AXON ENTERPRISE, INC.

For the period ended Mar 31, 2026. Filed May 7, 2026.

About this filing

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.

Mar 31, 2026 · Filed May 7, 2026

AXON$302.54-0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Income

CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME

(in thousands, except per share data)

	Three Months Ended March 31,
	2026	2025
Net sales from products	$452,821	$340,896
Net sales from services	354,524	262,737
Net sales	807,345	603,633
Cost of product sales	232,156	170,181
Cost of service sales	97,903	67,713
Cost of sales	330,059	237,894
Gross margin	477,286	365,739
Operating expenses:
Selling, general and administrative	259,093	223,509
Research and development	188,950	151,023
Total operating expenses	448,043	374,532
Income (loss) from operations	29,243	(8,793)
Interest income	10,611	10,604
Interest expense	(28,643)	(7,821)
Other income, net	189,010	114,401
Income before provision for income taxes	200,221	108,391
Provision for income taxes	30,909	20,411
Net income	$169,312	$87,980
Net income per common and common equivalent shares:
Basic	$2.11	$1.14
Diluted	$2.05	$1.08
Weighted average number of common and common equivalent shares outstanding:
Basic	80,150	76,890
Diluted	82,478	81,484
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$169,312	$87,980
Foreign currency translation adjustments	647	358
Unrealized loss on available-for-sale investments	(111)	(124)
Comprehensive income	$169,848	$88,214

ContentsView on SEC.gov

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