AXON ENTERPRISE INC
For the period ended Mar 31, 2025. Filed May 7, 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.
Mar 31, 2025 · Filed May 7, 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 Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| As Restated | ||
| Cash flows from operating activities: | ||
| Net income | $87,980 | $133,352 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Stock-based compensation | 140,239 | 75,115 |
| Gain on strategic investments and marketable securities, net | (143,921) | (139,711) |
| Debt inducement expense | 28,666 | — |
| Depreciation and amortization | 19,453 | 7,356 |
| Provision for bad debts and inventory | 3,800 | 1,580 |
| Deferred income taxes | (48,768) | 20,670 |
| Other noncash items | 9,515 | 2,584 |
| Change in assets and liabilities: | ||
| Receivables and contract assets | (73,565) | (56,737) |
| Inventory | (16,986) | (2,074) |
| Deferred revenue | 33,505 | 19,121 |
| Accounts payable, accrued and other liabilities | 8,611 | (85,840) |
| Prepaid expenses and other assets | (22,735) | 8,646 |
| Net cash provided by (used in) operating activities | 25,794 | (15,938) |
| Cash flows from investing activities: | ||
| Purchases of investments | (1,079,169) | (250,585) |
| Business combinations, net of cash acquired | — | (237,771) |
| Proceeds from call, maturity, and sale of investments | 401,811 | 330,472 |
| Purchases of property and equipment | (24,862) | (16,194) |
| Other, net | 3 | 34 |
| Net cash used in investing activities | (702,217) | (174,044) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of notes | 1,750,000 | — |
| Principal payments for induced conversion of convertible debt | (407,453) | — |
| Payments to third-parties for debt issuance, amendment and repurchase activity | (24,210) | — |
| Income and payroll tax payments for net-settled stock awards | (5,035) | (2,710) |
| Other, net | (76) | — |
| Net cash provided by (used in) financing activities | 1,313,226 | (2,710) |
| Effect of exchange rate changes on cash and cash equivalents | 1,192 | (1,978) |
| Net increase (decrease) in cash and cash equivalents | 637,995 | (194,670) |
| Cash and cash equivalents and restricted cash, beginning of period | 466,763 | 600,670 |
| Cash and cash equivalents and restricted cash, end of period | $1,104,758 | $406,000 |
| Supplemental disclosures: | ||
| Cash and cash equivalents | $1,092,938 | $403,870 |
| Restricted cash (Note 1) | 11,820 | 2,130 |
| Total cash, cash equivalents and restricted cash shown in the statements of cash flows | $1,104,758 | $406,000 |
| Cash paid for interest | $498 | $— |
| Cash paid for income taxes, net of refunds | $54 | $1,413 |
| Non-cash transactions: | ||
| Property and equipment purchases in accounts payable and accrued liabilities | $151 | $1,406 |
| Non-cash expense for induced conversion of convertible debt, debt offering and revolver modification | $34,248 | $— |
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