The company said quarterly revenue for Q3 2025 rose 31% year over year to $711 million, its net loss was $2 million (net loss margin of 0.3%), and Adjusted EBITDA was $177 million.

1. 01

   The company said quarterly revenue for Q3 2025 rose 31% year over year to $711 million, its net loss was $2 million (net loss margin of 0.3%), and Adjusted EBITDA was $177 million.

2. 02

   Axon said Software & Services revenue grew 41% year over year to $305 million, annual recurring revenue (ARR) grew 41% to $1.3 billion, and net revenue retention was 124%.

3. 03

   The company expects revenue of $750 million to $755 million and Adjusted EBITDA of $178 million to $182 million for Q4. It also said full-year revenue of about $2.74 billion is up from its prior outlook of $2.65 billion to $2.73 billion.

4. 04

   Axon said operating cash flow for Q3 was $60 million (compared with $91 million a year earlier) and free cash flow was $33 million. As of September 30, 2025, it had $2.4 billion in cash, cash equivalents and short-term investments, $2.0 billion in convertible and senior notes in principal amount, and a net cash position of $356 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

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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