The Tip Desk

AXON ENTERPRISE, INC.

Company Stats

Market Cap
$34.3B
as of Sep 30, 2026
Enterprise Value
$35.0B
Shares Outstanding
81.2M
Free Float
95.8%

Income Statement

Revenue
$2.8B
Operating Income
-$62.1M
Net Income
$124.7M
EBITDA
$21.1M

Cash Flow

Free Cash Flow
$75.1M
FCF Yield
0.2%
Owner FCF Yield
-1.6%

Balance Sheet

Cash & Equivalents
$1.2B
Total Debt
$1.8B
Net Debt
$630.0M
Net Debt / EBITDA
29.88x
EV / EBITDA
1657.78x

Cash Flow by Year

YearRevenueFCFMargin
FY2025$2.8B$75.1M2.7%
FY2024$2.1B$329.5M15.8%
FY2023$1.6B$129.6M8.3%

Annual filing data through FY ended December 31, 2025; shares and float as of October 27, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage