| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 169,312 | 2,745 | -2,186 | 36,117 |
| Stock-based compensation | 134,701 | 208,596 | 146,152 | 139,244 |
| Gain on strategic investments and marketable securities, net | 191,090 | 5,322 | 22,893 | -32,167 |
| Debt inducement expense | 0 | -10,284 | 82 | 0 |
| Depreciation and amortization | 30,361 | 26,945 | 19,606 | 17,157 |
| Provision for bad debts and inventory | 1,968 | 2,520 | 2,574 | 2,454 |
| Deferred income taxes | 18,020 | -28,983 | 16,369 | -21,297 |
| Other noncash items | 11,695 | 7,537 | -3,348 | 9,763 |
| Receivables and contract assets | -48,915 | 139,507 | 153,220 | 139,268 |
| Inventory | 64,713 | 23,774 | 10,079 | 31,112 |
| Deferred revenue | -40,295 | 61,920 | 72,699 | -84,648 |
| Accounts payable, accrued and other liabilities | -151,047 | 242,155 | 23,555 | 12,564 |
| Prepaid expenses and other assets | -656 | 147,881 | 29,133 | 64,845 |
| Net cash (used in) provided by operating activities | -31,517 | 217,235 | 60,014 | -91,704 |
| Purchases of investments | 291,952 | 30,566 | 251,876 | 714,693 |
| Business combinations, net of cash acquired | 549,681 | 624,066 | 19,000 | 3,809 |
| Proceeds from call, maturity, and sale of investments | 249,345 | 490,000 | 887,902 | 354,843 |
| Purchases of property and equipment | 23,125 | 61,808 | 26,635 | 22,953 |
| Other, net | 1,524 | 0 | 132 | -80 |
| Net cash used in investing activities | -616,937 | -226,440 | 590,259 | -386,532 |
| Net proceeds from equity offering | NaN | 127,313 | 178,281 | 183,960 |
| Proceeds from issuance of notes | 0 | 0 | 0 | 0 |
| Proceeds from options exercised | NaN | 0 | 0 | NaN |
| Principal payments for conversion and redemption of convertible debt | 81,110 | 201,418 | 19 | 0 |
| Payments to third parties for debt issuance, amendment, conversion and redemption activity | 964 | 106 | 2,153 | 525 |
| Income and payroll tax payments for net-settled stock awards | 10,210 | 141,350 | 16,796 | 187,800 |
| Other, net | -4 | 2 | -150 | 0 |
| Net cash (used in) provided by financing activities | -92,288 | -215,559 | 159,163 | -4,365 |
| Effect of exchange rate changes on cash and cash equivalents | -1,495 | 2,015 | -756 | 5,305 |
| Net change in cash and cash equivalents | -742,237 | -222,749 | 808,680 | -477,296 |
| Cash and cash equivalents and restricted cash, beginning of period | 1,213,393 | 1,436,142 | 627,462 | 1,104,758 |
| Cash and cash equivalents and restricted cash, end of period | 471,156 | 1,213,393 | 1,436,142 | 627,462 |
AXON ENTERPRISE, INC. (AXON)
AXON ENTERPRISE, INC. (AXON)