金脈コード
企業一覧に戻る

AXON ENTERPRISE, INC（AXON）の決算・業績分析

AXON ENTERPRISE, INCの2025年有価証券報告書をAI分析。売上高$2.8B(+33.5%)。営業利益-$62M。Industrials。

目次
SUMMARY — 業績サマリー

AXON ENTERPRISE, INCの2025年度 業績サマリー

AXON ENTERPRISE, INC（証券コード: AXON）の2025年度決算・業績分析。売上高は$2.8B（前年比+33.5%）。営業利益は-$62M（前年比-206.0%）。純利益は$125M（前年比-66.9%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。

AXON ENTERPRISE, INCの2024年度 注目ポイント

※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。

  1. Revenue surged 37.5% YoY to $1.2B (XBRL), driven by Axon Cloud & Services growth and TASER automation (10-K).
  2. Net income skyrocketed 344.8% YoY to $147M (XBRL), fueled by gains on strategic investments ($162.9M) and marketable securities ($120.3M) (10-K).
  3. Operating income jumped 155.3% YoY to $93M (XBRL), with gross margin holding at 61.2% (XBRL) despite higher stock-based compensation (10-K).
  4. Strong liquidity with $354M cash (XBRL) and a current ratio of 3.14x (XBRL), though net debt remains 2.8x EBITDA (XBRL).

AXON ENTERPRISE, INCの売上高変化の要因

  • •Total revenue reached $1.2B (XBRL), up 37.5% YoY, driven by Axon Cloud & Services expansion, TASER automation, and cost-reduction initiatives (10-K). Revenue growth outpaced historical CAGR of 30.0% over 5 years (XBRL). Segment breakdowns are not available in XBRL or 10-K text, though 'Net sales from products' and 'Net sales from services' are mentioned without specific figures (10-K).

AXON ENTERPRISE, INCの営業利益変化の要因

  • •Gross profit was $726M (XBRL) with a 61.2% margin (XBRL), though adjusted gross margin improved to 63.2% (10-K). Operating income rose 155.3% YoY to $93M (XBRL) at a 7.8% margin (XBRL), despite $384.2M increase in operating expenses (salaries, benefits, transaction costs) (10-K). Net income surged 344.8% YoY to $147M (XBRL), with net margin of 12.4% (XBRL).

AXON ENTERPRISE, INCの事業リスクと対応

Heavy reliance on law enforcement agencies for revenue (10-K).

Dependence on CED sales for a significant portion of revenue (10-K).

Inability to innovate or deploy new products could harm competitiveness (10-K).

Rapid technological changes and competition pose risks to market position (10-K).

Challenges in managing growth and scaling operations (10-K).

Regulatory risks from TASER 10 CED non-compliance and AI development (10-K).

AXON ENTERPRISE, INCの今後の見通し・業績予想

Management expects a business reorganization into 'Connected Devices' and 'Software & Services' segments starting Q1 2025, alongside growth in cloud services and TASER automation (10-K). No specific financial guidance for FY2025 was provided in XBRL or 10-K text.

AXON ENTERPRISE, INCの事業内容

Axon Enterprise, Inc. (AXON) provides technology solutions for global public safety, generating revenue through recurring cloud-hosted software subscriptions, hardware sales (e.g., body cameras, TASER devices), professional services, and digital training content (10-K). Key products include cloud-based evidence management (Axon Records), real-time operations (Axon Respond), and TASER conducted energy devices (CEDs) with accessories and VR training (10-K). Competitive advantages include mission-driven innovation, R&D investments ($234M), integrated hardware-software ecosystems, and leadership in TASER and cloud SaaS (10-K). Customers include law enforcement agencies, corrections systems, and enterprise security organizations, with no significant concentration (10-K).

AXON ENTERPRISE, INCのAI業績分析レポート（2024年度）

AXON ENTERPRISE, INC. (AXON) FY2024 ANNUAL REPORT ANALYSIS

Highlights

•Revenue: $1.2B (+37.5% YoY) (XBRL)
•Net Income: $147M (+344.8% YoY) (XBRL)
•Operating Income: $93M (+155.3% YoY) (XBRL)
•Cash: $354M (XBRL)
•Gross Margin: 61.2% (XBRL)

Business Overview

Axon provides public safety technology solutions, including cloud software (e.g., Axon Records), hardware (body cameras, TASER CEDs), and training content. Key customers are law enforcement agencies with no significant concentration (10-K). Competitive advantages include R&D ($234M) and integrated ecosystems (10-K).

Revenue Analysis

Total revenue grew 37.5% YoY to $1.2B (XBRL), driven by Axon Cloud & Services and TASER automation (10-K). Historical growth: 30.0% CAGR over 5 years (XBRL). Segment-specific revenue figures are not disclosed (10-K).

Profitability Analysis

•Gross Profit: $726M (61.2% margin) (XBRL)
•Operating Income: $93M (7.8% margin) (+155.3% YoY) (XBRL)
•Net Income: $147M (12.4% margin) (+344.8% YoY) (XBRL)
•Adjusted gross margin improved to 63.2% (10-K)

Balance Sheet Analysis

•Equity: $1.1B (30.8% equity ratio) (XBRL)
•Long-Term Debt: $677M (net debt: $323M) (XBRL)
•Cash: $354M (current ratio: 3.14x) (XBRL)
•Total Assets: $3.4B (XBRL)

Cash Flow Analysis

•Operating Cash Flow: $235M (XBRL)
•Free Cash Flow: $180M (OCF - CapEx $56M) (XBRL)
•CapEx: $56M (4.7% of revenue) (XBRL)

Working Capital Analysis

N/A (data not available)

Risks

1.Reliance on law enforcement revenue (10-K)
2.Dependence on CED sales (10-K)
3.Innovation and tech disruption risks (10-K)
4.Regulatory risks for TASER and AI (10-K)
5.Growth management challenges (10-K)

Outlook

Management plans to reorganize into 'Connected Devices' and 'Software & Services' segments in Q1 2025, with growth expected in cloud services and TASER automation (10-K). No FY2025 financial guidance provided (10-K).

Industrialsの企業一覧

AXON ENTERPRISE, INCと同じ「Industrials」セクターの企業

Accenture plcACN売上 $69.7BAKAMAI TECHNOLOGIES INCAKAM売上 $4.2BAllegion plcALLE売上 $4.1BBALL CorpBALL売上 $13.2BBooking Holdings IncBKNG売上 $26.9BBaker Hughes CoBKR売上 $27.7BBROADRIDGE FINANCIAL SOLUTIONS, INCBR売上 $6.9BCARDINAL HEALTH INCCAH売上 $222.6BCATERPILLAR INCCAT売上 $67.6BCARNIVAL CORPCCL売上 $26.6BC. H. ROBINSON WORLDWIDE, INCCHRW売上 $16.2BCUMMINS INCCMI売上 $33.7B