Axon Enterprise (AXON) 10-K Summary — Year Ended Dec 31, 2025
Axon Enterprise filed its annual report for the latest period. The report shows revenue growth, an operating loss, positive net income, and improved liquidity from a debt offering.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Axon Enterprise filed its annual report for the latest period. The report shows revenue growth, an operating loss, positive net income, and improved liquidity from a debt offering.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.8B
Revenue reported for the fiscal year.
Operating income
-$62.1M
Income from operations reported for the year.
Net income
$124.7M
Net income reported for the year.
Operating cash flow
$211.3M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2024 | $459.9M | -70.5% |
| Jun 30, 2024 | $503.2M | +9.4% |
| Dec 31, 2024 | $2.1B | +313.8% |
| Dec 31, 2025 | $2.8B | +33.5% |
Business overview
The filing does not contain a narrative business description in the provided data. The Business section reference is listed but no specific text was supplied.
Financial performance
Revenue increased compared to the prior annual period. Operating income was negative, while net income was positive. Cash flow from operations was also positive.
Material risks
The filing includes a Risk Factors section, but no specific risk descriptions are available in the supplied context. Therefore, no material risks can be identified from the provided data.
Liquidity and capital
The company relies on operating cash flows and cash equivalents as its primary liquidity source. Cash and short-term investments increased, partly due to funds raised through a debt issuance.
What to watch
The next filing will show whether the company’s operating income has improved from the reported loss.