← AXON ENTERPRISE, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $268.2m | $343.8m | $420.1m | $530.9m | $681.0m | $863.4m | $1.2b | $1.6b | $2.1b | $2.8b | |
| Cost of Revenue | $97.7m | $136.7m | $161.5m | $223.6m | $264.7m | $322.5m | $461.3m | $608.0m | $841.1m | $1.1b | |
| Gross Profit | $170.5m | $207.1m | $258.6m | $307.3m | $416.3m | $540.9m | $728.6m | $955.4m | $1.2b | $1.7b | |
| Operating Expenses | $138.7m | $194.1m | $233.7m | $313.7m | $430.5m | $709.0m | $635.4m | $800.6m | $1.2b | $1.7b | |
| Operating Income (Loss) | $31.9m | $13.0m | $24.8m | ($6.4m) | ($14.2m) | ($168.1m) | $93.3m | $154.8m | $58.5m | ($62.1m) | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $900k | $4.7m | $5.7m | $3.5m | $3.3m | $2.9m | $4.0m | $4.5m | $17.4m | $29.8m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | — | — | — | ($40.4m) | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | ($5.0m) | $2.0m | |
| Gain (Loss) on Investments | — | — | — | — | — | $23.0m | $98.9m | ($41.8m) | $283.2m | $140.0m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $38.4m | $15.0m | $25.8m | ($1.4m) | ($11.5m) | ($147.0m) | $191.6m | $132.4m | $357.5m | ($8.2m) | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | $75.4m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $31.5m | $15.8m | $28.1m | $2.1m | ($6.3m) | ($141.4m) | $196.5m | $155.0m | $381.5m | $19.0m | |
| Net Income (Loss) Attributable to Parent | $17.3m | $5.2m | $29.2m | $882k | ($1.7m) | ($60.0m) | $147.1m | $174.2m | $377.0m | $124.7m | |
| Earnings Per Share, Basic | $0.33 | $0.10 | $0.52 | $0.01 | ($0.03) | ($0.91) | $2.07 | $2.35 | $4.98 | $1.60 | |
| Earnings Per Share, Diluted | $0.32 | $0.10 | $0.50 | $0.01 | ($0.03) | ($0.91) | $2.03 | $2.31 | $4.80 | $1.51 | |
| Weighted Average Number of Shares Outstanding, Basic | 52.7m | 52.7m | 56.4m | 59.2m | 61.8m | 66.2m | 71.1m | 74.2m | 75.7m | 78.1m | |
| Weighted Average Number of Shares Outstanding, Diluted | 53.5m | 53.9m | 57.9m | 60.0m | 61.8m | 66.2m | 72.5m | 75.5m | 78.6m | 82.4m | |
| Selling, General and Administrative Expense | $108.1m | $138.7m | $156.9m | $213.0m | $307.3m | $515.0m | $401.6m | $496.9m | $741.2m | $1.0b | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($41.9m) | $286.4m | $99.9m | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | — | $94.2m | |
| Current Income Tax Expense (Benefit) | $18.9m | $8.0m | $6.5m | $8.2m | $11.1m | ($306k) | $23.8m | $46.3m | $82.6m | ($23.0m) | |
| Research and Development Expense | $30.6m | $55.4m | $76.9m | $100.7m | $123.2m | $194.0m | $233.8m | $303.7m | $441.6m | $684.3m | |
| Income Tax Expense (Benefit) | $14.2m | $10.6m | ($1.1m) | $1.2m | ($4.6m) | ($81.4m) | $49.4m | ($19.2m) | $4.5m | ($105.7m) | |
| Interest Income (Expense), Nonoperating, Net | ($354k) | $2.7m | $3.3m | $8.5m | $7.9m | $26.7m | $103.3m | $42.1m | $36.6m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.