AXON ENTERPRISE, INC. (AXON) Income statement

Market cap

$31.9B

P/E ratio

263x

	2011/12	2012/12	2013/12	2014/12	2015/12	2016/12	2018/12	2019/12	2020/12	2021/12	2022/12	2023/12	2024/12	2025/12
Revenue	90	115	138	165	198	268	420	531	681	863	1,190	1,563	2,083	2,780
Revenue growth (%)	-						-
Cost of revenue	42	47	52	63	69	98	161	224	265	322	461	608	841	1,121
Gross profit	45	68	86	102	129	171	259	307	416	541	729	955	1,241	1,658
Gross margin (%)
Research & development	10	8	10	15	24	31	77	101	123	194	234	304	442	684
Selling, general & administrative	38	39	47	54	70	108	157	213	307	515	402	497	741	1,036
Operating margin (%)
Operating expenses	55	45	58	69	93	139	234	314	430	709	635	801	1,183	1,720
Operating income	-10,915,933	23	28	33	35	32	25	-6	-14	-168	93	155	59	-62
Income before tax	-9,628,741	23	28	32	35	31	28	2	-6	-141	197	155	382	19
Pretax margin (%)	-10.7	19.7	20.3	19.6	17.9	11.7	6.7	0.4	-0.9	-16.4	16.5	9.9	18.3	0.7
Provision for income taxes	-2,588,875	8	10	12	15	14	-1	1	-5	-81	49	-19	4	-106
Effective tax rate (%)
Net income	-7,039,866	15	18	20	20	17	29	1	-2	-60	147	174	377	125
Net income margin (%)
Earnings per share	-0.12	0.27	0.35	0.38	0.37	0.33	0.52	0.01	-0.03	-0.91	2.07	2.35	4.98	1.6
Diluted EPS	-0.12	0.27	0.34	0.37	0.36	0.32	0.5	0.01	-0.03	-0.91	2.03	2.31	4.8	1.51
EBITDA
EBITDA margin (%)