AXON ENTERPRISE, INC.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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 Balance Sheets as of December 31, 202 and
(in thousands, except share data)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,201,147 | $454,844 |
| Short-term investments | 505,417 | 333,235 |
| Marketable securities | 27,213 | 198,270 |
| Accounts and notes receivable, net of allowance of $4,198 and $3,322 as of December 31, 2025 and December 31, 2024, respectively | 777,486 | 547,572 |
| Contract assets, net | 582,630 | 367,929 |
| Inventory | 341,811 | 265,316 |
| Prepaid expenses and other current assets | 277,348 | 130,315 |
| Total current assets | 3,713,052 | 2,297,481 |
| Property and equipment, net | 330,979 | 247,324 |
| Deferred tax assets, net | 359,803 | 304,282 |
| Intangible assets, net | 196,972 | 175,157 |
| Goodwill | 1,370,189 | 756,838 |
| Long-term notes receivable, net | 6,066 | 3,460 |
| Long-term contract assets, net | 178,249 | 119,876 |
| Strategic investments | 416,833 | 332,550 |
| Other long-term assets | 428,170 | 237,620 |
| Total assets | $7,000,313 | $4,474,588 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $139,086 | $71,955 |
| Accrued liabilities | 510,538 | 279,193 |
| Current portion of deferred revenue | 714,708 | 612,955 |
| Current portion of notes payable, net | 80,552 | 680,289 |
| Customer deposits | 16,156 | 20,626 |
| Other current liabilities | 9,107 | 12,857 |
| Total current liabilities | 1,470,147 | 1,677,875 |
| Deferred revenue, net of current portion | 359,902 | 360,685 |
| Liability for unrecognized tax benefits | 24,376 | 25,007 |
| Long-term deferred compensation | 23,675 | 15,877 |
| Long-term lease liabilities | 98,942 | 41,383 |
| Long-term notes payable, net | 1,730,170 | — |
| Other long-term liabilities | 50,443 | 26,096 |
| Total liabilities | 3,757,655 | 2,146,923 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value; 25,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | — | — |
| Common stock, $0.00001 par value; 200,000,000 shares authorized, 100,444,971 shares issued and 80,211,537 shares outstanding as of December 31, 2025, and 200,000,000 shares authorized, 96,839,558 shares issued and 76,619,331 shares outstanding as of December 31, 2024 | 1 | 1 |
| Additional paid-in capital | 2,475,035 | 1,689,781 |
| Treasury stock at cost, 20,233,434 and 20,220,227 shares as of December 31, 2025 and December 31, 2024, respectively | (157,242) | (155,947) |
| Retained earnings | 936,670 | 812,014 |
| Accumulated other comprehensive loss | (11,806) | (18,184) |
| Total stockholders’ equity | 3,242,658 | 2,327,665 |
| Total liabilities and stockholders’ equity | $7,000,313 | $4,474,588 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.