AXON ENTERPRISE INC

For the period ended Mar 31, 2025. Filed May 7, 2025.

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, 2025 · Filed May 7, 2025

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,
	2025	2024
As Restated
Net sales from products	$340,896	$270,424
Net sales from services	262,737	189,447
Net sales	603,633	459,871
Cost of product sales	170,181	152,160
Cost of service sales	67,713	49,083
Cost of sales	237,894	201,243
Gross margin	365,739	258,628
Operating expenses:
Selling, general and administrative	223,509	151,075
Research and development	151,023	91,097
Total operating expenses	374,532	242,172
(Loss) income from operations	(8,793)	16,456
Interest income	10,604	12,130
Interest expense	(7,821)	(1,756)
Other income, net	114,401	139,066
Income before provision for income taxes	108,391	165,896
Provision for income taxes	20,411	32,544
Net income	$87,980	$133,352
Net income per common and common equivalent shares:
Basic	$1.14	$1.77
Diluted	$1.08	$1.73
Weighted average number of common and common equivalent shares outstanding:
Basic	76,890	75,355
Diluted	81,484	77,132
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$87,980	$133,352
Foreign currency translation adjustments	358	(801)
Unrealized loss on available-for-sale investments	(124)	(106)
Comprehensive income	$88,214	$132,445

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.