Axon Enterprise Income Statement 2025-2008 | AXON

Brief overview of profit and loss at Axon Enterprise

The comparison covers a five-year financial horizon. According to figures from Axon Enterprise, revenue changed from 681 million dollars to 2.8 billion dollars over five years. Overall revenue changed by +308.2%, equal to an annualized rate of about 32.5%. This pace points to rapid expansion of the business.

Gross profit changed from $416 million to $1.7 billion (+298.3%). Direct costs outpaced revenue, limiting the benefit of changes in sales. The gross margin was 61.1% at the start and 59.7% at the end. There was no meaningful shift in gross profitability.

Over the period, EBITDA shifted from −1.7 million dollars to 21.1 million dollars, a change of +1358.8%. Operating profitability strengthened faster than the scale of sales. EBITDA margin was −0.2% at the start and 0.8% at the end. EBITDA as a share of revenue remained steady.

Across the five years, the net result shifted from −$1.7 million to $125 million. The company restored profitability by the end of the period.

Market value was $10.2 billion at the start and $30.6 billion at the end. Capitalization grew more slowly than the underlying results.

Summary assessment

The financial profile remains mixed, with strengths and risks moving in different directions. The constructive conclusion rests on positive operating leverage, revenue expansion and a stronger final result. Caution is warranted because of limited operating profitability and pressure from direct costs. The key question is whether sales can be converted into sustainable profit.