Snapshot
Axon Enterprise, Inc. reported $797M of revenue in Q4 2025, up 38.5% year over year, with diluted EPS of $0.03 and an operating margin of -6.3%.
- Revenue
- $797M
- YoY growth
- +38.5%
- Diluted EPS
- $0.03
- Operating margin
- -6.3%
$797M
Revenue
+38.5%
YoY growth
$0.03
Diluted EPS
-6.3%
Operating margin
01 Key takeaways
What management said
- •During this call, we will discuss our business outlook and make forward-looking statements.
- •You may recall that over the past few quarters, we laid out an ambitious plan to drive record bookings.
- •2025 full-year bookings surpassed $7 billion, and we're up more than 40% from last year.
- •That's on the back of fourth quarter bookings, up more than 50%, representing a major acceleration relative to two straight years of bookings growth in the high 20% range.
- •We just booked almost as much business in the quarter as we did in the full year, just two years ago, and we see no sign of that slowing down.
- •To that end, in our first full year of selling the AI Era Plan, it accounted for approximately $750 million worth of bookings, or about 10% of the overall bookings total.
- •Our pipeline is sitting in the nine figures for that new product set, and we expect that to continue to grow.
- •We're hearing directly from customers, some of whom came to us from other vendors, that our track record on privacy and ethics was a deciding factor in their decision.
- •Customers aren't just buying hardware and software, they're buying confidence that will help them deploy technology responsibly.
- •Bookings in this category, which include everything outside US state and local law enforcement, surpassed $2 billion on the back of record results in international corrections and justice.
- •It's impossible to talk about explosive growth at Axon without mentioning our corrections team.
- •First, I'll walk through our fourth quarter performance, then we'll move to guidance, our new 2028 targets, and how we think about the future.
SourcesCompany financials · earnings call
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