Axon Enterprise said revenues for the 3 months ended June 30, 2025 were $668.5 million, an increase of $165.3 million, or 32.8%, from the prior year period. The company had a loss from operations of $1.0 million in the period, compared to income from operations of $33.8 million in the same quarter of the prior year.

1. 01

   Axon Enterprise said revenues for the 3 months ended June 30, 2025 were $668.5 million, an increase of $165.3 million, or 32.8%, from the prior year period. The company had a loss from operations of $1.0 million in the period, compared to income from operations of $33.8 million in the same quarter of the prior year.

2. 02

   Axon Enterprise said net income for Q2 was $36.1 million, which included a $75.0 million tax benefit, partially offset by a noncash unrealized loss of $30.9 million on marketable securities. The effective tax rate for the period was 192.9%, and diluted net income per share was $0.44.

3. 03

   Axon Enterprise said gross margin for the Connected Devices segment in Q2 decreased to 48.6% from 51.3%, while gross margin for the Software and Services segment increased to 75.6% from 74.1%. The company cited an increased mix from Platform Solutions as the factor for the Connected Devices decline and a higher software mix for the Software and Services increase.

4. 04

   Axon Enterprise said net cash from operating activities for the 6 months of 2025 was $(65.9) million, and net cash used in investing activities was $1.1 billion. Cash provided by financing activities was $1.3 billion, which included gross proceeds of $1.8 billion from the issuance of Senior Notes.

Key figures

Quarter ended June 30, 2025

Revenue

$669M

Operating income

−$1M

Net income

$36M

EPS

$0.44

Gross profit

$404M

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

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