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AXON AXON ENTERPRISE, INC.

Trailing twelve months to 2026-06-30 · as filed 2026-08-06, not restated
Industrials

Scale

Market cap
$49.9bn
Revenue TTM
$3.2bn
Net income TTM
$199m
Free cash flow
$133m
Composite score
28.9
Sector rank
#236

Valuation

P / E
250.6
EV / EBITDA
383.1
EV / sales
15.8
FCF yield
0.27%
Earnings yield vs 10-yr
-4.33pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
6.2%
EBITDA margin
4.1%
ROE
5.4%
ROIC
0.5%
Revenue growth
34.7%

Insider activity, last 90 days

Net open-market
$-44.13m
Buyers
0
Sellers
8

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Our revenues for the three months ended June 30, 2026 were $904.4 million, an increase of $235.9 million, or 35.3%, from the three months ended June 30, 2025. Gross margin dollars increased $142.7 million reflecting consistent percentage of revenue at 60.4%, when compared to the three months ended June 30, 2025. Adjusted gross margin decreased to 62.9% for the three months ended June 30, 2026 compared to 63.3% for the same period in the prior year. The decrease in gross margin and adjusted gross margin was primarily driven by a higher mix of professional services revenue and scaling new product offerings, partially offset by tariff refunds received in the quarter. …AXON ENTERPRISE, INC., 10-Q, period ended 2026-06-30, filed 2026-08-06

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