Axon Enterprise Inc. reported Q4 2025 net sales of USD 797 million, up 39.0% year over year, including Connected Devices revenue of USD 454 million (up 37.6%) and Software & Services revenue of USD 343 million (up 39.8%). Q4 gross margin was 57.9% and adjusted gross margin was 61.1%. Net income was USD 3 million (USD 0.03 per diluted share), while non-GAAP net income was USD 178 million (USD 2.15 per diluted share). Adjusted EBITDA was USD 206 million (25.9% margin), and operating cash flow was USD 217 million with free cash flow of USD 155 million. For FY 2025, Axon posted net sales of USD 2.8 billion, up 33.0%, with annual recurring revenue of USD 1.3 billion (up 35.0%), bookings of USD 7.4 billion (up 46.0%) and future contracted bookings of USD 14.4 billion (up 43.0%); net revenue retention was 125%. The company ended 2025 with USD 1.7 billion in cash, cash equivalents and short-term investments and USD 1.8 billion of outstanding convertible and senior notes (net debt position of USD 112 million). Axon highlighted 2025 product and business updates including expansion of its AI Era Plan (Draft One, Brief One, Form One) and the rollout of Axon Assistant, with about 500 customers live and features such as real-time translation across 50+ languages and voice-enabled policy chat with citations. The company also shipped Axon Vehicle Intelligence for fixed ALPR, introduced new device form factors (Axon Outpost and Axon Lightpost) and a “Works With Axon” certified third-party camera program, and said key feature enhancements are expected to ship in H1 2026 with deployments scaling later in 2026. Axon said Axon Body Mini is expected to begin shipping in mid-2026, targeting commercial environments, and outlined Axon 911 plans supported by the Prepared acquisition (closed late 2025) and the Carbyne acquisition (closed in Q1 2026), including an integration connecting Axon 911 and Axon Fusus. For FY 2026, Axon guided to revenue growth of 27.0% to 30.0% and an adjusted EBITDA margin of 25.5%, and introduced 2028 targets of about USD 6.0 billion in annual revenue and a 28% adjusted EBITDA margin.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AXON Enterprise Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202602241601PR_NEWS_USPR_____LA94728) on February 24, 2026, and is solely responsible for the information contained therein.
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