Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $268M | $344M | $420M | $531M | $681M | $863M | $1.19B | $1.56B | $2.08B | $2.78B |
| Revenue growth | — | 28.2% | 22.2% | 26.4% | 28.3% | 26.8% | 37.5% | 31.5% | 33.4% | 33.5% |
| Gross profit | $171M | $207M | $259M | $307M | $416M | $541M | $726M | $955M | $1.24B | $1.66B |
| Gross margin | 63.6% | 60.2% | 61.6% | 57.9% | 61.1% | 62.7% | 61.2% | 61.2% | 59.6% | 59.7% |
| Operating income | $31.9M | $13.0M | $24.8M | -$6.39M | -$14.2M | -$168M | $93.0M | $157M | $58.5M | -$62.1M |
| Operating margin | 11.9% | 3.8% | 5.9% | -1.2% | -2.1% | -19.5% | 7.8% | 10.0% | 2.8% | -2.2% |
| Net income | $17.3M | $5.21M | $29.2M | $882K | -$1.72M | -$60.0M | $147M | $176M | $377M | $125M |
| Net margin | 6.4% | 1.5% | 7.0% | 0.2% | -0.3% | -7.0% | 12.4% | 11.3% | 18.1% | 4.5% |
| EPS (diluted) | $0.32 | $0.10 | $0.50 | $0.01 | -$0.03 | -$0.91 | $2.03 | $2.33 | $4.80 | $1.51 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21.1M | $18.5M | $63.9M | $65.7M | $38.5M | $124M | $235M | $189M | $408M | $211M |
| Capital expenditures | $4.96M | $10.4M | $11.1M | $15.9M | $72.6M | $49.9M | $55.8M | $59.6M | $78.8M | $136M |
| Free cash flow | $16.2M | $8.05M | $52.7M | $49.7M | -$34.1M | $74.6M | $180M | $130M | $330M | $75.1M |
| Share buybacks | $33.7M | $0.00 | $0.00 | — | — | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $40.7M | $75.1M | $349M | $172M | $155M | $356M | $354M | $599M | $455M | $1.20B |
| Total assets | $278M | $338M | $720M | $846M | $1.38B | $1.69B | $2.85B | $3.41B | $4.47B | $7.00B |
| Total liabilities | $127M | $171M | $252M | $302M | $405M | $640M | $1.58B | $1.79B | $2.15B | $3.76B |
| Long-term debt | — | — | — | — | — | — | — | — | $0.00 | $1.73B |
| Shareholders' equity | $151M | $167M | $467M | $543M | $976M | $1.05B | $1.27B | $1.62B | $2.33B | $3.24B |
| Retained earnings | $118M | $123M | $171M | $172M | $170M | $110M | $257M | $435M | $812M | $937M |
| Shares (wtd avg diluted) | 53.5M | 53.9M | 57.9M | 60.0M | 61.8M | 66.2M | 72.5M | 75.5M | 78.6M | 82.4M |
Every figure is extracted from AXON ENTERPRISE, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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