Axon Enterprise said revenue for the quarter ended March 31, 2025 was $603.6 million, an increase of $143.8 million, or 31.3%, from the comparable period in the prior year. Operating loss for the same period was $8.8 million, compared to operating income of $16.5 million in the prior year.

1. 01

   Axon Enterprise said revenue for the quarter ended March 31, 2025 was $603.6 million, an increase of $143.8 million, or 31.3%, from the comparable period in the prior year. Operating loss for the same period was $8.8 million, compared to operating income of $16.5 million in the prior year.

2. 02

   The company said net income of $88.0 million for the quarter ended March 31, 2025 included net realized and unrealized gains of $167.3 million related to strategic investments. This was offset in part by a noncash unrealized loss of $23.4 million on marketable securities and inducement expense of $28.7 million associated with the early repurchase of a portion of our 2027 Notes.

3. 03

   Axon Enterprise said net sales for the Connected Devices segment increased 26.1% for the quarter ended March 31, 2025 compared to the prior-year quarter, with an increase of $30.9 million in TASER. Net sales for the Software and Services segment increased 38.7%, with an increase of $73.3 million.

4. 04

   The company said net cash provided by financing activities was $1.3 billion for the 3 months ended March 31, 2025, including gross proceeds of $1.8 billion from the issuance of Senior Notes. For the same period, net cash provided by operating activities was $25.8 million and net cash used in investing activities was $702.2 million.

Key figures

Quarter ended March 31, 2025

Revenue

$604M

Operating income

−$9M

Net income

$88M

EPS

$1.08

Gross profit

$366M

Operating cash flow

$26M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.