AXON ENTERPRISE, INC.
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
AXON$302.54-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income
CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME
(in thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net sales from products | $376,360 | $292,763 | $717,256 | $563,187 |
| Net sales from services | 292,178 | 210,473 | 554,915 | 399,920 |
| Net sales | 668,538 | 503,236 | 1,272,171 | 963,107 |
| Cost of product sales | 193,507 | 142,627 | 363,688 | 294,787 |
| Cost of service sales | 71,288 | 54,453 | 139,001 | 103,536 |
| Cost of sales | 264,795 | 197,080 | 502,689 | 398,323 |
| Gross margin | 403,743 | 306,156 | 769,482 | 564,784 |
| Operating expenses: | ||||
| Selling, general and administrative | 242,212 | 170,964 | 465,721 | 322,039 |
| Research and development | 162,567 | 101,434 | 313,590 | 192,531 |
| Total operating expenses | 404,779 | 272,398 | 779,311 | 514,570 |
| Income (loss) from operations | (1,036) | 33,758 | (9,829) | 50,214 |
| Interest income | 23,253 | 11,653 | 33,857 | 23,783 |
| Interest expense | (28,686) | (1,871) | (36,507) | (3,627) |
| Other income (loss), net | (32,414) | 7,934 | 81,987 | 147,000 |
| Income (loss) before provision for income taxes | (38,883) | 51,474 | 69,508 | 217,370 |
| Provision for (benefit from) income taxes | (75,000) | 10,001 | (54,589) | 42,545 |
| Net income | $36,117 | $41,473 | $124,097 | $174,825 |
| Net income per common and common equivalent shares: | ||||
| Basic | $0.46 | $0.55 | $1.60 | $2.32 |
| Diluted | $0.44 | $0.53 | $1.52 | $2.26 |
| Weighted average number of common and common equivalent shares outstanding: | ||||
| Basic | 77,999 | 75,511 | 77,448 | 75,433 |
| Diluted | 82,062 | 77,550 | 81,782 | 77,346 |
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ||||
| Net income | $36,117 | $41,473 | $124,097 | $174,825 |
| Foreign currency translation adjustments | 5,159 | (2,727) | 5,517 | (3,528) |
| Unrealized gain (loss) on available-for-sale investments | 73 | 119 | (51) | 13 |
| Comprehensive income | $41,349 | $38,865 | $129,563 | $171,310 |
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