Axon Enterprise, Inc. AXON Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Sales by Business | ||||||
| Connected Devices | $452.82M+32.8% | $454.21M+37.6% | $405.4M+23.6% | $376.36M+28.6% | $340.9M+26.1% | |
| Software and Services | $354.52M+34.9% | $342.52M+39.8% | $305.24M+41.1% | $292.18M+38.8% | $262.74M+38.7% | |
| Other segment items by Business | ||||||
| Connected Devices | $7.65M-18.8% | $12.13M+29.2% | $8.9M+25.3% | $9.55M+53.2% | $9.42M-66.5% | |
| Software and Services | $11.98M+32.6% | $13.04M+60.1% | $9.2M+52.3% | $9.69M+83.7% | $9.04M+142% | |
| Adjusted gross margin by Business | ||||||
| Connected Devices | $228.32M+26.7% | $223.9M+29.9% | $211.13M+18.1% | $192.4M+23.0% | $180.14M+23.0% | |
| Software and Services | $268.61M+31.6% | $262.57M+37.5% | $234.32M+42.0% | $230.58M+43.0% | $204.06M+41.6% | |
| Cost of Sales by Business | ||||||
| Connected Devices | -$232.16M-36.4% | $242.44M+45.0% | $203.17M+30.1% | $193.51M+35.7% | -$170.18M-212% | |
| Software and Services | -$97.9M-44.6% | $92.99M+49.7% | $80.12M+39.7% | $71.29M+30.9% | -$67.71M-238% | |
| Goodwill by Business | ||||||
| Connected Devices | $51.23M+9.9% | $51.25M+9.8% | $51.24M— | $51.51M— | $46.63M— | |
| Software and Services | $1.84B+160% | $1.32B+74.9% | $722.14M— | $710.74M— | $709.25M— | |
| Stock-based compensation expense by Business | ||||||
| Connected Devices | $5.78M-22.8% | $8.66M+15.1% | $7.58M+12.8% | $7.58M+28.9% | $7.48M-73.1% | |
| Software and Services | $4.73M-12.6% | $6.41M+48.0% | $5.12M+50.5% | $4.98M+89.0% | $5.41M+206% | |
| Foreign currency translation adjustments by Business | ||||||
| Connected Devices | -$21K-118% | $7K— | —— | $264K— | $119K— | |
| Software and Services | -$443K-127% | $18K+103% | $662K+221% | $1.26M+330% | $1.62M+396% | |
| Goodwill acquired by Business | ||||||
| Connected Devices | $0-100% | $1.18M— | $1.18M— | $1.18M— | $1.18M— | |
| Software and Services | $524.73M— | $596.78M+240% | $15.52M-91.2% | —— | —— | |
| D&A by Business | ||||||
| Connected Devices | $11.77M+26.7% | $11.41M+47.2% | $9.19M+102% | $8.31M+35.7% | $9.29M+96.6% | |
| Software and Services | $8.02M+102% | $6.73M+63.4% | $4.32M+0.8% | $4.1M+156% | $3.96M+77.9% | |
| Goodwill, Measurement Period Adjustment by Business | ||||||
| Connected Devices | $0-100% | $0— | $161K— | $125K— | $160K— | |
| Software and Services | $82K-96.8% | —— | $4.78M+3,887% | —— | $2.54M+2,017% | |
| Provisions for inventory by Business | ||||||
| Connected Devices | $937K+10.8% | $499K-91.0% | $1.74M-21.2% | $995K-86.7% | $846K-37.5% | |
| Software and Services | $0— | $0— | $0— | $0— | $0— | |
| Warranty reserve expense by Business | ||||||
| Connected Devices | $3.09M-18.3% | $2.25M+207% | $2.58M-15.2% | $3.02M+334% | $3.78M+238% | |
| Software and Services | $0— | $0— | $0— | $0— | $0— | |
| Net Sales by Product | ||||||
| Personal Sensors | $108.75M+23.0% | $109.13M+28.1% | $106.68M+20.3% | $92.82M+23.6% | $88.41M+30.0% | |
| Platform Solutions | $111.22M+95.1% | $80.87M+81.1% | $60.77M+70.6% | $67.31M+86.4% | $57M+50.7% | |
| Software and Services | $354.52M+34.9% | $342.52M+39.8% | $305.24M+41.1% | $292.18M+38.8% | $262.74M+38.7% | |
| TASER | $232.85M+19.1% | $264.2M+31.9% | $237.95M+16.9% | $216.23M+19.1% | $195.5M+18.8% | |
| Cost of Sales by Product | ||||||
| Product | $232.16M+36.4% | $242.44M+45.0% | $203.17M+30.1% | $193.51M+33.3% | $170.18M+11.8% | |
| Service | $97.9M+44.6% | $92.99M+49.7% | $80.12M+39.7% | $71.29M+29.1% | $67.71M+38.0% | |
| Net Sales by Geography | ||||||
| Other countries | $160.82M+117% | $152.41M+54.4% | $116.7M+89.2% | $131.17M+66.9% | $74.25M+8.7% | |
| United States | $646.53M+22.1% | $644.32M+35.2% | $593.94M+23.1% | $537.37M+26.5% | $529.38M+35.2% |
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.
