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NASDAQ NMS - GLOBAL MARKET · Aerospace & Defense · CIK 0001069183
$414.60
+2.98% · live
Updated
$33.26B market value
From AXON ENTERPRISE, INC.'s FY2025 10-K, filed Feb 25, 2026 · read the filing
AXON ENTERPRISE makes metal parts and products. It took in $2.78B last year, which makes it a mid-sized company. Of every dollar it sells, about 4 cents is left as profit.
The financial picture is led by growth, with profitability worth watching, while debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From AXON ENTERPRISE, INC.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
$58.5M → -$62.1M
Profit
$377.0M → $124.7M
Profit margin
18.1% → 4.5%
Free cash flow
$329.5M → $75.1M
Measured against FY2024, from the 10-K filed Feb 25, 2026
Deteriorated: turned negative
$58.5M to -$62.1MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -66.9%
$377.0M to $124.7MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
AXON rose 2.98% on the latest quote. The average Industrials company tracked here moved +0.33%, and the S&P 500 −1.04%. That is 2.7 points above its sector and 4.0 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 28 analysts covering this company, as of . Their views, not this site's.
Of 28 analysts publishing on this company, 9 say strong buy, 16 say buy and 3 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 4 cents of every dollar of sales as profit, earning $124.7M last year.
Yes, quickly. Sales grew 33.5% last year.
No. At its current cash flow it could clear its debt in about 2.9 years. For every $1 it owes, it owns $1.86 in assets. Its operating profit does not cover its interest bill — -0.66x against the interest it owes.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it earned $124.7M and generated $211.3M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 25, 2026Filing for FY2025 | FY202410-K · Feb 25, 2026Filing for FY2024 | FY202310-K/A · Feb 25, 2026Filing for FY2023 | FY202210-K · Feb 28, 2025Filing for FY2022 | FY202110-K · Feb 28, 2025Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $2.78B | $2.08B | $1.56B | $1.19B | $863.4M | +33.5% |
| Cost of revenue | $1.12B | $841.1M | $605.2M | $461.0M | $322.5M | +33.3% |
| Gross profit | $1.66B | $1.24B | $955.5M | $726.1M | $540.9M | +33.6% |
| Gross marginGross profit ÷ revenueWhat is this? | 59.7% | 59.6% | 61.2% | 61.2% | 62.7% | +0.0 pts |
| Selling, general and administrative | $1.04B | $741.2M | $494.9M | $399.3M | $515.0M | +39.8% |
| Operating income | -$62.1M | $58.5M | $156.8M | $93.0M | -$168.1M | n/m |
| Operating marginOperating income ÷ revenueWhat is this? | -2.2% | 2.8% | 10.0% | 7.8% | -19.5% | −5.0 pts |
| Interest expense | $94.2M | $7.1M | $7.0M | — | — | +1227.7% |
| Income before tax | $19.0M | $381.5M | $157.1M | $196.2M | -$141.4M | −95.0% |
| Net income | $124.7M | $377.0M | $175.8M | $146.9M | -$60.0M | −66.9% |
| Net marginNet income ÷ revenueWhat is this? | 4.5% | 18.1% | 11.3% | 12.4% | -7.0% | −13.6 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $1.55 | $4.92 | $2.33 | $2.06 | $-0.8466 | −68.4% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| AXONAXON ENTERPRISE, INC. · this page | 6.0/10 | 5/9 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Had shares withheld to cover taxes — 5,850 shares at $422.21 ($2.5M)
Holds 61,396 shares after this filing.
Sold on the open market — 1,017 shares at $480.45 ($488.6K)
Holds 56,264 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Signed a material agreement · Took on a direct financial obligation · Made a Regulation FD disclosure
Read the filingSigned a material agreement · Took on a direct financial obligation · Made a Regulation FD disclosure
Read the filingWrite down why you are following AXON ENTERPRISE, INC., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 2 subsidiaries named in its 10-K. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Source: Exhibit 21 of the 10-K filed 2026-02-25. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Coverage from the last 30 days
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from AXON's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 25, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 6.0 | 5/9 | 10-K, filed Feb 25, 2026 |
| FY2024 | 10.0 | 6/8 | 10-K, filed Feb 28, 2025 |
| FY2023 | 8.7 | 7/8 | 10-K, filed Feb 28, 2025 |
| FY2022 | 8.7 | 6/8 | 10-K, filed Feb 28, 2023 |
| FY2021 | 7.3 | 4/8 | 10-K, filed Feb 25, 2022 |
| FY2020 | 7.3 | 4/8 | 10-K, filed Feb 26, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
6.25
In the safe zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: −13.6 pts
18.1% to 4.5%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -77.2%
$329.5M to $75.1MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: -68.4%
$4.92 to $1.55Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: turned positive
$0.00 to $1.73BCritical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +164.1%
$454.8M to $1.20BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: +72.9%
$78.8M to $136.3MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +33.5%
$2.08B to $2.78BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +33.6%
$1.24B to $1.66BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −5.0 pts
2.8% to -2.2%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: +4.7%
76.6M to 80.2MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 6, 2026 — read it.
Improved: turned positive
-$1.0M to $46.8MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +35.3%
$668.5M to $904.4MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +35.3%
$403.7M to $546.4MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: -18.5%
$36.1M to $29.4MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +5.3 pts
-0.2% to 5.2%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: -21.3%
$0.46 to $0.36Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: −2.1 pts
5.4% to 3.3%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: +3.5%
78.5M to 81.2MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 6, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +60.0%
$29.2M to $46.8MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -82.6%
$169.3M to $29.4MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −17.7 pts
21.0% to 3.3%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -82.8%
$2.10 to $0.36Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +30.2%
$458.9M to $597.7MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +12.0%
$807.3M to $904.4MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +14.5%
$477.3M to $546.4MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +1.3 pts
59.1% to 60.4%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +1.6 pts
3.6% to 5.2%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 4.9% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 142.9x — a high multiple relative to the current trailing profit.
This company has not reported enough of the required figures to calculate this score.
| 33.5% |
| 4.5% |
| 266.78x |
| 1.16x |
| HWMHowmet Aerospace Inc. | 9.0/10 | 8/9 | 11.1% | 18.3% | 51.48x | 1.09x |
|---|
| TDGTransDigm Group INC | 7.0/10 | 7/9 | 11.2% | 23.5% | 31.00x | -3.36x |
|---|
| LHXL3HARRIS TECHNOLOGIES, INC. /DE/ | 8.0/10 | 7/7 | — | — | 29.58x | 1.10x |
|---|
| HEIHEICO CORP | 10.0/10 | 8/9 | 16.3% | 15.4% | 60.43x | 0.85x |
|---|
| Median of peers | 8.5/10 | — | 11.2% | 18.3% | 41.24x | 0.97x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Sold on the open market — 71 shares at $501.99 ($35.6K)
Holds 3,127,941 shares after this filing.
Sold on the open market — 410 shares at $503.74 ($206.5K)
Holds 3,127,531 shares after this filing.
Sold on the open market — 1,104 shares at $505.59 ($558.2K)
Holds 3,126,427 shares after this filing.
Sold on the open market — 744 shares at $506.48 ($376.8K)
Holds 3,125,683 shares after this filing.
Sold on the open market — 749 shares at $507.48 ($380.1K)
Holds 3,124,934 shares after this filing.
Sold on the open market — 1,774 shares at $508.45 ($902.0K)
Holds 3,123,160 shares after this filing.
Sold on the open market — 1,319 shares at $509.32 ($671.8K)
Holds 3,121,841 shares after this filing.
Sold on the open market — 1,348 shares at $510.59 ($688.3K)
Holds 3,120,493 shares after this filing.
Sold on the open market — 1,251 shares at $511.43 ($639.8K)
Holds 3,119,242 shares after this filing.
Sold on the open market — 1,033 shares at $512.70 ($529.6K)
Holds 3,118,209 shares after this filing.
Sold on the open market — 197 shares at $513.38 ($101.1K)
Holds 3,118,012 shares after this filing.
Sold on the open market — 347 shares at $561.08 ($194.7K)
Holds 313,402 shares after this filing.
Sold on the open market — 373 shares at $562.27 ($209.7K)
Holds 313,029 shares after this filing.
Sold on the open market — 359 shares at $563.50 ($202.3K)
Holds 312,670 shares after this filing.
Sold on the open market — 1,232 shares at $564.47 ($695.4K)
Holds 311,438 shares after this filing.
Sold on the open market — 661 shares at $565.37 ($373.7K)
Holds 310,777 shares after this filing.
Sold on the open market — 188 shares at $566.32 ($106.5K)
Holds 310,589 shares after this filing.
Sold on the open market — 193 shares at $567.53 ($109.5K)
Holds 310,396 shares after this filing.
Sold on the open market — 1,684 shares at $568.95 ($958.1K)
Holds 308,712 shares after this filing.
Sold on the open market — 898 shares at $569.70 ($511.6K)
Holds 307,814 shares after this filing.
Sold on the open market — 643 shares at $570.94 ($367.1K)
Holds 307,171 shares after this filing.
Sold on the open market — 677 shares at $571.98 ($387.2K)
Holds 306,494 shares after this filing.
Sold on the open market — 314 shares at $573.37 ($180.0K)
Holds 306,180 shares after this filing.
Sold on the open market — 283 shares at $574.67 ($162.6K)
Holds 305,897 shares after this filing.
Sold on the open market — 1,108 shares at $575.79 ($638.0K)
Holds 304,789 shares after this filing.
Sold on the open market — 1,075 shares at $576.80 ($620.1K)
Holds 303,714 shares after this filing.
Sold on the open market — 625 shares at $577.74 ($361.1K)
Holds 303,089 shares after this filing.
Sold on the open market — 1,379 shares at $578.73 ($798.1K)
Holds 301,710 shares after this filing.
Sold on the open market — 1,663 shares at $579.76 ($964.1K)
Holds 300,047 shares after this filing.
Sold on the open market — 793 shares at $580.59 ($460.4K)
Holds 299,254 shares after this filing.
Sold on the open market — 318 shares at $581.76 ($185.0K)
Holds 298,936 shares after this filing.
Sold on the open market — 120 shares at $582.84 ($69.9K)
Holds 298,816 shares after this filing.
Sold on the open market — 477 shares at $584.54 ($278.8K)
Holds 298,339 shares after this filing.
Sold on the open market — 565 shares at $585.72 ($330.9K)
Holds 297,774 shares after this filing.
Sold on the open market — 280 shares at $586.43 ($164.2K)
Holds 297,494 shares after this filing.
Sold on the open market — 280 shares at $588.46 ($164.8K)
Holds 297,214 shares after this filing.
Sold on the open market — 109 shares at $590.21 ($64.3K)
Holds 297,105 shares after this filing.
Sold on the open market — 91 shares at $592.51 ($53.9K)
Holds 297,014 shares after this filing.
Sold on the open market — 40 shares at $595.17 ($23.8K)
Holds 296,974 shares after this filing.
Had shares withheld to cover taxes — 763 shares at $566.56 ($432.4K)
Holds 57,281 shares after this filing.
Had shares withheld to cover taxes — 479 shares at $566.56 ($271.5K)
Holds 40,363 shares after this filing.
Had shares withheld to cover taxes — 735 shares at $566.56 ($416.3K)
Holds 67,246 shares after this filing.
Had shares withheld to cover taxes — 156 shares at $566.56 ($88.2K)
Holds 13,600 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 1,017 shares ($487.0K) on or after .
Shares originally obtained via Restricted Stock Units.
Filed notice to sell 10,000 shares ($5.1M) on or after .
Shares originally obtained via Option Exercise.
Filed notice to sell 16,775 shares ($10.1M) on or after .
Shares originally obtained via RSU Vesting.
Filed notice to sell 9,605 shares ($5.9M) on or after .
Shares originally obtained via Restricted Stock Units.
Filed notice to sell 10,000 shares ($5.3M) on or after .
Shares originally obtained via Option Exercise.
Filed notice to sell 1,000 shares ($599.4K) on or after .
Shares originally obtained via Restricted Stock Vesting Under a Registered Plan.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q2 FY2026
Revenue +35.3% · Operating margin +5.3 pts · Operating income turned positive — against Q2 FY2025
Published results
Read the filingHad a director or senior officer leave or join
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +33.7% · Operating margin +5.1 pts · Operating income turned positive — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Revenue +33.5% · Operating margin −5.0 pts · Operating income turned negative — against FY2024
Read the filingPublished results
Read the filingReported another event
Read the filingReported another event
Read the filingReported another event
Read the filingSold shares outside a public offering · Reported another event
Read the filingSold shares outside a public offering · Reported another event
Read the filingQuarterly report for Q3 FY2025
Revenue +30.6% · Operating margin −4.7 pts · Operating income turned negative — against Q3 FY2024
Read the filingPublished results
Read the filingPrimary sources and further research