Axon Q4 revenue rises 39% to $797 million; GAAP net income falls to $3 million
Axon reported fourth-quarter 2025 revenue of $797 million, up 39% year over year, and set 2026 guidance of 27% to 30% revenue growth. GAAP net income fell to $3 million from $135 million a year earlier, with an operating loss of $50 million, while non-GAAP net income rose to $178 million.
Key points
- Q4 2025 revenue of $797 million, up 39% year over year; Software & Services revenue of $343 million, up 40%
- Operating loss of $50 million; net income of $3 million, or $0.03 per diluted share, versus $135 million a year earlier
- Non-GAAP net income of $178 million, or $2.15 per diluted share, versus $168 million a year earlier
- 2026 outlook of 27% to 30% revenue growth and 25.5% Adjusted EBITDA margin; new 2028 target of $6 billion in annual revenue
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.