AXON: the balance sheet

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For the year ending 2025-12-31, AXON has $7,000,313K in assets. $3,757,655K in debts. $1,201,147K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
252.56%
Quick Ratio
229.31%
Cash Ratio
81.70%
Debt to Asset Ratio
53.68%
Unit: Thousand (K) dollars
Assets Breakdown
Cash and cash equivalents
Accounts and notes receivable, n...
Contract assets, net
Others
Liabilities Breakdown
Additional paid-in capital
Retained earnings
Current portion of deferred reve...
Others

Balance Sheets	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	1,201,147	454,844	598,545	353,684
Short-term investments	505,417	333,235	644,054	581,769
Marketable securities	27,213	198,270	77,940	39,240
Accounts and notes receivable, net of allowance of 4,198 and 3,322 as of december31, 2025 and december31, 2024, respectively	777,486	547,572	417,690	358,190
Contract assets, net	582,630	367,929	275,779	196,902
Inventory	341,811	265,316	269,855	202,471
Prepaid expenses and other current assets	277,348	130,315	112,786	73,022
Total current assets	3,713,052	2,297,481	2,396,649	1,805,278
Property and equipment, net	330,979	247,324	200,533	169,843
Deferred tax assets, net	359,803	304,282	229,513	156,866
Internet Domain Names	-	-	3,043	3,043
Patents	-	-	3,222	2,981
Trademarks	-	-	1,333	1,119
Customer Relationships	-	-	5,530	4,892
Noncompete Agreements	-	-	448	447
Developed Technology Rights	-	-	29,402	18,586
Gross carrying amount	240,411	164,225	42,978	31,068
Total non-amortizable	18,116	42,672	1,843	1,819
Intangible assets, gross carrying amount	258,527	206,897	44,821	32,887
Accumulated amortization	61,555	31,740	25,282	20,729
Intangible assets, net	196,972	175,157	19,539	12,158
Goodwill	1,370,189	756,838	57,945	44,983
Long-term investments	-	-	-	156,207
Long-term notes receivable, net	6,066	3,460	2,588	5,210
Long-term contract assets, net	178,249	119,876	77,710	45,170
Strategic investments	416,833	332,550	231,730	296,563
Other long-term assets	428,170	237,620	220,638	159,616
Total assets	7,000,313	4,474,588	3,436,845	2,851,894

Accounts payable	139,086	71,955	88,326	59,918
Accrued liabilities	510,538	279,193	188,230	155,934
Current portion of deferred revenue	714,708	612,955	491,691	360,037
Current portion of notes payable, net	80,552	-	-	-
Customer deposits	16,156	20,626	21,935	20,399
Other current liabilities	9,107	12,857	9,787	6,358
Total current liabilities	1,470,147	997,586	799,969	602,646
Deferred revenue, net of current portion	359,902	360,685	281,852	248,003
Liability for unrecognized tax benefits	24,376	25,007	18,049	10,745
Long-term deferred compensation	23,675	15,877	11,342	6,285
Deferred tax liability, net	-	-	-	1
Long-term lease liabilities	98,942	41,383	33,550	37,143
Convertible notes, net	-	680,289	677,113	673,967
Long-term notes payable, net	1,730,170	-	-	-
Other long-term liabilities	50,443	26,096	2,936	4,613
Total liabilities	3,757,655	2,146,923	1,824,811	1,583,403
Common stock, 0.00001 par value 200,000,000 shares authorized, 100,444,971 shares issued and 80,211,537 shares outstanding as of december31, 2025, and 200,000,000 shares authorized, 96,839,558 shares issued and 76,619,331 shares outstanding as of december31, 2024	1	1	1	1
Additional paid-in capital	2,475,035	1,689,781	1,347,410	1,174,594
Treasury stock at cost, 20,220,227 shares as of december 31, 2023 and december 31, 2022	-	-	155,947	155,947
Treasury stock at cost, 20,233,434 and 20,220,227 shares as of december31, 2025 and december31, 2024, respectively	157,242	155,947	-	-
Retained earnings	936,670	812,014	431,249	257,022
Accumulated other comprehensive loss	-11,806	-18,184	-10,679	-7,179
Total stockholders equity	3,242,658	2,327,665	1,612,034	1,268,491
Total liabilities and stockholders equity	7,000,313	4,474,588	3,436,845	2,851,894

Unit: Thousand (K) dollars (except for numbers of shares and EPS).

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Balance Sheets