M-4.4% | $40.01M+7.4% | $37.26M+5.1% | $35.46M+10.3% | $32.15M-36.8% | |
| Software and Services | $43.91M+7.2% | $40.96M+13.6% | $36.07M+9.6% | $32.91M+15.5% | $28.49M+22.9% | |
| Adjusted gross margin by Business | ||||||
| Connected Devices | $855.75M+6.0% | $807.57M+6.8% | $756.08M+4.5% | $723.79M+5.2% | $687.76M+5.2% | |
| Software and Services | $996.07M+6.9% | $931.53M+8.3% | $859.93M+8.8% | $790.66M+9.6% | $721.38M+9.1% | |
| Cost of Sales by Business | ||||||
| Connected Devices | $406.97M-13.2% | $468.94M+19.1% | $393.68M+13.6% | $346.68M+17.2% | $295.8M-52.1% | |
| Software and Services | $146.49M-17.1% | $176.68M+21.2% | $145.81M+18.5% | $123.05M+15.9% | $106.21M-52.4% | |
| Goodwill by Business | ||||||
| Connected Devices | $205.22M+2.3% | $200.63M+2.3% | $196.05M— | —— | —— | |
| Software and Services | $4.59B+32.8% | $3.46B+19.5% | $2.9B— | —— | —— | |
| Stock-based compensation expense by Business | ||||||
| Connected Devices | $29.6M-5.4% | $31.3M+3.8% | $30.16M+2.9% | $29.3M+6.2% | $27.6M-42.4% | |
| Software and Services | $21.24M-3.1% | $21.92M+10.5% | $19.84M+9.5% | $18.12M+14.9% | $15.78M+30.0% | |
| Foreign currency translation adjustments by Business | ||||||
| Software and Services | $1.5M-57.9% | $3.56M+18.9% | $3M+67.7% | $1.79M+7,546% | -$24K+98.9% | |
| Goodwill acquired by Business | ||||||
| Connected Devices | $3.55M-25.0% | $4.73M— | —— | —— | —— | |
| D&A by Business | ||||||
| Connected Devices | $40.67M+6.5% | $38.19M+10.6% | $34.53M+15.5% | $29.89M+7.9% | $27.71M+19.7% | |
| Software and Services | $23.17M+21.2% | $19.11M+15.8% | $16.5M+0.2% | $16.47M+17.9% | $13.97M+14.2% | |
| Goodwill, Measurement Period Adjustment by Business | ||||||
| Connected Devices | $286K-35.9% | $446K— | —— | —— | —— | |
| Provisions for inventory by Business | ||||||
| Connected Devices | $4.17M+2.2% | $4.08M-55.3% | $9.13M-4.9% | $9.6M-40.4% | $16.09M-3.1% | |
| Software and Services | $0— | $0— | $0— | $0— | $0— | |
| Warranty reserve expense by Business | ||||||
| Connected Devices | $10.94M-5.9% | $11.63M+15.0% | $10.11M-4.4% | $10.57M+28.1% | $8.25M+47.6% | |
| Software and Services | $0— | $0— | $0— | $0— | $0— | |
| Net Sales by Product | ||||||
| Personal Sensors | $417.38M+5.1% | $397.04M+6.4% | $373.07M+5.1% | $355.05M+5.2% | $337.34M+6.4% | |
| Platform Solutions | $320.17M+20.4% | $265.95M+15.8% | $229.73M+12.3% | $204.59M+18.0% | $173.38M+12.4% | |
| Software and Services | $1.29B+7.6% | $1.2B+8.8% | $1.11B+8.7% | $1.02B+8.7% | $934.52M+8.5% | |
| TASER | $951.24M+4.1% | $913.88M+7.5% | $850.06M+4.2% | $815.72M+4.4% | $781.04M+4.1% | |
| Cost of Sales by Product | ||||||
| Product | $871.28M+7.7% | $809.3M+10.3% | $734.04M+6.8% | $687.04M+7.6% | $638.68M+2.9% | |
| Service | $342.3M+9.7% | $312.11M+11.0% | $281.24M+8.8% | $258.48M+6.6% | $242.4M+8.3% | |
| Net Sales by Geography | ||||||
| Other countries | $561.09M+18.2% | $474.52M+12.8% | $420.84M+15.0% | $365.82M+16.8% | $313.25M+1.9% | |
| United States | $2.42B+5.1% | $2.31B+7.9% | $2.14B+5.5% | $2.03B+5.9% | $1.91B+7.8% |
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.
