Axon Enterprise, Inc

AXON Industrials Aerospace & Defense

Axon Enterprise, Inc’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 33.5% from fiscal 2024.

Revenue
+27.9%
EPS
+2,433.3%
Free cash flow
+99.2%
Total debt
+0.19%

Quarter to September 2026, against a year earlier

320.49 62.07 −16.22%
Market cap
$31.1B
P/E
120×
Fwd P/E
123×
Dividend yield
—
F-score
5/9
Altman Z
8.02
Beneish M
−2.18
Dividend safety
n/a

Axon Enterprise, Inc (AXON) Free cash flow

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Axon Enterprise, Inc's free cash flow for fiscal 2025 was $75.1M, down 77.2% from $329.5M in fiscal 2024. Over the twelve months to 30 September 2026 it was $80.9M. Over the past ten years it has ranged from −$34.3M (fiscal 2020) to $329.5M (fiscal 2024); the current reading is higher than 73% of that period. Axon Enterprise, Inc ranks 27th of 89 Aerospace & Defense companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 $75.1M (77.22%)
FY2024 $329.5M 155.46%
FY2023 $129.0M (28.04%)
FY2022 $179.3M 141.39%
FY2021 $74.3M —
FY2020 −$34.3M —
FY2019 $49.3M (5.46%)
FY2018 $52.2M 639.90%
FY2017 $7.1M (44.58%)
FY2016 $12.7M (68.17%)

Quarterly newest first

Period Free cash flow Change
Sep 2026 −$18.9M —
Jun 2026 −$972.0K —
Mar 2026 −$54.6M —
Dec 2025 $155.4M 365.64%
43 more quarters

Against its own ten years

Low −$34.3M High $329.5M
Ten-year median $52.2M
Current reading's percentile 73

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

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