Axon Enterprise, Inc.'s Stock Analysis

Axon Enterprise Announces Redemption of Convertible Senior Notes

Axon Enterprise, Inc. has issued a notice of redemption for its 0.50% convertible senior notes due 2027, with all outstanding notes set to be redeemed on February 10, 2026. The redemption price will be 100% of the principal amount along with any accrued interest up to the redemption date.

Holders of the notes can convert them into common stock until February 6, 2026. For those who convert, the company will provide cash for the principal amount and shares of common stock for any excess. The settlement amounts for conversions will be calculated over a 30 trading day period starting December 24, 2025, and will be delivered on the redemption date.

Dec 18, 2025 16:30:49

Axon to Exchange Convertible Notes for Cash and Stock

Axon Enterprise, Inc. has entered into Exchange Agreements with certain holders of its 0.50% convertible senior notes due 2027, agreeing to exchange approximately $177.9 million in principal amount of these notes for a combination of cash and common stock. The exchange will result in the issuance of about 468,000 shares of common stock, assuming a specific average price during the exchange period. Following this transaction, approximately $100.1 million of the notes will remain outstanding.

The exchange is expected to impact the market price of Axon's common stock as holders of the convertible notes may unwind hedging positions, potentially leading to substantial stock purchases. The shares issued in this exchange will be unregistered and exempt from certain registration requirements under the Securities Act. Investors should note that the company relies on representations from the holders regarding their status as accredited investors and qualified institutional buyers.

Dec 10, 2025 08:45:17

Axon Enterprise Reports Q3 2025 Revenue Growth and Outlook

Axon Enterprise, Inc. reported a revenue of $711 million for Q3 2025, marking a 31% increase compared to the same quarter last year. The growth was largely driven by a 41% rise in Software & Services revenue, which reached $305 million, and a 24% increase in Connected Devices revenue, totaling $405 million. The company's annual recurring revenue also grew by 41% to $1.3 billion, with a strong net revenue retention rate of 124%. Despite a net loss of $2 million, Axon achieved a non-GAAP net income of $98 million and an Adjusted EBITDA of $177 million, reflecting a 24.9% margin.

Looking ahead, Axon has raised its full-year revenue outlook to approximately $2.74 billion, projecting a 31% annual growth rate. The company anticipates fourth-quarter revenue between $750 million and $755 million, along with an expected Adjusted EBITDA margin of around 24%. Axon continues to invest in research and development for future products, including new software solutions and acquisitions aimed at enhancing its public safety ecosystem, which may further influence its growth trajectory.

Nov 04, 2025 16:12:49

Axon Enterprise Appoints Todd Morgenfeld to Board of Directors

On August 28, 2025, Todd Morgenfeld was appointed to the Board of Directors of Axon Enterprise, Inc. He will also serve on the Audit Committee and the Mergers and Acquisitions and Capital Structure Committee. Morgenfeld is an independent director with a term expiring at the 2026 annual stockholders' meeting. The Board expanded its membership from ten to eleven directors to accommodate this appointment.

Morgenfeld's compensation package includes restricted stock units valued at $260,000, which will vest over three years, and additional annual stock awards of the same value that will vest in one year. He will receive annual cash compensation of $40,000, along with retainers for his committee roles. Morgenfeld has extensive experience in finance and operations, having held senior positions at companies such as Pinterest, Twitter, and Hewlett-Packard, and he holds degrees from West Point and Stanford University.

Sep 02, 2025 12:44:33

Axon Enterprise Reports Q2 2025 Revenue Growth and Outlook

Axon Enterprise, Inc. reported a revenue of $669 million for the second quarter of 2025, representing a 33% increase year over year. The growth was driven by a 39% rise in Software & Services revenue to $292 million and a 39% increase in annual recurring revenue (ARR) to $1.2 billion. The company also reported a net income of $36 million, with an Adjusted EBITDA of $172 million, indicating a 25.7% margin. Additionally, Axon raised its full-year revenue outlook to a range of $2.65 billion to $2.73 billion, up from previous guidance of $2.60 billion to $2.70 billion.

The company's performance was bolstered by strong demand for its products, including the TASER 10 and Axon Body 4. Connected Devices revenue increased by 29% to $376 million. Axon's net revenue retention rate improved to 124%, reflecting successful expansion with existing customers. The company also highlighted ongoing investments in research and development, with stock-based compensation expenses projected between $580 million and $630 million for the year. As of June 30, 2025, Axon had $2.1 billion in cash and investments, alongside $2.0 billion in outstanding notes.

Aug 04, 2025 16:23:31

Axon Reports Q1 2025 Revenue Growth and Raises Outlook

Axon Enterprise, Inc. announced its Q1 2025 revenue reached $604 million, a 31% increase compared to the same quarter last year. The growth was primarily driven by a 39% rise in Software & Services revenue, which totaled $263 million. The company also reported a net income of $88 million and an adjusted EBITDA of $155 million. Annual recurring revenue grew by 34% to $1.1 billion, with a notable net revenue retention rate of 123%. Axon has raised its full-year revenue outlook to between $2.60 billion and $2.70 billion, up from a previous estimate of $2.55 billion to $2.65 billion.

The company highlighted strong demand for its products, particularly the TASER 10 and Axon Body 4, contributing to a 26% increase in Connected Devices revenue, which reached $341 million. Axon also introduced new product innovations during its annual user conference, including Axon Vehicle Intelligence and Axon Assistant, aimed at enhancing public safety technology. The company reported a solid cash position of $2.2 billion and a net cash position of $171 million as of March 31, 2025, indicating a strong financial foundation for future growth.

May 07, 2025 16:36:26

Axon Upsizes Offering of Senior Notes to $1.75 Billion

Axon has priced an upsized offering of $1,000 million in Senior Notes due 2030 and $750 million in Senior Notes due 2033, increasing the total offering size to $1,750 million. The notes will be sold at an issue price of 100% and are intended for general corporate purposes, including potential repurchase of existing convertible notes and investments in growth. The offering is expected to close on March 11, 2025, subject to customary conditions, and will not be registered under the Securities Act.

However, the notes will not have guarantees from Axon's subsidiaries, which may raise concerns among investors. Additionally, Axon faces various risks that could impact its financial performance, including exposure to cancellations of government contracts, production delays, and potential negative publicity regarding its products. These factors could affect the company's ability to achieve its financial goals and maintain investor confidence.

Mar 11, 2025 16:11:45

Axon to Exchange $407.5 Million in Convertible Notes

Axon Enterprise, Inc. has announced private exchange agreements for approximately $407.5 million of its 0.50% convertible senior notes due 2027. The exchange will involve cash and shares of common stock, with the expectation of issuing around 1.0 million shares based on the stock's average price during the exchange period. Post-exchange, Axon will have approximately $282.5 million of the notes remaining outstanding.

However, the press release notes that the shares to be issued have not been registered under the Securities Act, limiting their offer and sale without proper registration. Additionally, the activity from hedged holders related to these exchanges could significantly impact the market price of Axon's common stock, although the company cannot predict the extent of this effect.

Mar 07, 2025 08:22:55

Axon Proposes $1.5 Billion Senior Notes Offering for Growth

Axon Enterprise, Inc. has announced its intention to offer $1.5 billion in senior notes due in 2030 and 2033, aimed at raising funds for general corporate purposes, including potential repurchases of existing convertible notes and investments in growth opportunities. The offering is set to be conducted privately and will not be registered under the Securities Act, targeting qualified institutional buyers and non-U.S. persons outside the United States.

However, the offering comes with notable risks, including the lack of guarantees from Axon’s subsidiaries for the notes and potential challenges in executing their growth strategy. Factors such as funding availability for law enforcement agencies, competition in product development, and macroeconomic conditions could impact Axon's future performance and ability to meet its financial goals.

Mar 05, 2025 08:12:47

Axon 2024 Revenue Increases by 33% to $2.1 Billion

Axon Enterprise, Inc. reported a revenue growth of 33% for 2024, reaching $2.1 billion, marking the third consecutive year of over 30% annual growth. Key highlights include a 44% increase in Axon Cloud & Services revenue to $806 million and a 37% rise in annual recurring revenue to $1 billion. The company also achieved a net income of $377 million, resulting in an 18.1% net income margin. Furthermore, Axon surpassed $2 billion in annual revenue and $1 billion in annual recurring revenue, with total future contracted bookings rising to $10.1 billion, driven by strong demand across its product segments and significant operational milestones, including the largest deal in company history and over 1 million software users.

Conversely, the company faced challenges with a decline in total gross margin, which fell to 60.1%, attributed to increased stock-based compensation and amortization of acquired intangibles. Additionally, Axon reported an operating loss of $16 million due to elevated stock-based compensation expenses. The Sensors & Other revenue segment experienced a gross margin decrease to 32.8% from 46.9% year over year, impacted by product mix and inventory reserve charges. Despite these negatives, Axon continues to anticipate a robust growth trajectory moving forward.

Feb 25, 2025 16:08:20